Belgium's Port of Antwerp aims to pick a stake in Essar Group's Hazira Port. It is believed that Port of Antwerp International (PAI) is working with reserves of 25 million and it has already acquired stakes in port projects in Oman and Congo.The move is in keeping with the Belgian company's expansion plans firmed up last year, when it evaluated 20 projects and zeroed in on a few of them to expand its presence out of Europe through equity participation
Category: Ports & Shipping
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PSA-ABG consortium wins bid for JNPT terminal
The Board of trustees of the Jawaharlal Nehru Port Trust (JNPT) decided to award the contract for its fourth container terminal to the consortium of Singapore's PSA and the ABG group in India
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Karaikal Port bags Rs 2bn PE investment
The Bangalore headquartered private equity (PE) firm Ascent Capital has decided to invest Rs 2 billion in MARG Karaikal Port. The funds will be used for the MARG Karaikal Port Phase 2A expansion plans which will enhance the port's capacity from the already plaÂnned expansion of 21 mmtpa to 28 mmtpa and involves an additional capex of Rs 6 billion.
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VOC Port's e-sail initiative
The VOC Port has selected Chennai based L&T Infotech for implementation of a Rs 19.75 crore web-enabled integrated electronic port information system.
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Rs 1.5 tn facelift for ports
The Ministry of Shipping has drawn out an investment plan of Rs 155,455 crore for modernisation and expansion of ports during the 12th Five Year Plan.
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Global bids for Kochi ship repair yard
Having failed to rope in its neighbouring public sector shipyard, the Cochin Port Trust has decided to go in for a global tender to choose a partner for its proposed ship repair yard.
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Gangavaram port new berths
Gangavaram Port wants to add to the port's capacity by constructing, at the earliest, four new berths - one fully mechanised coal berth and three other multi-purpose berths.
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Kalinga Port project
Adani Group's Rs 10,000 crore Kalinga Port project in Orissa is awaiting clearance from the Orissa state government.
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TN mulls maritime research facility
Considering the location of VOC Port in the Gulf of Mannar biosphere, a maritime research facility has also been proposed.
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Gopalpur Port project
Gopalpur Port Project Phase-II of Gopalpur Port Co (GPL) is underway. The project was announced in December 1996.