In a move that would add 42 million tonne capacity to Tuticorin port, the union budget 2013-14 announced the Rs 7,500 crore project to set up an outer harbour. The Finance Minister P Chidambaram announced while presenting his eighth budget on February 29. The minister also said a new port will come at Andhra Pradesh. Three Southern states including Tamil Nadu, Andhra Prad
Tag: Shipping
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AME to include ICTT in its service
Shipping firm Asia Med Europe (AME) made International Container Transshipment Terminal (ICTT) on Cochin Port an additional port of call. The service will attach the terminal to Alexandria/Ashdod/Haifa/Mersin. AME would launch the maiden voyage of the weekly service on March 26. The port rotation is as follows:Cochin (ICT
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Shipping firms agree to launch service from Abu Dhabi
A consortium of shipping firms -Orient Express Line (OEL), Simatech and X-Press Feeders - arrived at an agreement with Abu Dhabi Terminals (ADT) to launch service between Khalifa Port Container Terminal (KPCT) and India. It may be noted that ADT is the manager and operator of Abu DhabiÂ’s four main commercial ports. The proposed direct service would link trade between Abu Dhab
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MPT woos traders from north Karnataka
Mormugao Port Trust (MPT), which is in taking efforts to diversify its cargo handling away from coal, asked traders from north Karnataka to make use of the port. In order to woo traders, the port in association with Karnataka Chamber of Commerce and Industry (KCCI), Hubli
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Kandla port handles 56 mn t import cargo
So far in 2012-13, Kandla Port Trust handled 56.29 million tonne (mn t) of import cargo compared with 60.1 mn t in the year-ago period. The port handled total exports of 26.41 mn t so far in 2012-13 compared to 22.09 mn t in the year-ago period. The volume of transshipment cargo was 1.69 lakh tonne, which is, lower than 3.09 lakh tonne in the comparable period of
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Shipping firms welcome budget 2013-14
Domestic shipping companies expressed satisfaction with the Union Budget 2013-14 as it announced some tax sops for shipbuilders and import of ships. The budget removed the countervailing duty (CVD) on imported ships since most Indian shipping companies get their vessels manufactured outside the country. Further, the budget also removed the excise duty on the
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Karnataka govt seeks nod for 11 rail projects
In a letter to Railways Minister PK Bansal, Karnataka Chief Minister Jagadish Shettar requested approval for 11 new railway projects for the state. He informed the minister that the state government has already conveyed its willingness to provide land free of cost and share the cost of construction of the projects on a 50:50 basis. These projects include Tumkur-Kunigal-Maddur; Tiptur-Dudda; Gada
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KPT takes efforts to diversify cargo mix at Haldia
Kolkata Port Trust (KPT) is making efforts to diversify HaldiaÂ’s cargo mix and attract larger volumes of existing cargoes. The port trust intends to diversify the cargo at Haldia because the latter lost over 10 million tonne (mn t) of
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Govt takes efforts to boost inland water transport sector
While speaking at a CII event, Shipping Secretary PK Sinha informed that his ministry was exploring several ways to raise the share of inland waterways, create right policy and fiscal environment. He stressed on the need to increase the share of inland waterways and ensure seamless connectivity. He said the government is in the process of identifying criti
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USTDA asks Vizag port to avail its assistance
The US Trade Development Authority (USTDA) asked Visakhapatnam Port Trust to avail its development assistance for enhancing growth potential of the port. USTDA, which was hitherto focusing on the development of aviation sector in India, has taken up port development activities recently