With an aim to scale up inland waterways infrastructure, the government is planning to offer 850 small and medium sized ports along key rivers for development by the private sector including foreign investors. This could see an investment of nearly Rs 4,000 crore.
Category: Ports & Shipping
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Kochi Port betting on upcoming projects
The ailing Cochin Port Trust is pinning big hopes on upcoming projects to increase cargo throughput as well as revenue. Allaying fears of a bleak future, the Port Trust Chairman, Paul Antony, said that ´the temporary difficulties will be over in the next two years´.
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First cruise vessel at NMPT for season
Cruise vessel MV Insignia called at New Mangalore Port in late September. This is the first cruise vessel which has called at the port in the beginning of the cruise season from September to April.
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Govt eyes Rs.2,500 cr profit from ports in two years
Union minister Nitin Gadkari has said the Centre is targeting a net profit of Rs 2,500 crore from its 12 major ports in the next two years. Shipping and waterways would contribute at least one per cent to the country´s GDP by March 2016, he added.
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shareholders´ nod FOR essar ports
Private sector port operator Essar Ports (EPL) said shareholders have approved its proposal to raise up to $1 billion through securities, from domestic and international markets to fund expansion plans. One of the country´s largest port operators, EPL plans to increase its cargo handling capacity from 104 million tonne per annum (mtpa), at present, to 194 mtpa.
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Beypore port sailing towards progress
Kozhikode is set to inaugurate its new container reach stack and launch the MT Malabar tug. The Beypore port authorities are targeting to handle 250 containers per month with the opening of the new reach stack. The container reach stack has been constructed at a cost of Rs 2.5 crore, while MT Malabar Tug incurred a cost of Rs 6 crore.
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WB government proposes to introduce inland waterways services
The West Bengal government has proposed to introduce inland waterways services along 12 rivers to reduce congestion on roads, the measure being fuel efficient, cost effective and eco-friendly.
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Government resolves land dispute with Paradip Port
A 50-year-old land dispute between Odisha government and Paradip Port Trust has been resolved with the government agreeing to alienate nearly 6285.58 acres in favour of the port and retain only 597 acres in four revenue villages within the port limits. Though the state government had handed over the port to the central government in 1965, the formal land transfer could not be effected on technical grounds.
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Kolkata gets Major Port of the Year Award
The Kolkata Port has been adjudged ´Major Port of the Year´ for the year 2014-15 among the 12 major ports in India at the Gateway Award 2015 ceremony. The port received this award for increased cargo volumes, optimising capacity utilisation, growth in output per berth and customer satisfaction.
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L&T exits Kachchigarh port on environmental concerns
Larsen & Toubro has exited the project to develop a port at Kachchigarh in the state of Gujarat citing environmental concerns, the company informed the bourses.