US President Barack Obama has vowed on July 25 to use his executive powers to bypass bottlenecks in Congress and accelerate infrastructure projects to bolster growth and add jobs. Speaking inside a cruise ship terminal at Jaxport, a major passenger and cargo port on the East Coast, Obama hailed two major projects that would accommodate increasing global trade and speed the delivery of goods that arrive on huge ships and depart by train for destinations across the United States.
Category: Ports & Shipping
Post
Post
Karnataka ranks 3rd in port projects under bidding
Karnataka ranks 3rd in value terms for projects under bidding in the ports industry in the public private partnership (PPP) sector as of 30 April, 2013, according to a study titled 'Port Developments in India' by Assocham, a trade body. Gujarat and Kerala occupies first and second place, the study sai. A statement from Assocham said that With 3 projects worth over Rs 3,200 crore, Karnataka ranks 3rd with share of about 40% in value terms for the projects under bidding. However, there are no port
Post
Maersk gets award for handling highest traffic at JN Port
Maersk Line (India & Sri Lanka cluster), the core liner shipping firm of the AP Moller – Maersk Group, and the leading container shipping company in the world, received an award for highest box traffic at the JN Port Trust at 6,92,850 Twenty Foot Equivalent Unit (TEU) for the fiscal year of 2012 -2013.
Post
Cargo cost set to come down thanks to coastal shipping
With the development of coastal shipping in India, soon a car manufactured at a Sriperumbudur plant near Chennai would be able to reach Mithapur in GujÂarat within five days. While the companies can move 50 truckload of cargo in one ship, the water transportation method would also bring down manufacturing cost of the product, fuel expense and reduce carbon footprint.
Post
Indev to take up coastal shipping in a big way
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
Post
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.
Post
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
Post
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
Post
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
Post
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