Union Shipping Ministry and the Jawaharlal Nehru Port Trust (JNPT) are discussing the hurdles in implementing the Rs 800 crore container terminal project at the port. Last year, Dubai Ports World (DP World) was awarded the contract for setting up the terminal which will have a capacity to load 800,000 containers a year. DP World agreed to share 28.09 percent of its annual reve
Tag: Logistics
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Port acquires land for cargo storage
Port Taranaki, which is a port complex located in New Plymouth, New Zealand, has acquired a 21.5 hectare power station site from Contact Energy for $24 million. Methanex New Zealand has also participated in the acquisition of the land, which could be used to store more bulk dry and liquid cargo and logs. Of the $24 million deal, the Taranaki Regional Council-owned port paid $15.5 mn for the majority stake, while Methanex New
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Essar firms to reduce dependence on group companies
Essar group companies like Essar Shipping, Essar Ports, Essar Projects would diversify their operations and reduce their dependence on sister companies for business. These companies largely cater to the sister companies and thereby rely on these firms for revenue generation.
For example, currently, Essar Projects earns around 60 percent of its revenue from group firms, but wants to eventually take external orders to 90 percent, deriving half its re
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Chabahar port may be beneficial for India
Indian government feels that the use of Chabahar port in southwestern Iran may be beneficial for the country as it would provide easier access to Afghanistan. India, Iran and Afghanistan have an agreement on preferential treatment and low tariffs for goods moved through Chabahar port, which also has a free trade and industrial zone in its vicinity
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Siemens to set up conveyor systems
Siemens will set up conveyor systems to carry iron ore from the stockyard belonging to Rio Tinto in Australia to the loaders at a port in the northwest region of the country. Siemens roped in an engineering firm Sinclair Knight Merz to provide conveyor systems for the project. Siemens would commission three conveyors in August and another five in 2014 while delivery is underway for t
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Shipping industry oppose various charges at ICTT
Shipping industry sources allege that the charges collected by DP World for its various services offered by it at Vallarpadam ICTT (International Container Transshipment Terminal) may drive away trade from Kochi. DP World, which operates the terminal, is said to be collecting Rs 500 per 20 ft container for the pre-shipment facility, against the earlier Rs 22 per container at th
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Ore volume at PPT rises 329%
Paradip Port Trust (PPT) handled 329 percent more iron ore at 7.65 lakh ton during April-May 2013 compared to 1.78 lakh ton in the year-ago period. The strong growth in ore throughput from the port has given rise to hope of a revival in its export, which has been dwindling for the past couple of years. During the two months, the port witnessed rise in throughput in some other cargoes as well. The other item
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JN Port to take steps to kickstart Rs 8 bn project
The board of the Jawaharlal Nehru Port Trust (JNPT) would soon take a decision to break the deadlock on the Rs 800 crore container loading facility project to be developed by DP World. The proposed facility, with a capacity to load 800,000 standard containers a year, is key to JN PortÂ’s expansion plans
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Some experts support splitting Rs 82 bn project
Even as the board of the Jawaharlal Nehru port (JNPT) decided to award the Rs 8,200 crore container terminal project through a single tender, some experts support the earlier decision of splitting the project. The earlier decision to split the contract into two was supported by the trade, terminal operators and consultants alike. They felt that splitting the project into two
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Mumbai Port closes Hay Bunder
Mumbai Port Trust will ensure from this month there is no docking at Hay Bunder and barges are re-routed. Hay Bunder has been inactive because a lot of vessels heading there do not comply with security requirements. Hay Bunder has been used extensively by vessels transporting chemicals and fertilisers