Centre for Monitoring Indian Economy (CMIE) expects 4 percent growth in cargo traffic across all major ports in the country during 2013-14 compared to an anticipated contraction of 2.4 per cent in 2012-13. According to its projection, cargo traffic handled by major ports may rise to 568.5 million tonne in 2013-14 from
Category: Ports & Shipping
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Shipping players expects transport cost to be steady
Shipping sector in Kochi does not expect increase in transportation cost despite the recent hike in diesel prices because the trailer operators in the Vallarpadam Terminal are not likely to raise rates. Container trailer operators in the terminal are suffering from muted cargo traffic and hence they may avoid
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Major ports witness decline in staff strength
Major ports like Mumbai Port Trust, VO Chidambaranar Port, Kolkata Port Trust, and Chennai Port Trust witnessed decline in employee strength at a Compounded Annual Growth Rate (CAGR) of 5 percent or above. This was observed in a study titled titled ‘Employment Scenario at Major, Minor and Intermediate Ports in India’ conducted by the Associated Chambers of Commerce and Indu
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NMPT woos coffee exporters from Hassan
The New Mangalore Port Trust (NMPT) requested coffee exporters from Hassan to make best use of the port, which is around 165 kilometer (km) from Hassan. In view of the forthcoming coffee plucking season, the port trust held an interactive session with the coffee exporters. Major coffee exporters from Hassan region and officials from the Coffee Board attended the
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MPT loses iron ore cargo
Reports suggest that the Mormugao Port Trust (MPT), which is losing considerable cargo traffic in recent months, requested the central government for help to tide over the crisis. The port has been losing iron ore export traffic following a court order banning iron ore mining in Goa. Export of iron ore and pellets account for nearly 80 percent the portÂ’s total traffic
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Adani Group to strengthen presence in port sector
Adani Group, which operates Adani Ports in Gujarat, plans to strengthen its presence in the port sector by lining up greenfield projects and also by acquiring some port companies. As part of this strategy, the group is constructing ports in Hazira, coal berths in Mormugao and Vizag and a dry b
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Essar Ports aims to handle 55 mn t cargo
Essar Ports aims to handle 55 million tonne (mn t) of cargo in 2012-13 compared to 40 mn t it had handled in the previous fiscal. It may be noted that the port recently commissioned a 16 mn t per year dry bulk terminal at Paradip Port for handling iron ore mainly for its group company Essar Steel and dry bulk cargo for third party cont
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Essar Ports handles 180 ships in Oct-Dec 2012
During the third quarter of FY13, the company's terminals handled a “record” 180 ships, as against 114 ships handled for the corresponding quarter of last year. Meanwhile, the port aims to raise its cargo handling capacity to 158 million tonne per annum from the present 104 mn t
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Ministry reviews decision to exempt pacts from CCI
The Ministry of Corporate Affairs is discussing whether to extend exemption of Vessel Sharing Agreement (VSA) and Voluntary Discussions Agreement (VDA) from the purview of Competition Commission of India (CCI). It may be recalled that the ministry exempted these agreements from the purview of the fair trade for a perio
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CSLA cries foul on light dues
Industry body of shipping companies complain that the Light Dues charged by the Customs Department on containers carried on decks of ships docked in all the major ports raises costs of operation. Therefore, the Container Shipping Lines Association (CSLA) plans to request the Shipping Ministry to intev