P Tamilvanan, Chairman of New Mangalore Port Trust (NMPT) informed Union Shipping Minister GK Vasan that the port recorded a growth of 11.5 percent in cargo handling during Apr-Dec 2012. The port handled 27.01 million tonne of cargo during the first nine months of 2012-13 as against 24.23 million tonne in the corresponding period of the previous fiscal
Tag: Shipping
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Net profit of Gujarat Pipavav declines
The net profit of Gujarat Pipavav Port declined 38.2 percent to Rs 8.17 crore during July-September 2012 quarter compared to the year-ago period.The fall in the bottomline is attributed to the 6.5 percent decline in net sales to Rs 86.47 crore during the period compared to July-September 2011. Gujarat Pipavav Port is the country's first private sec
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Major ports see 3.09% fall in cargo traffic
During Apr-Dec 2012, major ports witnessed a 3.09 per cent decline in cargo traffic because of fall in throughput of finished fertiliser and iron ore. While the iron-ore traffic at major ports declined by half, handling of finished fertiliser slumped 33 per cent during Apr-Dec 2012. Iron ore handling by ports declined mainly because of the ban on ore exports from Karnataka. The drop in hand
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Largest bulk carrier arrives at Dighi Port
Recently, a gearless post-panamax vessel arrived at Dighi Port carrying coal and this is said to be the largest bulk carrier to call the port and one of the largest vessels to call any port in Maharashtra. On January 5, 2013, the vessel ‘MV Maverick Guardian’ having a LOA of 229 meters, a Deadweight Tonnage (DWT) of 82,739 million tonne and carrying stea
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CPT to develop dedicated cruise berth
Cochin Port Trust (CPT) plans to develop a dedicated cruise berthing facility within a year to become the first exclusive cruise berth in the country. Currently a cruise terminal is operational at the Cochin Port, but cargo vessels also berth near it. The port plans to expand the berth length by 100 meter from its current length of 180 meter and convert it into an exclusive cruise bert
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Proposed wharf project may cost Rs 44.5 cr
The proposed wharf project at at Mangalore Old Port is estimated to cost around Rs 44.5 crore, Lakshadweep MP Muhammad Hamdullah Sayeed informed reporters. The Lakshadweep government proposed to construct the wharf at the port and expects to begin work on it once the Karnataka government clears the proposal
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ABG Shipyard mulls greenfield project in Gujarat
ABG Shipyard, which has one shipyard each at Surat and Dahej with a total area of approximately 620,000 sq m, proposes to set up a third one at an unknown location in three phases in Gujarat. The company sent a proposal for the same during the Vibrant Gujarat Global Investors Summit 2013. Besides, the firm also plans to expand its facilities at Dahej and Magdalla in three phases, with an estimat
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Ministry proposes steps to revive shipbuilding sector
In order revive growth in the sagging shipbuilding sector, union shipping ministry has proposed a 15 per cent subsidy for domestic shipbuilders on the cost of ocean-going vessels. Nearly six years after the subsidy scheme was discontinued, the ministry is trying to revive it for private shipbuilders in
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Port to decide on bid for cargo berth contract
The board of trustees of VO Chidambaranar port would decide on the bid submitted by Transstroy (India)
to build a Rs 355 crore berth for loading 7.28 mn t of thermal coal and copper concentrates a year. Transstroy has reportedly quoted a revenue share price bid of 28 percent. Transstroy (India) is said to be having a technical tie-up with RussiaÂ’s Corporation Tran
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Head count at Kandla port falls marginally
Gujarat-based Kandla Port witnessed a marginal decline in its staff strength during 2001-2009, a study by the apex industry body Assocham found. The employee strength has reduced marginally by about 1 percent or so at Kandla, where the number of empl