To reduce IndiaĂ´s dependence on Colombo and Singapore ports for handling cargo traffic, the Modi Government is planning to build a mega transshipment hub at a cost of over Rs.5,000 crore. The transshipment hub is expected to come up near Tuticorin in Tamil Nadu around the international trading route.
Category: Ports & Shipping
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Kochi Port to make use of dredged material
The Cochin Port Trust has firmed up plans to use the sludge and sand generated from dredging operations in its shipping channel instead of dumping it back in the outer seas.
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Adani Ports signs MoU to import pulses
Adani Ports and Special Economic Zone (APSEZ) has signed a memorandum of understanding (MoU) with the India Pulses and Grains Association to handle pulses import across its ports in the country.
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SPV will enable ports to execute projects at a faster pace
In a candid conversation with Infrastructure Today, I Jeyakumar, Chairman, Mormugao Port Trust, puts forth the challenges faced by ports and his views on the way ahead.
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Govt plans to offer 850 ports for development to private sector
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.
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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 Ă´the temporary difficulties will be over in the next two yearsĂ´.
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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 countryĂ´s GDP by March 2016, he added.
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shareholdersĂ´ 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 countryĂ´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.