Union Shipping Ministry has awarded Paradip Port for achieving 2nd highest growth in traffic for the year 2016-17.
Nitin Gadkari, Minister of Shipping and Transport appreciated PPT’s performance and presented an award to Paradip Port Trust (PPT) for achieving 2nd Highest Growth in Traffic for the year 2016-17.
Rinkesh Roy, Chairman, PPT received the award for PPT from the Minister during the review meeting held at Dona Paula, Goa recently. PPT has received the distinction for the second year in a row for receiving award from the Ministry of Shipping.
Paradip Port has handled 88.95 MMT of cargo during the year 2016-17 as against the previous year t...
The Union Shipping Ministry, in an effort to reduce the carbon footprint of 13 major public ports, is planning to set up solar power projects with up to 200 MW capacity.
The Indian Ports Association (IPA) will do the project planning while the ports will finance the plants through internal accruals and debt that could include dollar-denominated loans. So far, major ports have already commissioned 16 MW of solar and 6 MW of wind power projects. Sanjay Bhatia, Chairman of IPA and Mumbai Port Trust(MPT) , said the IPA is looking at sites for the plants.
The power could be produced at one site and then wheeled to all the ports. Various possibilities are being explored...
Essar Shipping, the shipping arm of Essar Group, ended FY17 Q4 with a net loss of INR 176.6 crore on a consolidated basis, versus a INR 88.2-crore loss in the previous quarter and INR 147.2 crore in the corresponding quarter of FY16. Quarterly revenue shrunk to INR 467.8 crore from INR 673.7 crore in the previous quarter.
The company closed the financial year with a loss of INR 583 crore compared with INR 550 crore in the previous year.
The consolidated revenue grew to INR 2,313 crore from INR 2,020 crore in the previous fiscal.
The company’s total expenses during the period rose to INR 644 crore from INR 619.81 crore in the same quarter of the pr...
The Paradip Port Trust (PPT) has been awarded by the Union Shipping Ministry for witnessing the second highest growth in traffic for FY17.
In FY17, the port has handled 88.95 MMT of cargo; a 16.5% rise over the
During the year, the port’s berth-day output improved to 23139 MT with 12.24% growth and the Berth Occupancy stood at 66%, it said in a press release....
Cargo processed at South Korean seaports gained ground last month from a year earlier on brisk outbound shipments.
Cargo handled at the country's seaports came to 129.62 million tonnes (mt) in April, up 6.6% from 121.54 mt tallied a year earlier, according to the data by the Ministry of Oceans and Fisheries.
Non-container cargo rose 4% on-year to 88.74 mt last month, while container freight jumped 8.9% to 2.34 million twenty-foot equivalent units(TEU).
A total of 1.41 million TEU of export-import cargo was processed over the same period, up 10.5% from the previous year's 1.28 million TEU.
Asia's fourth-largest economy saw its expo...
A top official said here the Central Government has identified ship repairing facilities of seven ports for upgradation into modern units in collaboration with the Cochin Shipyard.
Union Shipping Ministry Joint Secretary, Sagarmala Wing, Rabindra Kumar Agarwal said here, “It has been decided at last week’s meeting in Goa that seven ports, which have ship repair facilities that need to be upgraded, should enter into an understanding with Cochin Shipyard Limited for developing them into a good ship repairing facility.”
The respective ports and Cochin Shipyard would decide the modalities of development, he said. Pandu (river port) in Assam, Mumbai, ...
According to the Visakhapatnam Port Trust (VPT) authorities, modernization of port will be completed by 2019.
“The modernisation of VPT includes increasing container trade, doubling capacities of inner harbour, modernise berthing structures, setting up Multi-Modal parks, free trade zones, provision of clean cargo and improvement of rail and road connectivity inside the port,” said VPT Chairman MT Krishna Babu.
He added that “Once the modernisation project is complete, the port’s handling capacity can be augmented to 135 MT (million tonne) from the existing 98 MT.
The project is estimated to cost Rs 5,000 crore, but only 50% of th...
Cochin Port Day will be celebrated on Friday, May 26, 2017 in commemoration of the arrival of the first ship into Cochin Harbour.
The construction of the inner harbour from 1921 is deemed as the point of transformation of Cochin as a modern and safe port.
The first ship, SS Padma, entered the inner harbour through the widened and deepened Cochin Gut on May 26, 1928. To mark the occasion, a business meet will be held on May 26 from 2 pm to 3 pm at Samudrika Hall, in which the best-performing Port users will be honoured. Dr Alok Srivastava, IAS, Additional Secretary, Ministry of Shipping, will be the chief guest.
Pullela Nageswara Rao, Chief Commissioner ...
Essar Shipping Limited (ESL) has added a Panamax vessel of 74,005 Deadweight Tonnage (DWT) to its fleet of vessels. With this new induction, Essar Shipping now has a fleet of 14 ships that include VLCCs, Capesizes, Mini-capes, Panamaxes, Supramaxes and Handysize bulk carriers.
Essar Shipping’s total DWT capacity now stands at 1.6 million and its average fleet age has fallen to 12 years from 13.5 years.
This 2000-built Panamax bulk carrier has been rechristened MV Mahavir and will be deployed for transporting pellets, coal and limestone from Essar Steel’s pellet plant in Paradip to the steel plant in Hazira.
Commenting on the acquisition, Ran...
Nitin Gadkari, Union Minister of Shipping, Road Transport and Highways, presented two awards to Mumbai Port Trust (MPT) recently for achieving Best Improvement in Efficiency Parameters and for achieving 3rd position in the Swachh Bharat Abhiyan for 2016-17.
The awards were presented during the All Port Performance Review meeting held in Goa on May 19, 2017.
Sanjay Bhatia, Chairman, MPT, congratulated all the Port employees, officers, trustees as well as other stakeholders for their active contribution towards these accolades....