Kandla Port Trust is said to have invested Rs 20 crore in the tax-free bonds issued by Ennore Port, the entity that runs Ennore Port in Tamil Nadu. According to Kandla Port, the ministry of shipping asked it to subscribe to the bond issue of Ennore Port. The direction from the ministry came understandably because of the poor response from investors to the bond
Category: Ports & Shipping
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CPT wants govt to introduce registry system
The Cochin Port Trust (CPT) suggested the port department of Kerala government to introduce a system of issuing the certificate of registry to boats on an annual basis. The port said this in a statement filed in the Kerala High Court in response to a writ petition seeking a directive to ensure that boats plying in the backwaters had valid
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New tariff norms may apply if JNPT calls fresh bidding
The new port tariff norms, introduced by the shipping ministry, would be applicable to the 330-metre container berth project at the Jawaharlal Nehru Port Trust (JNPT) if the award of contract were to be cancelled for any reason and bids re-invited for the same project next fiscal. DP World emerged the successful bidder for the proje
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ONGC, BPCL, Mitsui sign MoU with Mangalore Port
On March 18, ONGC, Bharat Petroleum Corp (BPCL), Mitsui of Japan and New Mangalore Port Trust entered into an agreement for setting up a liquid gas (LNG) import terminal at Mangalore. All the four parties signed a Memorandum of Understanding (MoU) for the proposed $500-750 million terminal, which will have an initial capacity of 2-3 millio
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Kolkata Port negotiates with 2 bidders
RPS Kahlon, Chairman of the Kolkata Port Trust informed that the port was negotiating with the two lowest bidders to reduce the bids for operating two berths at Haldia Dock Complex (HDC). The port wants the price to be below Rs 200 per tonne, Kahlon said at an event of the Bengal National Chamber of Commerce and Industry
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India to ship Kingfisher planes to leasing firms
To prevent India's image from being dented in the global market, the Union Civil Aviation Ministry may issue a guidance to release all Kingfisher Airlines aircraft parked at Indian airports to international leasing companies. The move comes in the wake of growing disquiet among major leasing companies over India's refusal to hand over the aircraft and fears that much-needed aircraft finance would be stopped to Indian airline companies.
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Report calls for barge service between Chennai and Ennore ports
Recently, Union Shipping Minister GK Vasan released a pre-feasibility report titled ĂâLogistics Collaboration between Ennore and Chennai portsĂâ, prepared by the Confederation of Indian Industries (CII). The report calls for setting up a Ăâmarine highwayĂâ to ferry containers by barges between Chennai and Ennore ports. The highway is intended to decongest the road highw
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Cargo handling doubles at Dhamra Port
Agency reports indicate that the cargo handling at the Dhamra Port in Odisha doubled during 2012-13 to 10 million tonne (mn t) from over 5 mn t in the previous year. Between April 1, 2012 and March 5, 2013, the port handled 10 mn t cargo. During this period, the port handled over 8 mn t of import cargo -- the highest by any Indian port in only the second year of its operations, repo
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Ministry’s move may instill confidence
Industry observers feel that the recent policy steps taken by the union shipping ministry may instill confidence among investors and thereby improve the pace of port project execution. A key step taken by the ministry is to allow terminal operators at major ports in the country to fix market-linked tariffs for projects coming up after April
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Work on Gopalpur Port progresses according to schedule
Sources from Gopalpur Ports (GPL) informed that the improvement and construction work of the port was progressing as per the schedule. The breakwater to the south of the port had to be of 2,170 meter long. Its 1,700 meter was complete. The work of intermediate breakwater has been