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India may ask Iran to give right to develop port

India may ask Iran to give right to develop port

Some media reports hint that the Indian government may ask Iranian government to assign it long-term rights of 60 to 90 years to develop and operate Chabahar Port. As an initial step to the phased development of the port, the existing facility can be modernised, and subsequently its capacity can be expanded

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JNPT invites bids for wind energy plant

JNPT invites bids for wind energy plant

Agency reports indicate that Jawaharlal Nehru Port Trust (JNPT) invited bids from firms to set up a 7 mw wind power plant at a cost of Rs 48 crore to meet its energy requirement. The proposed plant may help the port save around 30 percent on energy costs, agency reports indicate. In order to reduce its dependence on power from outside sources, the port plans to set up renewable ener

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JNPT relaxes norms to attract more bidders for Rs 82 bn project

JNPT relaxes norms to attract more bidders for Rs 82 bn project

In order to attract more bidders for its proposed Rs 8,200 crore fourth container terminal project, the Jawaharlal Nehru Port Trust (JNPT) relaxed selection norms for contractors. The port authority invited initial bids for constructing the terminal with a capacity to load 4.8 million standard containers a year. That will make it India

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Firms respond to RfQ for Rs 80 bn terminal project

Firms respond to RfQ for Rs 80 bn terminal project

Several firms have responded to the request for qualification (RfQ) sought by the Jawaharlal Nehru Port (JNPT) for the Rs 8,000 crore fourth container terminal project. The port authority would soon conduct a pre-bid meeting for the project, after which the number of actual bidders would be known. Among the firms responded to the RfQ are DP World, Dubai, APM Terminals, Adani Group. It may be recall

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Ports must be need-based

Ports must be need-based

There are several state-run ports mushrooming across the entire coast line, but do we need a port at every 100 km of coastline? Probably not, the key is to build port capacity where it is needed the most,

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Revenue model needs to change

Revenue model needs to change

In the revenue sharing model, an investor who is investing in the port project should also get some comfort level in the initial years, says Umesh Grover, Group Executive Director, Shipping & Infrastructure, SKIL Infrastructure. There has to be a gestation period but as the cargo increases, the proportion of revenue share should also be increased.

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Ministry may direct major ports on work site preference

Ministry may direct major ports on work site preference

Media reports indicate that the union shipping ministry may ask all major ports to wind up their marketing offices and allow all its senior officers to work from the port premises. Recently, the shipping ministry directed Jawaharlal Nehru Port Trust (JNPT) to close its 7,000-sq feet office on the top floor (31st) of the World Trade Centre (WTC) at Cuffe Parade in South

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Minister proud of performance in 2012-13

Minister proud of performance in 2012-13

Union Minister for Shipping GK Vasan said the achievement of his ministry was outstanding during 2012-13, in terms of awarding capacity augmentation projects at major ports. The ministry awarded 32 projects in 2012-13 which will add a capacity of 137 mn mtpa (million metric tonne per annum) at an estimated investment of Rs 6,765 crore. This is the best performance for any year in the

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L&T Ramboll submits DPR for Rs 20 bn terminal project

L&T Ramboll submits DPR for Rs 20 bn terminal project

L&T Ramboll has submitted the draft Detailed Project Report (DPR) for the proposed Rs 2,000 crore marine terminal for liquid cargoes at the Jawaharlal Nehru port near Mumbai. The port has twin berth liquid cargo terminal of BPCL and IOC with a capacity of 5.5 million tonne per annum. It will enhance this quantity to 30 million tonne per annum. The proposed terminal would cater to liquid cargo