A consortium of banks led by Bank of India would reportedly lend Rs 700 crore for the infrastructure project proposed to be carried out by Vijay Kalantri-promoted Dighi Port. The project, which is estimated to cost Rs 1,000 crore, includes setting up a new berth and road and rail infrastructure at the port. The remaining cost would be met by the promoters, reports indicate
Tag: Logistics
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Container traffic at Chinese ports rises
Container traffic at the ports in northern Hebei of China rose 22.8 percent on a year-on-year basis to 142,000 Twenty Foot Equivalent Unit (TEU) in the first 2 months 2013. The collective cargo throughput increased 10.9 percent to 134.83 million tonne (mn t). While the port of Qinh
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Shipping ministry introduces amendment bill
Minister of State for Shipping Milind Deora introduced an amendment bill for the Merchant Shipping Act 1958. The government wants to amend the Act to provide for the enforcement of the anti-fouling systems (AFS) Convention 2001. Under the global convention, a list of
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Govt project may upgrade connectivity to ICTT
Kerala government's plan to construct Azheekode Munambam Bridge and a coastal corridor from Vallarpadam to Kozhikode via Ponnani may benefit International Container Transshipment Terminal (ICTT) at Vallarpadam, reports suggest. The present congestion on National Highway (NH) 17 will be reduced once this corridor becomes a reality. The proposed bridge and the corridor may enable smo
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Pristine Magadh gets land for dry port project in Bihar
Delhi-based Pristine Magadh Infrastructure received a 24 acre land of Bihta Sugar Mill in Bihar for setting up a logistics cum industrial park, which is expected to be operational by October 2013. The state government leased the land for 60 years with an extension period of 30 years. Neighbouring Uttar Pradesh has dry ports at Dadri, Ghaziabad and Kanp
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Report calls for barge service between Chennai and Ennore ports
Recently, Union Shipping Minister GK Vasan released a pre-feasibility report titled ‘Logistics Collaboration between Ennore and Chennai ports’, prepared by the Confederation of Indian Industries (CII). The report calls for setting up a ‘marine highway’ to ferry containers by barges between Chennai and Ennore ports. The highway is intended to decongest the road highw
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First foreign container vessel arrives at Beypore
The arrival of the first foreign container vessel at Beypore port bolstered the confidence of cargo dealers and stakeholders, said Abraham V Kuriakose, port officer. A container vessel, MV Karuthal of Trans Asia, with 1,600 metric tonne capacity arrived at the port recently on its way to Kochi from Jebel
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TSMC buys stake in Howse deposit in Canada
Tata Steel Minerals Canada (TSMC), a subsidiary of Tata Steel, bought half the interest in Labrador Iron MinesÂ’ (LIM) Howse deposit for Canadian dollars 30 million (Rs 160 crore). In the areas of logistics and potential offtake arrangements, TSMC and LIM have entered into multi-part co-operation agreements as they operate adjacent iron ore projects spread over the Provinces of Newf
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Hanjin Shipping India launches new service from Mundra
As part of its strategy to expand service offering to Indian traders, shipping firm Hanjin India decided to launch an additional service, jointly with Simatech and Evergreen, from Mundra Port to East Africa. The new service, which is intended to offer Indian customers a reliable, direct sailing to East Africa, will operate four 1,800 Twenty Foot Equivalent Unit (TEU) vess
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India to boost coastal shipping with Bangladesh
The feasibility and potential of Coastal Shipping between India and Bangladesh was discussed In the Shipping Secretary-level talks held on 2nd – 3rd July, 2012 in Dhaka, Bangladesh. Subsequently, it was also discussed in the Directors General (Shipping) level talks held on 26th September, 2012 at Visakhapatnam, India and on 14-15 January, 2013 at Cox’s Bazar, Banglad