Vessels in port
First-ever shipment of US crude oil to India arrives at Odisha’s Paradip Port
India received its first ever shipment of US crude oil with state-owned Indian Oil Corp (IOC) importing a 1.6 million barrels parcel at Paradip in Odisha. MT New Prosperity, a very large crude carrier (VLCC), with a capacity to haul two million barrels of crude, left US Gulf Coast on August 19 and arrived at Paradip port. “IOC will process the crude at its refineries located at Paradip, Haldia (in West Bengal), Barauni (in Bihar) and Bongaigaon (in Assam),” the company said in a statement. A function was held at the Paradip port to mark the arrival, which was attended by officials of IOC, oil ministry and the US Embassy. “IOC, which became the first Indian public sector refiner to source US crude, has placed a cumulative order 3.9 million barrel (of US crude),” it said. State-owned Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have also placed orders for about 2.95 million barrels and 1 million barrels of US crude respectively for their Kochi and Vizag refineries. http://www.hellenicshippingnews.com/first-ever-shipment-of-us-crude-oil-to-india-arrives-at-odishas-paradip-port/
Coal India plans JV with Paradip Port
State-owned Coal India is planning joint venture with government-controlled Paradip Port to sell blended coal as per consumer’s requirement for better value realisation. CIL offers source-specific linkages for raw coal to power generation utilities. The company has subsidiary-based notified prices for different types of coal determined by gross calorific value (GCV).
‘Container handling facility at Paradip port within 6 months’
A container handling facility would be set up at Paradip port within six months to boost exports from Odisha, Union Commerce Secretary Rita Teaotia said on June 4, 2016. Teaotia, who met Chief Minister Naveen Patnaik here, said the government would adopt a positive approach in dealing with issues raised by the state, according to a release from the Chief Minister’s Office. The state government also shared its views on export promotion with the ministry officials. “Odisha has a great tradition of export and today also the state has much potential. “Both the state and Central government are committed for infrastructural development in the state. We need to work together in close collaboration to sort out the regulatory issues and expedite the completion of the projects,” Teaotia said. Joint Secretary, Commerce, Sanjaya Chadha said the Odisha government has taken a number of steps for promotion of exports.Upload News