Everyone is excited, as the government has brought forth an implementable plan of action for the first time. Now to frame regulations and policies around it.
Category: Ports & Shipping
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Expertspeak: New plan needed to achieve Agenda goals
Tuticorin port recently beat its own record, handling 24,550 mt of pet coke in a single day, but we will need many more record-breakers if we have to achieve the Agenda goals.
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Expertspeak: Yet privatisation has been successful
With ICTT, by bringing mainline vessel calls to Cochin, shippersââŹâespecially in south India who earlier had to tranship their cargo over to Colombo and other regional hubsââŹâwill now save on the additional feedering cost at the hub port.
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Expertspeak: Integration and differentiation needed
Did the MA 2020 miss the proverbial bullââŹâ˘s eye, or is there an explanation beyond bureaucratic and ministerial walls to the fact that there is still no serious mention of connectivity and integration of interests, and of treating shipping and ports differently?
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Macquarie-SBI looking to invest Rs 1,000 crore in ports
Macquarie-SBI Infrastructure Fund (MSIF), is talks with a shipping port company to make an investment of about Rs 1,000 crore.
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Tuticorin port seeks Official Development Assistance
Tuticorin Port Trust (TPT) was seeking assistance of Rs 2,800 crore from Official Development Assistance (ODA) of Japan to develop the outer harbour project, proposed three years ago.
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Beypore port project fails to attract bidders
The global tender floated by the Ports Department for the development of Beypore port failed to attract bidders even after extending the deadline to 24 February.
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Ports and the state go together
You can see KeralaââŹâ˘s maritime initiatives brewing: In September last year, the cabinet approved a Maritime Board for the state, PPP bids are on, and the stage is now set for the state to see the projects through and to consolidate.
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The aim is to both have and avoid transhipment
As container handling operations begin at the Vallarpadam terminal around noon on 18 February, G Krishnakumar, Deputy Chairman, Cochin Port Trust, pauses his interview with Shashidhar Nanjundaiah, and looks out the expansive windows of his officeââŹâoverlooking the CPT-owned terminalââŹâfor the understated but historic moment.
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New regulator for ports
The Shipping Ministry was mulling to do away with the Tariff Authority for Major Ports and bringing in a new regulator which will enable ports in India to fix their own market based tariffs for higher returns.