The Chennai Port Trust has taken up six projects at a cost of over Rs.200 crore to strengthen its capacities and to brace up for competition from neighbouring ports.
Category: Ports & Shipping
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Global port majors in talks to buy Ocean Sparkle
Denmark´s Svitzer, Japan´s K Line and Australia´s Qube Logistics are among the strategic investors in talks with Hyderabad-based Ocean Sparkle to acquire a controlling stake in the company, in a deal valuing the Indian shipping firm about $450-500 million.
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Chabahar port may become operational in 1.5-2 years |Govt
Commercial operations at the Chabahar port are expected to start in the 18-24 months, which will provide India increased connectivity to Russia and North Baltic countries, among others, Minister of State for Shipping P Radhakrishnan informed the Parliament.
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Essar Ports invests in expanding Hazira
Essar Port is investing Rs.750 crore to enhance the capacity of its Hazira terminal to 50 million ton per annum from 30 million tons.
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Adani Ports to complete terminal
Adani Ports and Special Economic Zone (APSEZ) Ltd aims to complete expansion of Adani International Container Terminal Pvt. Ltd (AICTPL) at Mundra port by 2017 to create a transhipment hub for the Middle East, South Asia and India.
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Gadkari urges US to invest in ports sector
Union Shipping Minister Nitin Gadkari has urged the United States (US) to invest in development of new ports and construction of new berths/terminals in the existing ones.
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Indian investment in highways and ports
The government has allocated a total Gross Budgetary Support (GBS) of Rs.46,834 crore including cess and toll remittance for 2016-17 for the Ministry of Road Transport & Highways.
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Waterfront award approved
The Union Cabinet has approved the policy for award of waterfront and associated land to port dependent industries in major ports and its operationalisation.
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Cochin Shipyard signs MoU with Govt
Cochin Shipyard Limited (CSL) has signed a Memorandum of Understanding (MoU) with the Government of India for the financial year 2016-17.
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Chennai Port to strengthen infra to handle car exports
Chennai Port will strengthen its infrastructure to handle cars for coastal movement and exports, according to Cyril C George, Chairman, Chennai Port Trust.