The Shipping Ministry will seek support from the Finance Ministry for covering the funding gap for two major ports proposed in West Bengal and Andhra Pradesh. A Cabinet note on the subject is being prepared, he said. The government has finalised Sagar and Dugarajapatnam as the two sites for setting up of the ports.
Category: Ports & Shipping
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VOC Port handles 286.42 lakh tonne in 2013-14
VO Chidambaranar (VOC) Port in Tuticorin handled a throughput of 286.42 lakh tonne during the financial year 2013-14, surpassing the pre-¡vious year's achievement of 282.60 lakh tonne and registered a growth of 1.35 per cent, in spite of global cues. Imports accounted for 209.77 lakh tonne and exports accounted for 76.65 lakh tonne.
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MoEF questions new port project in Nellore
The Ministry of Environment and Forests (MoEF) has questioned the rationale behind setting up a new port in Nellore district of Andhra Pradesh when a major port is already located there.
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APSEZ highest bidder at Ennore port
The Adani Ports & Special Economic Zone (APSEZ) has emerged as the highest bidder to construct a container terminal at the Ennore Port. The company offered highest revenue for the planned Rs 1,270 crore project, compared to DP World which was the runner. Third company, Singapore Port Authority (SPA) did not participate in the final financial bid. Totally 11 firms have shown interest in the technical bid, however only three firms came to financial bid, according to a port official.
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Dighi Port fund raise
Dighi Port located in Raigad district of Maharashtra is scouting for investors to raise around Rs 200 crore for port´s expansion. The company is raising capital to complete the first phase of port development, after which the total installed capacity of the port will be around 30 million tonne. The fund raise will be aided by IL and FS Transportation Networks, an investor in Dighi Port.
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Foundation stone for DP Worlds new terminal at JNPT
A major milestone in the development of the new DP World terminal at Jawaharlal Nehru Port was achieved with the ceremonial laying of the foundation stone by the Minister of Shipping GK Vasan.
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Ministry achieves target of port projects
Union Shipping Ministry has met the FY14 target of awarding 30 port projects, which entail an investment of over Rs 21,000 crore, adding 217 million tonne in the annual additional capacity. Unoin Shipping Minister GK Vasan said the target has been achieved with almost a full month to go on the back of changes in policies. He said during the past four years, it has awarded 88 new projects requiring an investment of Rs 42,953 crore.
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PSA bags JNPT 4th container terminal project
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.
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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