Agency reports indicate that the cargo handling capacity of Essar Ports may rise from the present 104 million tonne (mn t) per annum to 181 mn t by
2015-16, a growth of 74 percent. The company plans to add 23 mn t capacity in its portfolio by modernising three existing iron ore berths at Visakhapatnam port
Tag: Shipping
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Essar Ports expects to raise capacity to 181 mn t
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Coastal shipping in VRV region
Business groups in the Visakhapatnam-Rajahmundry-Vijayawada (VRV) region must revive the coastal shipping and inland waterways sector,
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JNPT to award Rs 82 bn terminal project as single contract
Unconfirmed reports indicate that the board of trustees of Jawaharlal Nehru Port Trust (JNPT) decided to award the Rs 8,200-crore fourth container terminal project as a single contract instead of the earlier proposal to split it into two. The board of trustees decided this at a recent meeting. It also decided to issue a tender for the much delayed project in the next few
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Mechanisation to raise capacity at Vizag port
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
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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