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.
Category: Ports & Shipping
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Cargo traffic up 3.36%: Official
Buoyed by pick up in demand, IndiaĆĀ“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.
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Cochin Shipyard to build 4 catamarans: Gadkari
All set for its maiden foray into catamaran manufacturing, Cochin Shipyard will build four such popular vessels, used for cruising and other purposes. This is for the Andaman and Nicobar Islands, Union Minister Nitin Gadkari said.
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Rs.50,000-cr port projects in pipeline
The Shipping Ministry is overseeing 33 projects worth Rs.32,000 crore, while 45 projects with an investment of around Rs.18,414 crore are under operation, Parliament was informed in late February.
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No deals in shipping, ports for two years
Private equity firms have stayed away from investing in shipping, ports and logistics for two years in a row. ĆĀ“PEs have stopped coming into the sector and there is no easy money for the shipping business,ĆĀ“ G Shivakumar, CFO, Great Eastern Shipping, said in the third quarter earnings conference call.
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Vizag Port to run on solar power from next month
Vizag port in APis set to run its entire operations on solar power from March, its chairman MT Krishna Babu said. Visakhapatnam Port Trust has commissioned 2 MW solar capacity and will add another 8 MW by March 20, he said.
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Stakeholders have now started shifting towards value-consciousness from price-consciousness earlier
India aspires to be the hub of global manufacturing and it is doing everything in its power to make it happen. Many major infrastructure projects are announced, set within time-lines and budgets.
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Against All Odds
A shining example of success, NTPC Ltd won PMI IndiaĆĀ“s Best Project of the Year award. The award was for exemplary use of project management techniques to complete 5MWp grid-connected solar PV plant in Port Blair in record time.
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Indian waterways a route canal treatment
In early February 2016, Link Shipping and its partner Symex Maritime Singapore, whom Link Shipping represents in India, created history by pioneering the first movement of cars on a special category Pure-Car-Truck-Carrier (PCTC) vessel, the IDM Symex.
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Improve logistics in coastal shipping for savings: Study
A study by global consultants McKinsey & Co and AECOM for the Ministry of Shipping says optimising the logistics flow for key commodities by 2025 could save Rs.30,000-40,000 crore. It recommends creation of more capacity at major ports and a logistics aggregator company to consolidate the shipping supply chain.