An estimated 800 tons of oil have spilled offshore from Mumbai STEVE AUSTIN | 2010/08/16 There was some good news for the Indian shipping industry as the nation’s two premier ports-Jawaharlal Nehru Port Trust and Mumbai Port Trust-reopened for business partially. Thirty-two ships had been stranded at the two ports. Most of these carry vegetable […]

On the Global economy-some indicators The IMF has raised Global economic growth from 4.2% to 4.6% this year, while the growth for next year has been kept at 4.3 percent. IMF has also predicted the advanced economies to grow by 2.6 percent this year. It estimates the U.S. economy to expand by 3.3 percent […]

Oil prices fell for 6 consecutive sessions. STEVE AUSTIN | 2010/07/05 The oil price has ingratiated itself with the lower price band for some time now closing below $73 a barrel in New York on Friday. There seems to be a melange of reasons at play for the price drop. First on the list- oil […]