According to industry players, steel demand in India would grow faster than the demand growth across the globe during 2013 because of better economic growth in the country. According to Chandra Shekhar Verma, Chairman of Steel Authority of India (SAIL), India is a "demand centre where steel growth would rise in multiples of 1.2 of gros
Tag: import
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NMPT makes efforts to woo traders
The New Mangalore Port Trust (NMPT) is making efforts to woo importers and exporters from the neighbouring regions. For example, recently the port officials held consultations with exporters from Shimoga region in this regard. The officials urged the importers and exporters of Sh
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NMPT makes efforts to woo traders
The New Mangalore Port Trust (NMPT) is making efforts to woo importers and exporters from the neighbouring regions. For example, recently the port officials held consultations with exporters from Shimoga region in this regard. The officials urged the importers and exporters of Sh
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Hapag-Lloyd proposes to raise shipping charges
From February 1, the shipping rates for containers from the Indian subcontinent would be raised by Hapag-Lloyd. The liner considers to raise the rate by $250 per Twenty Foot Equivalent Unit (TEU) for transporting boxes from the Indian subcontinent - India, Pakistan, Bangladesh and S
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Iran to develop Chabahar port for India
Iran reiterated its commitment to develop Chabahar port to bolster its ties with India. Iran plans to expand the port in five phases and to ramp up its capacity to 20 million tonne by 2020. India's interest in the Iranian port is not only to get a direct access to Central Asia but also to facilitate import of mine
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PPT seeks waiver of license norms
Paradip Port Trust (PPT) is awaiting a positive response on its request to waive license norms for storing imported coal at its warehouse. The port is mandated to secure a storage licence and a transport license for all mineral transactions under the Odisha Mineral (Prevention of Theft, Smuggling and Illegal mining and Regulation of Possession, Storage and Tran
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Gas output may decline in FY13
A recent report from the oil ministry shows that India's natural gas production may decline to around 104 mmscmd in 2012-13 from 114.90 mmscmd in the previous fiscal. The report attributes the possible decline in gas output mainly to the fall in KG-D6 output to 23 mmscmd from over 30 mmscmd last year. The report also expects a sharp rise in imports of lique
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Oil India appoints consultant for 2.5 mn t LNG project
According to company sources, Oil India (OIL) has appointed a consultant to prepare report on its proposed
2.5-million tonne (mn t) liquefied natural gas (LNG) receiving terminal in the country. Geneva-based Foster Wheeler AG is said to be the firm that bagged the consultancy contract for the project, which marks OIL's foray into imported gas. With the proposed LNG terminal, the company will join
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RIL, BP secure oil supply tenders from Egypt
Reliance Industries (RIL) and its British partner BP secured large crude oil supply tenders from Egypt for 2013. Reports suggest that RIL secured the bulk (18 cargoes) on offer from EgyptÂ’s Ras Gharib terminal, winning around 1.5 million tonne of the heavy crude. BP managed to get 15 cargoes in 2013, amounting to 1.2 million
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Assocham for reforming duty structure in steel sector
Government received a request from industry body Assocham to remove the inverted duty structure prevailing in the steel sector. Assocham said the present duty structure between finished steel and Iron ore denies an opportunity to steel sector for value addition and it called for exemption iron ore i