Kolkata port has competition for share of JNPT cargo

As Kolkata Port hopes to grab a share of exim cargo from the JN Port, Mumbai, it is more likely to face competition from other newer ports on the Western coast-Pipavav and Mundra.Kolkata Port has been trying to promote itself as the favourable port gateway from India to such countries as China, Japan, Australia, New Zealand and South Asia. Kolkata Port handled 5.26 lakh TEU containers a year in 2010-11, against JN Port's 4.27 million TEU a year. In this context, Kolkata Port Chairman Read More>>

Kolkata port to soon invite bids for box terminal at Diamond Harbour

Kolkata Port plans to invite qualifying bids for the development of container terminal at Diamond Harbour within a few days. The proposed terminal will handle up to 1 million twenty footequivalent unit (TEU) containers annually. At present, Kolkata port handles 5.26 lakh TEU containers a year.Mr M.L .Meena, Chairman, Kolkata Port Trust, was speaking at a trade meet here. He urged traders to use Kolkata Port for their export import (EXIM) cargo to countries like China, Japan, Korea, Australia, Read More>>

Steel imports dry into India amidst sagging demand and old stocks

The steel import market in India has become baron off late with barely any demand for HRC coming from any quarter.Although there has been a marginal improvementin international HRC levels by USD 10 per tonne from Black Sea and China it has not caused any ripples in the Indian waters.The main reasons for this inactivity are as follows Read More>>

Indian steel prices have peaked

Indian domestic steel transaction prices recorded marginal increases in May. However, there is growing resistance amongst consumers regarding any additional advances in selling values.Purchasing activity Read More>>

India calls for joint effort to combat maritime piracy

2010, the economic cost of maritime piracy on the supply chain was estimated to be $7-12 billion, said the International Chamber of Commerce (ICC) quoting the One Earth Foundation.Piracy is a concern to any industry having to navigate through the Gulf of Aden to deliver goods by water, said the ICC, a global representative body that speaks on behalf of enterprises from all sectors in every part of the world.For India, piracy is a serious issue Read More>>

Iron ore exports from Goa highest in 2010-11

The mining industry in Goa may have had a bad patch in the past year with agitations by locals and transporters and a ban on transportation of ore by Karnataka, but iron oreexports from Goa were the highest ever at over 54 million tonnes. "In the financial year 2010-11, Goa's export of iron ore has been the highest so far," Goa mineral ore exporters' association (GMOEA) executive director S Sridhar told TOI. The final figures are still being tabulated but Read More>>

The Shipping Corporation of India Selects Stratos to Deploy FleetBroadband on 156-Ship Fleet

Stratos Global, the leading global provider of advanced mobile and fixed-site remote communications solutions, yesterday announced it has been selected byThe Shipping Corporation of India Ltd. (SCI) to deploy the Inmarsat FleetBroadband satellite communications service as part of an integrated maritime communications solution that will help the operator increase productivity and control costs. Stratos was selected by SCI through Stratos Channel Partner Station Satcom. Based in Mumbai, SCI is India's largest shipping company, with an expansive fleet that operates globally and includes tankers, bulk carriers, Read More>>

India Needs to Curb Inflation to Boost Growth, RBI Governor Subbarao Says

India’s inflation rate, which has remained above 8 percent for 16 months, is high and needs to be curbed to boost economic growth, Reserve Bank of India GovernorDuvvuri Subbarao said today. “Inflation is high and we need to bring it down,” Subbarao told reporters in northeastern city of Agartala. Lower prices are needed “to see that growth accelerates.” India’s inflation was faster than estimated in April and is expected to rise further after the government raised gasoline prices last week. The central bank has pledged to continue the fight against inflation after Read More>>

MP to import 8 lakh tonne of coal to run power plants

To overcome the hurdles in power generation in the state due to coal shortage, the Madhya Pradesh government has decided to import 8 lakh metric tonne of fossil fuelfor its thermal power stations this fiscal.The power generating capacity Read More>>