Union shipping ministry wants to expedite the award of the Rs 9,000 crore fourth container terminal project at Jawaharlal Nehru Port Trust (JNPT) in Mumbai. The project has been delayed by more than three years after a consortium of Port of Singapore and ABG Ports exited the contract. The consortium had outbid others then by offering to share more than 50 percent of th
Tag: Logistics
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GPL to begin full-fledged operation soon
Gopalpur Port (GPL) would begin full-fledged operation within a month after rectification of defects, if any, following the test run, a top official of the port said. Since 2010, the port operation had been stopped for its upgradation to an all weather port. Before 2010, the port, located at Arjeepalli was functioning as a seasonal port
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Bidders submit high quotes for Haldia port contract
Kolkata Port Trust (KoPT) intends to examine why
interested bidders are offering higher quotes for the mechanised cargo handling at Haldia port. Speaking to media persons, Manish Jain, Deputy Chairman, Haldia Port, KoPT, said the port authorities must examine why no interested bidders could match the tariffs charged by ABG-LDA run previous contractor Haldia Bulk Terminals (HBT
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Cargo volume of minor ports in Gujarat rises 11%
During 2012-13, cargo volume at minor and intermediate ports under Gujarat Maritime Board (GMB)
expanded 11 percent to 288 million tonne (mn t) from from 259 mn t in the previous year. There are around 21 functional minor ports under the direct control of the GMB. Cargo handling at APSEZ's Mundra port rose 21 percent to over 82 mn t during 2012-13 compared to the volumes handled a year ago. Simi
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NMPT handles 5.09 mn t cargo in 45 days
Between April 1 and March 15, the New Mangalore Port Trust (NMPT) handled 5.09 million tonne (mn t) of cargo, 31.52 per cent higher than 3.87 mn t handled in the year-ago period. The port derived a large portion of its business from Mangalore Refinery and Petrochemicals as it handled 1.92 mn t (1.39 mn t) of crude oil and 1.05 mn t (0.5 mn t) of product cargo for the state-run firm during the above period
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Panel report raises concern on fall in cargo traffic
The Parliamentary Standing Committee on Transport, Tourism and Culture raised concern over the negative growth of traffic in some major ports owing to decline in iron ore exports, slowdown in the economy etc. In a report submitted to the Parliament, the panel remarked that the decline in cargo volume was not a healthy trend especially at a stage where ports are heading for capacity additions
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Kakinada old port suffers from poor infrastructure
Sources from the Kakinada anchorage (old) port in Andhra Pradesh informed that the infrastructure facilities need to be upgraded to attract more cargo. It may be noted that the port traditionally depends on rice and maize export cargo and volume of these cargoes declined of late
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Essar Ports suffers from high interest cost
High interest cost is affecting the profitability of Essar Ports, which runs Vadinar and Hazira ports in Gujarat. The company faces high interest cost of around 12-14 percent which is eroding its profit. Port operators including Essar have appealed to the shipping ministry to raise the bar on external commercial borrowings (ECBs) from the current 25
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Share of cargo handled by minor ports set to rise
Better infrastructure and operational efficiency may raise the share of total cargo handled by minor ports in the country to 45 percent in two years from the current 39 percent, some reports suggest. The share of major ports in total cargo handling may decline because they suffer from capacity constraints. While the major ports in the country controlled 561 million tonne (mn t) of cargo in 2011-12, minor ports hand
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SCI takes delivery of Kamsarmax carrier
A Chinese ship builder has reportedly delivered the second of the four Kamsarmax Bulk carrier ordered by Shipping Corporation of India (SCI) to replace its existing Daewoo series Handymax bulk carriers. Daewoo series Handymax bulk carriers of SCI were built in 1986 and 1987. It may be noted that SCI has so far been operating the small-sized Handymax and Handysize bulk carriers and now it wants to use Kamsarmax bulk carri