The director board of Vizhinjam International Seaport approved the master plan for the proposed Vizhinjam port project. The project authority has reportedly sent a copy of the master plan to the International Finance Corporation, which is doing the Environment Impact Assessment (EIA) study for the project.
Category: Ports & Shipping
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ICTT loses cargo traffic on rise in cost
The International ContaÂiÂner Transshipment Terminal (ICTT) at Vallarpadam is said to be losing cargo volume to other ports because of increase in the cost of operation.The terminal operator in ICTT has reportedly raised the handling charges. The on-availability of examination yard inside ICTT has also raiÂsed cost.
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Head count falls at Kandla port
Gujarat-based Kandla Port witnessed a marginal decline in its staff strength during 2001-2009, a study by the apex industry body Assocham found. The employee strength has reduced marginally by about 1 percent or so at Kandla, where the number of employees dropped from over 4,300 to just over 4,000 during the aforementioned 10 years period, says the study.
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Trial run at Kattupalli port
A trial run of a container vessel at Kattupalli Port went as per plan and without any hitch. Following this, the port is ready to handle more container ships, reports indicate. The container vessel Maersk Dalton completed the maiden trial run between the Chennai Port Trust and Kattupalli Port. During the trial run, officials tested the systems, crane operations and immigration procedures.
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Govt clears 14 FDI proposals
Mumbai-based Hindustan Port received government approval to receive foreign funds worth Rs 440 crore for investment in downstream companies. The above plan is part of the 14 foreign direct investment (FDI) proposals worth about Rs 1,311.60 crore approved by the government recently based on the recommendations of Foreign Investment Promotion Board (FIPB).
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ABG, PSA for JNPT project
Union Minister for Shipping GK Vasan informed that the world's largest port operator PSA International and the ABG Group would be allowed to bid at the fresh tender for the proposed fourth container terminal project at Jawaharlal Nehru Port Trust (JNPT) as long as they are not blacklisted. The contract given to the above two firms for constructing the 4.8 million tonne container terminal was cancelled as they failed to sign the concession agreement within the stipulated deadline.
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IFC to submit report on Vizhinjam Port project
Agency reports indicate that the International Finance Corporation (IFC) would soon submit the environment impact assessment (EIA) report for the proposed Vizhinjam Port. Part of the World Bank Group, IFC is the largest global development institution focused exclusively on the private sector in developing countries
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Paradip Port awards Rs 210 cr contracts to Mercator
Odisha-based Paradip Port Trust awarded two contracts worth Rs 210 crore to the diversified conglomerate Mercator Group. In a communication to Bombay Stock Exchange, Mercators said the contracts pertain to maintenance dredging of the approach and extended approach channel
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Vizag port to operationalise coal handling unit
Ajeya Kallam, Chairman of Visakhapatnam Port informed that the port authority would soon operationalise the fully mechanized coal-handling facility at its general cargo berth. The mechanized coal-handling facility is intended to provide a lasting solution to pollution. He informed this after hoisting the National Flag on the
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Cochin Port plans CFS to develop Vallarpadam
Kochi Port Trust has reportedly planned to set up
container freight stations (CFS) in order to develop Vallarpadam into a major logistics hub by earmarking 54 acres near the ICTT with private participation. Setting up CFS facilities near ICTT would benefit traders as they can meet all their shipping requirements under