The government is mulling over a scheme to promote coastal shipping. According to the proposed plan, a subsidy of Rs 0.5 per tonne per km on bulk cargo, a rebate of Rs 2,000 per container for container cargo and an additional 20 per cent rebate on vessel/cargo-related charges would be offered.
Tag: vessel
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Kochi port exports commercial explosives
The vessel mv BBC Victoria sailed from Kochi with three load containers of commercial explosives for Indonesia. The Indian Explosives company sent the first container cargo recently.
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Shreyas Shipping Service links India’s east, west coasts
With the starting of a coastal container service, connectivity between major ports in the East and West coasts linking ICTT Vallarpadam has become a reality. Shreyas Shipping Service has introduced Pan India Express, a bi-weekly service, by deploying a 1700 teu vessel connecting all the major East Coast ports to ICTT.
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Mumbai Port to set up marina for yachts
Rajiv Gupta, Chairman of Mumbai Port Trust said the port plans to set up its first marina project to give the yacht owners a secure storage place, especially during monsoon. The marina would be developed on the land-lease model and it is expected to come up on the northern side of the harbour waters, away from the Mallet Bun
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Dighi Port to set up 3 more berths
Vijay Kalantri, Chairman and Managing Director of Dighi Port informed that the port would set up the remaining three berths as part of the phase one of the project by December 2014. The green field port is being developed in Raigad district of Maharashtra. It may be recalled that the port auth
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Chinese firm to operate terminal in Sri Lanka
China Merchants Holdings International Co would operate the new container terminal opened in Colombo recently. The terminal gives a new sea route for mega vessels from China. The terminal which is regarded to be as sophisticated as the container terminal at the Singapore port
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Pipavav Defence launches largest vessel built in India
Pipavav Defence and Offshore Engineering Company has informed that it launched the largest Ice Class Ship ever built in India. The ship, which was launched by Admiral RM Bhatia, is sold to prominent international client. In a filing with the Bombay Stock Exchange, Pipavav Defence said it was geared to deliver more ships in coming mon
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Dighi Port handles second cape size vessel
In a press release, Dighi Port said it successfully handled a cape size vessel in May this year and has now handled another Capesize vessel carrying coal for one of the largest coal importers in the country. In the first year of being operational in the monsoons, the port achieved another significant milestone by successfully handling the largest Capesize vess
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DCI plans to spend Rs 19 bn in 5 yrs
In the 12th five year plan (2012-17), Dredging Corporation of India (DCI) has planned a capital expenditure of about Rs 1,972 crore. This includes placing order for two more 9,000 cubic metre capacity dredgers. In the next four to five years, the state-run firm expects to procure these dredgers which may facilitate the company to handle up to 80 per cent of the annual maintenance dredging works of Indian ports. The balance wou
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Chidambaranar Port loads record tonnage of salt
VO Chidambaranar Port Trust in Tuticorin, Tamil Nadu loaded the highest tonnage of 13,200 mn t salt in bulk in the vessel MV Great Gain. S Natarajan, Chairman of the major port said in a press release that this was the record handling of salt in bulk by the port in a single