The Rs 16,000 crore port-cum-industrial corridor deal has been cancelled by the Andhra Pradesh government. The government had signed the deal with Ras Al Khaimah Investment Authority and Matrix Enport Holdings in 2008 for building a port-cum-industrial corridor.
Category: Ports & Shipping
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India awards 13 port projects during April-Nov
During the last April-November period, the Union Shipping Ministry has awarded 13 port projects with a total capacity of 80 million tonne (mt). Last year, the Centre had awarded 14 PPP port projects. This is 30 per cent less than the total capacity of 114 mt awarded last year at an investment of Rs 5, 515 crore.
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Govt is striving to bring investments into ports: Vasan
The Union Shipping Minister GK Vasan has said on November 27 that the government is making continuous efforts to attract investment in the ports sector for augmentation of freight. Vasan said that Belgium is India's second largest trading partner with more than 150 Belgian companies in India with interests in dredging, chemicals, engineering goods, electronics and software etc.
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Kochi port invites EoI for harbour refinery
To set up an export-oriented oil refinery or an oil trading hub, the Cochin Port Trust has invited expression of interest (EoI) from companies. The oil trading hub is to come up in the proposed outer harbour area.
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APSEZ ties-up with Belgian Port of Zeebrugge
To act as a strategic entry port for the European market, IndiaÂ’s largest private port developer Adani Ports & SEZ (APSEZ) has signed a memorandum of understanding (MoU) with the Belgian Port of Zeebrugge on November 27.
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IWAI transport terminal ready at Kolkata port
A transport terminal of the Inland Waterways Authority of India (IWAI) at Garden Reach Jetty-2 in Kolkatta Port Trust is ready.
Kolkata being a transportation hub on the Ganga, the new terminal would serve Uttar Pradesh, Bihar, West Bengal and the North-Eastern Region.
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Paradip Port invites Rs 387-cr tender for cargo project
Global tenders have been invited by the Paradip Port Trust (PPT) for speedy establishment of containerised cargo handling. The Rs 387-crore project will be constructed in build-operate-transfer mode, say media reports. The facility will help shifting goods faster.
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JNPT to give Rs 200 cr loan to Mormugao port
The loss-making Mormugao Port is to get fiscal aid of Rs 200 crore from the Jawaharlal Nehru Port Trust (JNPT). Mormugao Port will have to pay 10 per cent interest to JNPT on the loan. JNPT has cash reserves of over Rs 3,500 crore.
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Paradip port targets 5.5 mt iron ore exports
During this financial year, Pradip Port Trust (PPT) targets to export 5.5 million tonne iron ore, including about 1.5 million tonne iron pellets. This is 300 per cent more than the 1.8 million tonne iron ore exports recorded by the port last year.
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Cargo handling comes to a halt at Paradip port
A dispute between two stevedore companies at Paradip Port lead to a grinding halt of cargo handling at Paradip Port. Due to the cargo halt, around 700 iron-ore laden trucks were stranded on the busy 65-km stretch of NH-5(A) from Balichandrapur to the port town.