While relaxation of the Indian cabotage policy is being observed as a gateway of opportunities, investment in infrastructure and higher logistics costs are believed to be some of the major deterrents.
Category: Ports & Shipping
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JNPT on course to achieving fiscal target
The largest container port in India, JNPT, has achieved around 48 per cent of its targeted 4.7 million TEUs (twenty-foot equivalent unit of cargo capacity) during the first six months of the current fiscal. JNPT sources said that they are confident of achieving the target this fiscal.
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Govt to do away with 13 old rules
In line with the governmentĂ´s emphasis on simplifying procedures to promote Ă´ease of doing businessĂ´, the Shipping Ministry has decided to weed out thirteen archaic rules under Merchant Shipping Act
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India, Bangladesh sign SOP
India and Bangladesh signed Standard Operating Procedure (SOP) to operationalise the Ă´Agreement on Coastal ShippingĂ´.
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Auto exports from major ports decline
Exports of cars from Indian major ports and particularly from Chennai and Kamarajar ports in Tamil Nadu declined during the April-September period, mirroring the negative growth reported by the manufacturing sector in the first six months of the financial year.
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Suggestions invited on Port Authority Bill
The Union Ministry of Shipping has invited suggestions from all stakeholders on the draft Major Port Authorities Bill 2015 and the draft has been uploaded on the ministry website with a request to stakeholders to send in their views.
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APM Terminals Pipavav commences rail service to Faridabad
APM Terminals Pipavav (Gujarat Pipavav Port Ltd) said it has commenced a new weekly double stack rail service to Faridabad, Haryana. The dedicated double stack operations, which can carry two containers placed one on top of another in specially designed rail cars, will be operated in association with Gateway Rail and NYK India.
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CIDCO to develop area around JNPT
The City and Industrial Development Corporation (CIDCO) announced that it would develop 273.69 sq km area around the Jawaharlal Nehru Port Trust (JNPT) region to address the issues of port related activities.
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Agreement between India and Egypt on Maritime Transport
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for signing of an agreement between India and Egypt on maritime transport.
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Visakhapatnam Port to be most energy-efficient
Visakhapatnam Port Trust (VPT), one of the fastest growing major ports in the country, would be the most energy- efficient port in the country. The VPT management is planning to complete LED lighting of the port area before the proposed visit of Prime Minister Narendra Modi to Visakhapatnam Port in the month of February.