The Parliamentary Standing Committee on Transport, Tourism and Culture asked the state-run Shipping Corporation of India (SCI) to review its fleet acquisition orders already placed. SCI decided to acquire 62 vessels based on the resources available for such a huge procurement rather than based on need, the committee said. The committee feels that SCI's fleet acquisition order may lead the firm into financial trouble like Air India. While the company intended to buy 62 vessels during the
Category: Ports & Shipping
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NMPT may post Rs 138 cr net surplus
The New Mangalore Port, which recorded a 12.43 percent growth in cargo volume in 2012-13 at 37.04 million tonne (mn t), may announce about Rs 138 crore of net surplus during the year, reports indicate. If the port is able to post the above net surplus, then it would be the 8th consecutive year that the figure exceeds Rs 100 crore, reports suggest
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Sri Lankan govt takes steps to upgrade port infra
Sri Lankan government is taking efforts to upgrade its port infrastructure and as part of this it is investing $2.5 million on harbour in the south of the country and is executing an expansion project for the Colombo port. The government, which aims to promote the country as a "port hub" borrowed considerably to achieve this goal, and it is also wooing international investors to participate in the
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Cabinet discusses investment in Chabahar Port
At a recent meeting chaired by Prime Minister Manmohan Singh, the union cabinet discussed the country's plan to develop infrastructure in and around the Chabahar Port in Iran. It is learnt that the government may formally announce its decision on developing the port infrastructure after
External Affairs Minister Salman Khurshid discusses the same with IranĂâs Foreign Minister Ali Akbar Salehi in Tehr
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Mega port projects up for bidding in 2013-14
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
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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