Subdued freight rates may affect the earnings of the Indian shipping industry and this prompted India Ratings and Research to maintain a negative outlook on the industry. The ratings agency, which is a part of the Fitch Group, feels that freight rates for dry bulk (coal and iron ore) may be hit by high
Tag: Coal
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Coal transportation contract of Durgapur Projects
The West Bengal government founded Durgapur Projects Ltd aims to develop infrastructure for various large, medium and small scale industries in and around Durgapur and also at other places within the state. Incorporated on September 6, 1961, the body consists of coke oven batteries, bye-products plant, gas grid project, thermal power plant
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Mining, quarrying sector contracts 5.5% in Nov
Output in the mining and quarrying sector declined 5.5 per cent during November 2012 as compared to the corresponding month of previous year, an official statement from Mines Ministry said. On a sequential basis, the output contracted 0.7 per cent in November 2012 to Rs 17,004 crore in value terms, mainly on account of less output of iron ore, natural gas and
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Major ports see 3.09% fall in cargo traffic
During Apr-Dec 2012, major ports witnessed a 3.09 per cent decline in cargo traffic because of fall in throughput of finished fertiliser and iron ore. While the iron-ore traffic at major ports declined by half, handling of finished fertiliser slumped 33 per cent during Apr-Dec 2012. Iron ore handling by ports declined mainly because of the ban on ore exports from Karnataka. The drop in hand
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Goa govt directs barge owners to cover vessel
Goa government directed all barge owners or masters to cover their vessels which are carrying or transporting coal or cargo through inland waterways of Goa. The state government asked barge owners or masters to cover their vessels with tarpaulin in order to mitigate air pollution that may be caused by the cargo
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Largest bulk carrier arrives at Dighi Port
Recently, a gearless post-panamax vessel arrived at Dighi Port carrying coal and this is said to be the largest bulk carrier to call the port and one of the largest vessels to call any port in Maharashtra. On January 5, 2013, the vessel ‘MV Maverick Guardian’ having a LOA of 229 meters, a Deadweight Tonnage (DWT) of 82,739 million tonne and carrying stea
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Gangavaram Port works on expansion plan
Gangavaram Port in Andhra Pradesh is working on its expansion plan to raise its cargo handling capacity from the current 15 million tonne to 45 mn t. The project involves addition of three multi-purpose berths and a coal handling terminal. The port has a
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Contract opportunities in mining sector
As the size of the economy grows, so does the demand for mineral resources like iron ore, coal, manganese, copper. India produces around 89 minerals out of which four are mineral fuels, 11 are metallic, 52 are non-metallic and 22 are minor minerals. In order to boost mining output, the central government revised the National Mineral Policy in 1994 and allowed private domestic and foreign investors to explore and exploit iron ore copper, zinc,
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Infrascape 2013 | Power distribution needs significant reform intervention
India has suffered a slowdown due to weak industrial growth. There is an immediate need to improve the macro-economic environment to accelerate the pace of reforms. As the year 2012 ends and the New Year rolls in, the existing troubles need immediate resolution.
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Infrascape 2013 | Positive changes in 2013
In the power sector, 2012 has been a very bad year with zero projects commenced. Unfortunately all the ingredients of the sector have gone wrong. Coal, environÂmental clearances and land became a huge problem for any power project. So whatever projects were on the anvil have also got delayed or shelved.