The government unveiled the Rs 500,000 crore Maritime Agenda 2020 involving expanding port handling capacity of the country to three billion tonne from the existing 617 million tonne (mt) along with various policy reforms in the shipping and ports sector.
Category: Ports & Shipping
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Ministry proposes SPV on the lines of DP World, PSA
The shipping ministry has proposed to set up a new special purpose vehicle–Indian Ports Global–that would invest in ports abroad and become a global power in the port sector, worldwide.
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Expansion at Chennai Port
Chennai Port is set to undertake 29 expansion projects entailing investments of Rs 10,000 crore in different stages.
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From 23.18 mt to 71 mt by 2020
Tuticorin port has plans to triple its cargo handling capacity from 23.18 mt to 71 mt by 2020.
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Ennore Board approves public issue, divestment
Ennore Port was granted in-principle approval by its Board to go public.
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Govt to set up Rs 4,000 cr VLCC shipyard
Centre plans to set up a shipyard to produce very large crude carriers (VLCCs) under public-private partnership with an investment of Rs 3,000-4,000 crore, in lieu of Hindustan Shipyard going to the defence ministry.
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Traffic at minor ports in Guj up 14% in Apr-Nov 2010
Minor ports in Gujarat saw a 13.7 per cent growth in cargo handling during April-November 2010 over the corresponding period last year.
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Eton invests $125 million in JSW's port business
Eton Park Capital Management, a global multi-disciplinary investment organisation, will invest upto $125 million in acquiring equity of Jindal Group’s JSW Infrastructure (JSWIL).
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Four new berths at Kandla
Kandla Port has identified Ras Infraport, Sical Logistics, IMC and PSL for its Rs 755 crore project to develop new berths on build-operate-transfer basis.
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Dhamra to be a pioneer
Dhamra port will be the first to implement the relevant provisions of the newly introduced Railway Initiatives for Infrastructure Investments.