Sri Lanka Ports Authority is taking steps to develop the port infrastructure around the country in order to pursue the national government's aim of making the country the Regional Maritime Hub by leveraging its unique geographical location. Recently, the authority completed dredging work at the Access Channel, the Harbour Basin and the Access Chan
Category: Ports & Shipping
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Ministry gives green nod to Anketell port project
API Management Pty received conditional approval from the Australian environment ministry for its proposed Anketell Point port project in the western part of the country. API Management is a joint venture between coal miner Aquila Resources and mining investment company American Metals and Coal International (AMCI). The firm wan
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Cargo handling at six major ports rise in April
During April 2013, cargo handling at six major ports rose from the year-ago month, while that of other seven ports contracted. Cargo handling at all the major ports taken together declined 2.58 per cent to 54.56 mn t during April 2013. Paradip Port Trust (PPT) is one of the six major ports which witnessed growth in cargo
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Security nod to firms augurs well for port sector
The recent security clearances given by the union government to three infrastructure companies in the port sector may enable more private sector participation in port projects, reports suggest. The union government gave security approval for Adani Ports, Punj Lloyd, and Gammon Infrastructure to participate in port projects. Once given, these clear
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KoPT awaits nod for full-fledged ship breaking operation
RPS Kahlon, Chairman of the Kolkata Port Trust (KoPT) informed that the port is awaiting statutory clearances from the West Bengal Pollution Control Board to begin full-fledged ship breaking operations. The port authority partially resumed ship breaking operations, which was stalled for almost three years since 2010, at its Kolkata Dock System (KDS). The port stopped operation in 2010-11 owing to technical reasons
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SCI takes delivery of Kamsarmax carrier
A Chinese ship builder has reportedly delivered the second of the four Kamsarmax Bulk carrier ordered by Shipping Corporation of India (SCI) to replace its existing Daewoo series Handymax bulk carriers. Daewoo series Handymax bulk carriers of SCI were built in 1986 and 1987. It may be noted that SCI has so far been operating the small-sized Handymax and Handysize bulk carriers and now it wants to use Kamsarmax bulk carri
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Oil cos’ plea to abolish Shipping Min’s nod for crude import
To get more crude oil to India, oil companies want the Union government to allow them to import crude oil on what is called the cost, insurance and freight (cif) basis, without requiring any approval from the Shipping Ministry. The move is expected to eventually help more foreign flagged vessels to ship crude oil to India. Allowing crude imports on cif basis will transfer the power of how crude oil carriers are chosen to the selling party Ăâ that is, firms in other countries.
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Five trucks damaged in fire at Chennai port
Media reports say that five trucks were damaged in a fire that broke out at the Chennai Port Trust complex on May 19 evening. No one was injured in the fire which occurred in a shed where the trucks were parked, Port Fire officials said. While the cause of the incident was under investigation, officials suspect that excessive heat in the shed could have resulted in sparks, leading to fire.
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Report points to slow capacity addition in major ports
The Parliamentary Standing Committee on Transport, Tourism and Culture remarked pointed out to the slow pace of capacity adddition in major ports and said this was lagging behind capacity addition in private ports. In a report tabled in the Parliament, the committee said the government's aim to raise the capacity of the 12 major ports to 1,229.24 million tonne (mn t) by 2017 is a
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Board of Cochin Shipyard to discuss disinvestment plan
The board of Cochin Shipyard would discuss the proposed disinvestment of government in the company when it meets in June. In a first disinvestment in the sector, the government plans to offload 10 per cent stake in the company. This is part of the Rs 54,000 crore divestment target set by the government for 2013-14. The target is almo