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.
Category: Ports & Shipping
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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.
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JICA aid to Chennai port
For improving container movement at Chennai Port Trust (CPT), the Japan International Cooperation Agency (JICA) has offered its assistance to the CPT. The move would help the export-import trade plan better and save on time and cost.
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Ennore Port coal berth
By deciding to construct an additional coal berth at a cost of Rs 270 crore, the Ennore Port (EPL) is to take on the competition from the Krishnapatnam and Karaikal ports on the eastern coast of India.
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KPT takes over ABGs KCTPL
Kandla Port Trust (KPT) has secured the Kandla Container Terminal´s (KCTPL) Rs 110 crore debt lent by Axis Bank and UCO Bank.