Singapore´s PSA Investments bagged Rs 7,915 crore and 4.8 million TEU fourth container terminal project from Jawaharlal Nehru Port Trust (JNPT). The board of trustees of the port has decided to award the project to be carried out under the design, build, finance, operate and transfer basis to PSA, which was the highest bidder.
Category: Ports & Shipping
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Land acquisition cleared for Dugarajapatnam port project
The Nellore district administration has cleared the decks for land acquisition to set up the Dugarajapatnam port. However, the location of the port has been changed to Tupilipalem to overcome objections with regard to environmental and forest clearances. The new port would still be called as Dugarajapatnam port.
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Major ports to get new tariff structure soon
Aimed at making the major ports competitive, the Shipping Ministry has proposed for freedom to fix tariff in tune with market forces. Seeking comments from stakeholders on ´Revised Guidelines for Determination of Tariff for Major Ports, 2014´, the Ministry has said the reference scale of rates (RSOR) for commodity/containers, vessel-related services and various miscellaneous services or combination of services as the case may be, shall be notified by Tariff Authority for Major Ports (TAMP ) for
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APSEZ closer to Dhamra deal
The Adani Group is a step closer to acquiring Odisha´s Dhamra port, which secured the environmental clearance from the government.
As its management consultant, the Adani Port and Special Economic Zone (APSEZ) already looks after the operations of the port, which is a 50:50 joint venture between L and T and Tata Steel. APSEZ´s Rs 5,000-crore deal is likely to be completed by early next month.
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Floating cranes at VOC port
The VO Chidambaranar Port Trust, Tuticorin, has issued a letter of intent (LI) for grant of licence for deployment of floating cranes at the port´s water limits for 10 years for handling cargo in vessels at the anchorage, transport of cargo through barges and handling cargo at shore. The port trust has issued the LI to Seaport Logistics.
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PPT plans capacity addition
The Paradip Port Trust (PPT) has entrusted RITES to make a study on traffic, the creation of new handling facilities, setting up of a logistics park and also assess rail connectivity. Several initiatives have been undertaken to further increase port capacity and cargo flow over the coming years.
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MPT handles largest vessel
Mormugao Port Trust (MPT) received its largest cargo carrying ship till date, the MV Dhun, on 2 February. The ship brought around 1,04,000 tonne of cargo. MPT-Æs Chairman P Mara Pandiyan congratulated all the crew members of the ship for their efforts in bringing the large vessel into the port.
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CCEA approves five port expansion projects
The Cabinet Committee on Economic Affairs (CCEA) has approved five projects involving an investment of over Rs 17,630 crore to increase the capacity of major ports, a government release said. These five projects are at an advance stage of tendering and are expected to be awarded by the end of March. Of the five projects approved, four are container terminals and one is a multi-purpose cargo berth project in Mumbai port.
The four container terminals are proposed in the major ports of Kandla (wit
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JSW Infra to set up container terminal in Ratnagiri
JSW Jaigarh Port is planning to set up a 1-km berth container terminal in Ratnagiri. The bidding for this project is in the final stage and the project will be completed very soon. ITD Cementation India,Simplex Infrastructure and L&T are among the shortlisted bidders for this terminal, which is budgeted at around Rs 2,000 crore, according to reports. After the completion of the bidding process, the project is expected to take about two years to come on-stream and so it is expected to be operati
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L and T and Marg Group consider exiting port trade
Larsen and Toubro (L and T) and Marg Group are looking at the possibilities of exiting their port business. These engineering, procurement and construction (EPC) firms bid aggressively for port projects hoping to benefit from a booming economy and fast-growing world trade. But with the slowdown hitting both global and local economies.