Marine service provider Ocean Sparkle (OSL) generates 20 percent of its revenue through dredging operation and another 45-50 percent of income from operations at minor ports. The Hyderabad-based firm provides services like harbour towage, pilotage of various kinds of vessels including specialised tonnage like LNG (liquefied natural gas)
Category: Ports & Shipping
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Panel opposes giving profitable waterways to pvt parties
The Parliament's Standing Committee on Transport, Tourism and Culture said in its report tabled in the Parliament on August 27 that it is against the Shipping Ministry's proposal of handing over profitable stretches of National Waterways 4 and 5 to private investors through public-private-partnership (PPP) mode.
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Plan ready to develop naval amenities at Brisbane port
Brisbane city in Australian state of Queensland has enough deepwater capacity to host Royal Australian Navy vessels. The Port of Brisbane is preparing A 20-year plan to provide naval facilities. The Port of Brisbane regularly hosts large American naval ships.
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TCX to start services from Kattupalli port from Sept 19
A regular schedule from Kattupalli port in Tamil Nadu has been announced by Thailand-Chennai Express Service (TCX), a consortium of NYK and X-Feeders. The service will be operational from September 19.
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TIL vie for Rs 8,200 cr JNPT terminal contract
After buying a 50 per cent stake in a container-loading facility at Mundra port in Gujarat in last July, Terminal Investment Ltd SA (TIL) , majority owned by Mediterranean Shipping Co SA (MSC), is looking to expand in India further. Terminal Investment Limited SA (TIL) invests in, develops and manages container terminals around the world. The company was founded in 2000 to secure berths and terminal capacity in the major ports used by Mediterranean Shipping Company (MSC).
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Colombo ports south container terminal opens
Commercial operations of the International Port of Colombo South Container Terminal Project at Colombo Port was flagged off on August 5. The new terminal has been constructed by China Communications Construction Company, Zhenhua Heavy Industries, FHDI Engineering Company and Third Highway Engineering Company. With $300 million cost the project has been constructed in 28 months.
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Centre to develop two new major ports in AP, WB
The Government has decided to develop two new major ports with private participation under the Public Private Partnership (PPP) Mode, one at Dugarajapatnam in Andhra Pradesh and the other at Sagar Island in West Bengal, said the Union Minister of Shipping GK Vasan in a written reply in the Lok Sabha on August 26.
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Tuticorin may soon get the Export Excellence Town tag
Tamil Naudu's Tuticorin town is all set to secure the title, ‘Town of Export Excellence for Marine products.’ And for this, the Indian Chamber of Commerce and Industry in Tuticorin has been striving to earn the recognition for the town. Seafood exporters were looking forward to the recognition award to boost exports. Production and export of frozen seafood from Tuticorin Port had crossed Rs 1,000 crore, to earn the status of ‘Town of Export Excellence’ in marine products.
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Govt clears Rs 1 lakh cr infra projects
The Union government on August 26 cleared Rs 1 lakh crore infrastructure projects which include projects under shipping and ports sector. The Prime Minister Manmohan Singh headed Cabinet Committee on Investment (CCI) has also asked the departments concerned to remove the bottlenecks for the projects within a month.
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Container freight rates to be hikded
The container freight rates on the India-Europe sector will be increased by $300 for 20-feet containers from September 1, said the Shipping Corporation of India on August 26.