Shreyas Shipping and Logistics Ltd would launch two new services from August 15 in order to connect Mundra-JNPT-Hazira and Kolkata-Vizag-Chennai-Kochi sectors. With this, the Mumbai-based shipping firm would become the first company to link all key ports of India for containerised trade. Shreyas now has five vessels pro
Tag: Port
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Experts urge govt to revamp tariff regime for major ports
Experts and industry watchers feel that the government must revamp the tariff structure governing major ports in the country and make them market-driven rather than being regulated by Tariff Authority for Major Ports (TAMP). Industry players and experts suggest the government to reform the tariff regime in the port sect
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APM Terminals Pipavav upgrades container infrastructure
In a move that raises the operational capacity of APM Terminals Pipavav, the port authority upgraded its infrastructure with the ability to carry Double Stack High Cube Containers. The double stack container trains commenced recently and this made APM Terminals Pipavav one of the
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Mundra port handles more cargo than Kandla
Cargo volume handled by Mundra port stood at 24 million tonne (mn t) during April and June and this is more than the 23 mn t handled by Kandla port in the same period. With this, the Adani Ports and Special Economic Zone (APSEZ)-run port became the first private port to overtake the cargo volume of a major port in the coun
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Plan panel, ministry differ on draft norm for tariff setting
There seems to be some difference of opinion between the Planning Commission and the union shipping ministry regarding the draft new tariff guidelines for major ports. At a recent meeting with the shipping ministry, the Planning Commission said the reference tariff notified by Tamp will apply only for the first year of the concession perio
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Cargo volume rises in Halifax port
Data released by the Halifax Port Authority (HPA) in Canada shows general cargo volume rose 0.5 per cent during the quarter ending June 30, 2013. It shows volume of bulk cargo, such as oil and grains, declined 11.5 per cent when compared to the same period last year. Total cargo tonnage in the second quarter rose 0.6 per c
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VPT faces delay in implementing key projects
Visakhapatnam Port Trust (VPT) may find it difficult to achieve its planned capacity increase to 150 million tonne by 2020 as several port projects are facing delay. The company planned to achieve this capacity expansion through an estimated investment of Rs 14,000 crore. The port authority is facing implementation delay for thre
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Group to discuss Rs 1 trillion worth infra projects
The Steering Group, headed by the Principal Secretary to the Prime Minister, would hold its maiden meeting on July 19, 2013. During the meeting, the group would discuss the preparation and award of key infrastructure projects with an estimated cost of Rs 1 lakh crore. These projects include- Mumbai Elevated Rail Corridor Project, two locomotive projects, accelerating Eastern Dedicated Freight Corridor, an expressway proj
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Dredging cost may hit profitability of ICTT
The profitability of the Vizhinjam international container transhipment terminal (ICTT) is under question because of the annual maintenance requirement after every monsoon season. According to hydrographic surveyor Commander John Jacob Puthur (retd), the terminal requires dredging after each monsoon to remove at least 3 million cubic metre of silt at a minimum annual maintenance cost of Rs 3
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Major ports witness rise in coal cargo
The 12 major ports in the country witnessed 43.96 percent rise in the handling of thermal coal cargo at 19 million tonne (mn t) during Apr-Jun 2013 from the year-ago period. This include mostly the import of thermal coal for power plants in the country. At a time when growth in the general cargo volume is stagnant across all major ports, the rise in the import of coal by domestic power producers may provide relief for these ports, reports