Essar Ports, through its wholly-owned subsidiary Vadinar Oil Terminal Ltd, has emerged as the highest bidder for mechanisation and operation of three iron ore berths with a combined capacity of 23 MMTPA (million tonnes per annum) at Visakhapatnam Port on BOT basis for a concession period of 30 years.
Category: Ports & Shipping
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Market linked tariff fixation likely to make port projects more attractive
The announcement of market linked tariff fixation by Shipping Ministry is likely to expedite the bidding process for various public private partnership projects at various major ports in India. Private operators have been waiting for the new tariff guidelines and are eager to place their bids for projects including container terminals at Chennai, JNPT and bulk terminals at Kandla, Goa and Vizag Port.
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Mormugao Port takes steps to attract diversified cargoes
Mormugao Port Trust is taking steps to attract cargoes other than iron ore in order to ramp up its revenue, which took a hit following the decline in iron ore export. Over 80 per cent of the total traffic at the port consisted of iron ore export cargo till the mining ban in Goa affected shipment of the raw material
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Icra optimistic on cargo growth outlook at Indian ports
A report by rating agency Icra said cargo growth outlook for ports in India continues to be strong over the medium- to long-term driven by the rising coal requirement. But the report warned that major ports would continue to suffer from issues on capacity and efficiency because slow pace of project
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Kochi Port can become bunkering hub
Kochi Port has various advantages in offering bunkering service to ocean-going ships such as high-quality bunkers, pipeline jetty loading facility for supply to ships at outer sea, a top official of HPCL said. The port offers competitive rates among South Asian ports, lowest tax rates for bunkers to foreign vessels besides offering easy access to ancillary mari
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Shreyas to launch 2 new shipping services
Shreyas Shipping and Logistics Ltd would launch two new services from August 15 in order to connect Mundra-JNPT-Hazira and Kolkata-Vizag-Chennai-Kochi sectors. With this, the Mumbai-based shipping firm would become the first company to link all key ports of India for containerised trade. Shreyas now has five vessels pro
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Govt to boost port infrastructure
The Union government intends to boost investment in port infrastructure. By allowing port operators to tweak freight handling tariff for new public- private partnerships projects in the 12 government-owned ports. It's a clarion call for more investment in port infrastructure. The government's new guidelines for future port projects will allow port operators to annually increase, upto a set limit, cargo handling rates, on the basis of market forces.
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Coast Guard adds 4th Dornier to its aircraft fleet
To enhance its maritime surveillance capability over the coastal region in West Bengal and Odisha, the Indian Coast Guard (ICG) North East Region on July 31 inducted a fourth Dornier aircraft under its operational air enclave in Kolkata. This is the fourth Dornier aircraft to be inducted into the enclave operated by the 700 Squadron of the Indian Coast Guard (ICG). The enclave operates from the Netaji Subhas International Airport in Kolkata. This was the first ICG air squadron in the country.
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Gold imports down in June, July, says Chidambaram
Union Finance Minister P Chidambaram said on July 31 that gold imports into India were lower in June and July when compared to the same period last year. India is hoping to contain gold imports well below 845 tonne that were shipped last year, Chidambaram said, a week after the central bank restricted imports further, by tying imports to exports volumes. India imported a record of 162 tonne of gold in May, triggering a series of measures to contain imports and a ballooning current account defici
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VPT to call fresh bids for Rs 6 bn project
Visakhapatnam Port Trust (VPT) decided to call fresh bidding for the Rs 633 crore project to expand the capacity of a container terminal to 850 meter from the present 450 meter. The port authority decided to call fresh bids as it failed to arrive at a consensus with the only bidder, Visakhapatnam Container Terminal Private Limited (VCTPL), in the earlier round of bidding. Both the port auth