Union Shipping Minister GK Vasan has stated that India has tremendous potential to become the next hub of ship building. He was speaking at the launch of INS Vikrant in Kochi on August 12. Vasan stressed the need for a vibrant shipbuilding industry and more shipyards. The Minister said that there are vibrant shipbuilding industries behind the growth of major economies like USA, some European countries, Japan and Korea.
Category: Ports & Shipping
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Vizag port pitched as an alternative for foreign trade
Considering the Visakhapatnam port's modern facilities and its appropriateness, stakeholders of both India and Nepal have underlined the need to open the port as an alternative port for India's foreign trade, said Sushil Mulchandani, chief operating officer of Visakha Container Terminal Private Limited. He was addressing Nepal-India Business Conclave, 'Visakhapatnam Port: Additional Gateway for NepalĂâs Export Import Traffic.' in Kathmandu on August 11. Visakha Container Terminal is the operator
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India to get shorter sea route to reach ASEAN
To have much shorter sea route to the economically vibrant Southeast Asian region and help boost its trade and push for greater connectivity with ASEAN (Association of South East Asian Nations) countries, India is mulling on a deep-sea port in southern Myanmar. The Dawei deep sea port and special economic zone is slated to give a huge boost to connectivity and trade in the Southeast Asian region when it is commissioned in a few years. The $8-billion project is being developed jointly by Myanmar
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Qingdao, Lianyungang ports to up iron ore cooperation
In China, Qingdao Port (Group) Company and Lianyungang Port Group Company have got into an agreement to expand their strategic cooperation in iron ore businesses and build iron ore logistics system. Yard capacity at Qingdao port and Lianyuangang port is 15 million tonne and 7 million tonne respectively.
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Ennore Port to select contractor for $210 mn project
Ennore Port is in the process of selecting a contractor for the construction of a $210 million multi cargo terminal with a quay length of 270 m. The port, which is is the first Corporatised Major Port under the management control of Ennore Port (EPL), received 11 initial bids from private groups for the project. The scope of work of the project, namely Ennore Port multi cargo terminal will broadly include: design, finance, cons
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Rites estimate costs for AP, West Bengal port projects
Rail India Technical and Economic Services (Rites) found that the capital costs involved in setting up Sagar port in West Bengal is estimated at Rs 7,820 crore. It also found that the capital cost for Dugarajapatnam port project in Andhra Pradesh would be Rs 7,988
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Paradip port to conduct another round of bidding for two projects
Sources from Paradip Port Trust (PPT) informed that
the authority would conduct fresh bidding for the Rs 591.35 crore the iron ore berth project and Rs 387.31 crore multi-purpose berth project. The port authority wants to engage a private player for the construction of a 10-mn tpa deep draft iron ore bert
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Countries discuss transportation of goods from Chabahar port
Iran's President Hassan Rouhani held talks with Afghanistan Vice President Hamid Ansari on transportation of goods from Chabahar port in Iran. Two Indian ports expressed interest to upgrade Chabahar port and India's External Affairs Minister Salman Khurshid held discussion with Iran on the matter
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Chinese firm to operate terminal in Sri Lanka
China Merchants Holdings International Co would operate the new container terminal opened in Colombo recently. The terminal gives a new sea route for mega vessels from China. The terminal which is regarded to be as sophisticated as the container terminal at the Singapore port
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GPPL to invest Rs 11 bn on capacity enhancement
In the next two years, APM Terminals-owned Gujarat Pipavav Port (GPPL) plans to invest Rs 1,100 crore to double container capacity and setup tank farms at an investment. GPPL, which runs IndiaĂâs first private port at Pipavav, plans to expand its container capacity from the existing 850,000 twenty foot equivalent units of containers (TEUs) to 1.5 million TEU