Union shipping ministry released a draft guideline for the tariff structure of the Major Port Trusts (MPTs). According to the guideline, the MPTs would be allowed to set their own tariff, which can be higher or lower than the reference tariff set by the Tariff Authority for Major Ports (TAMP
Category: Ports & Shipping
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Ministry releases draft norms for tariff structure
Union shipping ministry released a draft guideline for the tariff structure of the Major Port Trusts (MPTs). According to the guideline, the MPTs would be allowed to set their own tariff, which can be higher or lower than the reference tariff set by the Tariff Authority for Major Ports (TAMP
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JNPT to upgrade port connectivity infrastructure
In order to make its proposed fourth container terminal project more attractive to bidders, Jawaharlal Nehru Port Trust (JNPT) plans to boost connectivity infrastructure at the port. The port authority plans to upgrade its approach roads and rail connectivity to make the project more attractive to the private operators
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Directorate of Shipping to lease vessels
Port Blair is a notified port by the Indian government and is classified as an "intermediate port". It serves as the main port of call for services from the mainland to the union territory and is also the principal hub for shipping in the islands.
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KPT to hire contractor for repairing service
Kandla Port (KPT), the country's largest port in terms of cargo handling, is in the process of setting up an oil jetty to handle liquid cargo and ship bunkering terminal at old Kandla. The entire project is estimated to cost Rs 233 crore and will be developed on build, operate, transfer (BOT) basis under public private partnership (PPP) mode.
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DCI issues tax-free bonds worth Rs 5 bn
Dredging Corporation of India (DCI) is issuing tax-free bonds worth Rs 500 crore and has offered a coupon rate of 6.47 per cent for qualified institutional investors, domestic companies and high net worth individuals. The coupon rate is 7.47 per cent for retail investors. The bonds are of 10-year tenure and 40 per cent of the issue is earmarked for retail investors
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Phase II of Hambantota Port project seen in 2014
The second phase of the construction of the Port of Hambantota, situated about 19 nautical miles north of the key shipping route between the Malacca Strait and the Suez Canal, is expected to be operational in 2014. The dredging for the second phase was slightly dela
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Kochi port to implement Rs 8 bn wharf project
Kochi port, which is taking steps to implement a
Rs 800 crore wharf project at old Matttanchery, asked the state-owned KITCO to carry out a feasibility study for this purpose. The study would be completed in two months time. The proposed wharf would have 400 meter waterfront with 20 acre of back-up
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SCI plans to invest Rs 19 bn in FY14
Shipping Corporation of India (SCI) plans to spend
Rs 1,939 crore during 2013-14, far less than Rs 2,497 crore spent in 2012-13, Union budget documents shows. The investment would be financed through internal and extra budgetary resources. Sunil Thapar, director-bulk and tanker division, SCI said the company wants to cons
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CCEA clears Rs 17 bn port project
The Cabinet Committee on Economic Affairs (CCEA) cleared the Rs 1,707 crore multi-purpose berths and mechanised berths project at Kolkata Port Trust. These projects, which would enhance the port cargo capacity by 23.4 million tonne (mn t), would come up at Haldia Dock II (North) and Haldia Dock II (