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
Category: Ports & Shipping
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Dredging Corp, ports to raise ` 3,500 cr via infra bonds
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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.
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Security to be upgraded in Beypore port
Kerala's second largest port in Kerala Beypore port is all set for a major security upgrade. The move follows the recent audit of port security done at the port to ensure compliance with established security protocols. Kochi is the largest port in the state.
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Contract opportunities in PPT
Odisha-based Paradip Port Trust (PPT) plans to raise its cargo handling capacity from 80 million metric tonne to 143 million metric tonne by the year 2015 and to 252 million metric tonne by 2020 through a host of capacity expansion projects, the port said in its website. Towards this goal, the port plans to deepen channel and berths' to handle Cape size vessels (i.e. up to 1, 25,000 DWT size),
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JNPT loaded 4.32 mn standard containers
Jawaharlal Nehru Port (JNPT) loaded 4.32 million standard containers from three separate container terminals in 2011-12. Out of this, Gateway Terminals handled 1.89 million standard containers. Gateway is the biggest of the three container loading facilities by volume operating at JN port.
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PPT plans to expand cargo handling capacity
Paradip Port Trust (PPT) plans to expand its cargo handling capacity to 237 million tonne by the year ending 2020 in order to cater to the increase in EXIM trade. PPT is one of the major ports of India serving the eastern and central parts of the country.
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Cargo volume at major ports declines in Apr-Nov 2012
During April-November 2012, India's 12 major ports handled a combined 359.9 million tonne of cargo which is over 2.8 percent lower than 370.6 mn t handled in the year-ago period, data released by the Indian Port Association (IPA) showed. It is learnt that the volume of India's external trade handled by these ports declined to less than 60 percent from
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New Mangalore Port receives 2 cruise vessels
It is learnt that two cruise vessels from the US and the UK called at New Mangalore Port recently carrying a total of 1,088 passengers. Both the vessels sailed out to Kochi after a brief halt at the New Mangalore Port. With these two vessels, the New Mangalore Port has received seven cruise vessels so far in the current fiscal. A pre
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Ennore Port emerging as an automobile export hub
It is learnt that Ennore port, located 25 km north off Chennai, is emerging as an alternative for automobile exports because of capacity constraint in the Chennai port. Marc Nassif, Managing Director, Renault India, said the Ennore port provides adequate capacity and authorities are willing and helpful. The port is said to have shipped 1.04 lakh cars last year and expects this number to rise to 1.6