During the year 2013-14, mega port projects like the setting up of the fourth container terminal at JN Port, mega container terminal in Chennai and expansion of container terminal in Visakhapatnam may come up for bidding. Union government is said to be taking steps to expedite award of key infrastructure projects, including port projects
Category: Ports & Shipping
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Vizag port gets court notice on modernisation project
Visakhapatnam Port Trust received a notice from the Andhra Pradesh High Court, which is hearing a petition filed by the workers union against the port's plan to rope in a private party for modernisation and upgradation of facilities at the ore handling complex (OHC). It may be noted that the port invited global tenders for the project, which it intends to implement on design, build
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GPP’s capex may benefit the port
Some analysts feel that the proposed capital expenditure of Gujarat Pipavav Port (GPP) may benefit it in the long run. It may be noted that the port plans to execute Rs 11 bn worth projects to expand its present berth capacity. It plans to double container capacity by March 2015 to 1.5 mn TEUs and increase bulkhandling capacity to 10 mn ton
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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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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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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