Experts suggest shipbuilding and shipping companies to diversify into dredging segment in order to cope with the slackness in cargo business. Shipyards are not getting new orders for ships from shipping companies owing to oversupply of fleet and slowdown in the international trade. Under this condition, shipyards may diversify into construction of dred
Tag: Cargo
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Kollam port fails to attract cargo vessels
Kollam Port, which was set up at a cost of Rs 50 crore some years ago, failed to attract cargo ships so far. Some reports attribute the poor traffic at the port to lack of proper road connectivity and local resistance to any development programme. Kerala government set up Kollam port within the Tangasseri breakwater complex and inaugurated it in 2007
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Govt to publish draft guidelines on tariff setting
Media reports indicate that the government would publish the final draft guidelines on tariff setting by ports in the country after it receives the clearance from Shipping Minister GK Vasan. The final draft guidelines allows the Tariff Authority for Major Ports (TAMP) to notify first a port-wise reference rate for various commodities. TAMP will set the reference tariff that will typically be the highest prevailing rate set on the basis of guidelines fram
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Govt to publish draft guidelines on tariff setting
Media reports indicate that the government would publish the final draft guidelines on tariff setting by ports in the country after it receives the clearance from Shipping Minister GK Vasan. The final draft guidelines allows the Tariff Authority for Major Ports (TAMP) to notify first a port-wise reference rate for various commodities. TAMP will set the reference tariff that will typically be the highest prevailing rate set on the basis of guidelines fram
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DFCCI awards Rs 67 bn corridor project to L&T consortium
Dedicated Freight Corridor Corporation of India (DFCCI) awarded a Rs 6,700 crore contract, the single largest rail contract so far in the country, to a consortium of L&T and Sojitz, a Japanese infrastructure major. The consortium is said to have received the letter of award for the project. According to the terms of the contract, the consortium is responsible for laying an 643 km of rail track between Rewari in Haryana and Palanpur in Guja
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Ore volume at PPT rises 329%
Paradip Port Trust (PPT) handled 329 percent more iron ore at 7.65 lakh ton during April-May 2013 compared to 1.78 lakh ton 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, which has been dwindling for the past couple of years. During the two months, the port witnessed rise in throughput in some other cargoes as well. The other item
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Mumbai Port closes Hay Bunder
Mumbai Port Trust will ensure from this month there is no docking at Hay Bunder and barges are re-routed. Hay Bunder has been inactive because a lot of vessels heading there do not comply with security requirements. Hay Bunder has been used extensively by vessels transporting chemicals and fertilisers
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Mormugao Port to develop as cruise terminal
Mormugao Port Trust is holding discussion with various cruise liners to call at the port as Goa is also a popular holiday destination. The port is making attempt to develop cruise tourism as it would serve as an alternate source of revenue at a time when the iron ore cargo volume declined following the ban on mining
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Large container ship calls at Mundra Port
The ultra-large container ship MSC Valeria, having a capacity of 14,000 twenty feet equivalent unit (TEUs), recently called at the new container terminal of the Mundra port. TEUs, or twenty feet equivalents, are the standard units for quantifying cargoes at the container ships. The ship has an overall length of 365.5 metre (1,199.2 feet) and Mundra port is said to be the first in the country to handl
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Bangladesh seeks clarity on container terminal project
Bangladesh government sought clarification from the Indian government about the proposed container port project in Narayanganj by the bank of the Shitalakhya river. Narayanganj is a crucial port facility on the outskirts of Dhaka which is also used by Indian cargo vessels under the India-Bangladesh water transport protocol. It is learnt that the Bangladesh government was