The agreement between Cochin Port Trust and DP World for developing and operating the Vallarpadam International Container Terminal (ICTT) should be reviewed, say speakers at a seminar in Kochi on October 17. The seminar, ĆāSalvage Sinking Cochin PortĆā was organised by the Cochin Voice, in Kochi.
Tag: Cochin Port Trust
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Cochin Port Trust may incur losses this fiscal too
The Cochin Port Trust, once a profit making firm, has now accumulated losses of Rs 68 crore at the end of the last financial year due to dredging activity for the Vallarpadom international container transshipment terminal (ICTT), being run by Dubai Port World, say trade union leaders. This financial year the loss is expected to mount further.
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Officials of CPT, COT to iron out differences
Cochin Port Trust (CPT) and BPCL Kochi Refinery may hold a meeting to iron out issues regarding sharing of cost for carrying out dredging at the Cochin Oil Terminal (COT). It is learnt that the union government decided to convene a meeting between both the organisation to settle the difference
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ICTT receives Maersk main line vessel
The first direct Maersk main line service which has called at International Container Transshipment Terminal (ICTT) recently. ICTT received the mainline cargo vessel MV Newyorker with 1,185 twenty foot equivalent units (TEUs) of cashew from West Africa. The vessel, operated by the global shipping major Maersk Line, also has transshipment containers for Tutic
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Port asked to revive operation in container terminal
Trade unions at Cochin Port in Kerala urged the port management to revive operations at the Rajiv Gandhi Container Terminal and retaining of cargo handling at Cochin port itself. The coordination committee of various trade unions at the Cochin Port took out a protest march to the Port Trust office raising various demands. The unions organised a dharna in front of the port office
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Lulu group decides to exit land deal with port
For some undisclosed reason, the LuLu group decided to exit the land deal it entered into with the Cochin Port Trust some years ago. According to the deal, the group took 26 acre land on Bolghatty island from the port trust on a 30-year lease.
The port trust leased the land to the group to build a convention centre and associated facilities. However, the group reportedly planned to build 572 serviced apart
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KCZMA divided on the Bolgatty project
Members of the Kerala Coastal Zone Management Authority (KCZMA) are divided on the issue of whether to allow Emke Group, led by MA Yusuff Ali, to set up the Bolgatty convention centre. The opposing members argue that the clearance should not have been given for a non-port activity in a reclaimed area within a sensitive ecosystem
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Board of Cochin Shipyard to discuss disinvestment plan
The board of Cochin Shipyard would discuss the proposed disinvestment of government in the company when it meets in June. In a first disinvestment in the sector, the government plans to offload 10 per cent stake in the company. This is part of the Rs 54,000 crore divestment target set by the government for 2013-14. The target is almo
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CPT plans dedicated terminal for coastal shipping
Paul Antony, Chairman of the Cochin Port Trust (CPT) informed that the port would allot a dedicated terminal for berthing coastal shipping vessels bringing domestic cargo. The terminal is dedicated to bulk and break bulk cargo and it would come up in the Mattancherry Wharf area where the draft is less than six metre. This follows the demand from firms operating coastal ships for a dedicated berthing area for their vessels in all majo
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Legal experts find loopholes in lease deed
Legal experts warned that the Cochin Port Trust (CPT) may lose 26 acre of prime land at Bolgatty island if the lease holder raises loan against the land and fails to repay it. On July 26, 2011, the port authority leased out the land to a private developer by signing a lease deed. According to the deed, the lessee may seek permission from the port authority to raise loan against the la