The Union Government is planning to convert 12 of the 13 major ports into companies to improve efficiency and competitiveness. The ports currently operate as trusts. The shipping ministry has initiated the process for appointing a consultant for corporatisation
Category: Ports & Shipping
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Gangavaram Port to set up LNG terminal
The Infrastructure and Investment Department of the Government of Andhra Pradesh has accorded permission to Gangavaram Port to set up an LNG terminal in a joint venture with Petronet.
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GCX to lay sub-sea cable linking Mumbai with Singapore
Global Cloud Xchange (GCX), the submarine cable unit of Reliance Communications (RCom), has commenced work on a submarine cable linking Mumbai to Singapore. The cable system will incur a total investment of $200 million (about Rs 1,200 crore).
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Paradip, Dhamra to jointly develop part of NW-5
Paradip and Dhamra ports plan to sign a Memorandum of Understanding (MoU) to develop the Jokadia-to-Paradip and Dhamra stretch of the Kharsua River for inland trade. The 201 km stretch is part of the National Waterway (NW)-5.
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MPT to increase cargo volume
With the lifting of the mining ban in Goa and the increase in general cargo volume, the Mormugao Port Trust (MPT) hopes to boost its throughput in the current fiscal.
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Kollam plans tie-up with VOC port
The Ports Department in Kerala is working out a tie-up between the V.O. Chidambaranar (Tuticorin) Port Trust and the Kollam Port. Director of Ports PI Shiek Pareeth had talks in this connection with Tuticorin Port Trust Chairman S Anantha Chandra Bose recently.
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GMB signs MoU with Sterling Port
Gujarat Maritime Board (GMB) has entered into a concession agreement with Sterling Port Ltd for the development of the Dahej port.
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AP for port linkage
Andhra Pradesh has focused on port connectivity and multi-mode transport linkage in proposals submitted to the Centre in the ensuing Railway Budget.
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APSEZ eyes southeast coast
According to reports, Adani Ports and SEZ (APSEZ) is seeking further acquisitions after taking over Dhamra port on the east coast recently.
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New Legal Adviser at Chennai Port
Union Shipping Ministry has appointed M Palanimuthu as the Legal Adviser to the Chennai Port Trust. According to an official release, Palanimuthu.