Chennai Port Trust (ChPT) said it would allow the vessel MT Pratibha Cauvery to be berthed at the port provided the owners paid the requisite berthing charges and got the documents validated. The ship, which lost both of its anchors on October 31 owing to gusty winds caused by cyclone Nilam, is currently being held in outer anchorage by a tow
Tag: Port
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Krishnapatnam Port setting up new berth
Krishnapatnam Port is constructing a roll-on roll-off berth in the south terminal in order to handle export of cars manufactured in Chennai and Bangalore regions. Anil Yendluri, Chief Executive Officer, Krishnapatnam Port informed that the port is expected to have the berth ready by the first quarter of 2013-14
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Krishnapatnam port handled 13.8 mn t cargo since April
Reports suggest that Krishnapatnam Port, located in Andhra Pradesh has handled 13.8 million tonne (mn t) cargo since April 2012. In 2011-12, the port loaded 15.9 mn t of cargo. The port has the capacity to handle 40-45 mn t of cargo from 11 berths built with an investment of about Rs 4,000 crore. It is one of IndiaĆ¢ā¬ā¢s deepest ports with a draft of 18.5 meter and is capable of accommodating the biggest ships operating today
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Body opposes outsourcing of work
The All India Port and Dock WorkersĆ¢ā¬ā¢ Federation has criticised what it calls the government's move to outsource cargo handling work to contract labourers. SR Kulkarni, president of the Federation said in a statement that the government should end its policy of marginalizing the working class and their organizations. He said though workers at the major ports had put up great performance, the port authorities were outs
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SCI may post losses in 2012-13
Some investment analysts expect Shipping Corp. of India (SCI) to incur losses in 2012-13 too because of depressed freight rates and a slowing global economy. The slowdown in world economy reduces trade and thereby hurts business prospects of shipping firms. In the quarter ended September 2012, the company posted a net profit of Rs 297 crore mainly because of an extraordinary item
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New charges offset concessions for vessels
According to industry sources, the levy of Indian Light House charged by the Kochi CustomsĆ¢ā¬ā¢ may offset some concessions now being offered by the port management to attract more vessels. Recently, Kochi Customs decided to collect Indian Light House dues for on-deck cargo on all vessels calling at the port effectively nullified the tariff reduction measure of the port
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Bangladesh gets investment proposal from UAE
Bangladesh received proposal from the United Arab Emirates to invest in four multi-billion-dollar projects in the shipping sector in the country. Bangladesh government is said to be positively considering the proposal. The projects also include development of a deep-sea port at Sonadia for which China and India have expr
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Ministry allows Adani, Essar to bid for terminal project
Weekly Insight learns from top government sources that Adani Ports and Essar Ports received approval from the union home ministry to participate in the 4,000-crore mega container terminal project in Chennai Port.Chennai Port plans to set up a mega container terminal, with a capacity of 4 million TEU (Twenty foot-equivalent units). The proposed terminal has been envisaged as the large
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SCI posts net profit in Sept quarter
Extraordinary realisation helped Shipping Corporation of India (SCI) post a net profit of Rs 297.26 crore in the quarter ending September 30, 2012 against a net loss of Rs 1
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Vizag Port’s proposed berth project may cost Rs 4 bn
According to media reports, the proposed second container berth project at Visakhapatnam port may cost
Rs 3