Coal shipments to India rose 10% y/y
NewsBetween January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.
Indian shipbuilders gear up
StandardIndia’s private sector shipbuilding companies are reportedly planning to invest nearly Rs 185B (US$4.74B) over the next five to seven years on expansion projects. The move clearly indicates that Indian shipyards are keen not just to expand capacity, but also to move from the current small to medium vessel segment to larger and more complex vessels.
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