In order to finance the development of the country's deepest port, Vizhinjam Port in Kerala is raising more than Rs 1,600 crore through bonds and institutional investors. Housing Urban Development Corporation
Category: Ports & Shipping
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DPW's JNP terminal wins award
Global port operator DP World's Nhava Sheva Terminal at the Jawaharlal Nehru Port Trust in Mumbai has bagged Seatrade's Environmental Protection Award for its environment management and energy conservation initiatives.
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Mah offers sops to port, cargo proj
In order to boost investment in small port, multi-purpose jeÂtty and cargo terminal proÂjects, the Maharashtra goveÂrÂÂnÂment has granted an eight-year holiÂday on non-agriculture (NA) tax and exempted NA cleaÂÂÂÂrance norms of land acqÂuiÂsition for the projects.
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Hooghly Dock Restructuring
The Union Cabinet has approved a rehabilitation-cum-restructuring package for the Hooghly Dock & Port Engineers, Kolkata, one of the country's oldest shipyards in the private sector.
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Deepening of port channel
Jawaharlal Nehru (JN) port will try the annuity payment method to implement the second phase of a project to deepen its channel at an estimated cost of Rs 4,000 crore. The port plans to create a separate fund,
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Gujarat to develop new ports
The Gujarat government has finalised plans to develop six to seven new ports in the state. Large investments would flow into the port sector in the coming years. The state is planning ports at Dahej, Nargol, Vansi Borsi and Kutchhigarh,
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CONCOR service to Karaikal Port begins
The first train carrying shipping containers from the Tondiarpet facility, near Chennai, of Container Corporation of India (CONCOR) reached the Marg Karaikal Port at Karaikal, 140 km from Puducherry, on 19 October.
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Mundra lone bidder for chennai terminal
Chennai port's proposed third terminal has received only one price bid, from Mundra Port and Special Economic Zone (MPSEZ) as six groups backed out of the auction to build the Rs 3,686 crore facility.
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Four in race for Nargol port
Four leading corporate groups have remained in the race for developing Gujarat Maritime Board's (GMB) proposed greenfield port off Nargol village in South Gujarat.
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Non-major ports under Centre?
Keeping in mind the security issues being faced by India, the National Shipping Board (NSB) has sugÂgeÂÂsted that all the major and minor ports in the country should be brought under the control of Union Government.