Cochin Port Trust (CPT) plans to develop a dedicated cruise berthing facility within a year to become the first exclusive cruise berth in the country. Currently a cruise terminal is operational at the Cochin Port, but cargo vessels also berth near it. The port plans to expand the berth length by 100 meter from its current length of 180 meter and convert it into an exclusive cruise bert
Category: Ports & Shipping
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Proposed wharf project may cost Rs 44.5 cr
The proposed wharf project at at Mangalore Old Port is estimated to cost around Rs 44.5 crore, Lakshadweep MP Muhammad Hamdullah Sayeed informed reporters. The Lakshadweep government proposed to construct the wharf at the port and expects to begin work on it once the Karnataka government clears the proposal
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ABG Shipyard mulls greenfield project in Gujarat
ABG Shipyard, which has one shipyard each at Surat and Dahej with a total area of approximately 620,000 sq m, proposes to set up a third one at an unknown location in three phases in Gujarat. The company sent a proposal for the same during the Vibrant Gujarat Global Investors Summit 2013. Besides, the firm also plans to expand its facilities at Dahej and Magdalla in three phases, with an estimat
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Ministry proposes steps to revive shipbuilding sector
In order revive growth in the sagging shipbuilding sector, union shipping ministry has proposed a 15 per cent subsidy for domestic shipbuilders on the cost of ocean-going vessels. Nearly six years after the subsidy scheme was discontinued, the ministry is trying to revive it for private shipbuilders in
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KoPT evaluates bids for cargo handling contracts
Reports suggest that Kolkata Port Trust (KoPT) is evaluating the applications submitted by three bidders for the mechanised dry bulk cargo operations at berths 2 and 8 at the Haldia port. The three bidders are TM International Logistics (TMILL), Boxtrans Logistics (India) Services, and a consortium of Singapore-based Ocean Connection and Seap
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Adani Group eyes port in eastern India
Expecting tremendous potential for the port sector, Adani Group plans to spend around $1 billion to acquire a private sea port on the country's eastern coast before March 31. Gautam Adani, Chairman of the firm said this in an interview. Adani Group, which runs one of India's largest ports, at Mundra in western India, is also developing ports in Da
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ChPT introduces new scheme to attract bulk cargo
Chennai Port Trust (ChPT) has introduced Berth Reservation Scheme (BRS) in order to attract break bulk cargo and dry bulk cargo and has also dedicated one of the berths for the scheme. Under the scheme, the port would offer priority berthing facilities for export-oriented vessels in Jawahar Dock
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Essar to spend Rs 100 bn on port projects in Gujarat
At the sixth edition of 'Vibrant Gujarat, Essar Group said it would invest an additional Rs 14,000 crore in the port sector and water supply projects in the state. The group is said to have already invested Rs 88,000 crore in the state. Of the proposed fresh outlay, the group plans to invest Rs 10,000 crore on developing ports in Hazir
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Port to decide on bid for cargo berth contract
The board of trustees of VO Chidambaranar port would decide on the bid submitted by Transstroy (India)
to build a Rs 355 crore berth for loading 7.28 mn t of thermal coal and copper concentrates a year. Transstroy has reportedly quoted a revenue share price bid of 28 percent. Transstroy (India) is said to be having a technical tie-up with RussiaÂ’s Corporation Tran
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Odisha govt received less guarantee from port developers
According to a report by the Comptroller & Auditor General (CAG), the Odisha government received less performance guarantee from minor port developers than that prescribed by the model concession agreement. For example, the developer of Astaranga port agreed to pay only 1 per cent performance guarantee as agai