Handling agent and ship agent Mystic Shipping facilitated Kandla Port to create a new record by loading 31,000 million tonne (mn t) of millscale in less than 14.15 hours in the vessel mv Beacon SW. The cargo was loaded on to the vessel, which arrived at the Port on February 23. The ship had berthed under 24 hourÂ’s priority group for loading the cargo in bulk. The Customs House Agent (CHA) was Rishad Shipping and Clearing Agency and the stevedoring licence used was that
Category: Ports & Shipping
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BTL’s new service caters to agro-industry in TN
The fortnightly service launched by Bengal Tiger Line (BTL) caters to the agro-industrial heartland of central Tamil Nadu, Karaikal and Puducherry in India. BTL recently launched a container feeder service between Marg Karaikal Port in India and Colombo, Sri Lanka. It is a fortnightly call, every other Friday, and will later bec
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Industry welcomes removal of duty
Anil Devli, Chief Executive Officer of Indian National Ship Owners Association informed that the removal of excise and countervailing duty (CVD) is a big boost to the shipbuilders. He said the move would see more ships being built in India now. The Rs 300-crore subsidy will increase the cash flow, Dhananjay Datar, group Chief Financial officer, ABG Shipyard, said
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MbPT’s terminal project faces inordinate delay
Industry observers feel that Indira Container Terminal (ICTPL) may not be able to complete the proposed container terminal project at Mumbai Port Trust (MbPT) by December. It may be noted that the union shipping ministry set December 2013 as deadline for the project, which has been delayed by more than six years after the agre
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Govt takes steps to expedite port projects
Union Shipping Minister GK Vasan informed the Lok Sabha that the government initiated a number of steps including standardisation of RFQ, RFP and MCA documents for public private partnership (PPP) projects in port sector. He also said that the government increased delegation of financial powers to shipping ministry to acco
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Kolkata Port awaits centre’s nod for Rs 78 bn project
Kolkata Port Trust Chairman RPS Kahlon informed that the port was awaiting cabinet approval from the centre for the Rs 7851 crore Sagar port project in West Bengal. The West Bengal cabinet had approved the project and Kahlon expects the union cabinet to clear it soon
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Ennore Port expects 14% rise in cargo volume
According to an official press release, cargo volume at Ennore Port may rise 14 per cent to an all-time record of 17 million tonne (mn t) in 2012-13 from 14.96 mn t in the previous financial year. The cargo volume handled by the port surpassed the target of 16 mn t fixed by the centre for the financial year 2012-13 on February 28. The target for the entire financial year was achieved one month prior to the close of the financial year
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Cargo handling at New Mangalore Port rises
Cargo handling at the New Mangalore Port Trust rose 12.93 per cent to 33.61 million tonne during April-February of 2012-13 as against 29.76 mn t in the year-ago period. It may be noted that the port surpassed the total traffic handling of 2011-12 in the first 11 months of 2012-13. The total cargo handling was 32.94 mt during the entire 2011
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Experts suggest govt to fast-track port projects
Industry watchers and experts urge government to fast-track implementation of port sector projects. The shipping ministry has not been able to award any large projects last year owing to several reasons. While the projects could improve capacity for the port sector in the country, experts are worried about the pace at which the projects could be implemented. Last year, four separate port projects, estimated to cost
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Vizag Agriport awaits award of Rs 217.58 cr project
Vizag Agriport hopes to secure the Rs 217.58 crore fertiliser terminal mechanisation project from the Visakhapatnam Port Trust (VPT) by March. VPT signed a 30-year concession agreement with
Vizag Agriport in May last year for mechanisation of East Quay 7 on design, build, finance, operate and transfer basis. It may be recalled that the Vizag Agriport, a 74:26 joint venture between ABG-LDA Bulk Handling and IL&FS Mari