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
Category: Ports & Shipping
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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
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Dighi Port handles second cape size vessel
In a press release, Dighi Port said it successfully handled a cape size vessel in May this year and has now handled another Capesize vessel carrying coal for one of the largest coal importers in the country. In the first year of being operational in the monsoons, the port achieved another significant milestone by successfully handling the largest Capesize vess
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Experts urge govt to revamp tariff regime for major ports
Experts and industry watchers feel that the government must revamp the tariff structure governing major ports in the country and make them market-driven rather than being regulated by Tariff Authority for Major Ports (TAMP). Industry players and experts suggest the government to reform the tariff regime in the port sect
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Resumption of rice export from Paradip Port
Srilalitha Enterprise Pvt Ltd is using Paradip Port to export rice to Indonesia. At the container yard of Paradip Port, 2,650mn t of rice was unloaded through 42 wagons from Raipur. Simultaneously ,the unloaded rice bags were stuffed into the containers. Unloading of rice from the wagons and loading into the container is being done under the sup
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GAIL, Paradip Port may sign MoU for LNG terminal project
GAIL India and Paradip Port Trust may soon sign a memorandum of understanding (MoU) to set up an LNG terminal, most probably offshore at the port. GAIL (India), the largest state-owned gas processing and distribution company, proposes to set up an LNG terminal, most probably offshore, at the port.
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EPL to raise Rs 500 crore via bonds
Ennore Port (EPL) plans to raise only Rs 500 crore through tax-free bonds instead of the earlier plan of mopping up Rs 1,000 crore. The port is awaiting government notification and it hopes that it would get the same in next two to three months.