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.
Category: Ports & Shipping
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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,
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Khalifa Port chooses CEM security system
Khalifa Port & Industrial Zone (KPIZ), Abu Dhabi has chosen with the CEM AC2000 SE (Standard Edition) system. The system was installed at Khalifa Port by CEM Approved Reseller Tyco Fire & Security UAE Khalifa Port, the state-of-the-art gateway to Abu Dhabi was officially opened in December 2012.
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IOC to sign pact with Ennore Port for LNG project
Indian Oil Corporation (IOC), which has proposed to set up a Rs 4,320-crore liquefied natural gas (LNG) plant at Ennore would soon enter into an agreement with the Ennore Port to secure 132 acre of port land for the project. The project would enable supply piped gas in the southern region,
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DP World signs concession agreement with JNPT for gateway terminal
DP World and Jawaharlal Nehru Port Trus (JNPT) held a ceremonial signing of the concession awarded to DP World to construct and operate a new container terminal at the port. DP World received the Letter of Award for the new Nhava Sheva (India) Gateway Terminal project in November last year.
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Project delay 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.
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ISL-Gati coastal service
ISL-Gati Express, a newly launched coastal service by International Shipping and Logistics (ISL) and GATI Ship successfully completed its maiden voyage on 17 June 2013 from Kandla to Vallarpadam.
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Incentives to woo Bangalore trade to Kochi
Terminal operator DP World has announced concessions to the traders from Bangalore to attract more rail volumes. The company has come out with an incentive of Rs 1,500 for 20 ft containers
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Chennai port to restructure terminal project
Chennai Port Trust has decided to restructure the Rs 3,686 crore container terminal project as it failed to attract bidders for the project in the current form.
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Ore volume at PPT rises
Paradip Port Trust (PPT) handled 329 per cent more iron ore at 7.65 lakh tonne during April-May 2013 compared to 1.78 lakh tonne in the year-ago period. The strong growth in ore throughput from the port has given rise to hope of a revival in its export,