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Ultrabulk cancels order because of delivery delays 20 November 2012 but also to our long term global cargo partner, sending a strong signal that Ultrabulk is firmly committed to continued growth in the years to comeÔÇØ, says Henrik Sleimann Petersen, Head of Shipholding.[/PAID] Copyright CW Group. All rights reserved.... Type: Article Category: Shipping & logistics India's Paradip wants coal import norms relaxed 19 November 2012 Restrictions in the dispatch of the materials impeding growth. (CW Group) The Paradip port has asked the Odisha govt to waive off the mandatory storing license norm for imported mineral cargo, mainly for coking and non-coking coal, reports the Business... Type: Article Category: Ports & handling Saudi: SABIC awards $400 mm port project 19 November 2012 total investment is estimated to be $400 million, the company said in a statement. ÔÇ£The project will enable the continued growth of the petrochemical and downstream industries in Saudi Arabia,ÔÇØ it added. The plan is to finance the project from the... Type: Article Category: Ports & handling BHP Billiton to expand iron ore capacity 16 November 2012 prompted a rethink of expansion plans by most iron ore miners, including top global iron ore miner Vale. BHP has slowed its growth plans, like Australias no.3 iron ore miner Fortescue Metals Group, while their bigger rival Rio Tinto is pressing ahead... Type: Article Category: Markets & trade India's Birla Corp reports firmer profits 15 November 2012 clinker from outside. The company declared interim dividend of Rs.2.5/share. Its revenue rose 24% to 40% and 23% yoy growth in cement and power respectively. Cement volumes, at 1.58m tons, grew 12% yoy (down 3% qoq). Realizations rose 25% yoy (down 2%... Type: Article Category: Financial Mauritius: Holcim hikes cement prices, Lafarge stays put 15 November 2012 "Like all companies, we know an increase in our production costs. However, we prefer, for the time being, to absorb this growth, " Lafarge said. The management of Holcim indicates that this increase occurs due to the increase in fixed costs, the report... Type: Article Category: Volume & Pricing CRH expects boost from post Sandy reconstruction 15 November 2012 about 3% lower at Ôé¼1.6bn in the current financial year than in 2011. During the third quarter, CRH said the rate of sales growth in the US had slowed compared with the first half, when it was 8% higher. In Europe, the pace of sales contraction also... Type: Article Category: Financial Siam Cement reports Q3 profit drop 15 November 2012 the Stock Exchange of Thailand. ''Strong cement consumption driven by infrastructure projects, commercial expansion and the growth of border markets could expand sales by 15%,'' said managing director Philippe Arto. Copyright CW Group. All rights... Type: Article Category: Financial Russia: Ust Luga port to upgrade facilities 15 November 2012 for laying of additional tracks that will allow the company to increase the handling capacity of the terminal and provide growth in transshipment of dry bulk and general cargo. In addition, during the reporting period were made lease payments for... Type: Article Category: Ports & handling Saudi port contract won by China based firm 15 November 2012 involves building new storage, handling and shipping terminals at the port, which SABIC said would "enable the continued growth of the petrochemical and downstream industries in Saudi Arabia. According to the report, JCSSC is a joint venture in which... Type: Article Category: Ports & handling Brazil: Sergipe state fifth largest cement producer 15 November 2012 in the market - Grupo Votorantim (Laranjeiras) Itaguassu (Our Lady of Perpetual Help) and Mizu (Pacatuba) - production growth in Sergipe averaged 7.2%, higher than the Northeast (5.8%) and Brazil (5.9%) between 2003 and 2011. By 2008, production... Type: Article Category: Volume & Pricing Thailand cement demand to exceed targets 14 November 2012 producers now expects consumption will grow by 12% over last years 25.5 million tons. The TCMA website pointed out that 12% growth would be triple last years rate. "Strong growth is expected this year due to continuous large infrastructure construction,... Type: Article Category: Volume & Pricing Sri Lanka: Holcim to expand Ruhuna unit 14 November 2012 According to the report, he said the hotel chains in the North and East has just started work and there will be a rapid growth of demand for cement in the next 2-3 years. The GDP growth of the country is expected to remain at 6-7 % and demand for cement... Type: Article Category: Plant Expansions Suez Cement reports Q3 profit growth 14 November 2012 Egyptian cement firm says profit grew 26.5%. ┬á (CW Group) Egypt's Suez Cement reported net profit growth of 26.5% in the third quarter of 2012, reports Zawya. ┬á The consolidated net profit was 132.06 million pounds ($ 21.7 million) in the three... Type: Article Category: Financial Venezuela: Annual cement production tops 8 mm tons 14 November 2012 a production of 7.120 mm tons of cement in 2011, and this year it is close to breaking the cement production figure. "This growth is linked to the Great Mission Housing Venezuela," he said.[/PAID] Copyright CW Group. All rights reserved. Unauthorized... Type: Article Category: Volume & Pricing Pretoria Portland profit drops even as full year sales rise 13 November 2012 full-year sales rose 8 percent as higher selling prices offset lower volumes caused in part by strikes and slowing economic growth. However, net income decreased 2 percent to 768 million rand ($88 million) in the 12 months through September. Revenue... Type: Article Category: Financial Russia seaports report higher activity through October 13 November 2012 73.7 million tons / increase of 12.1 percent compared to January-October 2011 / containerized cargo - 35 , 5 million tons / growth of 8.6 percent / iron - 22.1 million tons / growth of 9.8 percent / grain - 20.5 million tonnes of cargo ferry - 6.9... Type: Article Category: Ports & handling India rural demand boosts cement demand 12 November 2012 rural areas has hiked cement production in the country, reports the Business Standard. Cement production has seen a 7.4% growth during the first six months of current financial year. Within the eight core industries, that have a combined weight of 37.9%... Type: Article Category: Markets & Competition Fitch says EU cement market remains uncertain 12 November 2012 sound profitability improvements. As far as emerging markets are concerned, Latin America and Asia continue to show solid growth in volumes and positive developments in prices. In particular, Fitch notes that in India the price trend has so far been... Type: Article Category: Markets & Competition Eagle Bulk reports Q3 loss 12 November 2012 with $25.9 million for the third quarter of 2011. "The dry bulk market remains in a cyclical trough characterized by supply growth and an inconsistent demand profile. While this environment continues to weigh on our financial results, Eagle Bulks young... 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