Category Archives: Local News

India to renew exemption granted to vessel sharing pacts of container lines

containerIndia is set to renew the exemption granted to vessel sharing agreements (VSAs) among container shipping lines from the provisions of the country’s antitrust law. The initial exemption given for a one-year period ends on 10 December. A meeting held … Continue reading

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India: Shipping still in doldrums

The shore is still not in sight for shipping companies. Sure, there is an improvement in some operating measures. For instance, the Baltic Dry Index (BDI), which tracks transport costs on international trade routes for dry bulk commodities such as … Continue reading

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India: Dhamra Port to invest Rs 7,000 cr for expansion

Adani Group-owned Dhamra Port Company Limited (DCPL) would invest around Rs 7,000 crore for expansion of cargo handling facility, an official of the company said on Tuesday. “We are embarking on the second phase of expansion of Dhamra Port. The … Continue reading

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SAIL’s coking coal imports to touch 35 million tonne by 2025

State-run steel maker SAIL’s coking coal imports will touch 35 million tonnes by 2025 when the targetted production capacity is projected to touch 50 million tonnes, a company official said. “Presently, SAIL’s coking coal imports is around 12 to 13 … Continue reading

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India’s ship scrap market is hit hard by cheap Chinese steel slabs

VOLATILE currency movements and crashing steel prices have hit prices on offer for scrap ships in India, which also compete with cheap steel from China. Ship demolition markets in Pakistan and Bangladesh are proving more resilient than India’s, where prices … Continue reading

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DP World ships banned ZPMC cranes to Jawharlal Nehru port

When a ship carrying four quay cranes manufactured by Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) docks at Jawaharlal Nehru (JN) port near Mumbai on 29 November, it is bound to raise eyebrows because China’s state-owned port crane maker is … Continue reading

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India: Attorney general’s opinion sought on new tariff for old cargo handlers

The shipping ministry has sought the opinion of the attorney general on migrating old cargo handlers to a new market-linked rate regime announced in July 2013 for new projects. A critical issue in this exercise is how to deal with … Continue reading

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India Sep Minerals production sees 0.7% growth

The index of mineral production of India mining and quarrying sector for the month of September (new Series 2004-05=100) 2014 at 116.0, was 0.7% higher as compared to September 2013. The cumulative growth for the period April-September 2014-15 over the … Continue reading

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We see multiple opportunities in India: Mr. Michael Golonka

Crowley Accord has been in the news during recent months after a new partnership was reached  between Accord Marine Management and Crowley Maritime Corporation to enhance the existing operations . Crowley Maritime Corporation is a U.S.-owned and operated marine solutions, … Continue reading

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India: Exim Bank to set up Rs. 1,500-cr fund to assist ship-building industry

To give a boost to ship building in the country, the Export-Import Bank of India (Exim Bank) is planning to set up a dedicated Rs. 1,500-crore fund with Government support. This proposal comes in the backdrop of the slump in … Continue reading

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India: Govt plans big push for coastal shipping

Coastal Shipping For a country that boasts of an expansive coastline of 7,500 kilometres, coastal shipping plays a surprisingly small role, transporting a little over 160 million tonnes (mt) of cargo in 2012-13, in the domestic movement of goods. To … Continue reading

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Essar Shipping gets shareholders nod for delisting

The shareholders of Essar Shipping Ltd on Tuesday approved the company’s delisting proposal, the firm said in a notification to the exchanges. The Essar Group is in the midst of delisting Essar Shipping, Essar Ports Ltd and Essar Oil Ltd … Continue reading

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India to Receive Its Biggest LNG Cargo Ahead of U.S. Shipments

India will receive its biggest shipment of liquefied natural gas by ship next month as it prepares to import the fuel from North America. The Q-Max LNG vessel, the largest in its class with a capacity of about 260,000 cubic … Continue reading

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India: Kerala’s Vallarpadam emerging as hub for empty containers

Shipping lines have started using Vallarpadam Terminal as a transhipment hub for empty containers. A senior port official said the lines regularly reposition empty containers to balance their inventory at different locations across the globe. According to the official, more … Continue reading

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India: Exports down 5% in Oct, first decline in FY15

On a day when Prime Minister Narendra Modi tried to hard-sell India in Australia, data released showed merchandise exports fell 5.04 per cent to $26.09 billion in October from $27.48 billion a year earlier. The fall in exports, the first … Continue reading

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India: Ports see shipping fuel demand jump as much as 25 percent

Demand for shipping fuel at major Indian ports has climbed in the past week by up to 25 percent as the cost of refuelling at Singapore, Asia’s bunkering hub, soared following the collapse of the world’s leading supplier, traders said. … Continue reading

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India: Karnataka to develop six minor ports under PPP mode

The Karnataka government proposes to upgrade and modernise six out of 12 minor ports on the west coast under the public private partnership model to attract investment, a senior minister said. “The state government intends to offer these ports on … Continue reading

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India’s Oct Iran oil imports rise 60 pct y/y -trade

India bought 60 percent more Iranian oil in October than a year ago as refiners held to higher volumes despite signs that world powers and Iran might not reach a final agreement on Tehran’s disputed nuclear programme before a Nov. … Continue reading

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Cargo loaders in Mumbai protest suspension of 19 co-workers

FOLLOWING the suspension last week of 19 loaders by ground-handling agency Cambata Aviation, 200 co-workers took part in a protest march at Mumbai airport. The 19 loaders were suspended on November 4, one day after they refused to work. The … Continue reading

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India: Great Eastern Shipping Q2 net profit at Rs206.64 crore

The Great Eastern Shipping Co. Ltd, India’s biggest private ocean carrier, said on Friday its net profit for the July to September quarter rose to Rs206.64 crore from Rs160.63 crore a year earlier. Revenue increased to Rs960.36 crore from Rs839.17 … Continue reading

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India: ABG Shipyard net loss at Rs. 173 cr

ABG Shipyard Ltd today reported a net loss of Rs. 173 crore for the quarter ended September 30 after total income from operations slumped by 80 per cent. The company had reported a net profit of Rs. 1 crore in … Continue reading

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Restrictive conditions make Indian ‘controlled tonnage’ scheme unpopular

It has been a matter of considerable concern for the Indian shipping industry that the country’s vessels currently carry a mere 8% of its overseas cargo. The figure has been steadily dropping over the years, from a level of over … Continue reading

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India: Shipping Corp posts net profit of Rs18.59 crore in Sep quarter

ciState-run Shipping Corp. of India Ltd posted a net profit of Rs18.59 crore in the quarter ended September, compared with a loss of Rs123.63 crore a year earlier, as India’s biggest ocean carrier slowly returns to profitability on the back … Continue reading

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India says may stop thermal coal imports in 2-3 yrs

India, the world’s third-largest buyer of overseas coal, may be able to stop imports of power-generating thermal coal in the next three years as state behemoth Coal India steps up production, the country’s power and coal minister said. Prime Minister … Continue reading

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