During Apr-Dec 2012, Mumbai Port Trust handled 44 million tonne cargo compared to 40.2 million tonne in the year-ago period, which is a growth of 9 percent, the port authority said in a statement. Cargo handled during December increased to 5.2 million tonne from 4.6 million tonne for the same month in 2011. During Apr-Dec 2012, the port handled 45,776 Twenty Foot Equivalent Units (TEU) of container cargo, which is sam
Category: Ports & Shipping
Post
Post
India Ratings suspends rating for Pratibha Shipping
The ratings of Pratibha Shipping was suspended by India Ratings as the former failed to provide adequate information on its current debt repayment and status of operations of its various vessels. In the absence of these information, the rating agency is unable to make an assessment of the com
Post
Centre receives plea to remove custom duty on ship breaking
Union Finance Minister P Chidambaram received a request from the Gujarat government to reduce custom duty on import of ships being brought for breaking from 5 per cent to zero. Gujarat Finance Minister Nitinbhai Patel put this request at the pre-budget meeting convened by Chid
Post
Gujarat govt signs 8 MoUs for port development
The Gujarat government signed eight memoranda of understanding (MoU) with the attendants of the sixth Vibrant Gujarat Summit- 2013 for development of the existing ports as well as converting them into environmental-friendly or green ports. These eight MoUs are part of the 63 agreements worth Rs 1 lakh crore that the state government plans to sign with the private players for the development of the stateÂ’s port
Post
ABG files SLP with SC against HC order
Against the earlier order of Calcutta High Court, ABG Ports has filed a special leave petition (SLP) with the Supreme Court (SC) seeking approval to remove its equipment out of Haldia Dock Complex (HDC) in Kolkata Port. Earlier, the Calcutta High Court ordered the firm not to take the equipment out of India, and also said that special officers, along with
Post
NMPT achieves 11.5% growth in cargo handling
P Tamilvanan, Chairman of New Mangalore Port Trust (NMPT) informed Union Shipping Minister GK Vasan that the port recorded a growth of 11.5 percent in cargo handling during Apr-Dec 2012. The port handled 27.01 million tonne of cargo during the first nine months of 2012-13 as against 24.23 million tonne in the corresponding period of the previous fiscal
Post
Net profit of Gujarat Pipavav declines
The net profit of Gujarat Pipavav Port declined 38.2 percent to Rs 8.17 crore during July-September 2012 quarter compared to the year-ago period.The fall in the bottomline is attributed to the 6.5 percent decline in net sales to Rs 86.47 crore during the period compared to July-September 2011. Gujarat Pipavav Port is the country's first private sec
Post
Major ports see 3.09% fall in cargo traffic
During Apr-Dec 2012, major ports witnessed a 3.09 per cent decline in cargo traffic because of fall in throughput of finished fertiliser and iron ore. While the iron-ore traffic at major ports declined by half, handling of finished fertiliser slumped 33 per cent during Apr-Dec 2012. Iron ore handling by ports declined mainly because of the ban on ore exports from Karnataka. The drop in hand
Post
Largest bulk carrier arrives at Dighi Port
Recently, a gearless post-panamax vessel arrived at Dighi Port carrying coal and this is said to be the largest bulk carrier to call the port and one of the largest vessels to call any port in Maharashtra. On January 5, 2013, the vessel ‘MV Maverick Guardian’ having a LOA of 229 meters, a Deadweight Tonnage (DWT) of 82,739 million tonne and carrying stea
Post
CPT to develop dedicated cruise berth
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