During April-May 2013-14, Paradeep Port Trust (PPT) handled 42.41 per cent more cargo volume at 11.55 million tonne (mn t) from 8.11 mn t handled in the year-ago period. This enabled the port reach the second slot among all major ports in the country in terms of total cargo handled and also traffic growth achieved during the period
Category: Ports & Shipping
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Panel to make key suggestions to shipping ministry
The Parliamentary standing committee on transport, tourism and culture will suggest the union shipping ministry to extend the proposed National Waterways No 3 beyond Kottapuram to the historic site of Muziris to benefit tourists. This is part of a slew of recommendations that the committee plans to make to the ministry. The com
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Essar Ports chief feels its debt level is reasonable
Rajiv Agarwal, MD and CEO of Essar Port is quoted as saying that the debt level of the company (Rs 5,700 crore) was reasonable for the size of the firm. The firm has an equity of about Rs 2,800 crore and a debt of about 5,800 crore. The company is making efforts to reduce the interest cost, he is quoted as saying in a media
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Odisha govt may make exit clause more stringent
Reports indicate that Odisha government plans to tighten the exit clause for the promoters of non-major ports in the state. According to the revised norms, that is considered by the state government, original promoters of a non-major port must retain at least 51 per cent stake for three years from the date of commencement of com
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JNPT asks trade bodies to nominate members
Jawaharlal Nehru Port Trust (JNPT) asked trade associations to nominate their representatives in the board of the port as the tenure of the earlier board of trustees with 16 members ended on 31 March. The board of trustees of JN Port is constituted by the government for a two-year term. Currently, the board has only seven members and hence the authority asked vario
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Commissioner welcomes inclusion of port under industrial zone
Andhra Pradesh Industries Commissioner welcomed the central government's move to include Krishnapatnam port in the international industrial zone. The zone is planned along the Chennai-Bangalore railway corridor. The move is expected to boost industrial deve
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Ports in east coast have tremendous potential
Ports in the eastern coast of India hold tremendous potential for growth in cargo traffic owing to the development of new projects in the neighbouring areas, reports suggest.Some reports indicate that the ports in east coast are expected to handle coking coal and non-coking coal imports as several major power plants are coming up in Chhattisgarh and Jharkhand
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Odisha’s Gopalpur port is ready for commercial operations
In Odisha, the all-weather Gopalpur port's first trial shipment took place a few days ago. An estimated 7,500 tonne of ilmenite, a sand mineral of Indian Rare Earths, was loaded on to a Chinese ship for shipment to Korea.
The Odisha Government in a Gazette notification has declared the port is ready for commercial operation.
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L&T’s Kattupalli port to begin exim activities on June 6
In Tamil Nau, the Larsen and ToubroÂ’s Kattupalli Port is all set to commence import as well as export activities for industry on June 6. The port recorded the first successful trial run of imported goods on April 18. Inaugurated by Tamil Nadu Chief Minister Jayalalithaa on January 30, the Rs 3,800-crore project is jointly floated by L&T and Tamil Nadu Industrial Development Corporation (TIDCO).
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Essar Ports expects to raise capacity to 181 mn t
Agency reports indicate that the cargo handling capacity of Essar Ports may rise from the present 104 million tonne (mn t) per annum to 181 mn t by
2015-16, a growth of 74 percent. The company plans to add 23 mn t capacity in its portfolio by modernising three existing iron ore berths at Visakhapatnam port