Logistics services provider Indev is planning to enter the costal shipping arena, stated Indev Group Chairman Xavier Britto. To this end, the company is planning to set up a container freight station spread over 20 acres at Visakhapatnam within the next two years at an investment of Rs 75 crore. Indev, which has two million sqft of warehousing space across 14 locations in the country, is planning to add another one lakh square feet of warehousing facility at a cost of Rs 40 crore near Noida soo
Category: Ports & Shipping
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Setting up of Maritime varsity in Kochi delayed
KochiÂ’s aspirations of hosting IndiaÂ’s second maritime university remains on paper more than five years after the Parliamentary Committee on Transport, Tourism and Culture recommended the setting up of maritime universities at five centres in the country, including one in Kochi city.
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GE Shipping fleet to get two more dry bulk carriers
Great Eastern Shipping on July 25 said it has placed orders with a Japanese company for building two dry bulk carriers. GE Shipping has placed an order for two new Kamsarmax dry bulk carries with Tsuneishi Shipbuilding company, Japan, the country's largest private sector shipping firm said in a statement. These vessels will be built at the Yard's facility in Philippines, it said, without giving financial details
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VPT faces delay in implementing key projects
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. The company planned to achieve this capacity expansion through an estimated investment of Rs 14,000 crore. The port authority is facing implementation delay for thre
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JNPT to accept RFQ till Aug 19 for container terminal project
Until 19 August, prospective bidders can submit requests for qualifications (RFQ) for the proposed fourth container terminal project of at the Jawaharlal Nehru Port (JNPT). The port authority recently extended the deadline for submitting RFQ for the project reportedly because bidders were
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Chidambaranar Port loads record tonnage of salt
VO Chidambaranar Port Trust in Tuticorin, Tamil Nadu loaded the highest tonnage of 13,200 mn t salt in bulk in the vessel MV Great Gain. S Natarajan, Chairman of the major port said in a press release that this was the record handling of salt in bulk by the port in a single
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TN govt to set up multi-user port in Cuddalore
The Tamil Nadu government would upgrade the existing captive port in Cuddalore and set up a new multi-user greenfield port to support the proposed Chemical and Petrochemical Investment Region project. Earlier, the Marg and Chemplast consortium signed a 30-year concession agreement with the state gove
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Essar to set up 3 iron ore berths in Vizag at Rs 1,000-cr
India's second largest private port operator, 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 6 months. In June, the company had won the bid for mechanisation and operation of three iron ore berths at Visakhapatnam Port, which will have a combined capacity of 23 million tonne per annum (MTPA). The total project cost is estimated to be about Rs 1,000 crore, said Essar Ports' Managing Director Rajiv Agarwal.
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Essar Ports Ltd – Q1 FY14 Net Profit up 48 per cent to Rs 101.4 cr
Essar Ports Ltd. (Essar Ports), part of the Essar Group, today announced its unaudited results for the quarter ended June 2013. Net Profit for Q1 FY14 increased by 48% to Rs. 101.4 crore from Rs. 68.5 crore in Q1 FY13.
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Kakinada port to benefit from LNG projects
The proposed liquefied natural gas (LNG) terminal project in Kakinada would benefit the Kakinada deepwater port in enhancing its cargo volume. One of the proposed terminals would be set up by a consortium of Shell, Reliance and the Kakinada Seaports Private Limited (KSPL) and the other by AP Gas Distribution Corporation Limited (a joint venture of Gail