Cargo traffic at 12 major ports recorded a marginal rise of 1.78 per cent at 555.5 million tonne (mt) during 2013-14. The cargo handled by these ports stood at 545.79 mt in 2012-13.
Category: Ports & Shipping
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Lanco withdraws from Australia port project
Lanco Infratech Ltd is scaling down its proposed coal mining-cum-infrastructure project in Australia. The proposal for the development of Lanco Resources Australia Pty Ltd's Bunbury Port Berth 14 at the Bunbury Port Inner Harbour was withdrawn.
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Exporters to enjoy 50 per cent freight subsidy
Exporters are likely to enjoy a subsidy of up to 50 per cent on total freight charges paid on shipment of merchandise through ports outside Odisha. The draft export policy says the state government will reimburse up to 50 per cent of the cost
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Alternate plan to boost Indian shipping
The Centre has mooted an alternate plan to boost Indian flag bearing liners and offer some benefits that are enjoyed by foreign liners. There are a number of carriers with foreign flags but controlled by Indian operators
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India to use waterways to Ashuganj port
Bangladesh has agreed to allow India to use its waterways to Ashuganj river port on Meghna, about 37 km from Agartala, for carrying food grains from Kolkata to Tripura. Bangladesh government agreed to a request by the Centre
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ECU-LINE office in Malaysia
ECU-LINE has announced the opening of its own offices in Malaysia at Port Klang and Penang, with operations staring from 2 May 2014. ECU-LINE is a global leader in NVOCC services and world's largest LCL service provider
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Odisha Government gives in-principle approval for Dhamra Port expansion
Dhamra Port Company Ltd (DPCL) is an equal joint venture (JV) between the Tatas and Larsen & Toubro (L&T). DPCL is implementing the Dhamra port development project. The port has sought 745 acre of land to facilitate its second phase expansion. This project phase is likely to cost Rs 10,000 crore.
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Opportunities on the horizon
India plans to more than double its port capacity to 3,200 million tonne at an investment of Rs 2.87 trillion by 2020, drivin the demand for more port handling equipment. Sudheer Vathiyath trains through the prevailing trends in port equipment market.
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New Dy Chairman at Mormugao Port
Cyril C George, Secretary, Cochin Port Trust has been appointed as the Deputy Chairman of the Mormugao Port Trust. George started his career in the shipping sector as a Labour Officer with Kandla Port Trust in 1987. He also served as the Deputy Chairman of Kandla Dock Labour Board. He became the Deputy Secretary of Kandla Port Trust in 2001 and was transferred to Cochin Port Trust as Secretary in 2003.
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Vizag port handles 58 mt in 2013-14
The Visakhapatnam port has handled a little over 58 million tonne of cargo during 2013-14. The port has suffered loss of cargo during the past few years due to several reasons. Stiff competition from the neighbouring ports, the many ongoing projects in the port in
recent years affecting cargo-handling and the fall in iron ore exports are some of the main reasons for slump in the fortunes of the port.