While relaxation of the Indian cabotage policy is being observed as a gateway of opportunities, investment in infrastructure and higher logistics costs are believed to be some of the major deterrents.
Tag: TEU
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Porting Ahead
The government has announced a massive investment in India´s ports sector, which is likely to boost the country´s economy. The government has massive plans of developing ten coastal economic regions by reviving the country´s Sagarmala (string of ports) Project.
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Cochin Port launches direct service to West Asia
Cochin port launched a new direct service to West Asia in order to give an impetus to the connectivity for export cargo to West Asia. recently. The vessel SSL Gujarat having 1,800 capacity TEUs (23,000 tonnes) will sail from Cochin non-stop to Jebel Ali , covering the distance of 1,780 nautical mile in five days.
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Batting for Vibrant India
Gujarat as a State has tremendous potential both naturally as well as physically. Being well connected by rail and road is an added advantage although air connectivity needs improvement. Its well-equipped ports are a tremendous boost for industries in the State.
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Neighbours´ envy, India´s pride?
Vallarpadam in Cochin run by Dubai´s DP World Ltd is slated to have a companion in Vizhinjam near Thiruvananthapuram as the new transshipment facility.
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Vizag Port gets dedicated berth for coastal cargo
Visakhapatnam Port is planning to develop a dedicated berth for coastal shipping within six months, which will help to save time in handling coastal cargo, according to the Chairman MT Krishna Babu.
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A Shipping Revolution
Liverpool 2 is set to become the central UK logistics hub, located at the heart of supply chains with the fastest and most efficient onward connections to the Irish Sea Hub
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Reefer cargo at NMPT
With the onset of fishing season in the coastal belt, the New Mangalore Port (NMPT) is witnessing a record movement of reefer cargo in containers.
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Kandla Port to set up new terminal
Kandla Port Trust in Gujarat has two dedicated container handling berths currently and the port authority plans to set up another container terminal at Tuna-Tekra at a cost of Rs 3,000 crore.
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KoPT to shortlist bidders
Kolkata Port Trust (KoPT) is likely to shortlist the interested bidders for the Rs 1,500-crore, 1.2 million TEU container terminal project at Diamond Harbour on March 15.
It may be recalled that the port earlier extended the pre-bid application deadline to