The Parliamentary Standing Committee on Transport, Tourism and Culture raised concern over the negative growth of traffic in some major ports owing to decline in iron ore exports, slowdown in the economy etc. In a report submitted to the Parliament, the panel remarked that the decline in cargo volume was not a healthy trend especially at a stage where ports are heading for capacity additions
Tag: Cargo
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Kakinada old port suffers from poor infrastructure
Sources from the Kakinada anchorage (old) port in Andhra Pradesh informed that the infrastructure facilities need to be upgraded to attract more cargo. It may be noted that the port traditionally depends on rice and maize export cargo and volume of these cargoes declined of late
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Essar Ports suffers from high interest cost
High interest cost is affecting the profitability of Essar Ports, which runs Vadinar and Hazira ports in Gujarat. The company faces high interest cost of around 12-14 percent which is eroding its profit. Port operators including Essar have appealed to the shipping ministry to raise the bar on external commercial borrowings (ECBs) from the current 25
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Ennore port may award Rs 14 bn project before Dec 2013
Unconfirmed media reports indicate that Ennore Port
expects to award the contract for its Rs 1,407 port-cum-terminal project before December and the project may be completed in 30 months. The size of the terminal has been revised from the earlier 1,000 metre to around 750 metre, reports suggest. At its recent board meeting, the port decided to a float fresh tender for the
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Share of cargo handled by minor ports set to rise
Better infrastructure and operational efficiency may raise the share of total cargo handled by minor ports in the country to 45 percent in two years from the current 39 percent, some reports suggest. The share of major ports in total cargo handling may decline because they suffer from capacity constraints. While the major ports in the country controlled 561 million tonne (mn t) of cargo in 2011-12, minor ports hand
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Sri Lanka authority develops port infrastructure
Sri Lanka Ports Authority is taking steps to develop the port infrastructure around the country in order to pursue the national government's aim of making the country the Regional Maritime Hub by leveraging its unique geographical location. Recently, the authority completed dredging work at the Access Channel, the Harbour Basin and the Access Chan
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Cargo handling at six major ports rise in April
During April 2013, cargo handling at six major ports rose from the year-ago month, while that of other seven ports contracted. Cargo handling at all the major ports taken together declined 2.58 per cent to 54.56 mn t during April 2013. Paradip Port Trust (PPT) is one of the six major ports which witnessed growth in cargo
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APSEZ handles 82 mn t cargo
Adani Ports and Special Economic Zone (APSEZ) handled
82.13 million tonne (mn t) cargo in 2012-13, a growth of 21 percent from the previous year. During January-March, APSEZ handled 22.89 mn t cargo, an increase of 38 percent over the same period last year. This growth was driven by container and bulk (ma
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Report points to slow capacity addition in major ports
The Parliamentary Standing Committee on Transport, Tourism and Culture remarked pointed out to the slow pace of capacity adddition in major ports and said this was lagging behind capacity addition in private ports. In a report tabled in the Parliament, the committee said the government's aim to raise the capacity of the 12 major ports to 1,229.24 million tonne (mn t) by 2017 is a
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Mundra port set to handle more cargo than Kandla port
Mundra port in Gulf of Kutch (Gujarat), which is operated by Adani Port and Special Economic Zone (APSEZ), handled 21 percent more cargo at 82 mn t during 2012-13 compared to the previous year. The port is expected to surpass the cargo volume of Kandla Port, which is also based in Gujarat, by next year. In 2012-13, Kandla Port handled over 89 mn