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Dredging cost may hit profitability of ICTT

Dredging cost may hit profitability of ICTT

The profitability of the Vizhinjam international container transhipment terminal (ICTT) is under question because of the annual maintenance requirement after every monsoon season. According to hydrographic surveyor Commander John Jacob Puthur (retd), the terminal requires dredging after each monsoon to remove at least 3 million cubic metre of silt at a minimum annual maintenance cost of Rs 3

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Dredging gains importance in Indian ports

Dredging gains importance in Indian ports

Dredging has gained importance in several ports across the country. Lack of sufficient draft hampers larger vessels from docking on the port and so this calls for capital and maintenance dredging. While most Indian ports have a draft of less than 12 meter, vessels like VLCCs (Very Large Crude Carriers) and capsize vessels require a draught of 14 meter and cannot dock on ports which donÂ’t have sufficient depth. As the trade shifts to mod

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Shipping firms may diversify into dredging sector

Shipping firms may diversify into dredging sector

Experts suggest shipbuilding and shipping companies to diversify into dredging segment in order to cope with the slackness in cargo business. Shipyards are not getting new orders for ships from shipping companies owing to oversupply of fleet and slowdown in the international trade. Under this condition, shipyards may diversify into construction of dred

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Draft of offshore wind energy policy released

Draft of offshore wind energy policy released

Union Ministry of New and Renewable Energy has released a draft national offshore wind energy policy for 2013. The draft policy was written with inputs from a steering committee on offshore wind energy. According to the draft, onshore wind energy has reached a stage of deployment that makes it competitive with traditional fossil fuel power generation.

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Panel suggests CIWTC to deploy barges to Kolkata port

Panel suggests CIWTC to deploy barges to Kolkata port

The Central Inland Water Corporation (CIWTC) must deploy its barges to Kolkata port for ferrying cargo from large ships, which cannot call at the port. This suggestion was reportedly made by the Rajya Sabha Standing Committee on Port and Shipping in its report. According to the committee, the port must follow the operation model of Shanghai port in China. The Chinese port,

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KoPT extends deadline for dock project

KoPT extends deadline for dock project

Kolkata Port Trust (KoPT) extended the deadline to May 17 for submitting bids for the Dock-II project at Salukhali, close to the existing dock. It may be noted that the port management invited the Request for Proposal (RFP) for the project earlier. After the pullout of India-French joint venture Haldia Bulk Term

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KoPT aims to handle 96 mn t traffic per annum

KoPT aims to handle 96 mn t traffic per annum

RPS Kahlon, Chairman of Kolkata Port Trust (KoPT) informed that the port aims to handle 96 million tonne (mn t) traffic per annum. He said this while addressing an interactive session organized by the MCC Chamber of Commerce & Industry. Kahlon, however, admitted falling traffic handling ability at the port recently. Moderation in iron ore exports following a hike in export duty and diversion of cargo after the

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Muted response to bond issues attributed to weak mkt condition

Muted response to bond issues attributed to weak mkt condition

Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs

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Muted response to bond issues attributed to weak mkt condition

Muted response to bond issues attributed to weak mkt condition

Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs