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Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
 COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dry bulk terminals set up at a cost of approx Rs. 800 crores (US$ 170.447 million), according to Essar's website.
About Hazira port
- With 30MTPA, Hazira becomes one of the top dry bulk ports of India
- India' second largest private port operator with 76MTPA capacity, going up to 158MTPA by FY2013.
- MV Malavika, a 53,000-DWT vessel, became the first Supramax to berth at the newly constructed, all-weather berth
- The channel is being deepened further to bring in large vessels up to 105,000 DWT
- Direct berthing of vessels at the terminal all year round
Hazira: Essar Shipping Ports & Logistics Ltd's 30 MTPA state-of-the-art bulk terminal became operational with the berthing of the first supramax vessel - M.V. Malavika. The all-weather, deep water terminal at Hazira is one of India’s largest dry bulk terminals.
With the commissioning of this facility, Essar’s total cargo handling capacity, between Hazira and Vadinar, has now increased to 76 million tonnes per annum, making Essar one of India’s largest private port operators. The terminal, which started commercial operations this month, has been set up at a total cost of approximately Rs 800 crores.
Commenting on this milestone, Capt. S. Das – CEO, Essar Bulk Terminal Ltd (EBTL), said: “I am delighted that with the commissioning of this facility, Hazira will find a pride place on the global map of terminals. This also firmly establishes EBTL’s credential to build and operate large terminals. This facility can now become the gateway terminal of Gujarat for deep draught vessels”.
The terminal, with a 550-m long berth, is capable of accommodating larger vessels directly alongside the berth throughout the year, resulting in quicker turnarounds and reduced dependence on current lighterage operations.
This terminal facility will serve as a fully integrated transportation hub that will not only support Essar Steel Hazira’s expanded steel-making capacity of 10 MTPA but will also result in faster services and substantial savings for other trade and terminal users.
The terminal is connected to the high seas of the Gulf of Khambatt by a 7.2-km navigation channel with a width of 230 M and a depth of 8 M below chart datum (CD). The dredged channel, which is being widened and deepened further, will soon be able to accommodate mini cape-sized vessels up to 105,000 DWT.
The commencement of the facility coincided with Gujarat’s 50th anniversary and celebration of Swarnim Gujarat.(1 INR = 0.0213059 USD).
About Essar Group
The Essar Group is a multinational conglomerate and a leading player in the sectors of Steel, Oil & Gas, Power, Communications, Shipping Ports & Logistics, Construction and Minerals. With operations in more than 20 countries across five continents, the Group employs 60,000 people, with revenues of USD 15 billion. For more information, visit www.essar.com
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Friday, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
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