Union Minister for Shipping GK Vasan informed the Rajya Sabha that the government took some steps to boost cargo handling in major ports. These include construction of new berths and terminals to enhance port capacity to minimise pre-berthing detention time and reduce turnaround time of vessels calling on the
Author: admin (Infratructure Today)
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Govt takes steps to boost cargo volume
Union Minister for Shipping GK Vasan informed the Rajya Sabha that the government took some steps to boost cargo handling in major ports. These include construction of new berths and terminals to enhance port capacity to minimise pre-berthing detention time and reduce turnaround time of vessels calling on the
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2005 tariff regime discourage efficiency
Industry observers opine that the tariff regime of the Tariff Authority for Major Ports (TAMP) does not reward efficient performance of port operators or terminal operators. They point out several lacunae in the tariff regime of 2005, the main ones being that operational efficiency is penalized. In other words, if a terminal loads more than the projected cargo volumes, it will lead to a reduction in rates
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2005 tariff regime discourage efficiency
Industry observers opine that the tariff regime of the Tariff Authority for Major Ports (TAMP) does not reward efficient performance of port operators or terminal operators. They point out several lacunae in the tariff regime of 2005, the main ones being that operational efficiency is penalized. In other words, if a terminal loads more than the projected cargo volumes, it will lead to a reduction in rates
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Muted response to bond issues attributed to weak mkt condition
Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs
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Muted response to bond issues attributed to weak mkt condition
Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs
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KPCT to set up jetty for oil and gas products
Andhra Pradesh-based Krishnapatnam Port Container Terminal (KPCT) intends to construct a jetty for handling liquefied natural gas (LNG) and petroleum oil and lubricants in the next two years. Besides, the port, which is said to be having the biggest and deepest draft container terminal on the east coast of the country, is in the process of setting up a dedicated terminal for export of
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KPCT to set up jetty for oil and gas products
Andhra Pradesh-based Krishnapatnam Port Container Terminal (KPCT) intends to construct a jetty for handling liquefied natural gas (LNG) and petroleum oil and lubricants in the next two years. Besides, the port, which is said to be having the biggest and deepest draft container terminal on the east coast of the country, is in the process of setting up a dedicated terminal for export of
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HSL may get contracts worth Rs 250 bn
Hindusthan Shipyard (HSL), which has been suffering from lack of orders, may get contracts worth Rs 25,000 crore from the central government, Union Minister of State for Defence Jitendra Singh informed. The state-run shipbuilding firm may get the contracts for building war ships, the minister said. Earlier, T Subbarami Reddy, a member of the Rajya Sab
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AP govt takes steps for right of way to metro project
Andhra Pradesh government is taking efforts to give right of way for the elevated Hyderabad Metro Rail project being executed by Larsen and Toubro. The state government is taking steps to shift utilities such as water lines, sewer lines, electrical overhead lines and underground cables, electrical poles, street lights, advertisement boards