From the end of September, Pradip Port Trust (PPT) agreed to handle export cargo of seafood or marine products through a designated container yard. The yard would handle marine products and refrigerated container cargo. The port authority agreed to handle the marine cargo during a meeting with the officials of the Seafood Expo
Tag: volume
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Fall in trade reduces turnaround time in major ports
Average turnaround and pre-berthing time for ships declined 7 per cent and 11 per cent, respectively at major ports during April and May 2013. The decline of these two variables, which indicate improved efficiency, is not due to capacity addition, but due to a fall in trade, as the number of vessels handled by ports fell from 3,260 to 3,139 during the period, reports indic
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Net profit of Essar Ports rises 48% in June quarter
Net profit of Essar Ports rose 48 percent to Rs 101.4 crore during April-June 2013 from Rs 68.5 crore in the year-ago period. The port announced 22 per cent growth in revenue at Rs 403.7 crore during the quarter under consideration from Rs 330.3 crore in the corresponding period last year. Cargo volume of the firm rose to 14 million tonne during the quarter from 12.65 million tonne in the year-ago
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Mundra port handles more cargo than Kandla
Cargo volume handled by Mundra port stood at 24 million tonne (mn t) during April and June and this is more than the 23 mn t handled by Kandla port in the same period. With this, the Adani Ports and Special Economic Zone (APSEZ)-run port became the first private port to overtake the cargo volume of a major port in the coun
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ICRA report points to decline in mkt share of major ports
A report by ratings agency ICRA shows the market share of non-major ports rose to 42 per cent in 2012-13 from 39 percent in the previous year because of their efficient operation. Thus, in 2012-13, market share of major ports declined to 58 per cent of the total throughput, compared to 61
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Cargo volume rises in Halifax port
Data released by the Halifax Port Authority (HPA) in Canada shows general cargo volume rose 0.5 per cent during the quarter ending June 30, 2013. It shows volume of bulk cargo, such as oil and grains, declined 11.5 per cent when compared to the same period last year. Total cargo tonnage in the second quarter rose 0.6 per c
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RBI steps may hit home sales, cement, steel volume growth
In a research note, rating agency CRISIL said new home sales may decline 400 basis points (bps) and volume growth for steel and cement may shrink about 100 bps owing to the liquidity tightening measures of the Reserve Bank of India (RBI). In order to stabilise rupee exchange rate against dollar, RBI raised short-term interest rates and restricted amount that bank
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Kakinada port to benefit from LNG projects
The proposed liquefied natural gas (LNG) terminal project in Kakinada would benefit the Kakinada deepwater port in enhancing its cargo volume. One of the proposed terminals would be set up by a consortium of Shell, Reliance and the Kakinada Seaports Private Limited (KSPL) and the other by AP Gas Distribution Corporation Limited (a joint venture of Gail
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Cargo volume declines in major ports
Data compiled by the Indian Ports Association (IPA) shows container cargo volumes at the 12 major ports in India declined to 1.87 million standard containers in April-June 2013 quarter at from 1.94 million a year earlier. During the same quarter, these 12 ports, which account for about 58 percent of the total cargo shipped through the countryÂ’s ports, handled 137 million tonne (mn
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Container traffic at NMPT rises marginally
Container traffic handled by the New Mangalore Port (NMPT) rose marginally to 13,595 TEUs (twenty-foot equivalent units) till July 8 of 2013-14 from 13,308 TEUs in the year-ago period. Mainline vessels started calling at the port in 2007-08. The port handled one mainline vessel during that year. Raw cashewnut and coffee contribute a major share to the container cargo handling at the New Mang