The government is planning four new major ports at Tamil Nadu, Maharashtra, West Bengal and Andhra Pradesh at an investment of Rs.32,000 crore under the PPP model.
Category: Ports & Shipping
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Ship repair units see limited benefit
The government's proposal to exempt excise duty on spare parts used for repairing of ship vessels is not expected to benefit domestic ship repair units in a big way amid drying top-lines.
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Govt relaxes cabotage rules to boost transshipment
To promote transshipment at Indian ports, the Shipping Ministry has allowed relaxations in cabotage rules. Cabotage is the transport of goods or passengers between two places in the same country. Transshipment is the movement of goods and containers to an intermediate destination.
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We need to build an institutional framework of ties for coastal shipping to really takeoff.
Deepak Shetty, DG, Shipping & Additional Secretary, Government of India, Ministry of Shipping, tells Rouhan Sharma that the framework of a hub and spoke model under the Sagar Mala project
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Adani Ports Q3 net profit jumps 26% to Rs.645 cr
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 26 per cent jump in its consolidated net profit to Rs.644.96 core for the quarter ended December 2015.
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Shapoorji in talks with Karaikal port
Shapoorji Pallonji Group is in talks with the promoters and private equity investors of Karaikal Port
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Centre to float tenders for Colachel port
The Shipping Ministry will issue tenders by March for the appointment of a consultant for the proposed trans-shipment port of Colachel. Union Transport Minister Nitin Gadkari said Colachel in Tamil Nadu, Sagar in West Bengal and Wadhawan at Dahanu in Maharashtra will be the three new greenfield ports
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JSW eyes port asset acquisitions
JSW Group is looking for port assets as part of a strategy to expand ports capacity, its CFO Seshagiri Rao said. ´
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Green nod for FSRU at Kakinada port
The ministry of environment, forests and climate change (MoEF) has given environmental and coastal regulation zone (CRZ) clearance to AP Gas Distribution Corporation Limited for developing Floating Storage Re-gasification Unit (FSRU) based LNG terminal at Kakinada deep water port.
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Cargo traffic up 3.36%: Official
Buoyed by pick up in demand, India´s 12 major ports saw cargo traffic increase by 3.36 per cent to 499.23 mt in the first 10 months of the current fiscal. These top ports handled 483.01 mt cargo during April-Jan of the last fiscal.