His company has outlined a whopping Rs 88 billion expansion plan that will take cumulative strength of its ports from 75 mtpa to 200 mtpa by 2021.
Tag: Cargo
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Poised to Take Off
Airports are the next infrastructural buzzword that will be the game-changer in IndiaĂ´s developmental leap. This buzzword is expected to be exploited using existing growth drivers like exponential growth in passenger traffic and incremental cargo volumes over the next decade.
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Iron ore shipments up 154percent through Major Ports
Iron ore cargo through Major Ports has logged the sharpest growth among all commodities in the April-December period. Till the end of December, iron ore shipments were up from 12.7 million tonnes (MT) to 32.4 MT, a rise of 154 per cent.
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German design cargo vessels for IWAIĂ´s NW-1 foray
The Inland Waterways Authority of India (IWAI) has inked a deal with DST, Germany to design vessels, especially suited to navigate the 1,620 km stretch of NW-1.
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Proposed Haldia multimodal terminal receives good industry response
Even before the construction of the multimodal terminal at Haldia in West Bengal kicks off, it has received a commitment of 5.92 million tons (MT) per annum of cargo volume by the year 2018 from the industry, indicating huge cargo potential of the proposed terminal.
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Govt ports set for rate wars
Five of the 12 ports owned by the Union government have recently won large rate hikes from the rate regulator, some in excess of 100 perf cent, after putting up with low rates for many years.
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Essar bulk terminal to hike capacity by 20 MT
The Essar bulk terminal at Hazira is all set to expand from the current 30 mtpa to 50 mtpa, up by 67 per cent, by this year end. Company officials say that the terminalĂâs current 550 metre berth will be expanded by a further 1,100 metre. Post completion, the port will have capability of simultaneously handling seven vessels at any point of time.
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Lack of infrastructure is a basic problem
More than 90 per cent of IndiaĂ´s inbound and outbound cargo is moved by the freight forwarding industry. Our association is the apex body and is a national body for this industry. We are a very important link between the trade and the government as we represent the interests of the trade to the government and assist in bringing the relevant policies to the trade.
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Major ports handle 603.37 mt in FY16 | Govt
Total cargo handled by major ports increased by 4.3 per cent to 606.37 mn t last fiscal as against 581.34 mn t in 2014-15, Parliament was informed.
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Smaller ports hit as vols dip; major ports sail on efficiency
In a reversal of trend, the major ports in the country have outpaced the non-major ones in cargo growth during the first six months of the current fiscal year.