RPS Kahlon, Chairman of Kolkata Port Trust (KoPT) informed that the proposed container terminal project at Diamond Harbour in West Bengal would benefit from the proposal of the Railway Ministry to invest Rs 3,800 crore on port connectivity projects. He said KoPT welcomes the proposal as it will help the cargo evacuation and linkages in the proposed Diamond Harbour Container Terminal and Sagar
Category: Ports & Shipping
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Mumbai Port takes steps to offload Lanco equipments
Reports indicate that Mumbai Port Trust is taking steps to auction boiler, turbine and generator (BTG) imported from China or Singapore by Lanco Infratech for its 1,320 mw Wardha power project in Maharashtra. It may be noted that the company had neither paid custom duty nor port charges towards the imported items for past many months, which had forced the port to take
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JNPT files prospectus for Rs 20 bn bond issue
Securities and Exchange Board of India (SEBI) received a request from the Jawaharlal Nehru Port Trust (JNPT) to allow it to raise a maximum of Rs 2,000 crore through tax free bonds. Earlier, the union finance ministry allowed JNPT along with Dredging Corporation of India (DCI) and Ennore Port to raise collectively Rs 3,500 crore through tax free bonds
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Minister announces Rs 75 bn outer harbour project at Tuticorin port
In a move that would add 42 million tonne capacity to Tuticorin port, the union budget 2013-14 announced the Rs 7,500 crore project to set up an outer harbour. The Finance Minister P Chidambaram announced while presenting his eighth budget on February 29. The minister also said a new port will come at Andhra Pradesh. Three Southern states including Tamil Nadu, Andhra Prad
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AME to include ICTT in its service
Shipping firm Asia Med Europe (AME) made International Container Transshipment Terminal (ICTT) on Cochin Port an additional port of call. The service will attach the terminal to Alexandria/Ashdod/Haifa/Mersin. AME would launch the maiden voyage of the weekly service on March 26. The port rotation is as follows:Cochin (ICT
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CLSA Mauritius offloads partial holding in Essar firms
Through open market transactions on the stock exchanges, CLSA Mauritius sold 33.54 lakh shares (amounting to 0.78 per cent) of Essar Ports for an average price of Rs 83.84 apiece valuing the deal at Rs 28.12 crore. In another transaction, the foreign fund house offloaded its entire stake of 1.28 per cent or 26.27 lakh scrips of Essar Shipping to Leman Diversified Fund. The shar
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Shipping firms agree to launch service from Abu Dhabi
A consortium of shipping firms -Orient Express Line (OEL), Simatech and X-Press Feeders - arrived at an agreement with Abu Dhabi Terminals (ADT) to launch service between Khalifa Port Container Terminal (KPCT) and India. It may be noted that ADT is the manager and operator of Abu DhabiÂ’s four main commercial ports. The proposed direct service would link trade between Abu Dhab
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SC hears case on APSEZ
The Supreme Court is hearing a case on halting the operation of 12 companies at Adani Ports and Special Economic Zone (APSEZ) in Mundra, Gujarat. Some of the companies appealed the Gujarat High Court decision to halt their operation in the APSEZ on grounds that they have not secured environmental clear
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KoPT may shortlist bidders on March 15
Kolkata Port Trust (KoPT) is likely to shortlist the interested bidders for the Rs 1,500-crore, 1.2 million Twenty Foot Equivalent Unit (TEU) container terminal project at Diamond Harbour on March 15. It may be recalled that the port earlier extended the pre-bid application deadline to February 28 owing to lack of response from private players
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MPT woos traders from north Karnataka
Mormugao Port Trust (MPT), which is in taking efforts to diversify its cargo handling away from coal, asked traders from north Karnataka to make use of the port. In order to woo traders, the port in association with Karnataka Chamber of Commerce and Industry (KCCI), Hubli