The Delhi High court would soon hear a petition field by the Indian Private Ports and Terminals Association on the tariff guidelines issued by Tariff Authority for Major Ports (TAMP). The association complains that the guidelines of TAMP do not cover all recurring costs and place a cap on rate of return. The tariff, fixed by TAMP on a cost-plus basi
Category: Ports & Shipping
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Govt announces new norms on security nod
Union shipping ministry has simplified security clearance rules for companies who wish to take up port projects. According to the new rules, security clearances issued by the ministry to a company would be valid for three years. The move is intended to fast-track port projects
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Study shows decline in staff strength across major ports
A study by industry body Assocham shows that major ports witnessed over 33 percent decline in its staff strength between 2001 and 2010. During these ten years, the total number of employees in different cadres came down from more than 83,700 to nearly 55,400 at 12 major ports, the stud
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Industry divided on prospects for box terminals
Industry watchers are divided on the business prospects of container terminals in Ennore Port. Some argue that there would be enough business for the proposed new container terminal in the port as handling of cargo globally moves towards containers from
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Gujarat ports to gain expertise from global players
Gujarat government seeks to gain technical and management expertise from international port authorities and port operators during the upcoming investment summit, Vibrant Gujarat Global Investors' Summit, 2013. Key international port players like Israel Ports Com
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Kolkata Port mulls 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 s
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Captive berth in Kandla Port to be operated by SRS
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. On December 27, SRS received the letter of award for operating the berth with a capacity of 1.5 million tonn
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Hapag-Lloyd proposes to raise shipping charges
From February 1, the shipping rates for containers from the Indian subcontinent would be raised by Hapag-Lloyd. The liner considers to raise the rate by $250 per Twenty Foot Equivalent Unit (TEU) for transporting boxes from the Indian subcontinent - India, Pakistan, Bangladesh and S
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Iran to develop Chabahar port for India
Iran reiterated its commitment to develop Chabahar port to bolster its ties with India. Iran plans to expand the port in five phases and to ramp up its capacity to 20 million tonne by 2020. India's interest in the Iranian port is not only to get a direct access to Central Asia but also to facilitate import of mine
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GE Shipping to buy energy efficient vessel
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