It is learnt that Ennore port, located 25 km north off Chennai, is emerging as an alternative for automobile exports because of capacity constraint in the Chennai port. Marc Nassif, Managing Director, Renault India, said the Ennore port provides adequate capacity and authorities are willing and helpful. The port is said to have shipped 1.04 lakh cars last year and expects this number to rise to 1.6
Tag: container
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KPT may take action against ABG-KCTL
Kandla Port Trust (KPT) plans to take action against ABG Kandla Container Terminal (ABG-KCTL) as the former is not satisfied with the cargo handling performance of the latter.Kandla Port alleges that the ABG-KCTL, which has been active in the port since 2005, failed to ensure minimum guaranteed throughput (MGT) for four successive years. Reports suggest that KPT may even terminate the contr
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Krishnapatnam Port setting up new berth
Krishnapatnam Port is constructing a roll-on roll-off berth in the south terminal in order to handle export of cars manufactured in Chennai and Bangalore regions. Anil Yendluri, Chief Executive Officer, Krishnapatnam Port informed that the port is expected to have the berth ready by the first quarter of 2013-14
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Krishnapatnam port handled 13.8 mn t cargo since April
Reports suggest that Krishnapatnam Port, located in Andhra Pradesh has handled 13.8 million tonne (mn t) cargo since April 2012. In 2011-12, the port loaded 15.9 mn t of cargo. The port has the capacity to handle 40-45 mn t of cargo from 11 berths built with an investment of about Rs 4,000 crore. It is one of India’s deepest ports with a draft of 18.5 meter and is capable of accommodating the biggest ships operating today
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SCI may post losses in 2012-13
Some investment analysts expect Shipping Corp. of India (SCI) to incur losses in 2012-13 too because of depressed freight rates and a slowing global economy. The slowdown in world economy reduces trade and thereby hurts business prospects of shipping firms. In the quarter ended September 2012, the company posted a net profit of Rs 297 crore mainly because of an extraordinary item
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JICA agrees to lend Rs 200 bn for mega corridor project
Japan International Cooperation Agency (JICA) agreed to lend JPY 295 billion (about Rs 20,000 crore) for the two routes in the proposed Dedicated Freight Corridor (DFC
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Vizag Port’s proposed berth project may cost Rs 4 bn
According to media reports, the proposed second container berth project at Visakhapatnam port may cost
Rs 3
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Adani Ports to expand AHCT
Adani Ports and SEZ plans to expand the operating envelope at its newly commenced Adani Hazira Container Terminal (AHCT) at Adani Hazira Port (AHPPL) in the
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JNPT finalises fresh tender for terminal project
Luxman Radhakrishnan, Chairman of Jawaharlal Nehru Port Trust (JNPT) informed that the port was finalising a fresh tender for the proposed 4.8 million tonne a yea
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DP World secures Rs 6 bn terminal project
DP World, which was the lone bidder for the Rs 600 crore container terminal project in Jawaharlal Nehru Port Trust, received the contract from the port