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. The expansion plan includes setting up of 3-4 new berths besides modernising the existing berths towards fully mechanised ones.
Category: Ports & Shipping
Post
Post
Nod to licensing of land to developers of 4 major ports
The Union Cabinet has approved a proposal to license land to developers of projects at four major ports under public-private partnership (PPP) mode to strengthen the ports' capacity. It cleared one project on lease basis for setting up a cement bagging plant at Cochin Port.
Post
Paradip port handles 21% more cargo in Aug
During the last August, Paradip Port Trust (PPT) handled 5.91 million tonne (mt) cargo of imports and exports, compared with 4.88 mt handled in the same month last year, registering a growth of 21.07 per cent. The August figure is also 13.29 per cent higher than the target fixed for the month. During the month, 2.42 mt cargo was exported and 3.49 mt was imported through the port.
Post
New Mangalore port receives 9 bids for building new berth
Nine bids have been received by the New Mangalore Port Trust (NMPT) for the construction of berth handling bulk cargo and containers. September 5 was the last date for submitting the bids. Nine companies have submitted the bids and the proposed berth will handle bulk cargo and containers.
Post
VPT to set up a major port in Nellore district
With an investment of Rs 9,500 crore, Visakhapatnam Port Trust (VPT) will establish a major port at Duggarajupatnam in Nellore district of Andhra Pradesh. The exact location proposed for the port is at Duggarajupatnam, where four berths would be constructed. The site would be developed as a major port in the East Coast, VPT said in Visakhapatnam.
Post
Kerala plans port at Vizhinjam, expects nod from Centre
For a proposed port at Vizhinjam in Kerala, the State government is awaiting the Central government's green signal, said the State Ports and Fisheries Minister K Babu. Near the famed tourist sport Kovalam, the Vizhinjam port has been planned by the State government.
Post
Depreciation of Rupee hits port development: Vasan
The Union Shipping Minister GK Vasan recently said that the falling value of rupee will stroÂngly affect port development works in the country and its shipping industry. The present economic crisis in India has affected employment opportunities of even cadÂets trained at the Shipping Corporation of India (SCI)-run Maritime Training Institute (MTI), the Minister added.
Post
Boost to liquid cargo capacity at New Mangalore port
As the Mangalore Refinery and Petrochemicals (MRPL) commissioning its single-point mooring (SPM) system
at New Mangalore Port last week, the port's liquid cargo handling has been boosted. Single point mooring is an offshore facility that serves as a mooring point for tankers to discharge their cargoes. For now, MRPL is served by two berths at the port to handle crude oil and petroleum products.
Post
Iron ore shipments from Australia up as China buys more
Cargoes including iron ore shipments from AustraliaÂ’s Port Hedland have increased to China in August. Hedland is worldÂ’s biggest bulk terminal. In August, exports totaled 27.4 million tonne from 26.6 million tonne in July and 22.8 million tonne a year earlier.
Post
NMPT registers a growth of 12.25% in cargo
In the first five months of 2013-14, the New Mangalore Port (NMPT) recorded a growth of 12.25 per cent in cargo handling. The port handled 15.76 million tonne of cargo from April-August as against 14.04 million tonne in the corresponding period of the previous fiscal (2012-13). Crude oil and coal contributed to the growth in port's cargo handled during the period, said the port's Chairman P Tamilvanan.