Within the special economic zone (SEZ) limit of Mundra Port, Adani Ports and Special Economic Zone (APSEZ) proposes to set up a ship-breaking yard in about 40 hectare land. The Adani Group firm reportedly plans to set up the yard close to a boundary of the existing Mundra West Port in the next one or two years with an initial target of dismantling and recycling 40 ships every year
With the central government withdrawing dredging subsidy for dredging projects in Kolkata port, industry watchers raise concern about the ability of the financially strained port to dredge the channel. Dredging of the channel is required in order to attract large ships and thereby boost cargo traffic in the port.
Inability to dredge the channel may affect the prospect of th
Industry observers raise concern about delay in the slew of port projects proposed in the Kolkata port. For the last 10 years, authorities have been proposing to set up cargo handling facilities at Sagar Island closer to sea. Initially, they proposed to set up a deep-sea port on the line of a similar port near Shanghai. The advocates of such a project took some time to reali
RPS Kahlon, Chairman of the Kolkata Port Trust (KoPT) informed that the port is awaiting statutory clearances from the West Bengal Pollution Control Board to begin full-fledged ship breaking operations. The port authority partially resumed ship breaking operations, which was stalled for almost three years since 2010, at its Kolkata Dock System (KDS). The port stopped operation in 2010-11 owing to technical reasons
Union Finance Minister P Chidambaram received a request from the Gujarat government to reduce custom duty on import of ships being brought for breaking from 5 per cent to zero. Gujarat Finance Minister Nitinbhai Patel put this request at the pre-budget meeting convened by Chid