US Oil Exports to India Soar Ahead of Iran Sanctions
U.S. crude oil exports to India hit a record in June and so far this year are almost double last year's total as the Asian nation's refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration.U.S. President Donald Trump's administration has been pressuring its allies to cut imports of Iranian goods to zero by November and India's shift advances the U.S. administration efforts to use energy to further its political goals.The United States has become a major crude exporter…
India's Oil Imports Reach Record High in January
India imported a record 4.93 million barrels of oil per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed. The world's third-biggest oil importer shipped in 13.6 percent more oil in January than a year earlier and about 12.5 percent more than the previous month, the data showed. Imports in January were high as state-run refiners, which operate two-third of India's nearly 5 million bpd capacity…
Indian Oil Aims for LNG Import Capacity of 13.5 Mln T in 5 Years
State-owned Indian Oil Corp Ltd aims to have capacity to import about 13.5 million tonnes of liquefied natural gas (LNG) in five years, its head of business development said on Friday, helping India to gradually move to a gas-based economy. Prime Minister Narendra Modi's government wants to raise the share of natural gas in India's energy mix to 15 percent in the next few years from about 6.5 percent now. "We hope to have 13-13.5 million tonnes in a phased manner in about five years," G.K. Satish said.
APM Terminals Pipavav Welcomed Inaugural Container Train Service
APM Terminals, Pipavav received the inaugural container train from Rail Container Terminal [RCT], Vadodara carrying Glass Materials, Syringes, Led Bulb, flexible intermediate bulk container [FIBC] Jumbo bags, Plastic Articles for export. Operated by Container Corporation of India [CONOCR], the inaugural trip of the container train service was welcomed by officials from Railways, CONCOR, APM Terminals and Liners. Vadodara is the trade Center of western India having industries like Petrochemicals, Engineering, Chemicals, Pharmaceuticals, Plastics, IT and Foreign exchange services amongst others.
37 Piracy Incidents in Q1, Says IMB
Worldwide, International Maritime Bureau (IMB) recorded 37 piracy and armed robbery incidents in the first quarter of 2016, down from 54 in the same period last year. Three vessels were hijacked and 29 boarded, with 26 crew kidnapped for ransom and a further 28 held hostage. As piracy on the world’s seas continues to fall, new figures from the International Chamber of Commerce (ICC) and IMB highlight growing violence off the coast of West Africa, where 44 seafarers have been captured so far this year.
Violent Attacks Worsen in Seas Off West Africa - IMB
As piracy on the world’s seas continues to fall, new figures from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) highlight growing violence off the coast of West Africa, where 44 seafarers have been captured so far this year. Worldwide, IMB recorded 37 piracy and armed robbery incidents in the first quarter of 2016, down from 54 in the same period last year. Three vessels were hijacked and 29 boarded, with 26 crew kidnapped for ransom and a further 28 held hostage.
APM Terminals Pipavav Reaches Out to the Physically Challenged
APM Terminals Pipavav one of Western India’s gateway ports, in association with Shri Bhagwan Mahavir Viklang Sahayata Samiti (BMVSS), Ahmedabad; SBI Mutual Fund and Shri Somnath Trust successfully organized a camp for the physically challenged individuals of Amreli of Rajula, Jaffrabad, Khamba, Savarkundla and Mahua villages. The camp was inaugurated by Mrs. Heenaben Shah, Director, APM Terminals Pipavav, Mr. P.K. Lehri, Director, APM Terminals Pipavav and Mr. Lalitbhai Jain, Chairmen BVMSS.
Industry Award for APM Terminal Pipavav
APM Terminals Pipavav (Gujarat Pipavav Port), one of western India’s fastest growing gateway ports has been awarded the Inland Container Depot (ICD) Preferred Terminal of the year at the 4th edition of the Gujarat Star Awards held in Ahmedabad. The port has been given this award for two consecutive years. Last year the port was awarded “ICD preferred port of the year 2014” at the 3rd Gujarat Star Awards. APM Terminals Pipavav received this award as it has always maintained highest standards of operational performance, year-on-year growth, hi-tech facilities and customer satisfaction.
APM Terminals Pipavav Handles 10,000 TEU vessel
Gujarat Pipavav Port Ltd (APM Terminals Pipavav) announced the successful berthing of the largest container vessel with capacity of approximately 9,971 TEUs in the history of the port. Maersk Saltoro is the largest container ship (981 feet long) ever to call at APM Terminals, one of western India’s fastest growing gateway ports. "The berthing of Maersk Saltoro, at nearly 10,000 TEUs capacity, reaffirms APM Terminals Pipavav’s operational capabilities and infrastructure,” said Keld Pedersen, managing director of APMT Pipavav, in a written statement.
APM Terminals Pipavav Starts New Ro/Ro Service
With 1,300 new Indian-built Ford automobiles loaded onto the Grand Dahlia on August 27th for delivery to Mexico, a new era for the Indian auto industry and Gujarat Port Pipavav commenced. The 59,217 gross ton roll on/roll off (Ro/Ro) vessel was the first to call Western India’s fastest-growing port, operated as part of the APM Terminals Global Terminal Network. APM Terminals Pipavav announced the inauguration of Ro/Ro operations at the multi-purpose port last June after concluding…
GAIL Tenders for LNG Cargoes
GAIL (India) Limited has launched two tenders for up to 17 cargoes of liquefied natural gas (LNG) for delivery in western India reports Reuters quoting trade sources. The company is seeking five cargoes for deliveries in October to December at its 5 million tonne per annum (mtpa) LNG terminal at Dabhol in Maharashtra, the source said. In a second tender GAIL is seeking delivery of one LNG cargo a month in 2016 at either Dabhol or Dahej LNG terminal in Gujarat state, the sources said. Petronet LNG operates the 10 mtpa Dahej plant.
Gujarat Pipavav Port Profit Jumps 16%
Gujarat Pipavav Port Ltd. (APM Terminals Pipavav), operating one of western India’s fastest growing gateway ports, today reported a 16% jump in net profit for the fourth quarter ended 31st December 2014, as against INR 771 million in the corresponding quarter last year mainly driven by an increase in reefer cargo exports as well as increase coal and fertilizer imports. Commenting on the results, APM Terminals Pipavav Managing Director, Mr. Prakash Tulsiani said: “Our container cargo is in the same range as the corresponding quarter of the previous year as we had an exceptionally great Q4CY13.