Officials of the Vizhinjam Port in Kerala highlighted certain issues before the state Ports Minister K Babu, when the latter visited the port. The port does not have a tug to guide ships in and cranes for off-loading large containers from the vessels. The p
Tag: Shipping
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Gujarat Ambuja to use NMPT for shipment of its products
Gujarat Ambuja Exports decided to use the New Mangalore Port in Karnataka for shipment of its products to Sudan in Africa. The company decided to use the port for moving its export consignments after the recent visit of Manish Kumar Gupta, Managing Director and Prashanth Pillai, DGM of the company
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Consortium agrees to transfer terminal to Kandla Port
A consortium of ABG Infralogistics and PSA International, which operates a container terminal at the Kandla port in Gujarat, agreed to transfer the terminal assets to the port authority, reports indicate. Consequently, a 30-year concession agreement signed between the the port authority and ABG Kandla Container Terminal in June 2006 for developing and oper
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CPT wants govt to introduce registry system
The Cochin Port Trust (CPT) suggested the port department of Kerala government to introduce a system of issuing the certificate of registry to boats on an annual basis. The port said this in a statement filed in the Kerala High Court in response to a writ petition seeking a directive to ensure that boats plying in the backwaters had valid
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Ministry releases draft norms for tariff structure
Union shipping ministry released a draft guideline for the tariff structure of the Major Port Trusts (MPTs). According to the guideline, the MPTs would be allowed to set their own tariff, which can be higher or lower than the reference tariff set by the Tariff Authority for Major Ports (TAMP
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Ministry releases draft norms for tariff structure
Union shipping ministry released a draft guideline for the tariff structure of the Major Port Trusts (MPTs). According to the guideline, the MPTs would be allowed to set their own tariff, which can be higher or lower than the reference tariff set by the Tariff Authority for Major Ports (TAMP
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DCI issues tax-free bonds worth Rs 5 bn
Dredging Corporation of India (DCI) is issuing tax-free bonds worth Rs 500 crore and has offered a coupon rate of 6.47 per cent for qualified institutional investors, domestic companies and high net worth individuals. The coupon rate is 7.47 per cent for retail investors. The bonds are of 10-year tenure and 40 per cent of the issue is earmarked for retail investors
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Phase II of Hambantota Port project seen in 2014
The second phase of the construction of the Port of Hambantota, situated about 19 nautical miles north of the key shipping route between the Malacca Strait and the Suez Canal, is expected to be operational in 2014. The dredging for the second phase was slightly dela
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Performance of Indian ports improves
In a sign of progress in the port performance, the average turnaround time (in days), average pre-berthing detention time (in days) and average output per ship – berth – day (in tons) have shown improvement in 2011-12 and April-September, 2012 over corresponding previous period. During April-September 2012-13, the average output per ship-berth-day improved to 13,374 ton for all major ports
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NMPT handles 12.83 mn t crude oil for MRPL
The New Mangalore Port Trust (NMPT) handled 12.83 million tonne (mn t) of imported crude oil for Mangalore Refinery and Petrochemicals (MRPL) during Apr-Feb 2012-13 compared to 11.97 mn t in the year-ago period. NMPT handled 1.49 mn t of iron ore fines during the first