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
Category: Ports & Shipping
Post
Post
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
Post
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
Post
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
Post
Ministry can handover land to project developers
The ministry of shipping can handover the land to developers who operate seven port projects taken up under the Public-Private Partnership (PPP) mode as it received approval for the same from the cabinet. The cabinet recently cleared the proposal of the ministry for licensing of land to the developers. This will facilitate the ministry in augmenting the capacity of ports expe
Post
NMPT makes efforts to woo traders
The New Mangalore Port Trust (NMPT) is making efforts to woo importers and exporters from the neighbouring regions. For example, recently the port officials held consultations with exporters from Shimoga region in this regard. The officials urged the importers and exporters of Sh
Post
NMPT makes efforts to woo traders
The New Mangalore Port Trust (NMPT) is making efforts to woo importers and exporters from the neighbouring regions. For example, recently the port officials held consultations with exporters from Shimoga region in this regard. The officials urged the importers and exporters of Sh
Post
Odisha govt proposes 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 cons
Post
Chennai Port directs Adani Ports to central govt
According to industry sources, Chennai port directed Adani Ports and Special Economic Zone (APSEZ) to seek security clearance from the central government to bid for the proposed container terminal project. Chennai port, which is in the process of awarding the proposed Rs 3,686 crore container terminal project, received a representation from Adani Ports seeking eligib
Post
IIM study identifies ports for transshipment hub
A study by IIM Ahmedabad shows that Jawaharlal Nehru Port Trust (JNPT) would be the logical choice for a transshipment hub port on the west coast based on the commercial criteria. However, from an infrastructure perspective, the port does not have the draft to accommodate future generation vessels. Mundra is better placed as far as draft is concerned, the