Great Eastern Shipping Company (GE Shipping), which has a fleet size of 33 vessels, plans to add fuel efficient tankers with new eco design features that would be compliant with Energy Efficiency Design Index requirements. In this regard, the company, has placed an order for a new Medium Range Product Tanker of about 50,000 dwt with
Category: Ports & Shipping
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PPT seeks waiver of license norms
Paradip Port Trust (PPT) is awaiting a positive response on its request to waive license norms for storing imported coal at its warehouse. The port is mandated to secure a storage licence and a transport license for all mineral transactions under the Odisha Mineral (Prevention of Theft, Smuggling and Illegal mining and Regulation of Possession, Storage and Tran
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Paradip Port seeks waiver of license norms
Paradip Port Trust (PPT) is awaiting a positive response on its request to waive license norms for storing imported coal at its warehouse. The port is mandated to secure a storage licence and a transport license for all mineral transactions under the Odisha Mineral (Prevention of Theft, Smuggling and Illegal mining and Regulation of Possession, Storage and Transportation) Rules, 2007.
The norm is intended to check unauthorised use of the stateÂ’s natural resources. The time-consuming and unneces
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Royalty on cargo handlers
In a bid to increase its revenue, the Kolkata Port Trust (KoPT) is considering to charge a royalty of Rs 25 per tonne on cargo
handlers at the Haldia Dock Complex (HDC). The port set up a committee to decide on the royalty that may be charged from cargo handlers. The committee decided upon a rate of Rs 25 per tonne. This is primarily for shore handling at the Haldia Dock Complex, reports indicate.
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Captive berth in Kandla Port
Narendra Murkumbi, Managing Director of Shree Renuka Sugars (SRS) informed that the firm, which secured a contract to operate a captive berth in Kandla Port, expects to start operation in a year.Through this captive berth, SRS plans to handle about one million tonne of raw sugar and about 2.5 lakh tonne of coal to fuel its refinery. The capacity creation at port will require investments of Rs 22 crore.
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OdishaÂ’s port connectivity projects
Odisha government proposed the National Highways Authority of India (NHAI) to upgrade road connectivity to six non-major ports in Astarang, Baliharchandi, Gopalpur, Dhamra, Chudamani and Subarnarekha. It may be recalled that in February 2012, the Odisha government awarded the contract for feasibility studies for four-lane connectivity to these non-major ports to two consultants.e "preloaded content"
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Ramayapatnam port work
Work on Ramayapatnam port in Prakasam district of Andhra Pradesh will begin in the new year, the State Municipal Administration Minister M Mahidhar Reddy said. According to Reddy the district was poised to witness tremendous growth on the industrial front with the coming up of the second major port in the State after Visakhapatnam. A proposal for setting up a Rs 3,000-crore industrial corridor was being considered, he added.
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Dredging Corp, ports to raise ` 3,500 cr via infra bonds
Union Shipping Secretary PK Sinha has said that through tax-free infrastructure bonds the Jawaharlal Nehru Port, Mumbai, Ennore Port and Dredging Corporation of India (DCI) will together raise around Rs 3,500 crore.
While JNPT will issue the bonds for Rs 2,000 crore to finance its dredging work, the Ennore Port (EPL) will raise
Rs 1,000 crore for infrastructure augmentation. The DCI will raise Rs 500 crore to procure a new dredger.
The Government, in the previous budget, had allocated Rs 5,00
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Kolkata Port investment plan
In order to reverse the decline in cargo traffic 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.
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Workers’ strike at major ports on Feb 20, 21
To protest against the 'anti-labour and anti-port policies' of the government, workers of major ports in India will strike work on February 20 and 21. SR Kulkarni, president, All India Port & Dock WorkersÂ’ Federation said that the present policy of the government enforced under the pretext of port reforms is nothing but intended to handover the existing ports into the hands of multinational companies.