29th Scrap Vessel at Berth in Kandla Port

According to sources another bulk vessel MV Cape Knox carrying 22,100 MT Scrap is reported at berth in Kandla port today (India west coast).

As per sources the vessel was loaded from USA (Barbers Point), and the vessel is at discharging position in Kandla port. This year total 29 vessels reported at berth against 25 bulk vessel in CY’2015.

In CY’2016 total 802,890 MT bulk import reported against 748,906 MT in CY’2015. Bulk scrap imports to India had gone up by 7% Y-o-Y. Last year major import shipments were recorded from USA (0.47 MnT), South Africa ( 0.13 MnT), Netherland (0.07 MnT) followed by Japan, Sweden and Australia.

New Scrap Shipment Detail

One more scrap vessel of 25,960 MT is reported at Chennai Port, expected berthing of vessel in first week of Jan’16. Vessel Glorious Sunshine carrying 12,100 MT HM scrap and 13,860 MT SH scrap from USA.

As per sources booking for the above shipment concluded in late Sep’16 at an average price of USD 240-250/MT CFR India, few more scrap shipment is expected in Jan’17 at Indian ports.

Bulk Vessel Booking by Indian Steel Mills in CY 2016

Quantity in MT
Source: SteelMint Stats; Provisional data