At a cost of Rs 9 crore, the New Mangalore Port Trust (NMPT) has taken up the construction of two additional storage sheds in the port premises. According to a media statement issued by the port, these sheds could store up to 22,000 tonne of bulk cargoes such as maize, wheat and fertiliser and they would be set up in a built-up area of 7,000 sq metre. The sheds will be read
Tag: trade
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India plans to import tariffs on steel products
In order to safeguard the interests of local producers from huge imports, primarily from China and Italy, India plans to impose tariffs on some iron and steel pipes, tubes and profiles. This information is said to be sourced from a filing of India in the World Trade Organization. According to the guidelines of WTO, member countries can impose such tariffs on a temporary basis if they can sho
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NMPT may post Rs 138 cr net surplus
The New Mangalore Port, which recorded a 12.43 percent growth in cargo volume in 2012-13 at 37.04 million tonne (mn t), may announce about Rs 138 crore of net surplus during the year, reports indicate. If the port is able to post the above net surplus, then it would be the 8th consecutive year that the figure exceeds Rs 100 crore, reports suggest
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Iron ore price expected to be weak
Some industry watchers expect the price of iron ore in the global market to remain weak in the coming months after rising during Jan-Mar 2013. Iron ore price is expected to be weak because of a combination of anticipated lower steel output and continuous supply growth from the major iron ore miners
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PIL to operate mainline ship from New Mangalore Port
Tamilvanan, Chairman of New Mangalore Port Trust (NMPT) informed that Pacific International Lines (PIL) will operate a mainline ship from New Mangalore to Mombassa in Africa. The service will have calls at Karachi in Pakistan and Jabel Ali in the Gulf region enroute. The mainline ship – mv Kota Anggerik – will carry over 300 boxes, including empty containers to Mombassa in Africa from New Mangalore. The export cargo in the vessel includ
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NMPT’s cargo handling grows 12.44% in FY13
During 2012-13, cargo handling at the New Mangalore Port Trust (NMPT) grew 12.44 per cent to 37.04 million tonne (mn t) from 32.94 mn t in 2011-12. Cargo volume in the port received a boost from the increase in the handling of crude oil, petroleum products, coal and container cargoes, the port
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NMPT conducts trial operation at new berth
P Tamilvanan, Chairman of the New Mangalore Port Trust (NMPT) informed media persons that the port was conducting trial operation at the new berth for handling petroleum products. The port has already completed civil works on the berth, which can handle ships of 1.25 lakh DWT (dead weight tonnage). (DWT is a measure of how much weight a ship can carry
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MRPL may procure more oil from Saudi Aramco
Mangalore Refinery and Petrochemicals (MRPL) has is seeking additional 23,000 barrels per day (bpd) of crude oil supply from Saudi Aramco during April in order to compensate for the reduction in import from Iran. MRPL plans to stop oil imports from Iran in April if insurance cover is not available for their refineries. Indian insurance companies said they would not cover refine
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Ports in Andhra witness decline in ore cargo
The hike in export duty on iron ore, increase in railway freight rates for export cargo of ore and the ban on illegal ore mining affected exports of the raw material. Gangavaram Port exported only 271,000 tonne this year as against 2.1 million tonne last fiscal. Other ports in Andhra Pradesh Visakhapatnam and Kakinada deep water ports lost 30 per cent in iron ore cargo traffic during 2012-13. In 2011-12, Kakinada Port
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Gujarat Ambuja to use NMPT for shipment of its products
Gujarat Ambuja Exports decided to use the New Mangalore Port in Karnataka for shipment of its products to Sudan in Africa. The company decided to use the port for moving its export consignments after the recent visit of Manish Kumar Gupta, Managing Director and Prashanth Pillai, DGM of the company