Shipping sector in Kochi does not expect increase in transportation cost despite the recent hike in diesel prices because the trailer operators in the Vallarpadam Terminal are not likely to raise rates. Container trailer operators in the terminal are suffering from muted cargo traffic and hence they may avoid
Tag: Ports
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Ore shipment doubles in December
In December 2012, 11 major Indian ports handled a total of 1.89 million tonne of iron ore export cargo compared to 907,000 tonne in November 2012. This is a over 100 per cent rise in export of the steel-making raw material in December compared to the previous month
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Net profit of GE Shipping triples
During July-Sep 2012 quarter, the consolidated net profit of GE Shipping rose tripled to Rs 81.20 crore
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Cargo traffic at ports to grow by 5.9%
India’s overall cargo traffic at its ports (both major and minor) is expected to grow to 985.20 million tonne or 5.9 per cent in 2012-13. In 2011-12,
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The Port Paradocks
Cargo growth at Indian ports was subdued in 2011-12 with total throughput registering a 5 per cent year-on-year increase to 930 million tonnes,
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Time to revisit port legislations
Ports in India have always been taken recourse to Port Trusts, but after the arrival of PPP in ports, this should change, says A Balasubramanian.
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Making our ports more financeable
Financing India’s ports has been challenging because of several factors, both inherent to the sector as well as to policy and financing regulatory environment.
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Maritime: ICTT stuck in the dock
Almost 80 per cent of Colombo’s container traffic represents cargo transhipped from Indian ports. One year after India’s first ICTT was commissioned, transhipment transactions have been almost insignificant. Will the terminal’s second year be any different?
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Rs 2.77-lakh cr investment in 10 years needed
The Union Shipping Minister, GK Vasan said that an investment of Rs 2.77 lakh crore will be required in the next ten years to enhance the cargo handling capacity at Indian ports to 3,130 million tonne.
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Gujarat to develop new ports
The Gujarat government has finalised plans to develop six to seven new ports in the state. Large investments would flow into the port sector in the coming years. The state is planning ports at Dahej, Nargol, Vansi Borsi and Kutchhigarh,