KV Rao, Chairman of Kakinada Deep Water Port informed a leading media that the port would spend Rs 650 crore over the next two years on dredging activity. The dredging activity is intended to increase depth of the entrance channel to 16 metre from the present 14 metre, reports suggest. The port authority expects to complete the dredging project by December 2014 after which the port
Tag: Shipping
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NMPT conducts trial operation at new berth
P Tamilvanan, Chairman of the New Mangalore Port Trust (NMPT) informed media persons that the port was conducting trial operation at the new berth for handling petroleum products. The port has already completed civil works on the berth, which can handle ships of 1.25 lakh DWT (dead weight tonnage). (DWT is a measure of how much weight a ship can carry
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NMPT’s cargo handling grows 12.44% in FY13
During 2012-13, cargo handling at the New Mangalore Port Trust (NMPT) grew 12.44 per cent to 37.04 million tonne (mn t) from 32.94 mn t in 2011-12. Cargo volume in the port received a boost from the increase in the handling of crude oil, petroleum products, coal and container cargoes, the port
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Cargo handling at PPT rises 4.2%
Cargo volume handled by Paradip Port Trust (PPT) rose 4.24 per cent to 56.55 million tonne (mn t) during 2012-13 compared to 54.55 mn t in the earlier year. The port raised its cargo handling capacity to 102 mn t in 2012-13 from 80 mn t last year following commissioning of the single point mooring for handling 320,000 tonne capacity vessels
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Cement firms bet big on govt projects ahead of election
Some industry players and analysts feel that demand for cement may rise in the coming months as government expedite key construction projects ahead of Lok Sabha election. VP Sharma, Chief Operating Officer of Dalmia Cement said the oversupply situation still persists but since elections are next year, a slew of measures by the government may turn
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MRPL may procure more oil from Saudi Aramco
Mangalore Refinery and Petrochemicals (MRPL) has is seeking additional 23,000 barrels per day (bpd) of crude oil supply from Saudi Aramco during April in order to compensate for the reduction in import from Iran. MRPL plans to stop oil imports from Iran in April if insurance cover is not available for their refineries. Indian insurance companies said they would not cover refine
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DP World Cochin raises draft at ICTT
The maximum draft of ships calling at the Vallarpadam International Container Transshipment Terminal (ICTT) is raised to 14 meter (about 46 feet) following harbor and channel dredging by DP World Cochin. Dubai-based DP World is operating the Vallarpadam terminal along with Cochin Port Trust (CoPT) in a public-private partnership (PPP) model
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Projects worth Rs 63 bn awarded so far in 2012-13
Agency reports indicate that the union shipping ministry awarded 27 projects worth Rs 6,302.31 crore between April 1, 2012 and March 19, 2013. It may be recalled that the ministry aimed to award 42 projects entailing Rs 14,500-crore investment in 2012-13. The targeted 42 projects were to raise the capacity of major ports by 245 million tonne (mn t). However, the a
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Container traffic at Chinese ports rises
Container traffic at the ports in northern Hebei of China rose 22.8 percent on a year-on-year basis to 142,000 Twenty Foot Equivalent Unit (TEU) in the first 2 months 2013. The collective cargo throughput increased 10.9 percent to 134.83 million tonne (mn t). While the port of Qinh
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Minister clarifies on boat building industry in Lakshadweep
The boat building industry in Lakshadweep Islands is not dormant owing to shortage of funds. As reported by Union Territory of Lakshadweep Administration (UTLA), boat building has been taken over by the people in Lakshadweep Islands and the quantum of work in the government boat building yard is less. However, UTLA provides financial assistance for boat building. For multi day fishing vessels, 50 percent of the cons