This will deliver major economic gains to regional trade while enhancing the portâs competitiveness against domestic and global peers. Kamarajar Port Ltd (KPL) has emerged as a deepâwater port capable of handling Capesize vessels following completion of the sixth phase of its Capital Dredging project. With an operational draft of 18 metres, the port 22...
Tag: dredging
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The government has taken several initiatives to enhance port capacity
Janardhana Rao, Managing Director, Indian Ports Association, speaks to Janaki Krishnamoorthi about the reforms underway in major ports.
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Ennore Port: On a revival mode
After Tuticorin Port, now it is the turn of Ennore Port to receive a new name and identity. Renamed as Kamarajar Port, the facility is gearing for a major expansion drive with a slew of projects in the pipeline.
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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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Indian ports face dredging problems
Media reports say that Indian ports, including major ports, face dredging problems. Many? of ?IndiaĂâs State-run ports are struggling to honour commitments given to private cargo handlers to deepen and maintain channels for ships to dock. It is not something port authorities can control. They have to rely on private dredgers to undertake the work and cannot be faulted if the contractors fail to perform.
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OSL gets 20% revenue from dredging
Marine service provider Ocean Sparkle (OSL) generates 20 percent of its revenue through dredging operation and another 45-50 percent of income from operations at minor ports. The Hyderabad-based firm provides services like harbour towage, pilotage of various kinds of vessels including specialised tonnage like LNG (liquefied natural gas)
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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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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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Uncertainty in dredging may affect Haldia project
With the central government withdrawing dredging subsidy for dredging projects in Kolkata port, industry watchers raise concern about the ability of the financially strained port to dredge the channel. Dredging of the channel is required in order to attract large ships and thereby boost cargo traffic in the port.
Inability to dredge the channel may affect the prospect of th
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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