Worker Dies in Incident at Tata Steel Site in South Wales
A worker died in an incident at the Tata Steel site at Port Talbot in South Wales on Wednesday, police and the company said."We have to report the sad news that a contractor colleague working at our Port Talbot site has died following an incident on the site today," Tata Steel Europe said on Twitter."Our thoughts are with his family and friends. A full investigation has been launched."South Wales Police said they had been called to the site shortly after 2 p.m, describing it as an isolated incident.We are now liaising with the Health and Safety Executive," they added.Neither Tata nor the police gave any details of what had happened.(Reporting by Michael Holden; editing by Stephen Addison)
Amsterdam Port Pushes Intermodal
The shipping companies and terminals in and around Amsterdam port are launching a range of initiatives for using rail more extensively for the transport of cargo, including containers and liquid bulk cargo.Recently Port of Amsterdam organised a rail freight transport breakfast session for clients and stakeholders who have an interest in rail freight transport. This is because the accessibility of rail freight transport in the Amsterdam port area is not a given and faces a clear…
Xeneta Launches Monthly Container Shipping Index
Ocean freight rate benchmarking platform Xeneta unveiled public indices delivering monthly insights on long-term ocean freight rate development.Oslo-based ocean freight rate benchmarking and market intelligence company is utilizing its database of over 85 million contracted freight rates to deliver a unique monthly snapshot of long-term rate developments in the container industry.The new Xeneta Shipping Index (XSI) Public Indices report, launching today, provides a detailed overview of the busiest global trade corridors…
Port of Amsterdam to Build Europe’s Biggest Hydrogen Cluster
Nouryon (formerly AkzoNobel Specialty Chemicals), Tata Steel and the Port of Amsterdam have joined together to study the feasibility of a large green hydrogen cluster in the Amsterdam region.According to a press release, the three parties consider green hydrogen as vital for reaching climate targets and building a more circular economy, for example by combining it with emissions from steel manufacture to make new products.As a first step, the parties will study the feasibility of a 100 megawatt water electrolysis facility to produce up to 15…
Thyssenkrupp Taps Kerkhoff as Interim CEO
Chief Financial Officer Guido Kerkhoff was named interim CEO of Thyssenkrupp on Friday and won the backing of the German industrial group's biggest shareholder, as the search began for a permanent replacement for Heinrich Hiesinger.Hiesinger quit last week after failing to win unanimous shareholder backing for a deal to create a steel venture with India's Tata Steel.Kerkhoff, 50, will run the company until the process of finding a Hiesinger's replacement is completed, Thyssenkrupp Chairman Ulrich Lehner said…
Steel Trade: Thyssenkrupp Restructuring After Steel Deal
Thyssenkrupp Chief Executive Heinrich Hiesinger said he would restructure the German industrial conglomerate further after signing a long-awaited deal to merge its steel assets with those of India's Tata Steel.The steel merger, which will create Europe's second largest steel business with annual sales of 17 billion euros ($19.8 billion), was finally sealed last weekend after two years of at times difficult talks.Seeking to manage expectations before a strategy presentation to the supervisory board next week…
Thyssenkrupp Hails 'Fair' Tata Steel JV
Germany's Thyssenkrupp called a landmark joint venture thrashed out with India's Tata Steel "fair" on Monday, although the updated terms disappointed some shareholders.After two years of at times fraught talks, the two steel firms finally signed a deal on Saturday to create Europe's No.2 steelmaker with 17 billion euros ($20 billion) in sales, marking the sector's biggest tie-up in more than a decade.Thyssenkrupp boss Heinrich Hiesinger had come under pressure from activist shareholders Cevian and Elliott to seek a better deal, who argued that a recent weakness in Tata Steel's European business meant terms needed to be changed in Thyssen's favour.That resulting value gap…
Xeneta Rolls-out Container Shipping Index
Xeneta, the leading ocean freight rate benchmarking and market intelligence platform, is launching a product offering that aims to transform the way shippers, freight forwarders and carriers conduct freight rate negotiations. The Oslo headquartered firm has created a new offering, Xeneta Shipping Index (XSI) that allows all parties to set rates at transparent, efficient and fair prices that directly follow market fluctuations. This ensures all stakeholders get the right price for their products and services, relationships are improved and complex, time-consuming negotiations become efficient.
Oldendorff Conducts Trial Transshipment in India
German shipping company Oldendorff Carriers has conducted a new transshipment operation of coal between two vessels, in the deep, protected water of the Andaman Islands within the Bay of Bengal, India. The Andaman Islands are an Indian archipelago in the Bay of Bengal. There are roughly 300 islands, which are known for their palm-lined, white-sand beaches, mangroves and tropical rainforests. However, it was the deep and protected water that attracted Oldendorff Carriers to the Andaman Islands.
Liberty House Eyes ABG Shipyard
UK-based global metals and engineering firm controlled by billionaire Sanjeev Gupta Liberty House Group is planning to buy-out India's debt-laden ABG Shipyard. According to a report in the Business Standard, Liberty House has proposed a new business model to the National Company Law Tribunal (NCLT) as part of its acquisition plan of ABG Shipyard. The plan includes a ship breaking facility, along with the existing shipbuilding and repair space. The newspaper report quoted sources saying that the negotiations are on. There will be more clarity on the deal soon.
British Gov't Met Potential Buyer for Tata Steel UK
The British government opened talks on Tuesday with potential buyers for Tata Steel's UK operations, including Sanjeev Gupta's commodities company Liberty Group, as it stepped up its battle to find a buyer for the loss-making business. Accused by opposition lawmakers of being "asleep at the wheel" when India's Tata Steel put its entire British operations up for sale last week, Prime Minister David Cameron also met ministers to discuss the options for a business which employs 15,000 people. Britain's business minister Sajid Javid met with Gupta in London to establish how firm his interest was in the business. He was later due to fly to Mumbai to meet Tata Chairman Cyrus Mistry to agree the process for a sale.
Tata Steel to Sell Entire UK Operation
Britain's largest steelmaker Tata Steel Ltd is expected to announce the sale of its entire UK business, BBC reported citing union sources. Tata Steel's decision was made at Tuesday's board meeting in Mumbai, BBC said. Britain's steel industry has been struggling since European Union steel prices hit their lowest since 2004. Earlier in January, Tata Steel said it would cut 1,050 UK jobs including 750 jobs at Port-Talbot-based operations in Wales. About 4,000 British steel jobs were lost in October 2015 alone, equivalent to about a fifth of the sector's workforce. (Reporting by Sangameswaran S in Bengaluru; Editing by Bernard Orr)
Odisha’s Paradip Port on the Verge of Closure?
Odisha Cooperation and Excise Minister Damodar Rout today alleged that there has been a big conspiracy to curtail the business of Paradip port in Odisha. He said the Central government has knowingly hatched a conspiracy to make Odisha’s Paradip port defunct. Dr. Rout said the Port which bagged the Peacock award for handling the highest cargo traffic last year is now facing an alarming situation of reduced traffic handling. Rout said: "After the Adani group had taken over the control of Dhamara port from L&T…
First Ocean Vessel of 2015 Arrives at Port of Indiana
The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals the official opening of the port’s international shipping season. Port officials welcomed 2015's first ocean vessel on Monday with a ceremony presenting the Ports of Indiana "Steel Stein" to the ship's captain. "Our port is open year-round handling Great Lakes ships and river barges, but the first ocean vessel of the year signifies the opening of Northwest Indiana's gateway to the world," said Port Director Rick Heimann.
Rio Tinto Pulls Plug on Mozambique Coal Venture
Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending its ill-fated venture in Mozambique's coal sector. The sale of Rio Tinto Coal Mozambique to International Coal Ventures Private Limited (ICVL), includes the Benga coal mine and other projects in Tete province, assets that had a value of $71 million as of March 31 in Rio's books. In 2013, Rio Tinto sacked its chief executive…
India May Appeal Parts of WTO Steel Ruling
India said on Tuesday it may appeal against parts of a World Trade Organization ruling against countervailing U.S. duties on some of its steel exports, despite being partly vindicated in a trade dispute. States impose countervailing duties, or punitively high import tariffs, when they suspect another country of gaining an unfair trade advantage through subsidies. The WTO, ruling on the April 2012 case, said on Monday that the United States had acted wrongly in claiming some Indian subsidy programmes had given steelmakers such as Tata Steel an unfair advantage. "Important issues have been in our favour but there are still some issues on which we are not happy," India Commerce Secretary Rajeev Kher told reporters. "There are several procedural issues which are in U.S.
Tata Steel is crowning glory of HMS Queen Elizabeth
Today’s naming ceremony of the aircraft carrier HMS Queen Elizabeth marks a major milestone in Tata Steel’s 12-year involvement in the project. In that time the company has supplied 40,000 tonnes of steel and developed three entirely new grades of lighter and stronger steel specifically for the future flagship of the Royal Navy. Tata Steel will also supply steel for the second carrier, HMS Prince of Wales. The naming ceremony will come five years after the first steel was manufactured…
East Coast India Ports Climb in the Ring: Analysis
Adani Ports has acquired an interest in Dhamra Port, situated between the major ports of Haldia and Paradip. Adani Ports and Special Economic Zone recently announced the much-anticipated acquisition of Dhamra Port Company Limited (DPCL), a joint and equal ownership by Larsen and Toubro and Tata Steel. DPCL is a concessionaire at Dhamra Port (in the state of Odisha on the east coast of India) and has been entrusted with the responsibility of building and operating a multi-user, multi-cargo port. DPCL holds a 34-year concession which can be renewed for two additional 10-year periods.
ONGC bags Dun & Bradstreet Corporate Excellence Award - 2014
ONGC was honored with the prestigious corporate award – ‘The Dun & Brandstreet Corporate Excellence Award’ for its stellar management and leadership on May 28,2014. ONGC received the award for excellence in the Oil and Gas Production sector. Mr A K Jain, Executive Director, Chief- Offshore Engineering Services, received the award on the behalf of the organization. In all, there were 46 sectors which were recognized for their excellence and these were chosen among the top 500 companies of India, by the primary yardstick of their contribution to India’s GDP.
Supply Chain & Logistics Excellence Awards A Big Hit
CII-Institute of Logistics, as a part of its continuous endeavor in driving excellence and enable in sharing best practices in logistics and supply chain management organized the maiden Supply Chain And Logistics Excellence (SCALE) Awards on 21 & 22 May 2014 at Mumbai. The Award comprised 10 categories in logistics service industry and 4 in user industry. Awards list enclosed. R Dinesh, Chairman, CII Institute of Logistics Advisory Council, Chairman SCALE Awards & JMD, TVS Sons…
San Pedro Port Seeks $1.65b for Expansion
Ivory Coast's port of San Pedro is seeking 777 billion CFA francs ($1.65 billion) from private partners to fund upgrades that aim to make it one of West Africa's top shipping hubs, including for iron ore and nickel, the transport minister said. San Pedro is already the world's leading port for cocoa exports, shipping more than half of total output from Ivory Coast, the top producer of the chocolate ingredient. It also exports coffee, palm oil, timber and cotton. But the government of President Alassane Ouattara wants to make the port the centrepiece of an ambitious plan that would see more than 8 trillion CFA francs invested in the development of the country's predominantly agricultural western regions.
Study: Outlook Strong for Offshore Pipe Industry
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel, a supplier of innovative deep-water pipe line solutions. The study, conducted by Europe’s second largest steel producer, points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations which will continue to drive offshore developments. The study highlights the growth in deepwater developments in Africa and Europe as signs that the offshore pipe line industry is set to continue its recovery.
Tata Steel Showcases Deepwater Pipeline Solutions at OTC
Tata Steel will demonstrate at this year’s Offshore Technology Conference (OTC) in Houston May 6-9, 2013. Tata Steel’s pipeline packages include double submerged arc welded (DSAW) line pipe, manufactured at the 42-inch mill in Hartlepool, which the manufacturer claims is equipped with the strongest edge crimping and ‘O’ press combination in the world. This enables the manufacture of thicker wall DSAW pipes even in smaller diameters for withstanding the extreme collapse pressures in the deepest waters.