Better infrastructure and operational efficiency may raise the share of total cargo handled by minor ports in the country to 45 percent in two years from the current 39 percent, some reports suggest. The share of major ports in total cargo handling may decline because they suffer from capacity constraints. While the major ports in the country controlled 561 million tonne (mn t) of cargo in 2011-12, minor ports hand
Tag: Shipping
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Security nod to firms augurs well for port sector
The recent security clearances given by the union government to three infrastructure companies in the port sector may enable more private sector participation in port projects, reports suggest. The union government gave security approval for Adani Ports, Punj Lloyd, and Gammon Infrastructure to participate in port projects. Once given, these clear
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Panel suggests CIWTC to deploy barges to Kolkata port
The Central Inland Water Corporation (CIWTC) must deploy its barges to Kolkata port for ferrying cargo from large ships, which cannot call at the port. This suggestion was reportedly made by the Rajya Sabha Standing Committee on Port and Shipping in its report. According to the committee, the port must follow the operation model of Shanghai port in China. The Chinese port,
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Shares of Gujarat Pipavav Port change hands
Recently, a bunch of shares of ` Port changed hands in the Bombay Stock Exchange (BSE). On May 13, 2013, a bulk deal of 2.80 lakh shares of the firm was executed at Rs 47.50 per share. On the same day, another bulk deal of 11.62 lakh shares was struck, reports suggest. The small-cap company has an equity capital of Rs 483.44 crore. Face value per share is Rs 10
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Paradip port focuses on mechanising berths
SS Misra, Chairman of Paradip Port Trust (PPT) informed that the port management has given top priority to berth mechanisation and acquisition of two mobile harbour cranes. He said this while explaining the cargo volume handled by the port in April 2013. During the month, the port handled 5.65 million tonne (mn t) of traffic, thus posting 4.24 per cent growth over the same period
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Cabinet to consider chartering demands of SAIL, RINL
According to unconfirmed media reports, the union cabinet may decide on whether to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) to charter hire vessels to import raw materials. Every year, the two firms together import around 14-15 million tonne of raw materials. As SAIL is expanding capacity to 23.46 million tonne per annum and RINL
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AP ports lose share in pharma exports to western ports
PV Appaji, Director General of the Pharmaceuticals Export Promotion Council of India (Pharmexcil) informed that many Andhra Pradesh-based pharma companies preferred Western ports, mainly JNPT, to export their drugs. This lead to a fall in drug volumes handled by ports in Andhra Pradesh. Pharma exports from ports in the state declined to 18 percent as compared to 22 percent in 201
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Board of Chennai port clears plan to conduct fresh bidding
It is learnt from media reports that the board of trustees of the Chennai port approved a proposal to conduct fresh price bidding from pre-qualified bidders for the Rs 3,686 crore container terminal project. The move comes after the central government allowed Adani Ports and Special Economic Zone (APSEZ), IndiaÂ’s biggest private port operator, to partic
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Govt failed to attain capacity target in 11th plan
Union Shipping Minister GK Vasan informed that the estimated capacity expansion for the 12 major ports by the end of the 11th Five Year Plan (2007-12) was 1001.80 million tonne (mn t) per annum according to the 11th Plan working group report for port industry. India at present has 12 Major ports Mumbai, Jawaharlal Nehru Port, Kandla, Kolkata-Haldia, Paradip, Visakhapatnam, Ennore, Chennai, VO Chidambaranar (formerly Tuticorin), Cochin, New Mangalore and Mor
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NMPT to construct 2 storage facilities
At a cost of Rs 9 crore, the New Mangalore Port Trust (NMPT) has taken up the construction of two additional storage sheds in the port premises. According to a media statement issued by the port, these sheds could store up to 22,000 tonne of bulk cargoes such as maize, wheat and fertiliser and they would be set up in a built-up area of 7,000 sq metre. The sheds will be read