Odisha Commerce Minister Subrat Tarai has stated that the Odisha government on August 30 rejected a proposal by Jindal Steel and Power (JSPL) to acquire 49 per cent stake in Gopalpur Ports (GPL) in the state. Citing the State's Law Department's report, he said that the Gopalpur port could not be transferred before its operation for at least three years.
Category: Ports & Shipping
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AP govt must set up maritime board to boost port sector
Industry watchers suggest Andhra Pradesh government to set up a state maritime board (SMB) in order to boost the port and shipping sector in the state. There are 12 minor ports and one major port in the state. Earlier in 2010, the state government introduced a draft Bill for a maritime board in the Asse
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SCI raises rates for container cargoes
Effective September 1, state-run Shipping Corporation of India (SCI) raised container freight rates on different trade routes including the Europe, Mediterranean, Black Sea and Red Sea. SCI hiked rates considering rise in the fuel costs, insurance premiums and port handling charges. It may be noted that the company, which is suffering operational loss
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Major ports witness decline in profits
The country's 12 major ports witnessed decline in profit in recent years. The aggregate profit of the 12 major ports declined to Rs 1,790.92 crore in 2011-12 from Rs 1,946.38 crore in 2010-11. The combined net profit of these ports declined further to Rs 1,220.61 crore in 2012-13. These 12 ports also witnessed contraction in cargo volume from 570 mn t in 2010-11 to 560 mn t in 2011-12.
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Capacity of major ports stand at 744 mn tpa
As on March 31, 2013, the aggregate capacity of all major ports in the country stood at 744.91 million tonne per annum (mn tpa). This information was given by the minister of state for shipping Milind Deora in Rajya Sabha. Owing to ban on iron-ore mining and global slowdown, the traffic at major ports declined last year, the minister
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Kattupalli port to give Chennai port a run for its money
The operation of container terminal at Kattupalli port may reduce the traffic of container cargo at the nearby Chennai Port, reports indicate. From next month, Larsen & Toubro Limited (L&T) plans to start operation at its container terminal in Kattupalli port. The terminal may handle up to 400,000 containers per annum and can touch half a million capacity with a single
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Private ports more efficient than major ports
Experts feel that the performance of private ports is more efficient than the 12 major ports, which are owned by the central government. The superior performance of private ports is attributed to their ability to capture the entire value in the chain—right from the time cargo enters a port till it is loa
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Port Modernisation
The Union Government has taken up modernisation and expansion of 43 port projects at a cost of Rs 12,000 crore to add about 220 million tonne capacity to the ports. The capacity of all major ports was 744.91 million tonne per annum as on
31 March 2013.
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Essar, TPG Capital in Race for Karaikal Port
To acquire a majority stake in Karaikal Port in Tamil Nau, Essar Ports and US private equity giant TPG Capital are in the fray to acquire a majority stake in
Karaikal Port. The port is a subsidiary of debt-ridden Chennai based Marg Group.
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Major Ports Handle 184.53 mt Cargo
The government-owned 12 major ports in the country totally handled 47.38 million tonne cargo in the last July. In the month, the volume of iron ore and containers handled at these ports registered a decline.