The development and modernisation plans of Cochin Shipyard Ltd (CSL) have received a boost, with the Shipping Ministry approving a Rs 1,200-crore investment to set up a dry dock to build LNG carrier ships.
Category: Ports & Shipping
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A Shipping Revolution
Liverpool 2 is set to become the central UK logistics hub, located at the heart of supply chains with the fastest and most efficient onward connections to the Irish Sea Hub
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JNPT: Port-focused to port-led development
A port-based multi-product Special Economic Zone (SEZ) at the Jawaharlal Nehru Port Trust (JNPT) will be a win-win situation for exim traders. This industrial infrastructure project will be established on 277 hectares
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The Water Route
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
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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.