Dhamra Port recently berthed the highest capacity parcel size vessel handled by an Indian port, having capacity to carry 207,785 DWT cargo. The vessel named 'Macau Mineral' brought with it 194,073 tonne coal from South Africa. The South Korean made ship is 312 m long and about 50 m in breadth, was built in 1989.
Author: admin (Infratructure Today)
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New Board of Trustees at CHPT
The Union government has reconstituted the Board of Trustees of Chennai Port (ChPT) for a period of two years from April 2014 to March 2016. Chairman Atulya Misra has been retained as ex-officio chairman of the trust. The reconstituted board has 20 members. There are seven ex-officio members on the board representing the Ministry of Shipping, Customs, State government, the Defence Services, Indian Railways, Coast Guard and Mercantile Marine Department.
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Mundra crosses 100-mt mark in cargo throughput
Mundra port in Gujarat has handled 100 million tonne (mt) of cargo during 2013-14, joining an elite club of global ports that have reached this mark. Mundra also became India's biggest port in terms of cargo handled. Mundra port surpassed Kandla port, located just 60 km away on the Gulf of Kutch in Gujarat, in terms of the amount of cargo handled.
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New custom norms at Tuticorin port concern traders
A recent public notice by Tuticorin Customs giving more responsibilities to the operators of 13-odd container freight stations (CFSs) at the port has caused concern among traders. Stakeholders say it would make the operating procedure more complex and take away the advantages the export-import trade currently enjoys here.
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Shipping Ministry to seek VGF
The Shipping Ministry will seek support from the Finance Ministry for covering the funding gap for two major ports proposed in West Bengal and Andhra Pradesh. A Cabinet note on the subject is being prepared, he said. The government has finalised Sagar and Dugarajapatnam as the two sites for setting up of the ports.
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VOC Port handles 286.42 lakh tonne in 2013-14
VO Chidambaranar (VOC) Port in Tuticorin handled a throughput of 286.42 lakh tonne during the financial year 2013-14, surpassing the pre-¡vious year's achievement of 282.60 lakh tonne and registered a growth of 1.35 per cent, in spite of global cues. Imports accounted for 209.77 lakh tonne and exports accounted for 76.65 lakh tonne.
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Essar Ports to invest in Mozambique
Essar Ports will invest up to $25 million (about Rs 150 crore) in a joint venture, which plans to develop a coal terminal at the Beira port in Mozambique. The investment will be made for developing the terminal with 10 million tonne (mt) a year capacity and also to provide a corporate guarantee of up to $10 million on behalf of the joint venture.
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AP to focus on non-hub airports
The Andhra Pradesh civil aviation policy will focus on developing non-hub airports in the region. The aims is to build new investment regions and give a fillip to tourism sector. Addressing the gathering at the inaugural event of the five-day India Aviation 2014 at Hyderabad recently, Andhra Pradesh Governor ESL Narasimhan has said that the state boasts of the country's first aerospace SEZ located within 15-km of the Rajiv Gandhi International Airport at Shamshabad.
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100 AIFs to operate in India
Securities Exchange Board of India (SEBI) has allowed 100 entities to set up Alternative Investment Funds (AIFs) - newly created class of pooled-in investment vehicles for
real estate, private equity and hedge funds - in less than two years. The 100 AIFs have been registered with SEBI since July 2012. Out of this, about 11 entities got market regulator's approval to operate in the country so far this year, 67 in 2013 and the remaining 22 in 2011.
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Cabinet committee on transport
The Planning Commission is firming up a proposal for setting up a Cabinet committee on transport. A decision will be taken only by the new Planning Commission, which will be constituted after the April-May general elections. The proposal is partly based on the recommendations of the National Transport Development Policy Committee, chaired by Rakesh Mohan.