The Kandla Port Trust (KPT) has auctioned two ships belonging to Jaisu Shipping Company after the company failed to provide food and fuel to the crew members onboard six ships, KPT did this upon directions from the Gujarat high court.
Category: Ports & Shipping
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Essar Ports profit up by 21%
For the quarter ended 30 September, Essar Ports on October 31 reported a 21 per cent more in net profit as it won more business from affiliates. Profit after tax rose to Rs 97.5 crore in the quarter from Rs 80.5 crore in the year-ago period.
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Mormugao Port to receive 30 cruise liners by April
Between October 2013 and April 2014, the Mormugao Port in Goa is scheduled to welcome around 30 cruise liners. Recently the luxurious Sea Dream Yacht Club, for the first time, arrived at Mormugao Port. The yacht arrived on October 28, carrying around 125 passengers.
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Lakshadweep to get 2 more vessels: Vasan
The Lakshadweep administration would get two more ships of 400-passenger capacity each, in addition to the 25 ships serving the islands, said Union Minister of Shipping GK Vasan. He said, 2 multi-purpose cargo vessels and an oil barge would also be acquired by the island administration.
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The success lies within
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...
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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