According to some industry players, container traffic in the country is witnessing a negative growth. In this backdrop, it is not surprising that the Chennai Port Trust (ChPT) failed to get any response from bidders for its much-delayed Rs 3,686-crore mega box terminal project. Some industry players suggested ChPT to set up a multi-purpose berth-cum-cruise terminal instead of the cont
Tag: Logistics
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Panel head suggests major ports to expand capacity
Sitaram Yechury, who headed the Parliamentary Standing Committee on Transport, Tourism and Culture suggested major ports in the country to invest their surplus funds on modernisation and expansion projects. He said major ports must raise capacity to cater to the projected rise in traffic to 1,229.24 million tonne by the end of the 12th five year Plan from the present level of 545.67 million tonne
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Two PPP port projects under construction in Kerala
Kerala is constructing two port projects worth over Rs 6,200 crore under the public private partnership (PPP) route. The state government completed one port project worth over Rs 700 crore under PPP and it has been put to service delivery, a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham) show
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MPT to offer sops to exporters
In order to attract container traffic business from the neighbouring states, Mormugao Port Trust (MPT) plans to offer operational sops to exporters. The port has been trying to diversify its cargo handling ever since the iron ore mining ban in Goa affected export of the mineral and thereby the port's main cargo traffic. The port is willing to offer one-to-one service so that the consignment can be loaded onto the ship till the last minute. There is no cutoff time for loading the con
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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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Panel report makes suggestion to shipping ministry
The Parliamentary Standing Committee on Transport, Tourism and Culture suggested the union shipping ministry to allow the use of harmful paints by only commercial vessels. In its latest report, the panel said the use of harmful paints by any ship, in fact would affect marine environment adversely. Therefore, the report asked the ministry to consider these aspects
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Chennai port may restructure terminal project
According to source-based information, the board of trustees of the Chennai Port decided to restructure the Rs 3,686 crore container terminal project as it failed to attract bidders for the project in the current form. The port planned to invest Rs 561 crore on the project and attract the remaining Rs 3,125 crore investment from private sector. The port trust shortlisted seven bidders for the proposed terminal with a capacity to load 4 million stan
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Study shows bright prospect for proposed port
A study released by the Trivandrum development front (TDF) shows bright prospects for the proposed Vizhinjam international seaport project in Kerala. TDF recently released a comprehensive site analysis and prospects of Vizhinjam port based on the environment impact assessment report and master plan. The study pointed out that the port, when operational, will b
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Sanghi to buy jetties/terminals at Rs 275 cr in Kutch
Sanghi Industries plans to invest Rs 275 crore in the next 18 months on upgrading logistics and removing bottlenecks at its Kutch plant. The move is part of its effort to be debt-free in two to three years. Alok Sanghi, Director, said the company will invest Rs 150 crore on acquiring ships and setting up new jetties/terminals. Rs 125 crore will be spent on removing bottlenecks.
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APM Terminals to join hands with Ningbo Port
A joint venture between Ningbo Port Group and APM Terminals would invest in and operate berths 3, 4 and 5 at NingboÂ’s Meishan Container Terminal in China. Both the parties have recently entered into an agreement
for this joint venture. While Ningbo Port Group would invest 75 percent, APM Terminals would contribute the remaining 25 percent in the joint venture. The berths are expected to ope