Union Minister of State for Shipping Milind Deora informed that his ministry set up a panel to study the feasibility of setting up another major port in Gujarat on the lines of Kandla Port. It is learnt that the committee will explore locations at which this second major port could come up. Gujarat alrea
Tag: Terminal
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Chidambaranar port appeals against stay order
VO Chidambaranar port, which is a major port in Tamil Nadu, appealed against the stay order of Tuticorin district court on the revision of royalty with the Madurai bench of the Madras high court. PSA International, which operates PSA-Sical Terminal at the port, secured a stay order from the district court in Tuticorin on the revision of the royalty it pays
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Krishnapatnam Port handles 456 vessels
Krishnapatnam port, which is 25 km east of Nellore, Andhra Pradesh, handled 456 vessels until December 2012. The port handled 428 vessels and 15.41 million tonne of cargo in 2011-12 as against 417 vessels and 15.91 million tonnes in 2010-11. The port was inaugurated in July 2008 and is promoted by the Hyderabad-based CVR Group. The cont
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Kolkata Port extends deadline for application
Kolkata Port Trust extended the deadline for filing applications for the proposed Rs 1,500-crore 1.2-million-TEU container terminal at Diamond Harbour till February 28. This is the second time that the port trust is extending the deadline after the tender was floated in Oct
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EPL gets response from leading firms for container project
Domestic and global firms have reportedly shown interest in the container terminal expansion project of the Ennore Port (EPL) in response to the the portÂ’s Expression of Interest (EoI) issued recently. The project received interest from 11 companies including multinationals such as Port of Singapore Authority, DP World and APM Terminals, local firms like Lars
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Board clears master plan for Vizhinjam port project
The director board of Vizhinjam International Seaport approved the master plan for the proposed Vizhinjam port project. The project authority has reportedly sent a copy of the master plan to the International Finance Corporation, which is doing the Environment Impact Assessment (EIA) study for the project.
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IFC to submit report on Vizhinjam Port project
Agency reports indicate that the International Finance Corporation (IFC) would soon submit the environment impact assessment (EIA) report for the proposed Vizhinjam Port. Part of the World Bank Group, IFC is the largest global development institution focused exclusively on the private sector in developing countries
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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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Container traffic at NMPT rises
New Mangalore Port Trust (NMPT) has reportedly handled 37,101 Twenty Foot Equivalent Unit (TEU) of container cargo so far during 2012-13 compared to 35,792 TEU handled during the corresponding period of 2011-12. This represents a growth rate of 3.66 percent. The port expects the container traffic to rise going forward once
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NMPT handles 13% more cargo since April 2012
Cargo handling by the New Mangalore Port (NMPT) rose 13.08 per cent to 30.08 million tonne between April 1, 2012 and January 29, 2013 from 26.6 mn t in the year-ago period. With this, the port exceeded the cargo handling target set by the shipping ministry for the first 10 months of 2012