Essar Shipping eyes fleet expansion

The Hindu Businessline | December 10, 2017 Essar Shipping Ltd is weighing plans to expand and diversify its fleet by acquiring a panamax size bulk carrier, a medium range oil tanker, and a Suezmax carrier, said Ranjit Singh, Executive Director and Chief Executive Officer… Source:http://www.thehindubusinessline.com/economy/logistics/essar-shipping-eyes-fleet-expansion/article9988426.ece

2017-12-11T10:31:06+00:00 December 10th, 2017|Non Agri Commodities|

India on the verge of a looming soil crisis, say experts

The Hindu Businessline | December 10, 2017 India is on the verge of a looming soil crisis which can potentially impact its agriculture in the near future, says a report. A third of the total 350 million hectares has already turned problematic… Source:http://www.thehindubusinessline.com/economy/agri-business/india-on-the-verge-of-a-looming-soil-crisis-say-experts/article9988417.ece

2017-12-11T10:30:15+00:00 December 10th, 2017|Non Agri Commodities|

Bill proposes Rs 10 Lakh penalty for violation in ship recycling

Economic Times | December 10, 2017 The shipping ministry has proposed a Bill that will make it mandatory for ships to carry out all recycling activities in a safe manner and as per global practices and said any violation in this regard could attract a fine of Rs 10 lakh and six-months imprisonment... Source:https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/bill-proposes-rs-10-lakh-penalty-for-violation-in-ship-recycling/articleshow/62007365.cms

2017-12-11T10:28:39+00:00 December 10th, 2017|Non Agri Commodities|

Now’s the right time to buy steel stocks

Metal Junction | December 07, 2017 Analysts expect a robust second half for domestic steel companies on account of supply cuts imposed by the Chinese government beginning November 15 on its key steel producing provinces (forming 50 per cent of total Chinese steel output) due to environmental reasons (read winter), which can extend till May-June… [...]

2017-12-08T10:13:37+00:00 December 7th, 2017|Non Agri Commodities|

RINL-Visakhapatnam Steel Plant registers a 31% growth in turnover to Rs 9,650 crore

Economic Times | December 06, 2017 RINL-Visakhapatnam Steel Plant has registered a 31% growth in turnover to Rs 9,650 crore during April-November’17 compared to the same period last year.The plant also reported a 15% increase in saleable steel production to 2.76 million tonne during April-November 2017 compared to 2.4 mt in the same period last [...]

2017-12-07T10:26:19+00:00 December 6th, 2017|Non Agri Commodities|

India to phase out import of ‘petcoke’ after investigation revealed vast exports from US

Economic Times | December 06, 2017 India's government says it plans to phase out imports of a dirty fuel known as petroleum coke, or "petcoke," after an Associated Press investigation found US oil refineries are exporting vast quantities of the product to India. But when it comes to domestic use, the government seems to be [...]

2017-12-07T10:25:33+00:00 December 6th, 2017|Non Agri Commodities|

MCX-Sohan Lal row may hit mentha oil deliveries

The Hindu Businessline | December 05, 2017 The dispute between commodity bourse MCX and its warehouse service provider Sohan Lal Commodity Management (SLCM) appears headed to the court. This can disrupt physical delivery of mentha oil. To ensure smooth delivery of mentha oil, MCX has filed a case against SLCM in the Bombay High Court. [...]

2017-12-06T10:35:54+00:00 December 5th, 2017|Non Agri Commodities|

IOC evaluates Rs 20K-cr coke gasification project at Paradip

Economic Times | December 05, 2017 Indian OilBSE -0.38 % Corp (IOCBSE -0.38 %), the nation's biggest oil company, is evaluating setting up a Rs 20,000-crore coke gasification project at its Paradip refinery in Odisha to convert the lowest-cost fossil fuel into gas that can be used to generate power or make petrochemicals… Source:https://economictimes.indiatimes.com/industry/energy/oil-gas/ioc-evaluates-rs-20k-cr-coke-gasification-project-at-paradip/articleshow/61932693.cms

2017-12-06T10:33:47+00:00 December 5th, 2017|Non Agri Commodities|