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Govt takes up port modernisation at Rs 12,000 cr

Govt takes up port modernisation at Rs 12,000 cr

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. This was stated by the Union Minister of State for Shipping Milind Deora in THE Rajya Sabha on August 29. The capacity of all major ports was 744.91 million tonne per annum (MTPA) as on March 31, 2013.

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Paradip Port Trust bags Think Odisha CSR Award-20

Paradip Port Trust bags Think Odisha CSR Award-20

Ć‚ā€˜Think Odisha CSR Award - 2013Â’ has been conferred on Paradip Port Trust (PPT). The award has been constituted by TeflaÂ’s and The Times of India. Sudhansu Sekhara Mishra, Chairman, Paradip Port Trust, received the award from Naveen Patnaik, Chief Minister of Odisha at the 6th edition of Ć‚ā€˜CSR awards and Think Odisha leadership.Â’ recently.

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Goa Ministry raises doubts over MPTs marina project

Goa Ministry raises doubts over MPTs marina project

The Goa Minister of Environment and Forests Alina Saldanha has raised doubts over the environmental safety of the marina projects, planned by the Mormugao Port Trust (MPT). The marina contracts have been given to Chowgule and Kharagwal groups. Last week the Port Trust had claimed that it was satisfied with the Environment Impact Assessment (EIA) submitted by the marina promoters.

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Adani pins hopes on dollar revenues from Indian ports

Adani pins hopes on dollar revenues from Indian ports

Ahmedabad-based Adani Group is alarmed with the falling value of rupee and now pinning its hopes on dollar revenues from its port trade. Gautam Adani, Chairman of Adani Group said that the port trade of the company has income streams, which are US dollar-denominated.

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OSL gets 20% revenue from dredging

OSL gets 20% revenue from dredging

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)

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Panel opposes giving profitable waterways to pvt parties

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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TIL vie for Rs 8,200 cr JNPT terminal contract

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).