Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Ports on the Indian East Coast have restricted shipping activities since May 23 and asked vessels to vacate anchorages. The cyclonic storm called ‘Yaas’ forecast to make landfall on Wednesday. These instructions were issued after the Indian Meteorological Department (IMD) warned of a cyclonic storm in the ‘Very Severe’ category to hit the eastern states of Odisha and West Bengal.  

IMD warned that some regions are likely to receive heavy rainfall and wind speeds of 110miles per hour.

 

Paradip port in Odhisha issued the notification stating they have ensured all loading-unloading equipment, including cranes and machines, is securely stored. While, the authorities at Kolkata port assured that they adopted precautionary measures to avoid loss of human life, vessels, and property. All port vessels will be taken inside the dock and no ships to be kept in river anchorages or jetties, announced the authorities.

 

Haldia port authorities that inward movement of vessels are planned to be stopped from Monday evening. 

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