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.
Category: Ports & Shipping
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APM Terminals Pipavav announces Q3FY16 results
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), operating one of western India´s gateway ports, today reported its financial numbers for the quarter ended 31st December 2015.
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Shipping Ministry to invest Rs.14,225 cr on port projects
In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasising on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other modernisation projects.
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Cochin Port Trust and CONCOR sign MoU
Cochin Port Trust and CONCOR have entered into a MoU for the running of weekly container train service from Irugur ICD, Coimbatore to ICTT Vallarpadam, Cochin Port. The traiCochin Port Trust and CONCOR have entered into a MoU for the running of weekly container train service from Irugur ICD, Coimbatore to ICTT Vallarpadam, Cochin Port. The train from Irugur will start on all Saturdays and the return from Cochin on all Thursdays.n from Irugur will start on all Saturdays and the return from Cochin
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Ministry of Shipping initiates Proj Green Port
Weighing in the environmental perspective for sustained growth, the Ministry of Shipping has started ´Project Green Ports´ which will help in making the Major Ports across India cleaner and greener.
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Shipyard industry gets infra status
The government has granted infrastructure status to the shipyard industry in a boost to its Make in India initiative. The move is expected to bring down borrowing costs for the industry. At present, companies pay average interest of 14-15 per cent on their borrowings.
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Govt to develop three new ports in 2016: Gadkari
As part of its plan to develop ports and boost maritime trade, the government would develop three major ports in the country this year.
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Paradeep Port cargo up 5percentage in Apr-Dec
Paradeep Port Trust (PPT) has recorded 5.23 per cent growth in its total cargo in April-December period of 2015-16. The port´s cargo traffic in the period rose from 52.39 million tonne (MnT) to 55.13 MnT.
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NGT slaps Rs.25 cr fine on Adani-Hazira Port
The National Green Tribunal has slapped a penalty of Rs.25 crore on Adani-Hazira Port Pvt Ltd and its associate Hajira Infrastructure Pvt Ltd for carrying out work at their Hazira-based port near Surat without acquiring environment clearance.
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Business Acumen
Karan Adani, son of Adani Group Chairman Gautam Adani, has been appointed as the CEO of Adani Ports and Special Economic Zone (APSEZ) with effect from January 1, 2016.