There is a further progress in the efforts of the Visakhapatnam Port to expand a satellite port near the 17th century Dutch township of Bheemunipatnam in the country's east coast as Delhi-based consultant has come forward to submit a detailed feasibility report (DFR) on next month.
Category: Ports & Shipping
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Chennai firm to start cruise liner from Mumbai
Using Mumbai as a home port, a cruise liner service will be started by a Chennai-based company Newport Maritime by next year. Newport Maritime, founded by Sivakumar Elayathamby Sinnarajah, a person of Sri Lankan origin and a US citizen, plans to invest $400 million over five years to run the service with two used luxury cruise ships.
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Govt drops Chennai mega terminal project for now
Recent media reports say that the Union Shipping Ministry, after failed attempts to get the Chennai Mega Container Terminal up and running, has taken off the project from its list of targets this year. The terminal project cost has gone up from earlier estimates of Rs 3,800 crore to nearly Rs 5,000 crore.
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Govt leaves several ports without heads
Several major posts and projects in the country have been doing with temporary chairmen for months and this has resulted in lack of proper leadership to the sector. From Shipping Corporation of India (SCI) to Jawaharlal Nehru and Vizag ports, all have been doing with temporary chairmen for months. It has resulted in poor cargo growth.
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AP to get another major port at Rs 9,600 cr
On the proposed major port at Dugarajapatnam in Nellore district of Andhra Pradesh, RITES has submitted a feasibility report. The port is planned to be built at an estimated cost of Rs 9,600 crore.
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Port to come up at Honnavar at Rs 600 cr
A new port in Karnataka's Honnavar has been planned by the State government at a cost of Rs 600 crore under the public private partnership (PPP) model. Foundation stone to the port will be laid in November next. And the State government also plans to build a protection wall along its coastline at a cost of Rs 950 crore.
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Ennore Port registers 59% rise in cargo
In handling cargo, during the first half of this financial year, Ennore Port has achieved the fastest growth rate among all major ports with a 59 per cent increase.
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Pradeep Mohanty appointed new Dy Conservator of NMPT
The Union Ministry of Shipping has appointed
Pradeep Mohanty as Deputy Conservator of New Mangalore Port Trust (NMPT). Mohanty joined NMPT as Harbour Master on November 10 2008 and subsequently he was holding the additional charges of Deputy Conservator with effect from December 3, 2008.
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Indian maritime sector to touch $80 bn by 2020
Chairman and Managing Director of Indian Registrar of Shipping Arun Sharma has stated that the country's maritime business is set to grow by 20 per cent annually to reach $80 billion by 2020. India's maritime business has a lot of opportunities, Arun Sharma said.
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Govt to promote coastal shipping for cargo
To attract manufacturers and transporters to the coastal shipping mode of transport from road and rail movement of their goods, the Union Ministry of Shipping is planning to offer them certain incentives. Currently, in India, over 60 per cent of the domestic cargo is moved by road and 30 per cent by rail, with coastal shipping accounting for only about 8 per cent.