Cargo traffic rose by 5.04 per cent to 433.86 mt at 12 major ports during April-December 2014 as compared to the same period of previous year. These Centre-run ports had handled 413.06 mt of cargo during April-December 2013.
Category: Ports & Shipping
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Mangalore Port to mechanise berth
New Mangalore Port Trust (NMPT) has taken up the mechanisation of a berth and the development of another berth, according to PC Parida, NMPT Chairman.
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Sanghi Industries to invest Rs.250 cr in ports
Cement manufacturer Sanghi Industries has said it will invest Rs 250 crore over the next couple of years for developing waste heat recovery system and facilities at Navlakhi Port in Gujarat.
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AP planning to build 14 new ports
The Andhra Pradesh Government plans to construct 14 more ports in the State, Visakhapatnam Port Trust chairman MT Krishna Babu has said.
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Gujarat Pipavav Port Q4CY14 Net Profit up 16%
Gujarat Pipavav Port Ltd (APM Terminals Pipavav), operating one of western India´s fastest growing gateway ports, has reported a 16 per cent jump in net profit for the fourth quarter ended 31st December 2014,
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Pushing for growth
The potential is enormous when you look from a macro perspective. In India only about 20 per cent of organisations look at warehousing services from a supply chain point of view, whereas globally the average is over 60 per cent.
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Govt may slash MAT on SEZs
In what could be a major boost to India´s Special Economic Zones (SEZs), the government is set to reduce the Minimum Alternate Tax (MAT) on Special Economic Zones (SEZ) from 18.5 per cent to 7.5 per cent.
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Container handling charges hike gets flak
Various industry chambers and exporter associations have urged Dubai Port World, which is managing the Vallarpadam International Tran shipment Container terminal in Kerala, not to go ahead with the proposed increase in handling charges from January 1, saying such a move would hit port users in the State.
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Kolkata Port needs to review tariff policy
The Kolkata Port, which is grappling with old infrastructure and suffering from the lowest draft, need to review the existing tariff policy, a study has said.
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FinMin rejects Cochin Port demand for interest waiver
The Finance Ministry and the Planning Commission have rejected the Union Shipping Ministry´s proposal to waive Rs 715 crore of penal interest due from Cochin Port Trust (CPT) on a Rs 258-crore loan.Of the total penal amount of Rs 729 crore, the government could have forgone Rs 715 crore.