Shipping Corporation of India (SCI) is taking efforts to diversify its operation into allied areas in order to mitigate losses on the back of slowdown in the global shipping industry. The company, which is suffering losses from its mainstream business, plans to diversify into dredging operation
Category: Ports & Shipping
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SCI can take possession of 7 vessels of erstwhile JV
Sources from the union shipping ministry informed that the discontinuation of the joint venture between Shipping Corporation of India (SCI) and Irano Hind Shipping Company would add seven ships to the former's fleet. SCI will get the seven vessels as it agreed to repay the loans of the joint venture. It is learnt that the joint ventu
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Deregulation of tariff may attract pvt investment
Media reports indicate that the shipping ministry's move to deregulate tariff at the existing container terminals at major ports may instill confidence in private sector players to invest in port projects. According to the tariff regime introduced in 2005, the Tariff Authority for Major Ports (TAMP) decides the rate that can be charged by the existing terminals at major ports
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Cabinet clears Rs 17 bn second dock project
Union Minister of Shipping GK Vasan informed that the cabinet cleared the proposed Rs 1,700-crore second dock complex project at Haldia recently. It is learnt that the West Bengal government allocated around 160 acre of land for the proposed facility. Kolkata Port Trust (KoPT), however, failed to attract private participants for the project. Though the port auth
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Govt to create 280 mn t cargo handling capacity in FY14
Union Shipping Ministry plans to create cargo handling capacity of 280 million tonne (mn t) at major ports in the country mainly through the public-private-partnership (PPP) mode during 2013-14. In 2012-13, the port awarded 32 port projects with a predictable investment of Rs 6,700 crore. Speaking at the 50th National Maritime Day celebrations, Union Shipping Minis
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Govt to create 280 mn t cargo handling capacity in FY14
Union Shipping Ministry plans to create cargo handling capacity of 280 million tonne (mn t) at major ports in the country mainly through the public-private-partnership (PPP) mode during 2013-14. In 2012-13, the port awarded 32 port projects with a predictable investment of Rs 6,700 crore. Speaking at the 50th National Maritime Day celebrations, Union Shipping Minis
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Kakinada port to spend Rs 650 cr on dredging project
KV Rao, Chairman of Kakinada Deep Water Port informed a leading media that the port would spend Rs 650 crore over the next two years on dredging activity. The dredging activity is intended to increase depth of the entrance channel to 16 metre from the present 14 metre, reports suggest. The port authority expects to complete the dredging project by December 2014 after which the port
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KPT to close bids for cargo handling contract on April 23
The Kolkata Port Trust (KoPT) would close the tender inviting bids for cargo handling at two berths in Haldia Dock Complex (HDC) on April 23. The port authority wants to engage a new cargo handling firm following the exit of Haldia Bulk Terminal (HBT) in November 2012
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Cargo volume at KoPT declines 7.79%
Cargo volume handled by Kolkata Port Trust (KoPT) stood at 39.88 million tonne (mn t) in 2012-13, which is 7.79 percent lower than 43.25 mn t in the previous fiscal. In 2012-13, cargo throughput attained by Kolkata Dock System (KDS) declined 3.5 percent at 11.8 mn t. On the other hand, cargo handled by Haldia Dock contracted 9.4 percent to 28.08 mn t during the fiscal. Repo
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NMPT conducts trial operation at new berth
P Tamilvanan, Chairman of the New Mangalore Port Trust (NMPT) informed media persons that the port was conducting trial operation at the new berth for handling petroleum products. The port has already completed civil works on the berth, which can handle ships of 1.25 lakh DWT (dead weight tonnage). (DWT is a measure of how much weight a ship can carry