For its excellent performance in 2012-13, Paradip port has been conferred with the ĆāMajor Port of the YearĆā award. SS Mishra, Chairman, Paradip Port Trust (PPT), received the award at the SCOPE International Conference & Exhibition 2013 held in Chennai recently.
Author: admin (Infratructure Today)
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Obama vows to pace up shipping & transit projects
US President Barack Obama has vowed on July 25 to use his executive powers to bypass bottlenecks in Congress and accelerate infrastructure projects to bolster growth and add jobs. Speaking inside a cruise ship terminal at Jaxport, a major passenger and cargo port on the East Coast, Obama hailed two major projects that would accommodate increasing global trade and speed the delivery of goods that arrive on huge ships and depart by train for destinations across the United States.
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APSEZ, Tata Steel may tie up for goods handling
Adani Ports and Special Economic Zone (APSEZ) has started talks with Tata Steel regarding the terms of handling cargo at Dhamra Port in Orissa, a port which is jointly owned by Tata Steel and Larsen and Toubro, signaling a significant move towards acquiring a strategic control of the port. APSEZ held discussions with Tata Steel previous week regarding cargo handling at the port. Tata's arm TM International Logistics currently manages the port.
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Karnataka ranks 3rd in port projects under bidding
Karnataka ranks 3rd in value terms for projects under bidding in the ports industry in the public private partnership (PPP) sector as of 30 April, 2013, according to a study titled 'Port Developments in India' by Assocham, a trade body. Gujarat and Kerala occupies first and second place, the study sai. A statement from Assocham said that With 3 projects worth over Rs 3,200 crore, Karnataka ranks 3rd with share of about 40% in value terms for the projects under bidding. However, there are no port
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Maersk gets award for handling highest traffic at JN Port
Maersk Line (India & Sri Lanka cluster), the core liner shipping firm of the AP Moller Ćā Maersk Group, and the leading container shipping company in the world, received an award for highest box traffic at the JN Port Trust at 6,92,850 Twenty Foot Equivalent Unit (TEU) for the fiscal year of 2012 -2013.
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TN sanctions Rs 2,950 cr for road works
In Tamil Nadu, more than 2,400 road works will be undertaken across the state at a cost of Rs 2,950 crore as part of the Integrated Road Development programme. The State Chief Minister Jayalalithaa on July 24 ordered the allocation for the works that would improve connectivity, besides reducing fuel consumption and travel time. The allocation for this fiscal was higher Ćā Rs 2,262 crore was set aside last financial year.
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Rs 200 cr spent for road works in Hyderabad
The Greater Hyderabad Municipal Corporation is spending Rs 200 crore on re-carpeting the city's roads with layers of bitumen year after year and not following road engineering rules. As a result, the rains of the past few days have washed away the bitumen on several stretches of the main road corridors in the city. Thousands of potholes have turned into dangerous craters. Vehicle speed on Sardar Patel Road, where a young college girl died recently because of the bad condition of the road, has co
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Kochi Corporation to pace up road repairs
The Kochi Corporation has decided to speed up the repair work of roads across the city. The Council which met on July 24 decided to initiate proceedings for the same. The zonal engineers will be asked to lay metal patching on the roads on a war-footing. This will provide a short-term relief for commuters, said the Corporation. The potholes of the city roads will be repaired at the earliest, the Corporation said.
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Cargo cost set to come down thanks to coastal shipping
With the development of coastal shipping in India, soon a car manufactured at a Sriperumbudur plant near Chennai would be able to reach Mithapur in GujĆĀarat within five days. While the companies can move 50 truckload of cargo in one ship, the water transportation method would also bring down manufacturing cost of the product, fuel expense and reduce carbon footprint.
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Indev to take up coastal shipping in a big way
Logistics services provider Indev is planning to enter the costal shipping arena, stated Indev Group Chairman Xavier Britto. To this end, the company is planning to set up a container freight station spread over 20 acres at Visakhapatnam within the next two years at an investment of Rs 75 crore. Indev, which has two million sqft of warehousing space across 14 locations in the country, is planning to add another one lakh square feet of warehousing facility at a cost of Rs 40 crore near Noida soo