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
Tag: Logistics
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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 PortĆās 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
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Mormugao Port to develop as cruise terminal
Mormugao Port Trust is holding discussion with various cruise liners to call at the port as Goa is also a popular holiday destination. The port is making attempt to develop cruise tourism as it would serve as an alternate source of revenue at a time when the iron ore cargo volume declined following the ban on mining
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Large container ship calls at Mundra Port
The ultra-large container ship MSC Valeria, having a capacity of 14,000 twenty feet equivalent unit (TEUs), recently called at the new container terminal of the Mundra port. TEUs, or twenty feet equivalents, are the standard units for quantifying cargoes at the container ships. The ship has an overall length of 365.5 metre (1,199.2 feet) and Mundra port is said to be the first in the country to handl
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Essar Ports chief feels its debt level is reasonable
Rajiv Agarwal, MD and CEO of Essar Port is quoted as saying that the debt level of the company (Rs 5,700 crore) was reasonable for the size of the firm. The firm has an equity of about Rs 2,800 crore and a debt of about 5,800 crore. The company is making efforts to reduce the interest cost, he is quoted as saying in a media
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Odisha govt may make exit clause more stringent
Reports indicate that Odisha government plans to tighten the exit clause for the promoters of non-major ports in the state. According to the revised norms, that is considered by the state government, original promoters of a non-major port must retain at least 51 per cent stake for three years from the date of commencement of com
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Commissioner welcomes inclusion of port under industrial zone
Andhra Pradesh Industries Commissioner welcomed the central government's move to include Krishnapatnam port in the international industrial zone. The zone is planned along the Chennai-Bangalore railway corridor. The move is expected to boost industrial deve