Essar Africa Holdings, the African subsidiary of Essar group, plans to invest $275 million on developing a 10-million tonne (mn t) port in Mozambique. The project is currently on the drawing board, reports indicate. At a time when the group is looking at growth opportunities and overseas projects, the proposed port may facilitate exports from Zimbabwe Iron and Steel Company (ZISCO), a Zimbabwe-based company it acqu
Category: Ports & Shipping
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Existing terminal operators submit plea to PM
Existing private terminal operators of ports have demanded that the proposed guidelines by the shipping ministry, if approved, also cover existing terminals as tariff fixation under the 2005 guidelines has hampered their growth. The ministry earlier announced that the proposed guidelines would apply only to new Public-Private Partnership (PPP)
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Hanjin Shipping India launches new service from Mundra
As part of its strategy to expand service offering to Indian traders, shipping firm Hanjin India decided to launch an additional service, jointly with Simatech and Evergreen, from Mundra Port to East Africa. The new service, which is intended to offer Indian customers a reliable, direct sailing to East Africa, will operate four 1,800 Twenty Foot Equivalent Unit (TEU) vess
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India to boost coastal shipping with Bangladesh
The feasibility and potential of Coastal Shipping between India and Bangladesh was discussed In the Shipping Secretary-level talks held on 2nd Ăâ 3rd July, 2012 in Dhaka, Bangladesh. Subsequently, it was also discussed in the Directors General (Shipping) level talks held on 26th September, 2012 at Visakhapatnam, India and on 14-15 January, 2013 at CoxĂâs Bazar, Banglad
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Kandla Port creates record in loading cargo
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 hourĂâs 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
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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