BelgiumÂ´s Antwerp Port Authority, which operates the largest port in Europe after Rotterdam, has offered its expertise to explore trade through ports in the east coast of India to Europe and assist in the development of greenfield ports in Andhra Pradesh.
The Essar bulk terminal at Hazira is all set to expand from the current 30 mtpa to 50 mtpa, up by 67 per cent, by this year end. Company officials say that the terminalÂ’s current 550 metre berth will be expanded by a further 1,100 metre. Post completion, the port will have capability of simultaneously handling seven vessels at any point of time.
Mumbai Real-time cargo movement information designed to reduce transportation costs for Indian industry has become a reality with Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) successfully launching the Logistic Data Services (LDS) project in Mumbai.
In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasising on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other modernisation projects.
With favourable government policies and the Make in India initiative, the ports sector, along with logistics, is likely to get a boost. However, the key lies in effective execution. The growth graph of the sector seems to be on a rising trend. Cargo traffic, which recorded 1,052 million metric tonne (MMT) in 2015
A 50-year-old land dispute between Odisha government and Paradip Port Trust has been resolved with the government agreeing to alienate nearly 6285.58 acres in favour of the port and retain only 597 acres in four revenue villages within the port limits. Though the state government had handed over the port to the central government in 1965, the formal land transfer could not be effected on technical grounds.