S Natarajan, Chairman of the VO Chidambaranar Port informed that the management plans to set up a 6 lakh Twenty Foot Equivalent Units (TEU) container terminal in order raise the cargo handling capacity of the port. The terminal project may cost Rs 312.23 crore and concessionaire would offer gross revenue share of 55.19 percent. This would be the second container terminal of the port
Category: Ports & Shipping
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COP orders new tug vessel
Goa's Captain of Ports (COP) has ordered a new tug vessel which is being built at the cost of 5.65 crore in order to replace the existing one. The new tug vessel is 12 metric ton bollard pull compared to the pulling capacity of only 4 metric ton bollard of the present vessel. The new vessel is being built at Mandovi dry dock in Pilgaon
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China allays fears of India on Gwadar Port
Chinese Ambassador to Pakistan, Liu Jian allayed fears of the Indian government about Pakistan handing over management of Gwadar Port to China. Speaking at a function, the ambassador said the transfer of management is in the economic interest of the peoples of China and Pakistan
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Ministry to announce stand on tariff regulation
Union Shipping ministry may soon announce its stand on the applicability of tariff regulation for existing cargo-handling projects, which could be the most critical aspect of the tariff deregulation plan at ports. Major ports and private firms running cargo terminals at these ports have been seeking freedom to set rates bas
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BTL launches new feeder service
Bengal Tiger Line (BTL) would initially launch a fortnightly feeder service between Marg Karaikal Port and Colombo. The service would be upgraded to weekly as volumes stabilizes, an official release from Karaikal Port said. In its first call, the vessel Tiger Bridge carried 1,900 Twenty Foot Equivalent Unit (TEU) cargo to Karaikal Port, whi
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CMA CGM hikes freight rates
Effective March 3, shipping firm CMA CGM decided to raise freight rates on its trade from northern Europe to India and Pakistan. The firm would raise the tariff by $150 per 20-foot dry container and $200 per 40-foot dry container. Effective March 15, the ocean carrier will hike rates from all Asian ports to the east and west Mediterranean and Black Sea by $65
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Container throughput at Amingaon ICD may remain flat
The Amingaon inland container depot (ICD) in Guwahati may handle around the same number of containers in 2012-13 as last year, reports suggest. The ICD handled 2,600 twenty foot equivalent unit (TEUs) totaling 40 rakes in 2011-12. So far in 2012-13, the
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Beypore port plans to raise storage capacity
Jacob Thomas, Director of Beypore port assured all the stakeholders of the port that the management would examine whether it is possible to raise the storage area by occupying the land and buildings of Steel Authority of India (Sail). Recently, stakeholders of the port demanded for increased covered storage space. Shortage of port's own
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Beypore Port chief for exploiting coastal shipping opportunity
Jacob Thomas, Director of Beypore Port asked cargo vessel owners, potential stakeholders and shipping agents to exploit opportunities in coastal shipping by availing incentives offered by Kerala government. The state government announced a new coastal shipping cargo incentive programme under its coastal ship
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Ennore Port suggests use of land for rail link project
Ennore Port in Tamil Nadu suggested the state government to use a stretch of land for laying a rail link connecting the port to Nemilicheri, and eventually connecting the Chennai-Bangalore rail link. The 62-km ORR from Vandalur to Minjur is 125 m in width. A provision of 25 m had been made in the middle of the road for a possible railway link. Ennore Port suggested use of this space for constructing the