Union Shipping Minister GK Vasan informed Lok Sabha that the government took several steps to support shipping sector in the last several years. Specifically, the government introduced the tonnage tax system during 2004-05 to provide a level playing field to the Indian shipping sector
Tag: Cargo
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Govt takes steps to support shipping sector
Union Shipping Minister GK Vasan informed Lok Sabha that the government took several steps to support shipping sector in the last several years. Specifically, the government introduced the tonnage tax system during 2004-05 to provide a level playing field to the Indian shipping sector
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Mundra port attains 2nd rank in container volume
Gujarat-based Mundra port overtook Chennai port to become the countryÂ’s second biggest container gateway in 2012-13. The Gautam Adani-operated Mundra port loaded 1.57 million standard containers in fiscal 2013. The number one spot in this cargo category has been held for a long time by union government-controlled Jawa
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IWAI to rope in contractor for ferrying coal
According to data available with the Inland Waterways Authority of India (IWAI), about 55 million tone of cargo is being moved annually by Inland Water Transport (IWT), a fuel - efficient and environment -friendly mode.
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Govt aims to award 30 port projects in FY14
Union Shipping Minister GK Vasan informed a parliamentary consultative committee in Mumbai that the ministry aims to award 30 projects worth Rs 24,633 crore in 2013-14. These projects may increase capacity of ports in the country by 288.48 million tonne, the minister said. Further, the minister pointed out that the achie
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Railways’ freight traffic rises 4.12% in 2012-13
During 2012-13, the Indian Railways have carried 1.009 billion tonne of revenue earning freight traffic compared to 969.78 million tonne in the previous year. This represents an increase of 39.95 million tonne or 4.12 per cent over 2011-12. In March 2013, the revenue earning freight traffic carried by Indian Railways was 98.20 million tonne. There is an increase of 4.35 million tonne over the actual freight traffi
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PIL to operate mainline ship from New Mangalore Port
Tamilvanan, Chairman of New Mangalore Port Trust (NMPT) informed that Pacific International Lines (PIL) will operate a mainline ship from New Mangalore to Mombassa in Africa. The service will have calls at Karachi in Pakistan and Jabel Ali in the Gulf region enroute. The mainline ship – mv Kota Anggerik – will carry over 300 boxes, including empty containers to Mombassa in Africa from New Mangalore. The export cargo in the vessel includ
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Deregulation of tariff may attract pvt investment
Media reports indicate that the shipping ministry's move to deregulate tariff at the existing container terminals at major ports may instill confidence in private sector players to invest in port projects. According to the tariff regime introduced in 2005, the Tariff Authority for Major Ports (TAMP) decides the rate that can be charged by the existing terminals at major ports
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Kakinada port to spend Rs 650 cr on dredging project
KV Rao, Chairman of Kakinada Deep Water Port informed a leading media that the port would spend Rs 650 crore over the next two years on dredging activity. The dredging activity is intended to increase depth of the entrance channel to 16 metre from the present 14 metre, reports suggest. The port authority expects to complete the dredging project by December 2014 after which the port
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Cargo volume at KoPT declines 7.79%
Cargo volume handled by Kolkata Port Trust (KoPT) stood at 39.88 million tonne (mn t) in 2012-13, which is 7.79 percent lower than 43.25 mn t in the previous fiscal. In 2012-13, cargo throughput attained by Kolkata Dock System (KDS) declined 3.5 percent at 11.8 mn t. On the other hand, cargo handled by Haldia Dock contracted 9.4 percent to 28.08 mn t during the fiscal. Repo