Unctad report on maritime transport says that ships have become bigger, and the number of companies in most markets has diminished over the last 10 years. The report stated that on an average, the number of companies whose ships sail into each country has decreased by 27 per cent during the last 10 years from 22 in 2004 to just 16 in 2013.
Category: Ports & Shipping
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Work hits at ore-handling complex in Vizag port
As workers went on a strike, work in the iron ore-handling complex (OHC) at Visakhapatnam port was paralysed last week. The workers were protesting against the privatisation of OHC even though a petition was pending in the Andhra Pradesh High Court.
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Shippers insist for performance clauses in cargo contracts
Exporters and importers want the government to incorporate performance monitoring and penalty clauses while allowing existing private cargo handlers to migrate to a new market-linked tariff regime announced for new projects in July.
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Cochin Shipyard commissions fast patrol vessel
Cochin Shipyard-built Aadesh vessel, the first of the series of 20 Fast Patrol Vessels (FPV) for the Indian Coast Guard, was commissioned in Kochi last week. Two ships of the class have been delivered to the Coast Guard and the third would also be delivered by the end of the month, the Cochin Shipyard said.
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Essar Ports enters into Concession Agreement with Visakhapatnam Port Trust for development of three iron ore berths
Essar Ports Ltd. (Essar Ports), part of the $39 billion Essar, today announced that Essar Vizag Terminals Ltd., a wholly owned subsidiary of the company, has entered into a Concession Agreement with Visakhapatnam Port Trust for development
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SCI eyes inland waterways business
The Shipping Corporation of India (SCI) is also evaluating prospects of entering inland waterways as the bulk cargo movement beginning through inland waterways from Haldia again after decades. SCI sources said that it is evaluating and keeping a close watch on the business prospects of inland waterways.
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Great Eastern Shipping orders for 3 new carriers
In a press release, the Great Eastern Shipping Company has informed the BSE that the Company has placed an order for building three new Kamsarmax dry bulk carriers with Jiangsu Yangzijiang Shipbuilding Group, China. The 3 vessels are expected to join the Company's fleet in 2Q and 3Q of CY 16.
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Govt to develop Vizag port at 845.41 cr
For handling iron ore at Visakhapatnam Port, the Union government has accorded approval for implementation of the project, upgradation of the existing facility at outer harbour and creation of new facility at inner harbor.
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Govt gives nod for rail link to Astranga port
The Union government has given its ‘In Principle’ clearance for rail connectivity to port of Astranga in Odisha. This information was given by the Minister of State for Railways Adhir Ranjan Chowdhury in written reply to a question in Lok Sabha on Decembder 12.
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L&T Shipbuilding bags Qatar firm order for Rs 943 cr
Larsen & Toubro's subsidiary, L&T Shipbuilding on December 12 said it has received a repeat order for six specialised commercial vessels valued at USD154 million (INR943 crore), from a Qatar-based firm.