The Kerala government is taking steps to boost transport of cargo through inland waterways and coastal shipping route in order to ease pressure on road infrastructure and also to reduce carbon footprint. In this regard, the state government announced a subsidy of Rs 1 for every 1 tonne of cargo moved through the coastal shipping
Category: Ports & Shipping
Post
Post
Chinese firm takes control of Gwadar port
Chinese Overseas Port Holdings, which is a state-run company of Chinese government, took control over the management of Gwadar port, around 600 km (370 miles) from Karachi and close to Pakistan's border with Iran. The management of the port was handed over to the C
Post
Maheshwari creates record in cargo loading
Kandla Port Trust (KPT) congratulated handling agents Maheshwari Handling Agency and BS Shipping for loading a record 38,000 million tonne (mn t) Kaoline in just 1 day on m.v. Wingsail. The port authority also congratulated ship agent - BS Shipping Private, shippers - Gunjan Minerals & Clays LLP , Buyer - Ras Al Khaimah Company, UAE and Customs Hou
Post
Cargo volume at Kolkata Port declines in Apr-Dec 2012
Kolkata Port Trust (including Haldia ) witnessed 14.65 per cent decline in cargo handling at 28.86 mn t during April and December 2012. Haldia alone recorded 17.31 per cent drop in cargo volume at 20.2 mn t, official data shows. The other ports recording negative growth included Visakhapatnam 16.04 per cent at 44.2 mn t; and Chennai 4.87 per cent at 39.89 mn
Post
Paradip Port may post growth in cargo handling
Reports indicate that Paradip Port may handle more cargo in 2012-13 that what it handled in 2011-12. However, the port may not be able to meet the target of 63 million tonne (mn t) set by the union shipping ministry. In 2011-12, the port registered 54.2 mn t cargo handling. During Apr-Dec 2012, the port handled 45 mn t car
Post
Chidambaranar port appeals against stay order
VO Chidambaranar port, which is a major port in Tamil Nadu, appealed against the stay order of Tuticorin district court on the revision of royalty with the Madurai bench of the Madras high court. PSA International, which operates PSA-Sical Terminal at the port, secured a stay order from the district court in Tuticorin on the revision of the royalty it pays
Post
MbPT locked in legal battle with IHCL
Mumbai Port Trust (MbPT) and Indian Hotels Company (IHCL) are locked in a legal battle over paying of rent by the latter for the land IHCL occupies in Mumbai. According to media reports, MbPT demands a 'fair rent' from IHCL on the basis of six per cent yearly rent on the market value of the land as per the Ready Reckoner Rate
Post
Krishnapatnam Port handles 456 vessels
Krishnapatnam port, which is 25 km east of Nellore, Andhra Pradesh, handled 456 vessels until December 2012. The port handled 428 vessels and 15.41 million tonne of cargo in 2011-12 as against 417 vessels and 15.91 million tonnes in 2010-11. The port was inaugurated in July 2008 and is promoted by the Hyderabad-based CVR Group. The cont
Post
GAIL mulls foray into shipping sector
State-run Maharatna firm GAIL India plans to foray into shipping business in order to ferry the natural gas that it would source from different countries. The company is yet to decide whether to have its own ships or charter ships. But, it intends to have six to seven ships
Post
Net profit of Essar Shipping declines
Net profit of Essar Shipping declined to Rs 17.85 crore during Oct-Dec 2012 from Rs 48.65 crore in the corresponding period of last year because of higher costs and low crude freight rates in crude oil transportation. The firm reported revenue of Rs 792.66 crore, EBIT0