Andhra Pradesh signed 42 MoUs in the energy sector during the two-day GIS
Tag: Visakhapatnam
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Iron ore shipments up 154percent through Major Ports
Iron ore cargo through Major Ports has logged the sharpest growth among all commodities in the April-December period. Till the end of December, iron ore shipments were up from 12.7 million tonnes (MT) to 32.4 MT, a rise of 154 per cent.
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Turnaround time in Indian major ports is a matter of concern
The current cargo handling capacity of Essar Ports is 150 MTPA. Essar Ports specialises in development and operations of ports and terminals for handling liquid, dry bulk, break bulk and general cargo.
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Iron ore traffic falls by 28per cent at major ports
Iron ore traffic, including pellets, at major ports saw a sharp fall of 28 per cent in financial year 2015-16 as imports declined because of weak demand. Total iron ore cargo fell to 13 mn t from 18 mn t a year ago.
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Stevedores oppose new policy
The announcement by the Centre to introduce a new stevedoring policy in all government-owned ports to allot permits to stevedores and shore handling agents through bids on revenue sharing basis for cargo handling operations has kicked up a ontroversy.
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India to commission 5-mt underground oil storages
India has decided to commission over 5 million tonnes (mt) of underground crude oil storages by October to ensure uninterrupted oil supply to the nation for about two months in the case of disruptions in imports from oil producing countries due to geopolitical reasons.
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ADB may fund Chennai-Vizag corridor
Asian Development Bank (ADB) has shown interest to back an industrial corridor along the coast of Andhra Pradesh, giving a confidence boost to the state as it prepares for a new life without Telangana and Hyderabad.
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Poor hinterland connectivity is affecting speedy cargo movement
Arvind Mahajan, Partner and Head-Infrastructure and Government Services, KPMG Advisory Services Private Limited, interacts with Janaki Krishnamoorthi on the constraints and issues that need to be addressed in the Indian port sector.
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Coking coal import up 18 per cent in FY14
Indian steel producers imported 33.1 million tonne (mt) of coking coal in 2013-14, an increase of 18 per cent over the previous comparable period, taking advantage of a price slump, said traders and analysts.
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Lalitanjali Group to set up steel park in Vizag
Hyderabad-headquartered Lalitanjali Group, focused on strategies, industry entry planning, market research and raw material sources, is planning to set up the country's first steel industrial park in Visakhapatnam with an investment of Rs 650 crore, according to chief executive officer Rahul Rao.