To build a new container terminal at Jawaharlal Nehru Port in India, DP World will invest about $200m., DP World has said. The world's third largest port operator will build the terminal next to the Nhava Sheva International Container Terminal (NSICT), which DP World currently operates. The new 330-metre berth with 27 hectares of yard will add 800,000 TEUs (twenty foot equivalent container units) of container capacity and help ease congestion at Jawaharlal Nehru Port.
Category: Ports & Shipping
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Andhra leads in port projects under PPP mode
According to a study by the Associated Chambers of Commerce and Industry of India (Assocham) Andhra Pradesh (AP) ranks first in value terms in port projects that are in under construction in public-private partnership mode as of April 30, followed by Maharashtra. The study titled 'Port Developments in India' says Kerala stands first in value terms in port projects under bidding stage, followed by Maharashtra again.
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Ministry to notify new tariff regime soon
Union Shipping Secretary, PK Sinha informed reporters that his ministry would notify the new tariff regime, which allows private container terminals to fix market-linked tariffs, within a month. According to the existing tariff norms, port developers cannot charge more than the ceiling tariff defined by the Tariff Authority of Major Ports (TAMP
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Ministry aims to award 30 port projects
During 2013-14, union shipping ministry plans to award 30 port projects worth around Rs 25,000 crore investment. Union Shipping Minister GK Vasan informed media persons that these projects would bring in an additional capacity of 288 million tonne per annum at an estimated investment of Rs 24,633 crore
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HDPEL to rope in a firm to revitalize business
Hooghly Dock & Port Engineers (HDPEL), situated at Kolkata, is one of the oldest shipyards in India, which is in the business of ship building and shop repairs.
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Maharashtra ranks 3rd in port projects under PPP
As on April 30, 2013, a total of five completed port projects worth over Rs 3,700 crore have been put to service delivery under the PPP model in in Maharashtra, a report by Assocham shows. The report, titled Port Developments in India shows that the state ranks second in under-construction and under-bidding port projects under public-private partnership (PPP), with a share of 15 per cent and 37 per cent, respec
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IOC to sign pact with Ennore Port for Rs 43 bn 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, which does not have adequate supply of piped gas
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DP World to sign concession agreement with JNPT
Following the resolution of environment issues, DP World would sign concession agreement with the Jawaharlal Nehru Port (JNPT) for setting up a 800,000 TEU container terminal. The Rs 1,000 crore project was awarded to DP World in October last year after the firm agreed to share 28.09 per cent of the revenue with JNPT
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JNPT, ministry discuss Rs 8 bn project
Union Shipping Ministry and the Jawaharlal Nehru Port Trust (JNPT) are discussing the hurdles in implementing the Rs 800 crore container terminal project at the port. Last year, Dubai Ports World (DP World) was awarded the contract for setting up the terminal which will have a capacity to load 800,000 containers a year. DP World agreed to share 28.09 percent of its annual reve
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VPT to rope in consultant for Bheemili port project
Visakhapatnam Port Trust (VPT) plans to rope in a Delhi-based consultant firm, Aecom, for preparing a detailed feasibility report (DFR) for the proposed satellite port at Bheemili. In 6 months time, the consultant firm may submit its report after studying topographical, hydrological and other relevant aspects like projected traffic after two decades