mumbai port

Mumbai VLSFO At Rare Price Parity With Singapore

Credits: Esmonde Yong/ Unsplash
  • Mumbai’s VLSFO is currently priced $5/mt higher in Mumbai than in Singapore.
  • The port’s VLSFO premium over Singapore peaked at about $92/mt at the beginning of November. 
  • Prompt VLSFO and LSMGO stems have been readily available with suppliers in Mumbai, as they have been in recent months.

VLSFO availability in Mumbai has been more stable in recent months compared to other regional ports such as Singapore and Fujairah, where the grade has been harder to secure for...

https://mfame.guru/mumbai-vlsfo-at-rare-price-parity-with-singapore/

East Of Suez Fuel Availability Outlook

Credits: Jens Rademacher/ Unsplash
  • Singapore’s fuel oil imports and exports both averaged 15% lower in December, with imports notably declining to a seven-month low.
  • Demand remains very healthy in Hong Kong, and lead times of around seven days are recommended for all grades.
  • VLSFO and LSMGO remain readily available in India’s Mumbai, with short lead times of 2-3 days.

Bunker demand for VLSFO has been average in Singapore coming off the New Year holidays, a source says. Recommended lead times...

https://mfame.guru/east-of-suez-fuel-availability-outlook/

Stranded Seafarers Finally Return Home After Spending 37 Days On-Board

According to a press note issued by Maharashtra chief minister Uddhav Thackeray’s office, the seafarers and crew members will be subjected to a Covid-19 test and will remain quarantined in a building within the port trust premises till their reports are received, reports Hindustan Times.

Seafarers Quarantined

A total of 146 seafarers and crew on board the US cruise liner Marella Discovery will anchor off the Mumbai Port on Thursday, after spending 37 days on-board.

According to a press note...

https://mfame.guru/stranded-seafarers-finally-return-home-after-spending-37-days-on-board/

DP World calls for JNPT probe to be halted

NEW DELHI (Reuters) – Dubai’s DP World has asked an Indian court to halt an investigation into alleged antitrust violations at the country’s largest container port in Mumbai, saying the regulator was seeking excessive information, a court document seen by Reuters showed.

The Competition Commission of India (CCI) last year said it suspected antitrust violations by DP World and Denmark’s A.P. Moller-Maersk at the terminals they operate at state-owned Jawaharlal Nehru Port Trust (JNPT).

The CCI’s...

https://container-news.com/dp-world-calls-jnpt-probe-be-halted/

Ship agents seek speedy repairs at Mumbai Port

The Maritime Association of Nationwide Shipping Agencies (MANSA), formerly called Mumbai and Nhava-Sheva Ship Agents’ Association, has asked for expeditious repairs to the of Western Leaf Inner Lock Gate at Mumbai Port since the inner docks became tidal, making it difficult to berth vessels with deep draughts of more than seven metres during the monsoon.

In a letter addressed to the chairman of Mumbai Port Trust, MANSA said, “Though recently the inner basin circle was dredged and deepened to...

http://container-news.com/ship-agents-seek-repairs-mumbai-port/

Gammon’s stalled box terminal at Mumbai port headed for termination (The Hindu BusinessLine)

Mumbai Port Trust is set to scrap a contract awarded to a unit of the financially struggling Gammon Group for building a container terminal at one of India’s oldest state-owned ports after lenders failed to get bids to replace the original developer for default on repayment of loan.

The facility, partly completed by Indira Container Terminal Pvt Ltd (ICTPL), a special purpose company formed by Gammon India Ltd, Gammon Infrastructure Projects Ltd and Spain’s Dragados SPL, owes some Rs 812.53...

http://container-news.com/gammon-stalled-box-terminal-mumbai-port/

A new developer sought for the Mumbai Port

State-run lender Canara Bank has sought bids to replace financially struggling Gammon Group with a new developer to complete construction and run a stalled container terminal at the Mumbai Port in a first such case in the ports sector.

Indira Container Terminal Pvt Ltd (ICTPL), the special purpose company formed by Gammon India Ltd, Gammon Infrastructure Projects Ltd and Spain’s Dragados SPL, to build and run the facility owes ₹750 crore to a clutch of five banks led by Canara Bank. The lending...

http://container-news.com/developer-sought-mumbai-port/

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