NEW YORK The Port of New Orleans and Samsara Shipping Pvt. Ltd. have reached an agreement to boost trade with India with a focus on steel products for the oil and gas markets.
The Port of New Orleans is well-positioned for growth in imported steel products as it offers excellent connectivity via barge, rail and truck to major oil and gas projects in the United States and Canada, Port of New Orleans president and chief executive officer Gary LaGrange said in a statement. With Indias fast-paced economic growth, we see opportunities to grow two-way trade between the port and India through a variety of commodities.
Most Indian producers of oil country tubular goods (OCTG) were recently assessed a preliminary anti-dumping duty of 55.2 percent (amm.com, Feb. 18).
The port has expressed concern over the possible impact on port operations of the trade complaint against OCTG from nine countries (amm.com, Aug. 12).