Union Minister of State for Shipping Milind Deora informed that his ministry set up a panel to study the feasibility of setting up another major port in Gujarat on the lines of Kandla Port. It is learnt that the committee will explore locations at which this second major port could come up. Gujarat alrea
Tag: Port
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Kerala govt promotes coastal shipping
The Kerala government is taking steps to boost transport of cargo through inland waterways and coastal shipping route in order to ease pressure on road infrastructure and also to reduce carbon footprint. In this regard, the state government announced a subsidy of Rs 1 for every 1 tonne of cargo moved through the coastal shipping
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Paradip Port may post growth in cargo handling
Reports indicate that Paradip Port may handle more cargo in 2012-13 that what it handled in 2011-12. However, the port may not be able to meet the target of 63 million tonne (mn t) set by the union shipping ministry. In 2011-12, the port registered 54.2 mn t cargo handling. During Apr-Dec 2012, the port handled 45 mn t car
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Chidambaranar port appeals against stay order
VO Chidambaranar port, which is a major port in Tamil Nadu, appealed against the stay order of Tuticorin district court on the revision of royalty with the Madurai bench of the Madras high court. PSA International, which operates PSA-Sical Terminal at the port, secured a stay order from the district court in Tuticorin on the revision of the royalty it pays
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Net profit of Essar Shipping declines
Net profit of Essar Shipping declined to Rs 17.85 crore during Oct-Dec 2012 from Rs 48.65 crore in the corresponding period of last year because of higher costs and low crude freight rates in crude oil transportation. The firm reported revenue of Rs 792.66 crore, EBIT0
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Mundra Port may witness cargo volume growth
Analysts feel that Mundra Port, which is operated by Adani Port and Special Economic Zone (APSEZ), may continue to witness growth in cargo volumes owing to better connectivity to power projects on the west coast. According to one research report, capacity constraints at India's major ports have led to a flat gro
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Workers’ strike hits cargo movement at ICTT
According to media reports, the International Container Transhipment Terminal (ICTT) in Vallarpadam, Kerala is concerned about the disruption in cargo movement because of strike by trailer crew. It is learnt that movement of cargo, especially impo
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DPCL may start Rs 100 bn expansion project in 2 years
Santosh K Mohapatra, Chief Executive Officer of Dhamra Port Company (DPCL) informed that the company may start second phase expansion of the port in two years. He said environment clearance for the project is in advanced stage. Once expansion for the second phase is begun, it would be completed
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Minister wants ports to allot 10% of income for CSR
Port trusts across the country are asked to allocate 10 percent of their income for Corporate Social Responsibility (CSR) activities by Union Shipping Minister GK Vasan. The ministry launched CSR activities recently to enable ports to serve the interests of society and identify activities that would create social impact, Vasan said
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Paradip Port awards Rs 210 cr contracts to Mercator
Odisha-based Paradip Port Trust awarded two contracts worth Rs 210 crore to the diversified conglomerate Mercator Group. In a communication to Bombay Stock Exchange, Mercators said the contracts pertain to maintenance dredging of the approach and extended approach channel