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 IndiaĂâs 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.
Category: Ports & Shipping
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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.
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NMPT to build a berth, buy mobile cranes
To strengthen it infrastructure, New Mangalore Port Trust (NMPT) has taken two major decisions. The two decisions are: Finalisation of bids for constructing the berth No 18, and procuring two mobile harbour cranes. The proposed berth No 18 is likely to add a capacity of 5 million tonne per annum to the cargo handling at the port.
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PPt to hold trade meet to improve its cargo volume
With an objective to increase its yearly cargo volume, Paradip Port Trust (PPT) is planning to host a business meet at Kalinganagar in October. PPT is to appeal to industrialists to utilise the port facility for import and export of their products and raw materials.
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Exim forum to help Cochin port
The Kerala Chamber of Commerce and Industry has floated Kerala Chamber Exim Forum to solve the problems faced by the Cochin Port management and improve the movement of cargo through the port.
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Technology in Indian port operations
Much has been written about ports' need to keep pace with the increasing trade demand through implementation of state-of-the-art technology. Manish Saigal explains what newfangled technology and processes are priority and why.
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Port operation -The efficiency factor
Slow evacuation of cargo from ports is only one of many operational hiccups that Indian ports are up against. Unsurprisingly, a majority of Indian ports have not invested sufficiently in mechanised material handling like its global peers.
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Centre clears 5 port projects
The Union Government has cleared five port projects in various ports. Four of the five projects are to come up at Chennai Port, Cochin Port, Kandla Port and Haldia Dock Complex in Kolkata.
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Vizag port takes up expansion at Rs.4,500 cr
To expand its cargo handling capacity, Visakhapatnam port plans to spend Rs 4,500 crore. The port's existing capacity is 65 million tonne (mtpa) and it plans to enhance it to 110 mtpa by 2015-16.
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Ennore Port to double car storage capacity
To cater to the growing demand for car exports from Tamil Nadu, the Ennore Port is planning to double its car storage capacity from the existing 10,000 units in a year. The additional space at the port would be ready by the middle of 2014-15, the port Director-Operations Sanjay Kumar has said.