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Tag: Terminals
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Cargo traffic at Major Ports boosted by reforms, grows by 5.2%
Major Ports in India handled 315.4 MT of cargo during the first six months of FY2016-17 (April-September) and showed a positive growth of 5.1 per cent
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Four natural gas processing terminals to come up
The Petroleum Ministry will set up four new terminals with a capacity of 50 million tonnes across the country for processing and supply of natural gas to ensure better availability of the gas to the industries, Dharmendra Pradhan, Minister of State (independent charge) for Petroleum and Gas has said.
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400 railway stations to get Rs.100 crore makeover
If Indian Railway Ministry sources can be believed, the government will spend nearly Rs.100 crore to develop 400 railway stations that were announced in the Railway Budget. India´s railway stations, defined by surly staff, cheap tea, and filth carefully hidden in corners are set to become glossy, clean, and like airports.
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Shipping Ministry to invest Rs.14,225 cr on port projects
In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasising on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other modernisation projects.
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Cochin Shipyard to raise Rs.600-700 cr
Cochin Shipyard, which recently received Cabinet clearance for an initial public offering, is planning to raise Rs.600-700 crore to support the company´s Rs.2,500 crore investment in the ship repair facility and a new dry dock.
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LNG more viable than coal
India is already among the world´s largest energy consumers. Urbanisation, industrialisation, and the government´s commitment to 24 x7 energy access for all imply that our need for power will continue to grow.
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Govt to re-bid 10 private cargo-handling terminals
The Shipping Ministry has rejected demands by 10 private cargo handlers operating under tariff rules framed in 2005 to migrate to a new regime that took effect in July 2013.
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Government to set up INWTG
The Government is considering a proposal to set up an Integrated National Waterways Transport Grid (INWTG) which covers mainly five National Waterways. The INWTG includes development of the National Waterways with at least 2.5 meter Least Available Depth (LAD), upgrading/ setting up of priority terminals, establishing road connectivity, wherever feasible, rail and port connectivity.
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Private terminals get a boost
The government is seeking to shore up investor confidence in the ports sector by agreeing to allow private firms setting up container terminals to change their cargo profile either permanently or as a stop-gap measure to deal with circumstances that have rendered their facilities idle.