Average turnaround and pre-berthing time for ships declined 7 per cent and 11 per cent, respectively at major ports during April and May 2013. The decline of these two variables, which indicate improved efficiency, is not due to capacity addition, but due to a fall in trade, as the number of vessels handled by ports fell from 3,260 to 3,139 during the period, reports indic
Tag: Shipping
Post
Post
AP govt must set up maritime board to boost port sector
Industry watchers suggest Andhra Pradesh government to set up a state maritime board (SMB) in order to boost the port and shipping sector in the state. There are 12 minor ports and one major port in the state. Earlier in 2010, the state government introduced a draft Bill for a maritime board in the Asse
Post
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
Post
Dawei port project to benefit India
India may get an alternative sea route to Southeast Asia once the Dawei deep sea port in Myanmar, which is being developed jointly by Myanmar and Thailand, is completed. The $8-billion project would reduce dependency on the congested Strait of Malacca and cut transport time for India
Post
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
Post
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
Post
State-run oil firms pay Rs 150 bn as subsidy for June quarter
The three state-run oil companies have paid Rs 15,000 crore as subsidy to public sector oil marketing companies (OMCs) for the Apr-Jun 2013 quarter. Of the Rs 15,000 crore, Oil and Natural Gas Corporation (ONGC) paid around Rs 12,300 crore, Oil India Rs 2,000 crore, and GAIL Rs 700 crore. It may be recalled that of the total under-recovery incurred by state-run OMCs, 40 percent is shared by the gov
Post
Govt plans various projects in port sector during 12th plan
The capacity of all Major Ports as on March 31, 2013 was 744.91 million metric tonne (mn t) against the traffic of 545.79 mn t handled in 2012-13. This information was given by the Minister of Shipping GK Vasan in a written reply in the Lok Sabha. The capacity utilization is around 72 percent. As per the internationally accepted norms the gap between the Traff
Post
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
Post
Kochi Port can become bunkering hub
Kochi Port has various advantages in offering bunkering service to ocean-going ships such as high-quality bunkers, pipeline jetty loading facility for supply to ships at outer sea, a top official of HPCL said. The port offers competitive rates among South Asian ports, lowest tax rates for bunkers to foreign vessels besides offering easy access to ancillary mari