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
Tag: Shipping
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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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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
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Great Eastern to buy gas carrier
Great Eastern (GE) Shipping, which has a fleet size of 28 ships comprising 20 tankers and 8 dry bulk carriers, decided to buy a very large gas carrier of about 49,300 dry weight tonnage (73,800 cbm). The gas carrier, once bought, would become the 29th ship of the firm. GE Shipping Company entered into a cont
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Plan panel, ministry differ on draft norm for tariff setting
There seems to be some difference of opinion between the Planning Commission and the union shipping ministry regarding the draft new tariff guidelines for major ports. At a recent meeting with the shipping ministry, the Planning Commission said the reference tariff notified by Tamp will apply only for the first year of the concession perio
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DCI plans to spend Rs 19 bn in 5 yrs
In the 12th five year plan (2012-17), Dredging Corporation of India (DCI) has planned a capital expenditure of about Rs 1,972 crore. This includes placing order for two more 9,000 cubic metre capacity dredgers. In the next four to five years, the state-run firm expects to procure these dredgers which may facilitate the company to handle up to 80 per cent of the annual maintenance dredging works of Indian ports. The balance wou
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Ministry may ask major ports to fund DCI
Shipping Minister GK Vasan informed media persons about his ministry's plan to ask profit-making major ports to provide capital to Dredging Corporation of India (DCI) for buying dredgers. The ministry may direct some of the ports to part-finance the purchase of two dredgers. This will be first time that the major ports will fund dredger proc
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Cargo volume declines in major ports
Data compiled by the Indian Ports Association (IPA) shows container cargo volumes at the 12 major ports in India declined to 1.87 million standard containers in April-June 2013 quarter at from 1.94 million a year earlier. During the same quarter, these 12 ports, which account for about 58 percent of the total cargo shipped through the countryĆās ports, handled 137 million tonne (mn
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Major ports witness rise in coal cargo
The 12 major ports in the country witnessed 43.96 percent rise in the handling of thermal coal cargo at 19 million tonne (mn t) during Apr-Jun 2013 from the year-ago period. This include mostly the import of thermal coal for power plants in the country. At a time when growth in the general cargo volume is stagnant across all major ports, the rise in the import of coal by domestic power producers may provide relief for these ports, reports
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EPL allots land for terminal project
Ennore Port (EPL) allotted 13.5 hectare land for setting up a 2 million tonne per annum multi-purpose cargo terminal. The length of the new cargo berth will be 270 metre with 15 metre draught. The port plans to set up this terminal through public private partnership (PPP) model and the terminal will have two mobile cranes and a six-fork lift truck to handle clean cargo such as timber, granite, machinery, project cargo, steel, cement