Industry watchers and experts urge government to fast-track implementation of port sector projects. The shipping ministry has not been able to award any large projects last year owing to several reasons. While the projects could improve capacity for the port sector in the country, experts are worried about the pace at which the projects could be implemented. Last year, four separate port projects, estimated to cost
Tag: Port
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Mumbai Port takes steps to offload Lanco equipments
Reports indicate that Mumbai Port Trust is taking steps to auction boiler, turbine and generator (BTG) imported from China or Singapore by Lanco Infratech for its 1,320 mw Wardha power project in Maharashtra. It may be noted that the company had neither paid custom duty nor port charges towards the imported items for past many months, which had forced the port to take
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Kerala govt rues inadequate allocation for Vizhinjam project
Some ministers of the Kerala government expressed dissatisfaction over the inadequate allocation of funds for the Vizhinjam port in the union budget 2013-14. There is a big setback for Kerala as the Vizhinjam project has been ignored in the budget, whereas Tuticorin port in Tamil Nadu has been earmarked a substantial outla
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CLSA Mauritius offloads partial holding in Essar firms
Through open market transactions on the stock exchanges, CLSA Mauritius sold 33.54 lakh shares (amounting to 0.78 per cent) of Essar Ports for an average price of Rs 83.84 apiece valuing the deal at Rs 28.12 crore. In another transaction, the foreign fund house offloaded its entire stake of 1.28 per cent or 26.27 lakh scrips of Essar Shipping to Leman Diversified Fund. The shar
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MPT woos traders from north Karnataka
Mormugao Port Trust (MPT), which is in taking efforts to diversify its cargo handling away from coal, asked traders from north Karnataka to make use of the port. In order to woo traders, the port in association with Karnataka Chamber of Commerce and Industry (KCCI), Hubli
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Govt takes efforts to boost inland water transport sector
While speaking at a CII event, Shipping Secretary PK Sinha informed that his ministry was exploring several ways to raise the share of inland waterways, create right policy and fiscal environment. He stressed on the need to increase the share of inland waterways and ensure seamless connectivity. He said the government is in the process of identifying criti
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ADAIA requests govt to resolve labour issue in Vallarpadam terminal
Kerala government received a request from the Alwaye Development Area Industrial Association (ADAIA) to take steps to end the ongoing labour strike at the Vallarpadam Container Terminal. The trailer crew in the terminal are holding strike for the second time demanding wage hike and other facilities. As numerous small-scale industries depend on the terminal for export and import of goods, the losses incurred beca
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Cochin Port agrees to demands of trailer crew
At a meeting with the trade unions, the Cochin Port Trust agreed to hike the portion of lorry rent given to the drivers and cleaners. From eight per cent and 4 per cent, the proportion has been increased to 10.5 per cent and 5.25 per cent respectively. Following this, the trailer crew at the port ended their strike on the 11th day recently. The meeting was atte
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Major ports witness fall in container cargo
During Apr-Jan 2012-13, cumulative container cargo volume at major ports declined to 6.43 million tonne (mn t) Twenty Foot Equivalent Units (TEU) from 6.52 million TEU in the year-ago period. This is a fall of 1.45 percent. The tonnage of containerized traffic was relatively flat at 100 mn t. The Port of Jawaharlal Nehru (Nhava Sheva), the countryÂ’s busiest container gateway, han
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COP orders new tug vessel
Goa's Captain of Ports (COP) has ordered a new tug vessel which is being built at the cost of 5.65 crore in order to replace the existing one. The new tug vessel is 12 metric ton bollard pull compared to the pulling capacity of only 4 metric ton bollard of the present vessel. The new vessel is being built at Mandovi dry dock in Pilgaon