The UK P&I Club has renewed its warnings on the carriage of iron fines by bulk in ships. The trade from India to China is increasing and, says the Club, “is likely to persist for the foreseeable future”.
The Indian market for 210 litre steel drums has traditionally grown at around 3 to 4 per cent per annum, but the past three years have seen “accelerated growth of perhaps five to six per cent”
INTERNATIONAL US-headquartered BDP International has established two new joint ventures in the Middle East and India to service the needs of the rapidly expanding local chemical sectors
India’s Balmer Lawrie (BL), a diversified government-owned enterprise and the country’s largest producer of steel drums, has announced a fiscal 2008 gross turnover of R 15.76bn ($367m),
COATINGS Coatings makers are seeing strong financial results as they secure record-setting contracts and reach out to new markets. Product development centres on enhancing the ability of coatings to achieve the environmental performance targets set by regulators and vessel operators
MARKETS Despite India's rapid economic growth, the country's steel drum sector is faced with stiff competition from rival packaging systems, high raw materials prices and significant overcapacity
