Marine service provider Ocean Sparkle (OSL) generates 20 percent of its revenue through dredging operation and another 45-50 percent of income from operations at minor ports. The Hyderabad-based firm provides services like harbour towage, pilotage of various kinds of vessels including specialised tonnage like LNG (liquefied natural gas)
Tag: Port
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Port authorities flout norms:CAG
The Comptroller and Auditor General of India (CAG) alleged that the union shipping ministry and some port authorities floated norms and this cost an estimated loss of Rs 1.5 lakh crore. In its report, the CAG found that some port authorities allowed unauthorised agents to carry out onshore operation without sharing royalty with the ports
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Locals complain against Vizhinjam port project
Fishermen in the adjacent areas of the Vizhinjam port project in Kerala complained that the proposed project would threaten their livelihood. Fishermen raised their concerns at the recent public hearing of the environmental impact assessment report. Besides the concerns of the fishermen, complaints were also raised about the possible adverse impact or chan
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Rites estimate costs for AP, West Bengal port projects
Rail India Technical and Economic Services (Rites) found that the capital costs involved in setting up Sagar port in West Bengal is estimated at Rs 7,820 crore. It also found that the capital cost for Dugarajapatnam port project in Andhra Pradesh would be Rs 7,988
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Countries discuss transportation of goods from Chabahar port
Iran's President Hassan Rouhani held talks with Afghanistan Vice President Hamid Ansari on transportation of goods from Chabahar port in Iran. Two Indian ports expressed interest to upgrade Chabahar port and India's External Affairs Minister Salman Khurshid held discussion with Iran on the matter
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Chinese firm to operate terminal in Sri Lanka
China Merchants Holdings International Co would operate the new container terminal opened in Colombo recently. The terminal gives a new sea route for mega vessels from China. The terminal which is regarded to be as sophisticated as the container terminal at the Singapore port
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GPPL to invest Rs 11 bn on capacity enhancement
In the next two years, APM Terminals-owned Gujarat Pipavav Port (GPPL) plans to invest Rs 1,100 crore to double container capacity and setup tank farms at an investment. GPPL, which runs IndiaÂ’s first private port at Pipavav, plans to expand its container capacity from the existing 850,000 twenty foot equivalent units of containers (TEUs) to 1.5 million TEU
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JNPT to rope in experienced player for terminal project
In order to develop the fourth container terminal in Jawaharlal Nehru Port Trust (JNPT) at Navi Mumbai, the port authority plans to hire only experienced and financially sound contractor. The port authority is adhering to the Planning Commission guidelines in this regard. The port authority does not want to select frivolous parties, said NN Kumar, deputy Chairman. The last d
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Icra optimistic on cargo growth outlook at Indian ports
A report by rating agency Icra said cargo growth outlook for ports in India continues to be strong over the medium- to long-term driven by the rising coal requirement. But the report warned that major ports would continue to suffer from issues on capacity and efficiency because slow pace of project
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Shreyas to launch 2 new shipping services
Shreyas Shipping and Logistics Ltd would launch two new services from August 15 in order to connect Mundra-JNPT-Hazira and Kolkata-Vizag-Chennai-Kochi sectors. With this, the Mumbai-based shipping firm would become the first company to link all key ports of India for containerised trade. Shreyas now has five vessels pro