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Kerala spots 8 areas for port development

Kerala spots 8 areas for port development

The Kerala government has identified eight areas for the development of ports in the state and sought urgent aid from the Union government for the ports development. The State Fisheries and Ports Minister K Babu highlighted the issues at the 15th meeting of Maritime State Development Council (MSDC) in Bangalore recently.

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Paradip Port observes Port Day

Paradip Port observes Port Day

The Paradip Port Trust (PPT) observed the Port Day on November 17. The Port Chairman SS Mishra participated as the chief guest, unfurled the Paradip Port flag and handed over the sacred Kalas to the Sadhavas who set sail on board a traditionally decorated boat.

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Govt urged to declare coastal shipping policy

Govt urged to declare coastal shipping policy

The Union government has been urged to increase shipping around coastal area and enable hassle-free multi-modal transport. The requisition has been made by industry body Associated Chambers of Commerce and Industry of India (Assocham) and Yes Bank.

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AP cancels Rs 16,000 cr port, corridor project

AP cancels Rs 16,000 cr port, corridor project

The Rs 16,000 crore port-cum-industrial corridor deal has been cancelled by the Andhra Pradesh government. The State government had signed the deal with Ras Al Khaimah Investment Authority and Matrix Enport Holdings in 2008 for building a port-cum-industrial corridor.

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Kochi port to gain from FCI cargo

Kochi port to gain from FCI cargo

The Food Corporation of India (FCI) is to opt the Kochi port for its foodgrain movement of both bulk and break bulk cargo movement. With this, Kochi port is to gain a lot. FCI recently floated a tender for multi-modal contract for transport of rice from designated depots of Kakinada to Kerala through coastal movement.

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MSTC’s ship recycling yard to come up at Alang

MSTC’s ship recycling yard to come up at Alang

The Union Steel Ministry controlled MSTC has proposed to set up an integrated ship recycling yard under the public- private partnership (PPP) at Alang in Gujarat. MSTC said that the project can bring in substantial revenue for the government in the form of taxes and levies on the real value of goods as recorded in the e-commerce transactions.

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Apeejay eyes shipping business to gain

Apeejay eyes shipping business to gain

Expecting momentum in global seaborne dry bulk trade, Apeejay Shipping has just bought ships hauling coal, iron ore and grains. It is also looking to foray into tanker, dredging or the OSV segment as business propositions in these segments improves.

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Two terminals added to Kandla port to up capacity

Two terminals added to Kandla port to up capacity

The Union Minister of Shipping GK Vasan dedicated two terminals of the Kandla Port to the nation on November 16. Speaking on the occasion at a function in Bangalore, he said that this port, since its inception and especially in the last decade, has grown from strength to strength fuelling growth of Kutch, Gujarat and India.