The government-owned 12 major ports in the country totally handled 47.38 million tonne cargo in the last July. In the month, the volume of iron ore and containers handled at these ports registered a decline. Major ports register 0.5 per cent growth for April-July period this year against the same period last year. During the period from April-July, the major ports handled 184.53 million tonne of cargo.
Tag: major ports
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Profits of major ports decline, Govt to cut manpower
Taking note of reduction in the profits of its 12 major ports in the country, the government of India has taken several steps to reduce costs. As a cost cutting measure, the Centre wants to reduce surplus manpower through the Voluntary Retirement Scheme (VRS). The Union Shipping Minister GK Vasan said this in the Lok Sabha recently. Profit of major ports declined by about 30 per cent to Rs 1,220.61 crore in 2012-13 over the previous fiscal, Vasan said in a written reply to the Lok Sabha.
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Two major ports likely to come up at Sagar and Dugarajapatnam
Two new major ports are likely to come up at Sagar in West Bengal and at Dugarajapatnam in Andhra Pradesh. RITES has estimated capital requirement, including connectivity project cost at Rs 78.2 bn for Sagar Port.
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Govt plans various projects in port sector during 12th plan
The capacity of all Major Ports as on March 31, 2013 was 744.91 million metric tonne (mn t) against the traffic of 545.79 mn t handled in 2012-13. This information was given by the Minister of Shipping GK Vasan in a written reply in the Lok Sabha. The capacity utilization is around 72 percent. As per the internationally accepted norms the gap between the Traff
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ICRA report points to decline in mkt share of major ports
A report by ratings agency ICRA shows the market share of non-major ports rose to 42 per cent in 2012-13 from 39 percent in the previous year because of their efficient operation. Thus, in 2012-13, market share of major ports declined to 58 per cent of the total throughput, compared to 61
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Ministry may ask major ports to fund DCI
Shipping Minister GK Vasan informed media persons about his ministry's plan to ask profit-making major ports to provide capital to Dredging Corporation of India (DCI) for buying dredgers. The ministry may direct some of the ports to part-finance the purchase of two dredgers. This will be first time that the major ports will fund dredger proc
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Kolkata port wins best container port award
Among all major ports in India, Kolkata Port Trust (KoPT) has been adjudged as the 'Container Handling Port of the Year,' at the 5th South East Cargo & Logistics Awards 2013 ceremony. The recognition for KoPT is for its excellence in container handling in 2012-13. The award was received by I Jeyakumar, Deputy Chairman, KoPT in Chennai. After receiving the award, KoPT chairman RPS Kahlon said that the port has been holding third position in respect to container traffic among the 12 major ports in
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Cargo volume declines in major ports
Data compiled by the Indian Ports Association (IPA) shows container cargo volumes at the 12 major ports in India declined to 1.87 million standard containers in April-June 2013 quarter at from 1.94 million a year earlier. During the same quarter, these 12 ports, which account for about 58 percent of the total cargo shipped through the countryÂ’s ports, handled 137 million tonne (mn
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Cargo handling at six major ports rise in April
During April 2013, cargo handling at six major ports rose from the year-ago month, while that of other seven ports contracted. Cargo handling at all the major ports taken together declined 2.58 per cent to 54.56 mn t during April 2013. Paradip Port Trust (PPT) is one of the six major ports which witnessed growth in cargo
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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