API Management Pty received conditional approval from the Australian environment ministry for its proposed Anketell Point port project in the western part of the country. API Management is a joint venture between coal miner Aquila Resources and mining investment company American Metals and Coal International (AMCI). The firm wan
Tag: Port
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Security nod to firms augurs well for port sector
The recent security clearances given by the union government to three infrastructure companies in the port sector may enable more private sector participation in port projects, reports suggest. The union government gave security approval for Adani Ports, Punj Lloyd, and Gammon Infrastructure to participate in port projects. Once given, these clear
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KoPT awaits nod for full-fledged ship breaking operation
RPS Kahlon, Chairman of the Kolkata Port Trust (KoPT) informed that the port is awaiting statutory clearances from the West Bengal Pollution Control Board to begin full-fledged ship breaking operations. The port authority partially resumed ship breaking operations, which was stalled for almost three years since 2010, at its Kolkata Dock System (KDS). The port stopped operation in 2010-11 owing to technical reasons
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APSEZ posts 44% rise in profit
During 2012-13, profit of Adani Ports and Special Economic Zone rose 44 percent to Rs 1,608 crore from Rs 1,117 crore in the previous year. The sharp rise in profit is attributed to the 29 percent rise in coal handling by the port, the company said in a press release. The country's largest private port operator, which operates two ports at Mundra and Dahej, both in Gujarat, witnessed 40 percent rise in revenue to Rs 3,841 crore from
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Investors await clarity on tariff policy of govt
Some section of the union shipping ministry feels that private investors are keenly awaiting the government's decision on tariff norms in the port sector before investing. Particularly, private players are awaiting government's decision on a proposal to transform the Tariff Authority of Major Ports (TAMP) from a regulatory body into an appellate body. TAMP regulates tariffs in cent
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Panel suggests CIWTC to deploy barges to Kolkata port
The Central Inland Water Corporation (CIWTC) must deploy its barges to Kolkata port for ferrying cargo from large ships, which cannot call at the port. This suggestion was reportedly made by the Rajya Sabha Standing Committee on Port and Shipping in its report. According to the committee, the port must follow the operation model of Shanghai port in China. The Chinese port,
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Paradip port focuses on mechanising berths
SS Misra, Chairman of Paradip Port Trust (PPT) informed that the port management has given top priority to berth mechanisation and acquisition of two mobile harbour cranes. He said this while explaining the cargo volume handled by the port in April 2013. During the month, the port handled 5.65 million tonne (mn t) of traffic, thus posting 4.24 per cent growth over the same period
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AP ports lose share in pharma exports to western ports
PV Appaji, Director General of the Pharmaceuticals Export Promotion Council of India (Pharmexcil) informed that many Andhra Pradesh-based pharma companies preferred Western ports, mainly JNPT, to export their drugs. This lead to a fall in drug volumes handled by ports in Andhra Pradesh. Pharma exports from ports in the state declined to 18 percent as compared to 22 percent in 201
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Tidco to implement Rs 35 bn worth projects
State Chief Minister J Jayalalithaa informed the assembly that the Tamil Nadu Industrial Development Corporation (Tidco) would implement Rs 3,500-crore worth projects across port, power and natural gas sectors. The project includes a deep water port, floating storage re-gasification unit and a 500 mw gas-based power plant in the southern district of
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Govt supports dredging projects of major ports
Union Minister for Shipping GK Vasan informed the Lok Sabha that his ministry provides budgetary support to major ports to undertake capital dredging projects. He said the three major ports i.e. Chennai, Ennore and Vishakapatnam have navigational channel having more than 17 metre draft and are capable of handling larger vessels. Also, the government has been providing subsidy to meet the cost of maintenance dredging in Kolkata Port whi