Shipping ministry decided to exempt the regulation of the fixation of tariffs by the Tamp (Tariff Authority for Major Ports) for new port projects. However, the decision to abolish the tariff setting regulator's oversight is "in principle", the ministry said. The move would enable private players to take deci
Category: Ports & Shipping
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Consultant suggests to accept bid for Rs 37 bn terminal project
According to media reports, the consultant for the Rs 3,700-crore mega container terminal project in Chennai Port (ChPT) advised the port to accept the revenue share offered by Essar Ports. Essar Ports, which was the lone bidder for the project, offered 5.25 percent revenue share, which the port considers to
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Gangavaram Port works on expansion plan
Gangavaram Port in Andhra Pradesh is working on its expansion plan to raise its cargo handling capacity from the current 15 million tonne to 45 mn t. The project involves addition of three multi-purpose berths and a coal handling terminal. The port has a
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Shipping ministry expects to award all 42 projects by March
By March 2013, union shipping ministry expects to award all the 42 port projects targeted during 2012-13, Minister for Shipping GK Vasan informed reporters. Speaking to media persons, Vasan said most of these projects are for capacity addition, deepening of chan
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Shipping ministry expects to award all 42 projects by March
By March 2013, union shipping ministry expects to award all the 42 port projects targeted during 2012-13, Minister for Shipping GK Vasan informed reporters. Speaking to media persons, Vasan said most of these projects are for capacity addition, deepening of chan
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TN govt moves forward in L&T’s port project
In a move that signifies the early inauguration of the Rs 4,000-crore L&T port-cum-shipyard at Kattupalli in North Chennai, Tamil Nadu government held talks with the firm on the issue of jobs. Reports suggest that officials from various ministries of the state government held discussions with the c
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KoPT demands import duty from HBT
ABG Haldia Bulk Terminals (HBT) is said to have received a notice from the customs department of the Kolkata Port Trust (KoPT) demanding import duty on equipments. It is learnt that equipment of Rs 75-80 crore was imported without paying duty for operations at berth num
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Karaikal Port tries to overcome debt problem
According to media reports, Karaikal Port (KPPL) is finding ways to overcome its huge debt. Among the plans are refinancing or restructuring of debt or terminalisation of its port infrastructure. It is learnt that the port's projection of a sharp growth of traffic from items like fertilisers, crude or petroleum, and containers has not materialised. This is poss
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Kolkata Port to invest Rs 150 bn to attract traffic
In order to reverse the decline in cargo handling at Kolkata Port, the authority planned to invest Rs 15,000 crore on various development projects till the end of the 12th Five Year Plan (2016-17). Cargo handling at the port declined to 43.245 million tonne (mn t) in 2011-12 compared to 47.545 mn t in the previous fiscal. The decline is attributed mainly to a fall in liquid bulk as also in crude oil movement. Meanwhile, the port is planning to sell or lease land in seve
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Govt move may fast-track port projects
Experts feel that the recent move by the government to streamline security clearance for private-public-partnership (PPP) projects in the port sector may fast-track project implementation. According to the new procedure for security clearance, the shipping ministry would share a list of com