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.
Category: Ports & Shipping
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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 ColomboĆ¢ā¬ā¢s container traffic represents cargo transhipped from Indian ports. One year after IndiaĆ¢ā¬ā¢s first ICTT was commissioned, transhipment transactions have been almost insignificant. Will the terminalĆ¢ā¬ā¢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 acceleĆĀrated 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.
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Dhamra port on expansion
Dhamra port is keen on expansion and is considering proposals for building liquefied natural gas (LNG) terminal.
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Mundra to handle 100 mt cargo
Mundra Port and Special Economic Zone expects to handle 100 million tonne of cargo through its operations in Gujarat in the next financial year starting April 2012.
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Global bids for Vizhinjam Port
Kerala is planning to invite global EPC bids for the Rs 7,800-crore Vizhinjam Port by March and also expects to get the environment impact assessment (EIA) report by June, a top state government official said.
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Non-major ports key despite growth rate dip
Non-major ports handled over one-third of the country's total maritime freight traffic during 2010-11.However, there was a sharp decline in the groĆĀwth rate during the year, compared to the previous year.The growth in cargo handled by non-major ports in 2010-11 was at 8.8 percent, against a record 35.7 percent increase in 2009-10 over the previous year.