During Apr-Jun 2013, Paradip port handled 1.03 million tonne of iron ore export cargo compared to just 371,000 tonne in the year-ago period. Specifically, the cargo is iron ore fines of 62 grade. The almost three fold rise in ore export cargo is attributed to the depreciation of rupee against the dollar. Federation of Indian Mineral Industries said there is no major rush of importers to book Indian iron ore. The rise in ex
Category: Ports & Shipping
Post
Post
Vizag port may invite fresh bids for Rs 6 bn project
Visakhapatnam Port Trust (VPT) would reportedly invite fresh price bids for the Rs 633-crore contract to extend the existing container terminal from 450 metre to 850 metre. The port had earlier invited the bids to extend the container terminal and add capacity of 0.54 million TEUs in addition to the existing 0.40 million TEUs. Currently, Visakhapatnam Container Terminal (VCTPL) is handling 247,133 TEUs per annum against the capacity of 4 lakh TEUs
Post
JNPT relaxes norms to attract more bidders for Rs 82 bn project
In order to attract more bidders for its proposed Rs 8,200 crore fourth container terminal project, the Jawaharlal Nehru Port Trust (JNPT) relaxed selection norms for contractors. The port authority invited initial bids for constructing the terminal with a capacity to load 4.8 million standard containers a year. That will make it India
Post
CPT looks to handle more of clean cargoes
Chennai Port Trust (CPT) wants to increase the volume of dry bulk and break bulk cargoes like food grains, fertilizers in order to compensate for the decline in the iron ore and coal cargoes. The port lost about 18 million tonne of cargo comprising about 10 million tonne of coal and 8 million tonne of iron ore in the last few years owing to reasons beyond the control of the port
Post
Poovar region touted as ideal site for shipyard project
The Poovar-Pozhikkara region is an ideal location for the proposed ship building and repair yard, suggested 'Thiruvananthapuram Coastal View' a forum for the development of the capital city of Kerala. Therefore, the forum urged the state government to recommend the region, which is a nearby beach resort of Thiruvananthapuram, as the site for the yard project
Post
BDI rises due to demand for ore from China
Media reports indicate that the increase in demand for iron ore from China, the largest producer of steel, raised the Baltic Dry Index (BDI). The index tracks freight charges or the cost of moving the major raw materials by sea and it is published daily by the London-based Baltic Exchange
Post
Shipping Min set to abolish TAMP
In a bid attract more investment in the port sector the Ministry of Shipping is finally coming out with a decision to remove Tariff Authority of Major Ports (TAMP) control over major ports in this month end, a senior ministry official said here today. The move is one of the reform processes towards the de-regulation.
Post
Pvt players show less interest in port projects
Interest shown by the private sector in port projects has declined in recent years because of the general slowdown in the economy, accompanied by low cargo volume and a difficult funding environment. Owing to these factors and the risks involved in implementing big-ticket projects, port developers are seen to prefer smaller projects with a lower risk profile, reports indicate
Post
Unions oppose privatisation in port sector
Labour unions in some of the major ports in the country are opposing privatization of cargo-handling activities for fear of losing jobs. India has 12 major ports, which are controlled by the union government. The shipping ministry has planned to implement several port projects on public private partnership (PPP) mode, thereby attracting priva
Post
Ministry asked to award one major port project in 6 months
At a recent review meeting of infrastructure ministries, Prime Minister Manmohan Singh asked the shipping ministry to award only one of the proposed two major port projects over the next six months. It may be recalled that the union budget 2013-14 proposed to set up two major port projects, one each in Andhra Pradesh and West Bengal. Of late, private companies developed cold shoulder in implementing projects in the port sector. Projects award