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
Category: Ports & Shipping
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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
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Are our Port Trusts relevant?
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
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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.