Media reports suggest that Sanghi Cement would invest Rs 150 crore for buying ships and for setting up new jetties or terminals. The company would spend Rs 100 crore on its Mumbai jetty in the next three years. Sanghi Industries has a captive jetty near its cement plant in Abdasa, Kutch and a sea terminal at Navlakhi port of Gujarat Maritime Board (GMB) in Rajk
Category: Ports & Shipping
Post
Post
Chennai port may restructure terminal project
According to source-based information, the board of trustees of the Chennai Port decided to restructure the Rs 3,686 crore container terminal project as it failed to attract bidders for the project in the current form. The port planned to invest Rs 561 crore on the project and attract the remaining Rs 3,125 crore investment from private sector. The port trust shortlisted seven bidders for the proposed terminal with a capacity to load 4 million stan
Post
Study shows bright prospect for proposed port
A study released by the Trivandrum development front (TDF) shows bright prospects for the proposed Vizhinjam international seaport project in Kerala. TDF recently released a comprehensive site analysis and prospects of Vizhinjam port based on the environment impact assessment report and master plan. The study pointed out that the port, when operational, will b
Post
Slew of projects delayed in Kolkata port
Industry observers raise concern about delay in the slew of port projects proposed in the Kolkata port. For the last 10 years, authorities have been proposing to set up cargo handling facilities at Sagar Island closer to sea. Initially, they proposed to set up a deep-sea port on the line of a similar port near Shanghai. The advocates of such a project took some time to reali
Post
Ports must be need-based
There are several state-run ports mushrooming across the entire coast line, but do we need a port at every 100 km of coastline? Probably not, the key is to build port capacity where it is needed the most,
Post
Relax rules and regulations without losing control: Experts
It's time for action now, they say. The sector has held promise in attracting investments, both domestic and foreign. But clearances, infrastructure and other bottlenecks continue to slow the pace of implementation down.
Post
Gujarat’s non-major ports have grown by 13 per cent
Gujarat has planned more than 40 ports, and this overwhelming number has both been welcomed and has raised questions. AK Rakesh, Vice Chairman & Chief Executive Officer, Gujarat Maritime Board,
Post
Ports should set their own tariffs, not TAMP
Regulatory and clearance delays may be necessary evils in infrastructure projects, especially those under PPP. But as N Muruganandam, Joint Secretary, Union Ministry of Shipping, elaborates the government's ambitious plans of port infrastructure development in the coming years may also be accompanied by some ironing out of those issues.
Post
Revenue model needs to change
In the revenue sharing model, an investor who is investing in the port project should also get some comfort level in the initial years, says Umesh Grover, Group Executive Director, Shipping & Infrastructure, SKIL Infrastructure. There has to be a gestation period but as the cargo increases, the proportion of revenue share should also be increased.
Post
When we finally hit the target?
Missing Maritime Agenda targets has been the norm. But now, the Shipping Ministry is pushing the much needed expansion of its severely congested ports with some urgency, even as the new targets for the year have been announced. As major ports are losing their lure with investors,