Sky-high US tariffs are prompting India and Brazil to explore opportunities to boost oil trade, as New Delhi looks for alternatives to Russian oil, while Brazil scouts for newer markets for its growing crude output, according to S&P Global Commodity Insights. Russian oil flows to India continue, but Indian refiners are preparing for the worst...
Tag: Paradip
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Essar PortsÂ’ cargo traffic grows by 25percent in FY 2016-17
EssarPorts, which operates port terminals on the east and west coasts of India, hasrecorded a 25 percent growth in cargo traffic in FY 2016-17.
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Iron ore shipments up 154percent through Major Ports
Iron ore cargo through Major Ports has logged the sharpest growth among all commodities in the April-December period. Till the end of December, iron ore shipments were up from 12.7 million tonnes (MT) to 32.4 MT, a rise of 154 per cent.
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Cargo traffic at Major Ports grows by 5.2percent
Major Ports in India handled 315.4 MT of cargo during the first six months of FY2016-17 (April-September) and showed a positive growth of 5.1 per cent as compared to the same period last year. The cargo traffic handled by the Major Ports during the same period last year was 299.5 MT. This improvement of performance is the result of many measures initiated by the Ministry of Shipping to improve the performance of the ports.
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Turnaround time in Indian major ports is a matter of concern
The current cargo handling capacity of Essar Ports is 150 MTPA. Essar Ports specialises in development and operations of ports and terminals for handling liquid, dry bulk, break bulk and general cargo.
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We need to build an institutional framework of ties for coastal shipping to really takeoff.
Deepak Shetty, DG, Shipping & Additional Secretary, Government of India, Ministry of Shipping, tells Rouhan Sharma that the framework of a hub and spoke model under the Sagar Mala project
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Paradip plant to be major petrochem feedstock supplier: IOC
The upcoming refinery of state-run Indian Oil Corporation (IOC) at Paradip would be a major producer of feedstock for the downstream petrochemicals industry, a top official of the company said.
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Essar terminal at Paradip gets land
The Odisha Industrial Infrastructure Development Corporation (IDCO) has initiated the process to handover land identified for a coal terminal of Essar Steel at Paradip after getting green signal from the government.
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Odisha inland waterway to be ready in three years
The proposed inland waterway linking Kalinganagar industrial area, and eventually Talcher, to Paradip and Dhamra ports is to be ready in three years. The state government signing an MoU with the Inland Waterway Authority of India (IWAI) and the two ports in the state capital.
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Cargo throughput up by 2.59% to 277 mt
In India's major ports the cargo throughput grew 2.59 per cent to 277 million tonne (mt) in first half of the present financial thanks to the growth at Ennore, Paradip and New Mangalore, said the agency Icra on December 11. Coal imports, petroleum oil and lubricants (POL), and fertilisers drove the volume growth, while iron ore and container volume dragged the overall growth, Icra said.
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