MA Bhaskarachar, the new Chairman of Ennore Port wants to improve the utilization of various berths and increase the portÂ’s capacity to handle cargoes other than coal. By June this year, the entire port, including the approach channel and turning circle, will have a draft of 18 m
Tag: container terminal
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Kolkata Port extends deadline for application
Kolkata Port Trust extended the deadline for filing applications for the proposed Rs 1,500-crore 1.2-million-TEU container terminal at Diamond Harbour till February 28. This is the second time that the port trust is extending the deadline after the tender was floated in Oct
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Container terminal at Katupalli Port to go on stream
The Rs 2,000-crore container terminal at Larsen & Toubro's (L&T) Katupalli port near Chennai is expected to go on stream soon. Tamil Nadu Chief Minister J Jayalalithaa planned to inaugurate the terminal, which has been ready for operation for over five months. The inauguration was dela
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ChPT renegotiates revenue share
Chennai Port Trust (ChPT) is reportedly renegotiating the revenue share with Adani Group for the proposed Rs 3,500-crore mega container terminal project. It is learnt that the port trust is not satisfied with the revenue share offered by the group for the contract and hence is seeking
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JNPT to spend fund on land reclamation
Reports suggest that the Jawaharlal Nehru Port Trust (JNPT) would spend the amount raised through its upcoming bond issue for land reclamation activities for the proposed fourth terminal. The port plans to raise Rs 2,000 crore through issue of tax-free infrastructure bonds for its expansion
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Consultant suggests to accept bid for Rs 37 bn terminal project
According to media reports, the consultant for the Rs 3,700-crore mega container terminal project in Chennai Port (ChPT) advised the port to accept the revenue share offered by Essar Ports. Essar Ports, which was the lone bidder for the project, offered 5.25 percent revenue share, which the port considers to
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Industry divided on prospects for box terminals
Industry watchers are divided on the business prospects of container terminals in Ennore Port. Some argue that there would be enough business for the proposed new container terminal in the port as handling of cargo globally moves towards containers from
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Container lines plan hike in shipping rates
Media reports suggest that some of the container lines may raise freight rates in the Asia-Europe trade including ports in the Indian sub-continent. WeeklyInsight learns that some shipping firms also unveiled plans to hike rates from the Far East to North Europe from December. They include Hong Kong’s Orient Overseas Container Line (OOCL), South Korea’s leading flag Hanjin Shipping, China’s Cosco and Emirates Shipping of
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VPT to shortlist bidders for berth project
Reports suggest that the Visakhapatnam Port Trust would examine the seven bids received for the Rs 300-400 crore second container berth project and would short
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Chennai Port plans terminal project
Chennai port is planning a Rs 3,700 crore mega container terminal with a continuous quay length of 2 km and 18-22 m side along draft, capable of handling ultra large container ships carrying over 15,000 twenty-foot equivalent units (TEUs).