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AP advised to improve capacity of existing ports

AP advised to improve capacity of existing ports

The East Coast Maritime Business Summit has cautioned that it is as important to build the supporting infrastructure for speedy cargo evacuation from ports as to build new ports or to add to the capacity of the existing ones, as otherwise ports will merely become stockyards.

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DCI to dredge at Vizag port

DCI to dredge at Vizag port

Cargo handling is likely to go up significantly at Visakhapatnam port with the authorities deciding to issue work order to Dredging Corporation of India (DCI) for dredging in the northern arm.

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Vizag port handles 58 mt in 2013-14

Vizag port handles 58 mt in 2013-14

The Visakhapatnam port has handled a little over 58 million tonne of cargo during 2013-14. The port has suffered loss of cargo during the past few years due to several reasons. Stiff competition from the neighbouring ports, the many ongoing projects in the port in
recent years affecting cargo-handling and the fall in iron ore exports are some of the main reasons for slump in the fortunes of the port.

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Essar Ports to invest in Vizag port

Essar Ports to invest in Vizag port

For development and operation of three iron ore berths at Visakhapatnam Port, the Essar Vizag Terminals has entered into an agreement with the Visakhapatnam Port Trust. It is to invest Rs 1,200 crore in the project and to be developed on a build-own-operate basis over 30 years. With a combined capacity of 23 million tonne the three berths (two outer harbour berths and one inner) will have a combined capacity of 23 million tonne per year.

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