Industry body in India, Associated Chambers of Commerce and Industry of India (Assocham) has expected a huge potential for ship repairing and shipbuilding business in the country. According to Assocham, more than 20-year-old ships require periodic and extensive repair and maintenance and, in India, of the total 1,122 vessels in the fleet, over 41 per cent are over 20 years old and need regular attention.
Author: admin (Infratructure Today)
Post
Post
Second CFS comes up in Kochi near ICTT
In Kochi, the second container freight station (CFS) near the international container transshipment terminal (ICTT) at Vallarpadam is nearing completion. It is being set up by MIV Logistics Private Limited, a special purpose vehicle (SPV) floated by the State government-promoted entity Inkel, CFS will have a capacity to handle 75,000 containers a year.
Post
Govt hopeful to award big highway projects soon
The Union Road Transport and Highways Minister Oscar Fernandes has said that he expects road projects worth over Rs 1 lakh crore, which have been stuck for long, are to start moving from next month as a concrete decision on the rescheduling of premium paid by developers is expected by the end of this December.
Post
Govt’s aid to be continued to KoPT’s dredging
The Union government has agreed recently for a proposal to extend financial assistance to Kolkata Port Trust (KoPT) to meet the dredging expenditure incurred for maintenance of the river and channel.
Post
Thermal coal imports via major ports up by 36%
The 12 government-owned major ports in the country handled around 5.5 mt of imported thermal coal, which is up by 10 per cent on the year, while coking coal imports rose 21 per cent to 3.4 mt, says latest data by Indian ports Association (IPA).
Post
Deora for cabotage exemption for Vizhinjam port
The Union Minister of State for Shipping Milind Murali Deora has said in Thiruvananthapuram recently that there is a strong case for granting cabotage exemption for Vizhinjam port. The demand for exemption requested by the Kerala government is justifiable, however the views of Indian National Ship Owners Association and other stakeholders will have to be taken into consideration, he added.
Post
Vizag Port to expand at Rs 641 cr
The Visakhapatnam Port in Andhra Pradesh is to take up expansion and development works worth Rs 641 crore. The works include dredging and development of West Quay-North berth. The port is to take up as many as eight berths for capacity augmentation and modernisation through Public Private Partnership (PPP) operators.
Post
APSEZ completes Rs 400 cr coal import terminal at Vizag port
The Rs 400 crore steam coal import terminal at Visakhapatnam port has been completed by Adani Ports and Special Economic Zone (APSEZ). APSEZ is IndiaĂâs largest port developer and part of Adani Group. The terminal project has been completed 8 months ahead of schedule.
Post
Vizag Port to mechanise its cargo-handling
To improve its capacity, the Visakhapatnam Port is to mechanise cargo-handling to face challenges from the private ports. It has also taken up nine major projects under the public-private partnership (PPP) mode, 2 of which have been finished and the rest being in various stages, said Deputy Chairman of the port GVL Satya Kumar.
Post
Decision soon on container terminal expansion at Vizag Port
Despite the Visakhapatnam Port witnessing a three-fold jump in container cargo during the last five years, the project in the port to double the capacity of the container terminal is yet to take off as the Visakhapatnam Port Trust (VPT) is yet to take a decision on the issue.