Forty industry experts set out to determine the real shipping issues holding India back. Experts discussed the potential that exists and more importantly the secret of success at the 9th India Shipping Summit held on 21-23 October 2013 in Mumbai. A report...
Category: Ports & Shipping
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The best laid plans
Kandla Special Economic Zone (KASEZ) has come a long way since its inception. Still, although KASEZ has been the pioneer among SEZs, challenges are plenty in growth and development. Janaki Krishnamoorthi traces the journey of the oldest FTZ in India.
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GAIL to set up LNG terminal at Paradip Port
For setting up an offshore LNG terminal at Paradip Port in Orissa coast at a cost of Rs 3,108 crore, India's largest state-owned natural gas distributor GAIL (India) has entered into a memorandum of understanding with Paradip Port Trust (PPT). The proposed 'Floating Storage Regasification Unit' will have an initial capacity of four million tonne per annum (mtpa).
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Pipavav Port gets dividend
Gujarat Pipavav Port (APM Terminals Pipavav), has got an interim dividend of Rs 38 million (5 per cent) from Pipavav Railway Corporation (PRCL). The dividend is a historic first for Indian Railway's flagship infrastructure company under public-private partnership (PPP). The dividend cheque for the current financial year was handed over to Dinesh Lal, director of APM Terminals Pipavav by Pankaj Malviya, MD of PRCL.
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Ports to fix market rates for services
The Union Government will allow the trusts that run the 12 ports owned by the Union Government to raise rates for port services every year based on market conditions if they adhere to certain performance standards. For this, the Union Shipping Ministry is working out on a plan. Presently, rates charged by these trusts for cargo and vessel-related services are worked out on the basis of a guideline framed in 2005.
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Speedy clearance of exports in Kochi port
An export processing centre and Gate Module have been launched by the Customs Department at ICTT Vallarpadam for speedy export clearance
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UltraTech terminal at Mumbai
To cut expenditure on logistics, UltraTech Cement is set to build a Rs 100-crore terminal at the Mumbai Port to transport cement from its plants in Gujarat into Mumbai.
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Paradip Port to have container handling infra
To increase traffic through its route, Paradip Port Trust (PPT) in Orissa has decided to establish ´containerised cargo handling´infrastructure. The port is now worried over diversion of specific cargoes to major ports.
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Fireworks to be exported via VOC Port
Fireworks sector in Sivakasi of Tamil Nadu is to utilise VOC Port to tap the huge global market for crackers. Officials of VOC Port Trust in Tuticorin decided to permit export of fireworks through the port.
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Inland port proposed in Jharkhand
The proposal to build an inland port on the Subernarekha river in Sahebganj in Jharkhand has been said to be cleared by the Planning Commission.