Private sector participation in development and operations of ports has increased considerably over the last few years resulting in a radical change in the organisational model of ports. The change has permeated to some extent into the Indian ports sector in the last decade. But not so when it comes to ports managed by the Port Trust system, writes Janaki Krishnamoorthi. The Government of India which administers the major ports has realised the port restructuring is essential to attract large
Category: Ports & Shipping
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JICA agrees to lend `200 bn for DFC
Japan International Cooperation Agency (JICA) agreed to lend JPY 295 billion (about Rs 20,000 crore) for the two routes in the proposed Dedicated Freight Corridor (DFC) project. The agency would lend this amount under Special Terms of Economic articipation (STEP) between Japan and India. This is a soft loan with the repayment period of 40 years.
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Dhamra PortÂ’s new record
The traffic throughput in October at Dhamra Port exceeded the one-million tonne-mark reaching 1.17 million tonne for the first time in the last 18 months. The port could achieve this throughput because of improved productivity, handling of iron ore shipment and the diversion of dry bulk carriers from Haldia to Dhamra.
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Kolkata Port expansion plan
Through the Haldia Dock II project, the Kolkata Port Trust (KoPT) plans to add 23.4 million tonne capacity. The project, which will be executed under public-private partnership (PPP) model, received approval from the PPP appraisal committee (PPPAC) for the model concession.
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MPT terminal project
Mormugao Port Trust (MPT), which opened bids for its proposed 2-million tonne per year coal berth terminal, received the highest offer from Gammon Infrastructure.The firm offered a revenue share of 33.66 per cent for the contract, which involves mechanisation and operation of the terminal. With an offer of 27 per cent revenue share, JSW emerged as the second highest bidder.
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APSEZ for stake in Vizag Seaport
Adani Ports and Special Economic Zone (APSEZ) plans to acquire stake in Vizag Seaport, which is the
largest multi-commodity terminal at Visakhapatnam port. The terminal can handle all types of cargo except petroleum, oil and lubricants.
The terminal shares 17.11 per cent of the annual revenue collected from customers on berth hire and wharf-age with Visakhapatnam port.
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Cruise ships at Kochi
Cruise ships have started berthing at Kochi Port as holiday season has begun in western countries. Recently, around 2,800 tourists and 1,250 crew members arrived on board Celebrity Solstice, a mega cruise liner. Another cruise liner Aida Diva also called at the port.
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Adani, Essar to bid for terminal project
According to top government sources, Adani Ports and Essar Ports have received approval from the Union Home Ministry to participate in the Rs 4,000-crore mega container terminal project in Chennai Port. Chennai Port plans to set up a mega container terminal, with a capacity of 4 million TEU. The proposed terminal has been envisaged as the largest container terminal on the countryÂ’s east coast and it will be able to handle ultra-large container vessels. Essar Ports had to seek clearance from the
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Kolkata Port mulls expansion project
Through the Haldia Dock II project, the Kolkata Port Trust plans to add 23.4 million tonne capacity, agency reports suggest. The project, which will be executed under a PPP (Public-private partnership) model, received approval from the PPP appraisal committee (PPPAC) for the model concession
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SCI takes delivery of vessel
The Shipping Corporation of India received a high end diesel electric Platform Supply Vessel, ‘SCI Yamuna’ from the Cochin Shipyard (CSL).This is said to be the second and the last of the series of high tech Rolls Royce series of Platform Supply Vessel. SCI said that the earlier ships of the series delivered by CSL were performing exceedingly well and good reports have