Shipping Corporation of India (SCI) is taking efforts to diversify its operation into allied areas in order to mitigate losses on the back of slowdown in the global shipping industry. The company, which is suffering losses from its mainstream business, plans to diversify into dredging operation
Tag: Port
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Deregulation of tariff may attract pvt investment
Media reports indicate that the shipping ministry's move to deregulate tariff at the existing container terminals at major ports may instill confidence in private sector players to invest in port projects. According to the tariff regime introduced in 2005, the Tariff Authority for Major Ports (TAMP) decides the rate that can be charged by the existing terminals at major ports
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Cabinet clears Rs 17 bn second dock project
Union Minister of Shipping GK Vasan informed that the cabinet cleared the proposed Rs 1,700-crore second dock complex project at Haldia recently. It is learnt that the West Bengal government allocated around 160 acre of land for the proposed facility. Kolkata Port Trust (KoPT), however, failed to attract private participants for the project. Though the port auth
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Govt to create 280 mn t cargo handling capacity in FY14
Union Shipping Ministry plans to create cargo handling capacity of 280 million tonne (mn t) at major ports in the country mainly through the public-private-partnership (PPP) mode during 2013-14. In 2012-13, the port awarded 32 port projects with a predictable investment of Rs 6,700 crore. Speaking at the 50th National Maritime Day celebrations, Union Shipping Minis
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Govt to create 280 mn t cargo handling capacity in FY14
Union Shipping Ministry plans to create cargo handling capacity of 280 million tonne (mn t) at major ports in the country mainly through the public-private-partnership (PPP) mode during 2013-14. In 2012-13, the port awarded 32 port projects with a predictable investment of Rs 6,700 crore. Speaking at the 50th National Maritime Day celebrations, Union Shipping Minis
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Cargo handling at PPT rises 4.2%
Cargo volume handled by Paradip Port Trust (PPT) rose 4.24 per cent to 56.55 million tonne (mn t) during 2012-13 compared to 54.55 mn t in the earlier year. The port raised its cargo handling capacity to 102 mn t in 2012-13 from 80 mn t last year following commissioning of the single point mooring for handling 320,000 tonne capacity vessels
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Odisha govt awaits report on proposed port project
Commerce and transport Minister of Odisha Subrat Tarai informed that the state government was awaiting a report on the techno-economic feasibility study (TEFS) for the proposed port at Bichitrapur in Balasore district. Sources in the knowhow informed that the threat posed to the nearby Subarnarekha river mouth is a challenge for the proposed captive deep-sea port at Bichit
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Finance Minister’s target said to be unrealistic
Industry watchers feel that the target for project implementation given by Finance Minister P Chidambaram to the shipping ministry for 2012-13 is unrealistic. The finance ministry gave a target of achieving a total investment of Rs 35,000 crore and a capacity addition of 244 million tonne during the year. The shipping ministry has managed to achieve 18 per cent of the targeted inves
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Port capacity may rise 114 mn t due to new projects
The total number of port projects awarded in 2012-13 may raise capacity of the country's ports by 114 million tonne (mn t) pa. The shipping ministry awarded in all 26 projects so far in 2012-13 and out of this 14 are Public Private Partnership (PPP) projects. The 14 PPP projects would bring in an additional capacity of 80 mn t per annum at an investment of Rs 5,600 crore
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Association suggests port to dredge Hooghly river
In a memorandum to the Chairman of the Kolkata Port Trust, the Association of Shipping Interests in Calcutta (ASIC) urged the former to get dredging done in the Hooghly river through a private player. The association asked the port to examine the scope of appointing private dredging majors for better navigability on the Hooghly river. Currently, public sector Dred