• 2017 October 11 17:04

    Essar Ports registers 19% growth in cargo handling in H1 FY17-18

    Essar Ports handled 17.35 million tonnes of cargo in the first half of FY 2017-18, registering 19% growth when compared to the cargo handling in the corresponding period in FY 2016-17. The company also registered 7% growth in cargo handling in the quarter ending 30 September 2017, when compared to the same period in the previous fiscal, the company said in its press release.

    Essar Ports, which has recently completed sale of its Vadinar Oil terminal to Essar Oil Limited as part of Essar Oil’s sale to Rosneft, and a consortium led by Trafigura and UCP, has three operational ports in Hazira, Vizag and Paradip. All three ports registered healthy growth in cargo handling in the first half of the current fiscal.

    The substantial growth in traffic came on the back of an improving steel market, leading to enhanced capacity utilisation of Essar Steel, which is Essar Port’s anchor customer.

    The traffic growth was also helped by the 50% increase in third-party cargo volumes during the first half of FY 2017-18.

    The iron ore terminal at Vizag Port surpassed past benchmarks and was able to deliver productivity in excess of 60,000 TPD. The productivity is expected to be in excess of 100,000 TPD in Q3 of FY 2017-18.

    In the third quarter, Essar Ports is also expected to commission its terminal facility in Vizag Port on the east coast of India.

    About Essar Ports
    Essar Ports specialises in development and operations of ports and terminals for handling liquid, dry bulk, break bulk and general cargo. It is one of the largest private sector port companies in India in terms of capacity and throughput. It has three operational terminals in India—in Hazira on the west coast, and in Visakhapatnam and Paradip on the east coast. The current operational capacity of the port terminals in India is 82 MTPA, which is expected to increase to 110 MTPA in 2017-18.




2017 October 23

18:06 Ocean Change requires solutions - UN Oceans Envoy
17:50 Passenger Port of St. Petersburg welcomed one cruise ship last week
17:36 Hyundai Heavy Industries contracts Kelvin Hughes to supply I Band and E/F Band SharpEye™ radars
17:06 Yang Ming provides North Europe-East Med Express
16:46 Cruise shipping season closes in Kiel
16:44 Black Sea Fleet major amphibious ship Azov completed visit in Pylos, Greek port
16:16 RF Ministry of Industry and Trade is planning subsidies to cover costs on construction of shipbuilding complex “Zvezda”
15:55 Cargo transportation by Ukraine’s water transport down 12.3% to 4.2 mln t in 9M’17
15:28 Szczecin and Świnoujście Seaports Authority announces 6.3-pct growth of cargo handling
15:03 Wärtsilä to supply waterjets for a new high speed ferry for Naviera Armas
14:32 Krasnoye Sormovo shipyard launches third chemical carrier of Project RST27М built for BF Tanker
14:03 HHLA Container Terminal Tollerort puts into service three gantry cranes
13:37 305 units of large-size equipment for ZapSibNeftekhim delivered in navigation period of 2017 (photo)
13:10 Average wholesale prices for М-100 HFO down to RUB 12,170 in RF spot market
13:00 TTS Group ASA secures two new contracts with Cosco (Dalian) Shipyard for delivery of two shipsets of cargo cranes and two shipsets of hatch covers
12:56 Port of Helsinki number of international cruise ship passengers up to 478,000 in 2017
12:47 WMU President delivered keynote opening address of Maritime Conference Bahamas 2017
12:26 Mexican port security officials undergone training on complying with IMO’s ISPS Code
11:58 ESL Shipping's LNG-powered dry cargo vessel Haaga successfully launched at Jinling Shipyard
11:31 Seatruck installs its own Optimarin BWT systems during normal service
11:15 Damen and Corrosion host anti-fouling seminar
10:41 Valcom LLC supports conference “LNG Fleet and LNG Bunkering in Russia” as its Sponsor
10:20 Brent Crude futures price up 0.26% to $57.90, Light Sweet Crude – up 0.52% to $52.11
10:02 Nakilat announces financial results for third quarter of 2017
09:49 Vympel Shipyard launches lead high-speed passenger-carrying hydrofoil of project 23160, Kometa 120М (photo)
09:18 Baltic Dry Index up to 1,578 points
02:14 Essar Projects congratulates GMB for inauguration of India’s first Ro-Ro ferry project

2017 October 22

15:47 Navantia and General Electric sign a license agreement
15:45 Maersk Line lands award for sustainability collaboration
15:43 Scorpio Bulkers announces the financing of a Kamsarmax vessel in Japan
15:42 Aker Solutions ASA posts results for Q3 2017
15:39 General Dynamics NASSCO christens USNS Hershel “Woody” Williams
15:36 Nb. 445 ‘Snow Crystal’ launched at the Westerbroek yard of Ferus Smit
15:34 Wärtsilä signs maintenance agreement with GasLog LNG Services for eight LNG carriers

2017 October 20

18:31 Finnpilot Pilotage Ltd joins the ITS Finland network
18:10 Kari Wihlman appointed as Director-General of Finnish Transport Agency with effect from 1 January 2018
17:47 Rosmorport appoints Oksana Masyuk as Deputy Director for Economics and Finance of its Arkhangelsk Branch (photo)
17:19 Russian Railways's loading of export freight from ports increases by almost by 6% in 3 quarters of 2017
16:56 Scandlines Helsingborg-Helsingör expands capacity
16:28 USPA announced tender for construction of berth 1-z in Port of Odessa
16:03 Wärtsilä's asset and lifecycle management agreement lets GasLog concentrate on its core business
16:00 Wilson Sons Shipyards delivers SST-Aruá to SAAM SMIT
15:31 In 9M’17, TransContainer transported 1.31 mln TEUs, up 17.7% Y-o-Y
15:03 Otto Energy starts drilling of the ST 224 #1 well
14:29 Opening ceremony of Russian-Indian international Indra-2017 exercise held in Vladivostok
14:02 d’Amico International Shipping launches the first three LR1 vessels
13:30 Sea transport of Sevastopol carried 660,400 passengers in September 2017, down 3.2%, Y-o-Y
13:02 ICTSI orders hybrid RTGs for Manila flagship
12:44 Draft procedure for investment port duty assessment is available at federal portal for legal information (document)
12:22 Aker Solutions wins order for world's largest umbilicals system
12:19 APL starts new Korea China Straits service
12:05 LNG reloading station of Klaipėdos nafta applies highest safety standards
11:37 Major ASW ship Vice Admiral Kulakov enters the port of Alexandria
11:08 Zvezda Shipbuilding complex, Rosnefteflot and Taimyrneftegaz agreed to build and operate 10 Arctic shuttle tankers
10:43 Conference “LNG Fleet and LNG Bunkering in Russia”: registration is underway
10:20 Brent Crude futures price up 0.24% to $57.37, Light Sweet Crude – up 0.33% to $51.46
09:59 Innovative passenger catamaran Grifon presented in Saint-Petersburg (photo)
09:32 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index up to 1,582 points

2017 October 19

18:01 Record shipment marks ABP Ipswich and Glencore support of UK farmer