DP World Chennai inducts 4 RTGs at Chennai terminal

DP World Chennai, part of the Dubai-based DP World, has inducted four new Rubber Tyre Gantry (RTGs) at the Chennai container terminal. The new RTGs costing Rs 38 crore was procured from Gulf Port Cranes, Abu Dhabi. Mr Ennarasu Karnuesan, CEO, DP World Chennai, said the terminal is gearing up to handle around 1.30 million TEUs (twenty foot equivalent units) this calendar year.
The new RTGs will ensure that the trailers and vessels are turned around in the quickest possible time. The terminal already has a fleet of 24 RTGs, including some older ones. Vertically, the new equipment is capable of reaching a stacking high of six containers.
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Cooking oils import nearly trebles in Feb 2008

A tendency to buy more in order to hedge against sharp rise in prices led to cooking oil imports almost trebling during February. According to the Solvent Extractors Association of India (SEA), edible oil imports increased to 4.31 lakh tonnes (lt) against 1.51 lt during the same period a year ago.
The rise in edible oil imports when prices were ruling high in the global markets has also caught the industry by surprise.

China Eastern Airlines to enhance frequency on Delhi Sector

China Eastern Airlines has announced the commencement of its fifth flight out of Delhi. The new flight will commence, with effect from April 6, 2008. The announcement of the new flight is reflective of the significant growth in passenger traffic from Delhi to Beijing, the capital city of China as well as Shanghai – a city widely regarded as the citadel of China's modern economy. For customers, the new flight reinforces the need to have convenient travel options that can save them time and effort.

Export of Iron Ore exceeds domestic Consumption in 2006-07


During the year 2006-07, domestic steel industry consumed about 68.504 million tonne of iron ore (Estimated), whereas 93.79 million tonne of iron ore was exported (Provisional). Government has been receiving pleas from some sectors especially steel manufacturers for regulating the export of iron ore.

Government of India has imposed an export duty of Rs. 300/- per tonne on export of all varieties of Lumps and on export of iron ore fines having Fe content more than 62%. Export duty of Rs. 50/- per tonne has been imposed on iron ore fines having Fe content 62% and below. This information was given by the Minister of State for Steel, Dr. Akhilesh Das in a written reply in the Rajya Sabha today.