India overtakes Japan as second largest steel producer

The January to November crude steel production statistics released by the World Steel Association indicate India as the second largest steel producer in the world, overtaking Japan for the second month in a row, with a growth rate of 4.9%.

Figures by worldsteel’s October Short Range Outlook also find likely that India will become #2 in steel use by the end of 2019 with an increase in steel demand by 7.3%, Adam Szewczyk, Head, Data Management, World Steel Association, informed.

Namely, India’s...

India’s imports of liquefied natural gas (LNG) experienced an increase in December. This month’s grow, reflects the first increase following a decrease for two straight months, according to data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC).

Specifically, India imported 2.17 billion cubic metres of LNG, meaning approximately 1.55 million tonnes on December, highlighting a rise of 4.7% year-on-year.



Additionally, the costs of the imports...

India watchdog orders DP World, Maersk units to withdraw some notices to clients

India’s antitrust watchdog has ordered Denmark’s A.P. Moller-Maersk and Dubai’s DP World to withdraw certain customer advisories which it said could hamper growth of the country’s largest container port in Mumbai, a document seen by Reuters showed.

The Competition Commission of India (CCI) last year ordered a probe into suspected antitrust violations by DP World DPW.DI and Maersk units at the terminals they operate at state-owned Jawaharlal Nehru Port Trust (JNPT).

Handling 66 million tonnes of...

ReCAAP ISC uses Data Analytics to analyze piracy incidents

ReCAAP ISC uses Data Analytics to analyze piracy incidents
In 2018, ReCAAP ISC started using Data Analytics to provide a deeper analysis of incidents based on the data it gathered in the last 12 years from 2007-2018. The report provides insights for incidents reported in the whole of Asia, Bangladesh, Indonesia, India, Vietnam, South China Sea (SCS) and Straits of Malacca and Singapore (SOMS).

The analysis gives emphasis on the number of perpetrators, weapons carried by perpetrators, treatment of crew by perpetrators, items stolen, type of ships...

Global seaborne coal trade increased by 3.7% in 2018, German importers

World’s coal seaborne trade increased by 3.7% in 2018, because of higher input in India, Indonesia and Russia according to Germany’s Verein der Kohlenimporteure (VDKI) coal importers, as stated by Reuters. Imports and exports rose to 1.202 billion tonnes from 1.159 billion tonnes in 2017, VDKI Managing Director, Franz-Josef Wodopia, noted.

Specifically, from the overall result, trade in steam coal that was used in power stations increased by 920 million tonnes.



Indian Register of Shipping (IRClass) Signs MOU with the Government of Assam for World Bank funded inland water transport project

IRClass personnel signing the MOU with the Government of Assam

The Indian Register of Shipping (IRClass) and the Government of Assam, a key state in India’s north-east, has signed a Memorandum of Understanding (MoU) to further enhance the state’s inland water transport (IWT) system to improve commuter safety.

The MOU follows the funding agreement between the Government of Assam and the World Bank to modernize and transform inland water transport in the state which has the largest network of...

Soybean products exports fall in India

However, impressive growth in shipments to Iran following renewed payment mechanisms

Exports of soybean meal and other value-added products from soybean recorded a decline of 2.3 per cent at 6.74 lakh tonnes for the first quarter (October to September) of the current oil year 2018-19 as against 6.90 lakh tonnes in the same period last year.

“The export of soybean meal and other soy value-added products during first quarter of current year was 6.74 lakh MT as against 6.90 lakh tons during the...