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
Tag: Logistics
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Dighi Port receives largest bulk carrier
On June 28, Dighi Port received the largest bulk carrier so far and one of the largest vessels to call at any port in Maharashtra. The port received the vessel ‘MV C Harmony’ having a LOA of 270 meter and a beam of 43 meter with DWT of 153,153 million tonne. The vessel carried steam coal for one of the largest coal importers in the country, reports indicat
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Crude tanker segment may not perform well
Analysts expect that the crude tanker segment of the shipping industry may not perform well in the near future because of the sharp decline in the import of crude oil by one of the largest consumer of energy, the USA. The US has become self-sufficient for crude, because of its the boom in the shale oil industry in the country. US imports of crude oil declined significantly by almost 4 to 4.5 million barrels a day. That is not being mad
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Shipping sector suffers from overcapacity
Shipping companies worldwide are suffering from overcapacity or excess fleets and this depressed freight rates in the sector, reports indicate. At the end of 2012, worldwide fleet of bulk carriers rose to 679 from 393 in 2007. Further, this is expected to see growth of 10 per cent and 5 per cent in the next two years, respectively, before it tapers to 2 per cent in 2015, reports indicate
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Board may probe unloading of coal at Karwar port
Media reports indicate that the Karnataka Pollution Control Board would study the recent unloading of coal cargo at Karwar port. It is learnt that the port is prohibited from unloading coal as it would pollute sea water and endanger the fishes. The port recently received a consignment of coal cargo and this is said to be first ever import of coal in Karwar port in the past 20 years. TAN BINH 39, a ship with
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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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Container traffic at NMPT rises marginally
Container traffic handled by the New Mangalore Port (NMPT) rose marginally to 13,595 TEUs (twenty-foot equivalent units) till July 8 of 2013-14 from 13,308 TEUs in the year-ago period. Mainline vessels started calling at the port in 2007-08. The port handled one mainline vessel during that year. Raw cashewnut and coffee contribute a major share to the container cargo handling at the New Mang
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Paradip Port handles 3 times more ore cargo
During Apr-Jun 2013, Paradip port handled 1.03 million tonne of iron ore export cargo compared to just 371,000 tonne in the year-ago period. Specifically, the cargo is iron ore fines of 62 grade. The almost three fold rise in ore export cargo is attributed to the depreciation of rupee against the dollar. Federation of Indian Mineral Industries said there is no major rush of importers to book Indian iron ore. The rise in ex
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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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BDI rises due to demand for ore from China
Media reports indicate that the increase in demand for iron ore from China, the largest producer of steel, raised the Baltic Dry Index (BDI). The index tracks freight charges or the cost of moving the major raw materials by sea and it is published daily by the London-based Baltic Exchange