Within the special economic zone (SEZ) limit of Mundra Port, Adani Ports and Special Economic Zone (APSEZ) proposes to set up a ship-breaking yard in about 40 hectare land. The Adani Group firm reportedly plans to set up the yard close to a boundary of the existing Mundra West Port in the next one or two years with an initial target of dismantling and recycling 40 ships every year
Category: Ports & Shipping
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Shipping sector suffers from overcapacity
Shipping companies worldwide are suffering from overcapacity or excess fleets and this depressed freight rates in the sector, reports indicate. At the end of 2012, worldwide fleet of bulk carriers rose to 679 from 393 in 2007. Further, this is expected to see growth of 10 per cent and 5 per cent in the next two years, respectively, before it tapers to 2 per cent in 2015, reports indicate
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Mercator Lines trims fleet size in dry bulk segment
According to media reports, private sector shipping major Mercator Lines reorganised itself by reducing its dry bulk fleet to 14 vessels. The company reorganised its assets in order to adapt to the low freight rate scenario in the industry. The company sold a vessel and concluded termination of contracts on three in chartered vessels in the last quarter of 2012-13, reports indicate
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Pakistan mulls ferry services from Karachi to India
According to a Pakistani media report, the national government plans to launch ferry services between Karachi and Gujarat or Mumbai. Further, the government plans to launch such a service between Karachi and Dubai. Pakistani Ports & Shipping Minister Senator Kamran Michael is quoted as saying in the media. Pakistani government set up a high-level committee to examine the feasibility of such services and the panel may
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India may ask Iran to give right to develop port
Some media reports hint that the Indian government may ask Iranian government to assign it long-term rights of 60 to 90 years to develop and operate Chabahar Port. As an initial step to the phased development of the port, the existing facility can be modernised, and subsequently its capacity can be expanded
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Mumbai Port to earn rent from land given to BMC
Media reports indicate that the Mumbai Port Trust (MbPT) may earn Rs 10 crore rent from the Brihanmumbai Municipal Corporation (BMC) for leasing
a 2,200-sq-m plot on Reay Road for 30 years. MbPT would allot the land on a licence basis to the civic body for the proposed stormwater pumping station at the Britannia Outfall at RetiBunder on Reay Road
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Panel studies proposals for deep-sea port project
A high-powered committee of the Bangladesh government is studying the proposals received from various foreign governments and overseas private sector companies for funding and constructing the proposed deep-sea port at Sonadia in Cox's Bazar. The committee will examine the strengths and expertise of the companies and governments who submitted proposal for assisting the
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Vizhinjam port unable to use new wharf
Owing to structural shortcomings and insufficient infrastructure facilities, Vizhinjam port is unable to use a wharf, which was newly constructed at a cost of Rs 8.87 crore. A report by the Comptroller and Auditor General of India (CAG) shows facilities like compound wall, transit shed and storage facility were not available for the newly constructed wharf. Four years ago, the port depa
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Krishnapatnam port handles more granite cargo
Krishnapatnam Port Container Terminal handled 2.6 lakh tonne of granite blocks for export during April-June 2013 compared to 2.25 lakh tonne in the year-ago period. During the same period, volume of granite blocks (for export) handled by the Chennai Port Trust (ChPT) declined to 1.50 lakh tonne against 1.92 lakh tonne in the year-ago period. Tuticorin Port also witnessed declin
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Container traffic at NMPT rises marginally
Container traffic handled by the New Mangalore Port (NMPT) rose marginally to 13,595 TEUs (twenty-foot equivalent units) till July 8 of 2013-14 from 13,308 TEUs in the year-ago period. Mainline vessels started calling at the port in 2007-08. The port handled one mainline vessel during that year. Raw cashewnut and coffee contribute a major share to the container cargo handling at the New Mang