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
Category: Ports & Shipping
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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.
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PIL plea dismissed for transfer of US vessel
A public interest litigation (PIL) seeking transfer of the US ship case from the Tamil Nadu ‘Q’ Branch police to the National Investigation Agency (NIA) or the Central Bureau Investigation (CBI) was dismissed by the Madras High Court Bench in Madurai on December 12.
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Cargo throughput up by 2.59% to 277 mt
In India's major ports the cargo throughput grew 2.59 per cent to 277 million tonne (mt) in first half of the present financial thanks to the growth at Ennore, Paradip and New Mangalore, said the agency Icra on December 11. Coal imports, petroleum oil and lubricants (POL), and fertilisers drove the volume growth, while iron ore and container volume dragged the overall growth, Icra said.
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Apeejay Shipping looks for acquisitions
As ship prices have sunk due to the persisting slowdown in the global freight market, Apeejay Shipping is on an acquisition spree. Shipping companies world over place orders for new and second-hand ships, with asset prices just beginning to claw up from their record lows.
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HSL in Vizag flags off 2 tugs to Navy in Karwar
In Visakhapatnam, Hindustan Shipyard (HSL) flagged off two 50-tonne bollard pull tugs MT Dhiraj and MT Sahas on December 4th evening. The two tugs are to reach their home port and the naval base at Karwar in Karnataka.