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.
Category: Ports & Shipping
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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.
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Adani Ports, Visakha Terminal seek cabotage relief
After giving relaxation in coastal shipping rule to Vallarpadam port in Kerala a year back, Adani Ports and Visakha Container Terminal are still are also waiting for the Union Shipping Ministry to relax the stringent coastal shipping rule that has the potential to double their transshipment business.
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Vasan dedicates two terminals at Kandla Port
The Union Minister of Shipping GK Vasan has dedicated two terminals of the Kandla Port to the nation. Speaking on the occasion at a function in Bangalore recently 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.
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Freight rates hiked in SCI’s European sector
Government-owned Shipping Corporation of India (SCI) on November 20 announced a freight rate hike of up to $500 for 40-feet containers on the India-Europe sector. SCI is facing pressures on account of fuel price hike, the rupee movement and reduction in traffic due to which it is proposing the hikes to make operations feasible, said SCI.
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Kerala takes measures for maritime safety
Kerala government is taking all measures for ensuring maritime safety, said the State Minister for Ports K Babu. He was speaking at the 15th meeting of the Maritime State Development Council held in Bangalore recently.
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Shipping firms show interest in Kollam Port
Kollam Port is expecting more business opportunities as more and more major shipping companies are showing interest in the recently opened port. It is said that the companies will choose the port as an intermediate base. At present, about four companies have assured their frequent presence at the port.
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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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11 firms keen to bid for box handling at Kolkata port
To handle containerised cargo at the Netaji Subhas Dock (NSD) of Kolkata port, eleven companies have shown initial interest to participate in a tender. The 11 firms have participated in a pre-bid techno-commercial conference.
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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.