Kochi Port Trust has reportedly planned to set up
container freight stations (CFS) in order to develop Vallarpadam into a major logistics hub by earmarking 54 acres near the ICTT with private participation. Setting up CFS facilities near ICTT would benefit traders as they can meet all their shipping requirements under
Tag: Shipping
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Cochin Port plans CFS to develop Vallarpadam
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Mormugao Port explores options to overcome crisis
Mormugao Port Trust in Goa is exploring various options to overcome the financial crisis that it is facing because of a sharp decline in iron ore export cargo. According to reports, the port is planning to reduce the staff strength through Voluntary Retirement Scheme (VRS). But the authority needs to secure the support and c
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DP World’s business recast may facilitate fund raising
Some analysts and industry watchers feel that DP World has restructured its India operations in order to facilitate fund raising in the country, if required in future. Some analysts feel that the restructuring exercise is intended to raise the companyÂ’s valuation with an eye to tap the local capital market for funds
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10 minor ports in Karnataka handle 15.8 lakh t cargo
Reports suggest that around 10 minor ports in Karnataka together handled approximately 15.81 lakh tonne of cargo during 2011-12. These minor ports are Karwar, Belikeri, Tadri, Honnavar, Bhatkal, Kundapur, Hangarakatta, Malpe, Padubidri and Old Mangalore. These ports are under the control of the state government
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DP World takes efforts to attract shipping lines
In the last few years, container terminal operator DP World has been taking efforts to attract foreign and domestic shipping lines to Vallarpadam International Container Transhipment Terminal (ICTT). DP World is attracting shipping lines by informing them about the productivity and performance of the term
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Shipping players expects transport cost to be steady
Shipping sector in Kochi does not expect increase in transportation cost despite the recent hike in diesel prices because the trailer operators in the Vallarpadam Terminal are not likely to raise rates. Container trailer operators in the terminal are suffering from muted cargo traffic and hence they may avoid
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Major ports witness decline in staff strength
Major ports like Mumbai Port Trust, VO Chidambaranar Port, Kolkata Port Trust, and Chennai Port Trust witnessed decline in employee strength at a Compounded Annual Growth Rate (CAGR) of 5 percent or above. This was observed in a study titled titled ‘Employment Scenario at Major, Minor and Intermediate Ports in India’ conducted by the Associated Chambers of Commerce and Indu
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NMPT woos coffee exporters from Hassan
The New Mangalore Port Trust (NMPT) requested coffee exporters from Hassan to make best use of the port, which is around 165 kilometer (km) from Hassan. In view of the forthcoming coffee plucking season, the port trust held an interactive session with the coffee exporters. Major coffee exporters from Hassan region and officials from the Coffee Board attended the
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MPT loses iron ore cargo
Reports suggest that the Mormugao Port Trust (MPT), which is losing considerable cargo traffic in recent months, requested the central government for help to tide over the crisis. The port has been losing iron ore export traffic following a court order banning iron ore mining in Goa. Export of iron ore and pellets account for nearly 80 percent the portÂ’s total traffic
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Essar Ports handles 180 ships in Oct-Dec 2012
During the third quarter of FY13, the company's terminals handled a “record” 180 ships, as against 114 ships handled for the corresponding quarter of last year. Meanwhile, the port aims to raise its cargo handling capacity to 158 million tonne per annum from the present 104 mn t