ALANG DEMOLITION INDICATOR (ADI) on 19th April, 2013














ALANG DEMOLITION INDICATOR (ADI)

VESSEL TYPE      USD $ / LT
DRY SHIP415
BOX SHIP445
TANKER435


TOTAL TONNAGE - ALANG


PERIOD# VESSELS          L.D.T (M.T)
THIS YEAR (2013)1041,001,729.9
PREVIOUS YEAR (2012)4324,332,795.6
THIS MONTH (APR 2013)18167,965.3
PREVIOUS MONTH (MAR 2013)     27271,583.9
WAITING FOR BEACHING898,983.0
EXPECTED VESSELS324,675.0





Industry updates on 19th April, 2013


Industry Updates on 19.04.2013



JSW Steel, Sesa Goa shares to benefit from SC mining order beginning FY15
Shares of metal companies with mining interest in the state of Karnataka were in action today after the Supreme Court allowed permission to resume operations in category A & B iron oremines.

The apex court has directed 63 mines in category A & B to be reopened for mining. Karnataka's category B mine operations will restart, subject to rehabilitation work.

Meanwhile the court has cancelled all category C mining leases in Karnataka and has directed that no more mining leases will be granted in Karnataka.

According to analysts, while the decision to allow iron ore mining is a positive step, the category B mines will start contributing from FY15. It also needs to be seen whether the iron mines will be able to meet the steel industry demand as category C mines are banned from carrying out mining activity.

"The contribution of the category B mines would be quite minimal in FY14. Second half of FY15 is where we expect most of the volumes to come in. Looking at the category A mines, they were allowed mining in September, but till now only 7 to 8 mines have been able to work of the 18 allowed," said Tarang Bhanushali, Research Analyst, IIFL.

"The procedure would be elongated and hence output from these mines would come only in FY15 and it would be quite minimal in FY14," he added.

Hopes of bonus boost wheat
After witnessing a continuous fall in recent past, dara wheat variety recovered marginally while flour went further down on slack demand on Thursday.
According to the market sources, expectations of a bonus on wheat mainly pushed dara price upwards.
Radhey Shyam, a trade expert, told Business Line that only need-based buying is taking place in the market and wheat prices may continue to rule around current levels for the next few days.
About one lakh bags of dara wheat arrived at the Karnal grain market terminal and procurement was done by the government agencies.
In the physical market, dara wheat price improved by Rs 10 a quintal and quoted at Rs 1,420-1,425.
Mill delivery was at Rs 1,420 while delivery at the chakki was at Rs 1,425.
In the National Capital, a benchmark for the country, wheat mill quality traded at Rs 1,435-1,440, down Rs 5.
Indian iron ore mining mess - SC grants partial relief to miners and steel mills in Karnataka
The Supreme Court bench headed by Justice Aftab Alam pronounced an order, accepting a number of recommendations of the court appointed Central Empowered Committee on green matters given in its various reports from 2011 to February 2013, with following highlights