Media reports suggest that the Indian Railways is confident of attracting the targeted investment in port connectivity projects during the next five years. The railways set a target of around Rs 5,000 crore investment in port connectivity over the next five years. To begin with, they expect investment worth Rs 3,800 crore
Category: Ports & Shipping
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JNPCT set to handle more containers in FY13 than last year
Reports suggest that the Jawaharlal Nehru Port Container Terminal (JNPCT) is set to achieve higher throughput of container cargo in 2012-13 compared to last year. So far in 2012-13, the terminal handled over 1-million Twenty Foot Equivalent Unit (TEU) of throughput. In anot
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Railways to attract Rs 50 bn pvt capital for port linking project
In the next five years, Indian Railways plans to improve rail connectivity to ports across the country by attracting private investment of around Rs 5,000 crore. The plan is expected to address bottlenecks in rail linkage to key ports in the country. In this regard, the railw
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Net profit of Great Eastern rises on forex gains
The consolidated net profit of Great Eastern Shipping more than doubled to Rs 192 crore during October-December 2012 from Rs 87.46 crore in the year-ago period. The company cited forex gains and decline in interest costs as major reasons for the rise in net profit
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Ennore port wants to raise capacity utilisation
MA Bhaskarachar, the new Chairman of Ennore Port wants to improve the utilization of various berths and increase the portÂ’s capacity to handle cargoes other than coal. By June this year, the entire port, including the approach channel and turning circle, will have a draft of 18 m
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Ministry sets up panel for 2nd major port in Gujarat
Union Minister of State for Shipping Milind Deora informed that his ministry set up a panel to study the feasibility of setting up another major port in Gujarat on the lines of Kandla Port. It is learnt that the committee will explore locations at which this second major port could come up. Gujarat alrea
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Kerala govt promotes coastal shipping
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
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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
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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
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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