The Captain of Ports (CoP) of the Goa government is exploring possibilities of initiating coal transportation in order to arrest the decline in its revenue. The revenue earning of CoP declined to 12 crore in 2012 from 40 crore in 2011. Major chunk of its revenue came from barges transporting iron ore. Following the ban on iron ore mining in the state, it has been losing revenue from transportation of
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COP orders new tug vessel
Goa's Captain of Ports (COP) has ordered a new tug vessel which is being built at the cost of 5.65 crore in order to replace the existing one. The new tug vessel is 12 metric ton bollard pull compared to the pulling capacity of only 4 metric ton bollard of the present vessel. The new vessel is being built at Mandovi dry dock in Pilgaon