Responding to President Pranab Mukherjee's suggestion to develop a new port near Kolkata, Belgium on October 3 assured the Indian government that it would look into the President's suggestion. The two countries have discussed cooperation in new areas like port management.
Category: Ports & Shipping
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1st fast patrol vessel joins coast guard duty
The Cochin Shipyard built fast patrol vessel (FPV) has been delivered to the India Coast Guard (ICG) to strengthen coastal security. The FPV is the first of the 20 vessel series of Cochin Shipyard (CSL), a public sector undertaking.
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Cluster concept suggested to Indian shipbuilding
For the benefit of shipbuilding and repair sector in India, formation of a cluster concept has been suggested. The suggestion has been made by the Parliamentary Standing Committee on Transport.
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Indian shipping hopes for better as volumes up
In September, Indian shipping industry saw a slight rise with an increase in shipment volumes, driven by an increase in iron ore import by China and economic recovery in the US and Europe. Shipment volumes, across dry bulk, tanker and container carriers, have suffered in the last two years due to excess capacity and a fall in international trade.
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Portman joins UK firm Nectar Group
Portman India has collaborated with
UK-based Nectar Group and entered into 50:50 joint venture (JV) contract with it for professional services in design, development and operations of ports and terminals in India.
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Vizag port exhibits new facilities to dealers
To market its new facilities developed for quick discharge of cargo the Visakhapatnam port conducted a tradersÂ’ meeting in the city on October 1. The port is undergoing huge mechanisation. The port requested the East Coast Railway (ECR) to expedite the electrification of yards within the port and augmentation of connectivity beyond port to cope with the increase in traffic at the port in view of ongoing mechanisation work.
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NMPT achieves 15.8% in cargo handling in H1
In the first six months of the current fiscal, the New Mangalore Port Trust (NMPT) has recorded a growth of 15.78 per cent in cargo handling. The port handled 19.37 million tonne of cargo during April-September of 2013-14, against 16.73 million tonne in the corresponding period of the previous fiscal, the port said.
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Cargo demands to persist in ports: ICRA
Due to sluggish progress in iron ore and container volumes, cargo pressure will persist at major ports, said rating agency ICRA. Iron ore has been the main laggard in the first 5 months (April-August) of this fiscal year, ICRA said.
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SCI to exit JV with Shapoorji Pallonji group
After its continuous losses, State-owned Shipping Corporation of India (SCI) has decided to exit its chemical carrier joint venture with Shapoorji Pallonji Group. The exit is part of a plan to trim losses at IndiaÂ’s biggest ocean carrier, which faces the prospects of losing its so-called navaratna tag if it posts losses in the year to March 2014, which would be its third in a row.
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Vasan tells Chennai Port to promote sailing sport
Union Shipping Minister GK Vasan has said that the Chennai Port Trust is considering the Tamil Nadu Sailing Association's request to allot it an area on a long-term basis at a concessional rent for sailing activities.