The Visakhapatnam port has shown a drop in cargo in the first half of current fiscal too after posting a fall in total cargo handled during 2012-13. The port handled 28.9 million tonne cargo in the first half of current fiscal (H1), as against the 30.3 million tonne capacity it had handled a year ago.
Tag: Visakhapatnam Port
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Feasibility report soon on Vizag satellite port
There is a further progress in the efforts of the Visakhapatnam Port to expand a satellite port near the 17th century Dutch township of Bheemunipatnam in the country's east coast as Delhi-based consultant has come forward to submit a detailed feasibility report (DFR) on next month.
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Vizag port exhibits new facilities to dealers
To market its new facilities developed for quick discharge of cargo the Visakhapatnam port conducted a tradersÂ’ meeting in the city on October 1. The port is undergoing huge mechanisation. The port requested the East Coast Railway (ECR) to expedite the electrification of yards within the port and augmentation of connectivity beyond port to cope with the increase in traffic at the port in view of ongoing mechanisation work.
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Vizag port to get Rs 633 cr container terminal
Visakhapatnam Port has revised plans to finalise bids for extension of the existing container terminal at a cost of Rs 633 crore.
After scrapping the Letter of Award issued to Visakha Container Terminal to extend existing terminal following serious differences over sharing of revenue, the board of trustee of the port decided at its recent meeting to issue Request for Proposals (RFP) among seven firms who were declared qualified.
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AP to get its 2nd major port, boost to its logistics biz
With the decks cleared for setting up of a second major port in Andhra Pradesh, the state is set to receive a significant boost for its logistics sector. Once the second major port in Prakasham district commissioned, the State will have two major ports, the other being the countryÂ’s premier Visakhapatnam Port.
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Vizag port takes up expansion at Rs 4,500 cr
To expand its cargo handling capacity, Visakhapatnam port plans to spend Rs 4,500 crore. The port's existing capacity is 65 million tonne (mtpa) and it plans to enhance it to 110 mtpa by 2015-16. The expansion plan includes setting up of 3-4 new berths besides modernising the existing berths towards fully mechanised ones.
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Anti-bifurcation stir hits fertiliser movement at AP ports
In Andhra Pradesh the ongoing anti-bifurcation agitation in the coastal Andhra Pradesh is causing huge loss to ports in the state. Fertiliser handlers at seaports, particularly in Visakhapatnam port, are incurring huge demurrage (a charge payable to the owner of a chartered ship in respect of failure to load or discharge the ship within the time agreed.) losses over the last three weeks due to the agitations.
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Delay in dredging of approach channel in Vizag port
Some of the government-owned ports are bringing revenue losses to the government as they are not fulfilling their obligatorty tasks on contracts signed with private cargo handling firms, delaying their implementation and hurting the ability of these facilities to operate at full potential.
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Agitations hit Vizag port business
Not just road transport, but also the sea trade is getting affected in Andhra Pradesh due to the ongoing protest for 'Samaikhyandhra' (meaning united Andhra Pradesh) in Semaandhra region of the AP. At Visakhapatnam Port in the state, about 18 vessels and 3 lakh tonne of cargo was remained idle for eight hours.
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Fall in Vizag port cargo handling in current fiscal
Visakhapatnam port's cargo handling has come down by by 1 million tonne during the current financial year compared to last year. The port Chairman GVL Satya Kumar attributed the dip in the cargo handling to fall in intake of iron ore by China, government restrictions on iron ore mining and slump in transshipment of petroleum products and crude during the year.