The mechanisation of cargo handling facilities in the Visakhapatnam Port Trust (VPT) would increase the cargo handling capacity of the port by additional 50 million tonne per annum, Ajeya Kallam, Chairman of the port informed reporters. The port recently commissioned the Rs 444.1 crore mechanised coal handling facility of Vedanta Resources at VPT. Following this, the outer harbour would be totally clean and prevent vehicular movement which spreads coal parti
Tag: Shipping
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Ministry to promote shipping sector
Union Ministry of Shipping plans to promote shipping sector as part of its Maritime Agenda 2010-2020, which is a perspective plan of the ministry for the present decade. The ministry plans to promote the shipping sector through increase in the tonnage, declaration of coastal shipping policy, establishment of a ‘Freight Exchange’, creation of ombudsman or tribunals for shipping matters, amo
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Govt must address huge turnaround time of vessels
A study by the industry body Assocham points out that the government must address the issue of the huge turnaround time at ports in India. The huge turnaround time is cited as one of the biggest handicaps logistics service providers have to deal with, the study finds. It also highlights that the development of port infrastructure in India is not on par with other ports across the
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GAIL India to operate LNG carriers
GAIL (India) plans to have seven or eight liquefied natural gas (LNG) in the next three to four years on a long-term charter or ownership basis in order to ferry the fuel to India from abroad. From 2017, the company plans to enter the LNG shipping business as it would enable the firm transport the fuel it agreed to buy from the USA
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Call for reviving coastal shipping in VRV region
Business groups in the Visakhapatnam-Rajahmundry-Vijayawada region must revive the coastal shipping and inland waterways sector, Gravity 2.0, a forum of entrepreneurs in the region feel. Earlier, the region was known for its shipping and trade on the sea and also shipbuilding industry. However, with the passage of time, interest in it has dimin
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GPL to begin full-fledged operation soon
Gopalpur Port (GPL) would begin full-fledged operation within a month after rectification of defects, if any, following the test run, a top official of the port said. Since 2010, the port operation had been stopped for its upgradation to an all weather port. Before 2010, the port, located at Arjeepalli was functioning as a seasonal port
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Bidders submit high quotes for Haldia port contract
Kolkata Port Trust (KoPT) intends to examine why
interested bidders are offering higher quotes for the mechanised cargo handling at Haldia port. Speaking to media persons, Manish Jain, Deputy Chairman, Haldia Port, KoPT, said the port authorities must examine why no interested bidders could match the tariffs charged by ABG-LDA run previous contractor Haldia Bulk Terminals (HBT
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Cargo volume of minor ports in Gujarat rises 11%
During 2012-13, cargo volume at minor and intermediate ports under Gujarat Maritime Board (GMB)
expanded 11 percent to 288 million tonne (mn t) from from 259 mn t in the previous year. There are around 21 functional minor ports under the direct control of the GMB. Cargo handling at APSEZ's Mundra port rose 21 percent to over 82 mn t during 2012-13 compared to the volumes handled a year ago. Simi
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CCI asks agencies to stick to timeline
At a recent meeting, the Cabinet Committee on Investments (CCI) urged security agencies to stick to the 12-week timeline, prescribed by the Cabinet Committee on Security. It may be recalled that earlier, the Cabinet Committee on Security decided to adhere to a 12-week timeline for
providing inputs on port development projects that are delayed owing to pending clearances. Following this, the shipp
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Essar Ports suffers from high interest cost
High interest cost is affecting the profitability of Essar Ports, which runs Vadinar and Hazira ports in Gujarat. The company faces high interest cost of around 12-14 percent which is eroding its profit. Port operators including Essar have appealed to the shipping ministry to raise the bar on external commercial borrowings (ECBs) from the current 25