The cabinet committee on economic affairs (CCEA) is likely to clear the two major port projects in Andhra Pradesh's Ramayapatanam and West Bengal's Sagar. The two projects are part of the centre's plan to award as many as 30 ports worth Rs 24,600 crore during the current year and enhance the cargo handling capacity by 288.48 million tonne
Category: Ports & Shipping
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Govt failed to attain capacity target in 11th plan
Union Shipping Minister GK Vasan informed that the estimated capacity expansion for the 12 major ports by the end of the 11th Five Year Plan (2007-12) was 1001.80 million tonne (mn t) per annum according to the 11th Plan working group report for port industry. India at present has 12 Major ports Mumbai, Jawaharlal Nehru Port, Kandla, Kolkata-Haldia, Paradip, Visakhapatnam, Ennore, Chennai, VO Chidambaranar (formerly Tuticorin), Cochin, New Mangalore and Mor
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Govt wants Kandla, JN ports to invest in Iranian port
Media reports suggest that the union shipping ministry wants Jawaharlal Nehru port (JNPT) to operate a container terminal at Chabahar port in Iran. It may be recalled that the union cabinet cleared a proposal to participate in the development of the Iranian port. Also, during his latest visit to Iran, India's External Affairs Minister Salman Khurshid announced that India woul
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KoPT aims to handle 96 mn t traffic per annum
RPS Kahlon, Chairman of Kolkata Port Trust (KoPT) informed that the port aims to handle 96 million tonne (mn t) traffic per annum. He said this while addressing an interactive session organized by the MCC Chamber of Commerce & Industry. Kahlon, however, admitted falling traffic handling ability at the port recently. Moderation in iron ore exports following a hike in export duty and diversion of cargo after the
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KoPT extends deadline for dock project
Kolkata Port Trust (KoPT) extended the deadline to May 17 for submitting bids for the Dock-II project at Salukhali, close to the existing dock. It may be noted that the port management invited the Request for Proposal (RFP) for the project earlier. After the pullout of India-French joint venture Haldia Bulk Term
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NMPT to construct 2 storage facilities
At a cost of Rs 9 crore, the New Mangalore Port Trust (NMPT) has taken up the construction of two additional storage sheds in the port premises. According to a media statement issued by the port, these sheds could store up to 22,000 tonne of bulk cargoes such as maize, wheat and fertiliser and they would be set up in a built-up area of 7,000 sq metre. The sheds will be read
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Cargo volume declines 6% in major ports
At 43 million tonne (mn t), cargo volume at the 12 major ports in the country declined 6.2 percent in April from 46 mn t in the year-ago month. The fall in cargo volume is mainly attributed to a decline in cargo handling at Mormugao Port in Goa as well as Mumbai Port
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Vested interest dominate agenda of major ports; experts
Experts allege that the board of boards of trustees of the 11 major ports in the country are filled with people who promote their own interests rather than that of the ports. They point out that the boards are composed of shipping agents, defence and navy personnel, officials of the directorate general of shipping, Indian Railways offic
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Income of Gujarat Pipavav Port rises in March quarter
Net sales or income from operation of Gujarat Pipavav Port rose to Rs 124.47 crore during Jan-Mar 2013 from Rs 100.38 crore in the year-ago period. The port posted Rs 35.37 crore net profit during the quarter under consideration against Rs 14.08 crore in the corresponding period of
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Industry seeks steps to promote coastal shipping
The participants of a one-day summit on the Coastal Shipping and IWT (inland water transport) in Kerala demanded the government to take steps to promote the sector. Specifically, the participants want the government to grant infrastructure status to coastal shipping on the lines of inland water transport