With the Shipping Corporation of India (SCI) announcing loss for two consecutive years, it may lose the coveted navaratna status, which is given to only profit-making state-run companies. It may be noted that the loss of the firm stood at Rs 428.2 and Rs 114.3 crore in 2011-12 and 2012-13 respectively
Category: Ports & Shipping
Post
Post
Proposed port project in AP faces road block
Media reports indicate that the proposed major port project at Dugarajapatnam of Vakadu mandal in Andhra Pradesh may not take off because of complications in the identified site. A technical committee that studied the project objected the Dugarajapatnam location keeping in view the reservations expressed by the Isro scientists as well ecologists as it was close to the Pulicat Lake, a reserved bi
Post
Port sector in India faces key challenges
A study conduced by industry body Assocham found that port sector in India faces issues like uncertain relationship between major and minor ports, delay in clearances. Further, there is a debate on bringing minor ports under regulation of Tariff Authority for Major Ports (TAMP). According to Ravindra Sanareddy, Assocham Chairman (southern region), minor ports should be allowed to come up to a certain level, before bringing them
Post
Ministry to promote shipping sector
Union Ministry of Shipping plans to promote shipping sector as part of its Maritime Agenda 2010-2020, which is a perspective plan of the ministry for the present decade. The ministry plans to promote the shipping sector through increase in the tonnage, declaration of coastal shipping policy, establishment of a ‘Freight Exchange’, creation of ombudsman or tribunals for shipping matters, amo
Post
Lulu group decides to exit land deal with port
For some undisclosed reason, the LuLu group decided to exit the land deal it entered into with the Cochin Port Trust some years ago. According to the deal, the group took 26 acre land on Bolghatty island from the port trust on a 30-year lease.
The port trust leased the land to the group to build a convention centre and associated facilities. However, the group reportedly planned to build 572 serviced apart
Post
Union wants SCI to use Vallarpadam for transshipment
Shipping Corporation of India (SCI) was asked to use the Vallarpadam port for transshipment of cargo instead of its current practice of using Colombo port. The Joint Forum of Trade Unions in Kochi Port submitted a memorandum to the Parliamentary Standing Committee on Transport, which visited the city recently
Post
Competition may deepen in port sector
Industry experts feel that the extent of competition in the port sector in India may deepen and broaden further on completion of the ongoing port projects. Major ports in India are facing very keen competition from the neighbouring non-major ports, both in respect of quality of services and in price, they argue
Post
KCZMA divided on the Bolgatty project
Members of the Kerala Coastal Zone Management Authority (KCZMA) are divided on the issue of whether to allow Emke Group, led by MA Yusuff Ali, to set up the Bolgatty convention centre. The opposing members argue that the clearance should not have been given for a non-port activity in a reclaimed area within a sensitive ecosystem
Post
Govt must address huge turnaround time of vessels
A study by the industry body Assocham points out that the government must address the issue of the huge turnaround time at ports in India. The huge turnaround time is cited as one of the biggest handicaps logistics service providers have to deal with, the study finds. It also highlights that the development of port infrastructure in India is not on par with other ports across the
Post
Ministry wants to expedite Rs 90 bn terminal project
Union shipping ministry wants to expedite the award of the Rs 9,000 crore fourth container terminal project at Jawaharlal Nehru Port Trust (JNPT) in Mumbai. The project has been delayed by more than three years after a consortium of Port of Singapore and ABG Ports exited the contract. The consortium had outbid others then by offering to share more than 50 percent of th