Category Archives: Local News

INDIA: COASTAL SHIPPING – TIME TO CHANGE

India is blessed with a long coastline of about 7500km. Coastal Shipping plays a major role in the development of domestic industry and trade and thus the economy of the nation. Today when we look at transportation of goods within … Continue reading

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India’s Jawaharlal Nehru Port handles four million TEU annually

INDIA’s Jawaharlal Nehru Port handled 4.16 million TEU in its financial year from 2013 to 2014, accounting for 57 per cent of the total container throughput handled by the nation’s major ports. Within this total, the container terminal JNPCT at … Continue reading

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India: With PSA as operator, new JNPT terminal could compete with Mundra, Pipavav

Adani group promoted Mundra port and its neighbour Pipavav might have enjoyed all the spill-over cargo from the Jawaharlal Nehru Port for the past few years, but with the commissioning of the fourth container terminal at the JNPT, the container trade dynamics are all … Continue reading

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India becomes net steel exporter after 6 yrs

India became net steel exporter in 2013-14 after a gap of six years and is likely to maintain the momentum in 2014-15 as producers are looking to dock more overseas shipment to tide over subdued domestic consumption. Total steel exports … Continue reading

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India: Shipping Corp seeks to cut costs as another year of losses looms

Staring at a third consecutive year of loss, state-controlled Shipping Corp. of India Ltd (SCI) is cutting costs to stay profitable, the chairman and managing director of India’s biggest ocean carrier said. “We are currently looking to conserve cash,” Arun Kumar Gupta, who … Continue reading

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India: Iron ore exports likely to double in FY15

Iron ore exports from India are likely to exceed 25 million tonnes in 2014-15, a growth of over 60% compared to last year. In 2013-14, iron ore exports clocked 15.13 million tonnes, a decline of 19% over the previous year. … Continue reading

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India: Aegis Group commissions bulk liquid terminal at Pipavav port in Gujarat

Logistics company Aegis Group has made a new bulk liquid terminal at the Pipavav port in Gujarat commercially operational, port operator APM Terminals Pipavav said in a release. “This new infrastructure will act as a cost effective and efficient gateway to service industry’s feedstock requirements in … Continue reading

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India’s shipbreaking market on fire

India’s junk ship market is on fire, with the bulk of demolition sales being concluded from the country. The main reason was optimism in the industry over the strengthening of the rupee, which dipped briefly below the INR60 per US … Continue reading

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India must accelerate port development: experts

India must accelerate development of its deep sea ports to catch up with its rapidly growing foreign trade, experts attending a maritime conference said here. They especially highlighted India’s challenge in meeting increasing trade volume which calls for massive improvement … Continue reading

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India: Dighi Port Successfully Handles Coal And Steel Vessel Simultaneously

After commissioning the longest single linear quay length of 650m by a non – major port in the state of Maharashtra, Dighi Port has successfully accommodated and handled a coal and a steel coil vessel at the same time. Vessel … Continue reading

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India: Iron ore exports from Paradip rises three fold to 5.6 mn tonne in FY14

Outbound shipment of iron ore fines and pellets from Paradip port surged nearly three times to 5.6 million tonne in the year ending March 2014, from historical low 1.83 million tonne (mt) exports in the year ago period, supported by weak rupee, improved supplies and demand … Continue reading

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ABG Shipyard’s payment-on-delivery strategy may prove risky

ABG Shipyard, the largest private sector ship builder in India, is ready to accept payments towards its orders only upon delivery, but analysts have cautioned the debt-laden company that such a move could prove to be risky given the huge working capital loan … Continue reading

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India: Paradip port handles record 68 mt cargo

Paradip port has handled an all-time high cargo of 68 million tonnes in 2013-14, driven by higher movement of thermal coal, petroleum products, coking coal and iron ore exports. The volumes show an over 20 per cent growth against the … Continue reading

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India: State-owned ports see rise in cargo volumes

The volume of cargo handled by India’s dozen state-owned ports grew by a modest 1.78% in the year ended 31 March, reversing two consecutive years of decline, mainly on the back of higher coal shipments. The 12 ports handled a … Continue reading

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VCTPL combats slowdown, may post Decent Growth

  Looks at hinterland for new cargoes  Visakhapatnam: The global economic slowdown and geo-political disturbances such as the one in oil-rich Ukrainne have stunted container traffic growth in India. In tune with this, the Visakha Container Terminal is likely to … Continue reading

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Major Indian ports handle 17 pct more imported coal in 2013/14

India’s major state-owned ports handled 17 percent more imported coal in the fiscal year ended March, according to data from the Indian Ports Association (IPA), as its coastal power firms stepped up generation to meet growing demand. A rush to … Continue reading

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India: Mundra becomes first Indian port to cross 100 mt cargo mark

Gautam Adani-run Mundra port in Gujarat has handled 100 million tonnes (mt) of cargo in the year to 31 March, joining an elite club of global ports that have reached this mark. Mundra also became India’s biggest port by cargo … Continue reading

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India: Iron ore imports see sharp fall in 2013-14

After seeing a record rise in 2012-13, India’s iron ore imports have plunged to a five-year low so far this financial year. In the first 11 months of 2013-14, steel mills and sponge iron makers together imported 420,000 tonnes of … Continue reading

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India: Shipping Ministry to seek VGF for two proposed major ports

The Shipping Ministry will soon seek support from theFinance Ministry for covering the funding gap for two major ports proposed in West Bengal and Andhra Pradesh. “If the IRR (internal rate of return) goes down to something like 8%, I don’t expect people … Continue reading

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India’s coal imports to slow down – CIL

In a dramatic shift in the demand/supply dynamics of thermal power producers, India is unlikely to resort to imports of coal in the immediate short term. In the aftermath of excess coal stocks at thermal power plants and low plant … Continue reading

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