Nine bids have been received by the New Mangalore Port Trust (NMPT) for the construction of berth handling bulk cargo and containers. September 5 was the last date for submitting the bids. Nine companies have submitted the bids and the proposed berth will handle bulk cargo and containers.
Tag: bulk cargo
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Subdued freight rates may hit earnings of shipping firms
Subdued freight rates may affect the earnings of the Indian shipping industry and this prompted India Ratings and Research to maintain a negative outlook on the industry. The ratings agency, which is a part of the Fitch Group, feels that freight rates for dry bulk (coal and iron ore) may be hit by high
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PPT plans to expand cargo handling capacity
Paradip Port Trust (PPT) plans to expand its cargo handling capacity to 237 million tonne by the year ending 2020 in order to cater to the increase in EXIM trade. PPT is one of the major ports of India serving the eastern and central parts of the country.
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Rush for Guj port
Eighteen companies have qualified to bid for developing a Rs 1,750 crore port at Nargol in south Gujarat.