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.
Category: Ports & Shipping
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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.
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Stevedores oppose new policy
The announcement by the Centre to introduce a new stevedoring policy in all government-owned ports to allot permits to stevedores and shore handling agents through bids on revenue sharing basis for cargo handling operations has kicked up a ontroversy.
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State goes to PMO on price of port land for Navi Mumbai link
The state government has knocked the doors of the Prime Minister´s Office to find a solution to the charges levied by Mumbai Port Trust (MbPT) and Jawaharlal Nehru Port Trust (JNPT) for the Mumbai Trans Harbour Link.
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Dredging: Opportunities & Challenges
The world population depends heavily on dredging solutions for global trade, coastal defence, urban development, energy supplies, and leisure or tourism. Dredging is an indicator of the development of the coastal states and such sustained development is essential for the social and economic development of the country.
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Porting Ahead
The government has announced a massive investment in India´s ports sector, which is likely to boost the country´s economy. The government has massive plans of developing ten coastal economic regions by reviving the country´s Sagarmala (string of ports) Project.