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Govt plans Rs.5000-cr mega port in TN

Govt plans Rs.5000-cr mega port in TN

To reduce India´s dependence on Colombo and Singapore ports for handling cargo traffic, the Modi Government is planning to build a mega transshipment hub at a cost of over Rs.5,000 crore. The transshipment hub is expected to come up near Tuticorin in Tamil Nadu around the international trading route.

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Larger ships dominating busy routes: Unctad

Larger ships dominating busy routes: Unctad

Unctad report on maritime transport says that ships have become bigger, and the number of companies in most markets has diminished over the last 10 years. The report stated that on an average, the number of companies whose ships sail into each country has decreased by 27 per cent during the last 10 years from 22 in 2004 to just 16 in 2013.

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Kandla Port sells two ships on HC order

Kandla Port sells two ships on HC order

The Kandla Port Trust (KPT) has auctioned two ships belonging to Jaisu Shipping Company after the company failed to provide food and fuel to the crew members onboard six ships, KPT did this upon directions from the Gujarat high court.

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Lakshadweep to get 2 more vessels: Vasan

Lakshadweep to get 2 more vessels: Vasan

The Lakshadweep administration would get two more ships of 400-passenger capacity each, in addition to the 25 ships serving the islands, said Union Minister of Shipping GK Vasan. He said, 2 multi-purpose cargo vessels and an oil barge would also be acquired by the island administration.

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Great Eastern to buy gas carrier

Great Eastern to buy gas carrier

Great Eastern (GE) Shipping, which has a fleet size of 28 ships comprising 20 tankers and 8 dry bulk carriers, decided to buy a very large gas carrier of about 49,300 dry weight tonnage (73,800 cbm). The gas carrier, once bought, would become the 29th ship of the firm. GE Shipping Company entered into a cont

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APM Terminals to give berthing facility to Coast Guards

APM Terminals to give berthing facility to Coast Guards

APM Terminals and Pipavav Defence and Offshore Engineering Company would provide its berthing facility at Pipavav port to the Indian Coast Guard for anchoring its ships. Until the Indian Coast Guard sets up its own jetty and other infrastructure to help its ships drop anchor at Pipavav, it would use the facility of APM Terminals, reports indica

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Growth in marine-hull insurance segment may slowdown

Growth in marine-hull insurance segment may slowdown

Weak financial position of shipping companies may slowdown growth in the marine-hull segment of the insurance industry, reports indicate. Marine-hull insurance is purchased by port authorities, shipowners, shipbuilders, oil- and energy-sector companies, bankers and financiers of ships or vessels who have insurable interest

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CITPL caters to 5 mainline services to East Asia

CITPL caters to 5 mainline services to East Asia

According to a press release of the Chennai International Terminals (CITPL), the terminal caters to five mainline services to East Asia, two Colombo services and two coastal services. The release further said that the terminal has a total of seven quay (all twin lifts) and 18 rubber-tyred gantry cranes, which have more than doubled the handling capacity of the terminal

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