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.
Category: Ports & Shipping
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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, ĂâTown of Export Excellence for Marine products.Ăâ 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 ĂâTown of Export ExcellenceĂâ 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.
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Sethu Shipping Canal Project in Palk Bay opposed
Stating that the Palk Bay Ăâ Gulf of Mannar area in Indian Ocean, is highly sensitive to higher heat flow and vulnerable to future earthquakes, several scientists, ecological experts and representatives of Coastal Action Network (CAN) have opposed the Sethu Shipping Canal Project (SSCP).
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Delay in dredging of approach channel in Vizag port
Some of the government-owned ports are bringing revenue losses to the government as they are not fulfilling their obligatorty tasks on contracts signed with private cargo handling firms, delaying their implementation and hurting the ability of these facilities to operate at full potential.
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Anti-bifurcation stir hits fertiliser movement at AP ports
In Andhra Pradesh the ongoing anti-bifurcation agitation in the coastal Andhra Pradesh is causing huge loss to ports in the state. Fertiliser handlers at seaports, particularly in Visakhapatnam port, are incurring huge demurrage (a charge payable to the owner of a chartered ship in respect of failure to load or discharge the ship within the time agreed.) losses over the last three weeks due to the agitations.