India, due to its long coastline, is richly endowed with natural maritime advantages. The countrys 7,500 km coastline covers 13 states and Union Territories. A number of ports along the long coastline lie along key international trade routes. There is huge potential even for inland water transport.
Category: Ports & Shipping
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Kale launches mobile app
Kale Logistics Solutions which developed IndiaĆĀ“s first Container Digital Exchange- CODEX operational at Tuticorin Port, announced the launch of a Container Tracking Mobile App-CODEX for various container stakeholders operating at Tuticorin Port.
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Guidelines for evaluating tenders for shipbuilding
The Government has issued guidelines for evaluating and awarding tenders for shipbuilding, dry-docking and ship repair works for government departments or agencies including public sector undertakings.
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Mumbai Port to float global tender
Mumbai Port will be floating a global tender to appoint a project management and implementation consultant for preparing a master plan for developing its land. It is the countryĆĀ“s largest port. ĆĀ“Till now, the plans that have been made are general.
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Iron ore traffic falls by 28per cent at major ports
Iron ore traffic, including pellets, at major ports saw a sharp fall of 28 per cent in financial year 2015-16 as imports declined because of weak demand. Total iron ore cargo fell to 13 mn t from 18 mn t a year ago.
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Govt targets 120 mt capacity addition in ports
Union Shipping Minister Nitin Gadkari has set an ambitious target of capacity addition at 12 major ports by 120 million tonne in 2016-17. These ports had added the highest-ever capacity of 94 million tonne in 2015-16.
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Adani Group in race for AP port project
Adani Group may end its long wait for a port facility in the north coastal region of Andhra Pradesh if it emerges successful in a competitive bid next month.
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Major ports handle 603.37 mt in FY16 | Govt
Total cargo handled by major ports increased by 4.3 per cent to 606.37 mn t last fiscal as against 581.34 mn t in 2014-15, Parliament was informed.
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Adani Ports | High debt a key concern
The 12 per cent fall in Adani Ports and Special Economic ZoneĆĀ“s stock is the firmĆĀ“s single largest decline in the past two years. It came on the back of research houses like Citigroup downgrading the stock from ĆĀ“buyĆĀ“ to ĆĀ“neutralĆĀ“ following a sharp increase in net debt, loans and advances.
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We are cautiously optimistic about a positive future
At IRClass, in the last 12 months, we have seen growth in our top line. However, the global slump in oil prices, the dip in offshore productions, ChinaĆĀ“s slowdown, and IndiaĆĀ“s mining crisis, have inevitably resulted in pressure on industry revenue streams.