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.
Category: Ports & Shipping
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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.
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KPT to invest Rs 6,000 cr
Kandla Port Trust (KPT) plans to set up a container terminal at a cost of Rs 5,992 crore. The terminal, which will come up at Tuna-Tekra in the Gulf-of- Kutch outside Kandla Creek, will be capable of handling container vessels up to 18,000 TEUs.
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11 firms for Ennore Port terminal project
For developing Rs 1,270 - crore container terminal at Ennore Port in Tamil Nadu, 11 companies, including four foreign firms, have submitted their Requests for Qualification (RFQs) proposals.
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Lankan port transhipment
Sri Lanka Ports Authority (SLPA) has stated that cargo to and from India accounts for 62 per cent of Colombo port's transhipment business. SLPA's Chairman Priyath Bandu Wickrama said that at present,
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Essar iron ore berths in Vizag
Essar Ports is looking to secure finances of about Rs 700 crore for developing three iron ore berths at the Visakhapatnam port in the next six months.
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VPT faces delay
Visakhapatnam Port Trust (VPT) may find it difficult to achieve its planned capacity increase to 150 million tonne by 2020 as several port projects are facing delay.
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PPT major port of the year
For its excellent performance in 2012-13, Paradip port has been conferred with the 'Major Port of the Year' award. SS Mishra, Chairman, Paradip Port Trust (PPT),
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KoPT wins award
Among all major ports in India, Kolkata Port Trust (KoPT) has been adjudged as the 'Container Handling Port of the Year,' at the 5th South East Cargo & Logistics Awards 2013 ceremony.
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Report indicates decline in market share of major ports
A report by ICRA shows the market share of non-major ports rose to 42 per cent in 2012-13 from 39 per cent in the previous year because of their efficient operation.