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
Category: Ports & Shipping
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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 RussiaĆās 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
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ABG, PSA may bid for JNPT project
Union Minister for Shipping GK Vasan informed that the 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 cons
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Bill to declare Lakhipur-Bhanga stretch as a National Waterway
To declare the 121 km Lakhipur-Bhanga stretch of the Barak River as a National Waterway the Union Cabinet on January 10 approved the introduction of a Bill in the Parliament. The Cabinet also gave its approval for preparation of projects/schemes for development of infrastructure facilities on this stretch of the river at an estimated cost of Rs.123 crore with implementation in two phases.
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Head count at Kandla port falls marginally
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 empl
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NGO seeks probe on revenue loss to Kolkata Port
A non-government organisation (NGO) has sought a commercial audit by the Comptroller and Auditor General of India to ascertain the revenue loss to the Kolkata Port from certain private contracts. According to the NGO the National Forum For PeopleĆās Rights, the award of a service contract by the Kolka
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Lakshadweep proposes wharf project at Old Mangalore Port
The Lakshadweep union territory government has sent a draft proposal to the Karnataka government to set up a 300-metre-long dedicated wharf at Old Mangalore Port for the benefit of the Lakshadweep administration. Hamdulla Sayeed, Member of Parliament from Lakshadweep informed this when he visited the Old Mang