New Mangalore Port Trust (NMPT) has reportedly handled 37,101 Twenty Foot Equivalent Unit (TEU) of container cargo so far during 2012-13 compared to 35,792 TEU handled during the corresponding period of 2011-12. This represents a growth rate of 3.66 percent. The port expects the container traffic to rise going forward once
Category: Ports & Shipping
Post
Post
Container terminal at Katupalli Port to go on stream
The Rs 2,000-crore container terminal at Larsen & Toubro's (L&T) Katupalli port near Chennai is expected to go on stream soon. Tamil Nadu Chief Minister J Jayalalithaa planned to inaugurate the terminal, which has been ready for operation for over five months. The inauguration was dela
Post
NMPT handles 13% more cargo since April 2012
Cargo handling by the New Mangalore Port (NMPT) rose 13.08 per cent to 30.08 million tonne between April 1, 2012 and January 29, 2013 from 26.6 mn t in the year-ago period. With this, the port exceeded the cargo handling target set by the shipping ministry for the first 10 months of 2012
Post
Cargo handling project to be awarded soon
In another one month, Kolkata Port Trust (KoPT) plans to award the contract for mechanised dry bulk cargo handling operations at berths 2 and 8 of Haldia docks to new concessionaires. The port authority is in the process of re-tendering the contract after the exit of ABG-LDA promoted Haldia Bulk
Post
CMIE expects 4% growth in cargo traffic in 2013-14
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
Post
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
Post
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
Post
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
Post
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
Post
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