To improve its capacity, the Visakhapatnam Port is to mechanise cargo-handling to face challenges from the private ports. It has also taken up nine major projects under the public-private partnership (PPP) mode, 2 of which have been finished and the rest being in various stages, said Deputy Chairman of the port GVL Satya Kumar.
Category: Ports & Shipping
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Chennai Port now eyes cruise ships
At Chennai Port, modernisation of the cruise terminal would begin in 2014 at an estimated cost of Rs 22.14 crore. The port has got Rs 8.5 crore from the Union government for development of a cruise tourism facilitation centre. The Ministry of Tourism has identified Chennai port as one of the ports for development of cruise tourism in India.
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Govt to utilise Cochin Port to export wheat
High demand for Indian wheat abroad is going to benefit the Cochin Port Trust, which is said to be struggling due to the slowdown. The Union government has proposed to enhance export of wheat and for this the Cochin Port is going to be utilised. South Korea, Bangladesh and Ethiopia are the major buyers of Indian wheat, Union Minister of State for Food and Civil Supplies KV Thomas said recently.
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Larger ships dominating busy routes: Unctad
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.
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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.