Kandla Port Trust (KPT) congratulated handling agents Maheshwari Handling Agency and BS Shipping for loading a record 38,000 million tonne (mn t) Kaoline in just 1 day on m.v. Wingsail. The port authority also congratulated ship agent - BS Shipping Private, shippers - Gunjan Minerals & Clays LLP , Buyer - Ras Al Khaimah Company, UAE and Customs Hou
Author: admin (Infratructure Today)
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Cargo volume at Kolkata Port declines in Apr-Dec 2012
Kolkata Port Trust (including Haldia ) witnessed 14.65 per cent decline in cargo handling at 28.86 mn t during April and December 2012. Haldia alone recorded 17.31 per cent drop in cargo volume at 20.2 mn t, official data shows. The other ports recording negative growth included Visakhapatnam 16.04 per cent at 44.2 mn t; and Chennai 4.87 per cent at 39.89 mn
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Paradip Port may post growth in cargo handling
Reports indicate that Paradip Port may handle more cargo in 2012-13 that what it handled in 2011-12. However, the port may not be able to meet the target of 63 million tonne (mn t) set by the union shipping ministry. In 2011-12, the port registered 54.2 mn t cargo handling. During Apr-Dec 2012, the port handled 45 mn t car
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Chidambaranar port appeals against stay order
VO Chidambaranar port, which is a major port in Tamil Nadu, appealed against the stay order of Tuticorin district court on the revision of royalty with the Madurai bench of the Madras high court. PSA International, which operates PSA-Sical Terminal at the port, secured a stay order from the district court in Tuticorin on the revision of the royalty it pays
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MbPT locked in legal battle with IHCL
Mumbai Port Trust (MbPT) and Indian Hotels Company (IHCL) are locked in a legal battle over paying of rent by the latter for the land IHCL occupies in Mumbai. According to media reports, MbPT demands a 'fair rent' from IHCL on the basis of six per cent yearly rent on the market value of the land as per the Ready Reckoner Rate
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Krishnapatnam Port handles 456 vessels
Krishnapatnam port, which is 25 km east of Nellore, Andhra Pradesh, handled 456 vessels until December 2012. The port handled 428 vessels and 15.41 million tonne of cargo in 2011-12 as against 417 vessels and 15.91 million tonnes in 2010-11. The port was inaugurated in July 2008 and is promoted by the Hyderabad-based CVR Group. The cont
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GAIL mulls foray into shipping sector
State-run Maharatna firm GAIL India plans to foray into shipping business in order to ferry the natural gas that it would source from different countries. The company is yet to decide whether to have its own ships or charter ships. But, it intends to have six to seven ships
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Net profit of Essar Shipping declines
Net profit of Essar Shipping declined to Rs 17.85 crore during Oct-Dec 2012 from Rs 48.65 crore in the corresponding period of last year because of higher costs and low crude freight rates in crude oil transportation. The firm reported revenue of Rs 792.66 crore, EBIT0
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Delhi CM seeks cabinet proposal for funding mono rail project
Delhi Chief Minister Sheila Dikshit directed transport department to bring a cabinet proposal to fund the proposed Rs 2,235 crore monorail project on the lines of the Delhi Metro Rail project. The move by the minister follows the detailed presentation given by Mangu Singh, Chief of DMRC on the fi
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Lenders in road sector’s PPPs to get more powers
In the road sector of the country, lenders are set to get more flexibility in public-private partnership (PPP) projects, where investor interest is waning. The government is planning to amend the model concession agreement (MCA) for road sector PPPs, empowering lenders to seek replacement of a concessionaire failing to meet milestones even before the project starts commercial operation.