Mumbai-based Indian shipper Mercator gave a crude oil tanker to the National Iranian Tanker Company (NITC) for carrying crude oil from the gulf country to India in December. This is the first time that the Iranian firm chartered an Indian vessel covered under an insurance scheme arranged by New Delhi through state-run insurers, rep
Author: admin (Infratructure Today)
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IOC plans to raise stake in HPL
Indian Oil Corporation (IOC) plans to raise its shareholding in the cash strapped Haldia Petrochemicals as the firm expects to reap many synergies with HPL. IOC has a big refinery in the area neighbouring HPL. Also, its pipelines are connected with HPL, Indrajit Bose, Exec
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ABG files SLP with SC against HC order
Against the earlier order of Calcutta High Court, ABG Ports has filed a special leave petition (SLP) with the Supreme Court (SC) seeking approval to remove its equipment out of Haldia Dock Complex (HDC) in Kolkata Port. Earlier, the Calcutta High Court ordered the firm not to take the equipment out of India, and also said that special officers, along with
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NMPT achieves 11.5% growth in cargo handling
P Tamilvanan, Chairman of New Mangalore Port Trust (NMPT) informed Union Shipping Minister GK Vasan that the port recorded a growth of 11.5 percent in cargo handling during Apr-Dec 2012. The port handled 27.01 million tonne of cargo during the first nine months of 2012-13 as against 24.23 million tonne in the corresponding period of the previous fiscal
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Net profit of Gujarat Pipavav declines
The net profit of Gujarat Pipavav Port declined 38.2 percent to Rs 8.17 crore during July-September 2012 quarter compared to the year-ago period.The fall in the bottomline is attributed to the 6.5 percent decline in net sales to Rs 86.47 crore during the period compared to July-September 2011. Gujarat Pipavav Port is the country's first private sec
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Major ports see 3.09% fall in cargo traffic
During Apr-Dec 2012, major ports witnessed a 3.09 per cent decline in cargo traffic because of fall in throughput of finished fertiliser and iron ore. While the iron-ore traffic at major ports declined by half, handling of finished fertiliser slumped 33 per cent during Apr-Dec 2012. Iron ore handling by ports declined mainly because of the ban on ore exports from Karnataka. The drop in hand
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Goa govt directs barge owners to cover vessel
Goa government directed all barge owners or masters to cover their vessels which are carrying or transporting coal or cargo through inland waterways of Goa. The state government asked barge owners or masters to cover their vessels with tarpaulin in order to mitigate air pollution that may be caused by the cargo
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Largest bulk carrier arrives at Dighi Port
Recently, a gearless post-panamax vessel arrived at Dighi Port carrying coal and this is said to be the largest bulk carrier to call the port and one of the largest vessels to call any port in Maharashtra. On January 5, 2013, the vessel ‘MV Maverick Guardian’ having a LOA of 229 meters, a Deadweight Tonnage (DWT) of 82,739 million tonne and carrying stea
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CPT to develop dedicated cruise berth
Cochin Port Trust (CPT) plans to develop a dedicated cruise berthing facility within a year to become the first exclusive cruise berth in the country. Currently a cruise terminal is operational at the Cochin Port, but cargo vessels also berth near it. The port plans to expand the berth length by 100 meter from its current length of 180 meter and convert it into an exclusive cruise bert
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Proposed wharf project may cost Rs 44.5 cr
The proposed wharf project at at Mangalore Old Port is estimated to cost around Rs 44.5 crore, Lakshadweep MP Muhammad Hamdullah Sayeed informed reporters. The Lakshadweep government proposed to construct the wharf at the port and expects to begin work on it once the Karnataka government clears the proposal