Coastal shipping and inland waterways transportation (IWT), the two significant modes of domestic water transportation, both provide fuel and cost savings over road and rail transport. Water as a mode of transportation holds significant importance in an economy
Category: Ports & Shipping
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New SPV to develop last-mile port connectivity
The Shipping Ministry is looking at setting up a special purpose vehicle (SPV) for all major ports to provide last-mile rail connectivity.
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Essar terminal at Paradip gets land
The Odisha Industrial Infrastructure Development Corporation (IDCO) has initiated the process to handover land identified for a coal terminal of Essar Steel at Paradip after getting green signal from the government.
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Vizag Port gets dedicated berth for coastal cargo
Visakhapatnam Port is planning to develop a dedicated berth for coastal shipping within six months, which will help to save time in handling coastal cargo, according to the Chairman MT Krishna Babu.
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Cargo ports to come up
To reduce dependence on roads for cargo movement and to reduce the costs, JNPT will be setting up satellite ports at Wardha, Aurangabad and Surat, according to Union Shipping Minister Nitin Gadkari.
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VOC Port to increase port capacity
The V.O. Chidambaranar Port management has initiated a number of schemes for the inner harbour development to increase the existing capacity of the port here from 42.06 million tonne to 85.49 million tonne by 2017, S Anantha Chandra Bose, Chairman of the Port, said.
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Great Eastern ups capacity
Great Eastern Shipping plans to invest up to $380 million (about Rs 2,300 crore) in acquiring vessels and on a rig by March 2017, according to a senior official.
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Tata Steel uses waterways
Tata Steel will start using coastal and inland waterways in India to transport raw material to its factories and finished goods along the coastline, as it looks at saving on freight and energy costs.
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IWAI eyes Rs 2,000-crore waterway
The Inland Waterways Authority of India (IWAI) is likely to start work on a Rs 2,000 crore project to develop stretches of 332 km in two phases. In the first phase,
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MbPT plans dry dock
Mumbai Port Trust ( MbPT) plans to take up development of dry dock in Mumbai port/harbour. The port has invited consultancy bids to conduct feasibility studies and prepare detailed project report (DPR).