Adani Port SEZ (APSEZ) has entered into an agreement with the US based Port of Baltimore for sharing of technology and promotion of trade between Adani’s ports and the US port.The Memorandum of Understanding (MoU) signed between both the ports would benefit Adani group owned ports in terms of technology upgradation or transfer from the US.
Category: Ports & Shipping
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Dhamra Port terminals
Dhamra Port plans to set up terminals for handling liquefied natural gas and containers at the port to tap the growing demand for these.The port will set up the two terminals with the help of strategic investors who will invest for a 2.5 million tonne per annum LNG regasification facility and a container terminal.
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Krishnapatnam now deepest draft port
Krishnapatnam Port has increased its draft to 18.5 m.With this measure, the port now has become the deepest draft port in India. Krishnapatnam Port Container Terminal has now handled in excess of 24,000 TEU.The port has 3 cutter suction dredgers and 3 trailer suction dredgers that are continuously working round-the-clock undertaking capital and maintenance dredging.
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US cos concerned with congested Indian ports
For the US companies operating in India the country’s infrastructure and congestion at Indian ports is a matter of concern, US Under Secretary of Commerce for International Trade Francisco J Sanchez said.Sanchez said that he will share the concerns of US companies in India about the port infrastructure.
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Chennai Port stops coal, iron ore cargo handling
The Chennai Port has stopped handling coal and iron ore cargoes as per the directive of the Madras High Court.As a result, the port will lose revenues to the tune of Rs 225 crore which it earned last year by handling 18 mt of coal and iron ore cargoes, according to the Shipping Minister.
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Machilipatnam port project takes off
Mired over land issue for the last two years, the Machilipatnam port project is finally set to take off with the Andhra Pradesh government making an in-principle decision to lease out 4,800 acres to port operators, the Navayuga group.
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Maritime: ICTT stuck in the dock
Almost 80 per cent of Colombo’s container traffic represents cargo transhipped from Indian ports. One year after India’s first ICTT was commissioned, transhipment transactions have been almost insignificant. Will the terminal’s second year be any different?
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FDI norms in port sector
The Union Government allows 100 per cent Foreign Direct Investment (FDI) in port sector to supplement domestic capital, technology and skills, for acceleÂrated economic growth,
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No TAMP extension to non-major ports
The Planning Commission has turned down the Shipping Ministry's proposal to extend the ambit of the Tariff Authority for Major Ports (TAMP) to non-major ports under the proposed Port Regulatory Authority Bill, fearing it will hurt the performance of these ports.
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Rs 2.77-lakh cr investment in 10 years needed
The Union Shipping Minister, GK Vasan said that an investment of Rs 2.77 lakh crore will be required in the next ten years to enhance the cargo handling capacity at Indian ports to 3,130 million tonne.