PTI reported that Essar Shipping is planning to convert around INR 800 crore of total INR 5,500 crore debt into dollar loans to bring down the interest burden. Mr AR Ramakrishnan MD of Essar Shipping said that "We are planning to convert ...
Tags: interest burden, financing cost, domestic and foreign banks
IDV Solutions has updated Visual Command Center with new features to help security departments identify risks, interrogate threats, and initiate action. Visual Command Center is risk visualization and response software for protecting ...
Tags: IDV Solutions, security, software, weather alerts, IT industry
During the SteelOrbis fall 2012 conference&67th IREPAS meeting held in Munich on September 30-October 2,Peter Marcus from World Steel Dynamics(WSD)has assessed the current situation in the world steel industry and provided an outlook for ...
Tags: SteelOrbis, 67th IREPAS meeting, Munich, WSD
August 13,2012--India's cement industry is one of the largest in the world.In-line with the country's economic growth,the cement industry is witnessing boom.Growth in cement industry in India is backed by strong demand from retail,housing ...
Container freight rates for shipping from China to Europe (Far East Westbound) did not meet the target of US$4,000/40ft container that shippers had set for May shipments, a number of European importers note. Instead, shippers actually had ...
Tags: container freight rates, shipping, Far East Westbound, reductions
Reuters reported that Russian freight operator Globaltrans Investment has won the right to buy MMK-Trans a subsidiary of Magnitogorsk Iron & Steel Works. The Kommersant daily citing several sources reported that MMK owns a 50% in ...
Tags: freight operator Globaltrans Investment, MMK Trans, Russia
The final NSW Long Term Transport Master Plan has been released by the Minister for Transport, Gladys Berejiklian and Minister for Roads and Ports, Duncan Gay. The ministers said the master plan “brings together all types of ...
Tags: Gladys Berejiklian, Duncan Gay, Long Term Transport Master Plan
Minister for Infrastructure and Transport Anthony Albanese and Minister for Finance and Deregulation Senator Penny Wong have announced the establishment of the Moorebank Intermodal Company and the appointment of the chair and directors to ...
Tags: Moorebank Intermodal Company, Sydney, government business, logistics
As the sustainability trend continues and more companies turn to employees who are specifically trained in eco-friendly production, a growing number of colleges and universities are offering sustainability-related curriculum. In fact, more ...
Tags: Packaging, sustainability-related curriculum, Sustainable Innovation
Chinese demand for both Newcastle and Indonesian thermal coal was quiet Tuesday with high stockpiles and low domestic prices, sources said. The bid-offer spread has not narrowed and this is deterring deals, a Singapore-based source said. ...
Tags: thermal coal, FOB, NAR coal, CFR
A surge in mining activity and online retail sales in south east Queensland has prompted TNT Express to open a new freight facility in Brisbane’s north. The 5,000 m2 depot features a fully automated parcel sortation system ...
Tags: mining activity, online retail sales, automated parcel, parcels
The Asian isomer-mixed xylenes market reacted cautiously Wednesday following record highs seen in the US MX market overnight, with Asian prices moving up just 0.07% in early trading. The Asian isomer-MX market was pegged at $1,437/mt CFR ...
Tags: mixed xylene, xylene, isomer mixed, PX plant
ABB, the leading power and automation technology group, won an order worth almost USD 39 million from PKP Energetyka SA the main power supplier to railway operators in Poland, to deliver rectifier units for DC traction substations. This is ...
Tags: railway operators, ABB, railway industry
The Government of India approved two packages in November/December 2011 for the handloom weavers of the Country. The first package is for loan waiver of overdue loans and interest of handloom cooperative societies and individual weavers as ...
Sims Metal Management Limited the world's largest listed metal and electronic recycling company announced the sale, effective November 30th 2012, of its Arizona scrap metal recycling assets to SA Recycling LLC. SAR is a joint venture owned ...
Tags: scrap metal recycling, metal and electronic recycling company