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|  Kochi port to offer special facilities to handle cotton export trade  |    |  Railways to set up INR 200 cr solar power plant in Bhilai  |    |  Cargo traffic in five AP minor ports sinks  |    |  Railways eyes INR 10,000 crore revenue boost via 2 lakh screens at stations  |    |  Port of Virginia container traffic jump 8.9% 232,148 TEU in March  |    |  Asia-Europe rate continues weekly rise, up 1.6% to USD880 TEU  |    |  World Bank approves USD 375 m loan for developing NW-1  |    |  Satellite port will come up at Vijaydurg  |    |  Embraer ties up with Air India to set up MRO in Secunderabad  |    |  Riga quarterly container traffic increases 2.1% to 110,400 TEU  |    |  NDR group in tie-up for ICD  |    |  Konkan Railway to start special trains  |    |  Ashok Leyland plans INR 600 cr capex this fiscal  |    |  TM International Logistics gets nod to acquire special wagons  |    |  Adani Logistics commissions multimodal logistics park in Punjab  |    |  Yogi Adityanath govt. pushes for new airport in NCR  |    |  India steel import falls 36% to 7.4 mt in 2016-17  |    |  Hapag-Lloyd ups rates USD 200 TEU from South America to North America  |    |  South Eastern Railway achieves highest ever freight loading during the financial year 2016-17  |    |  CMA CGM hikes Asia to west coast Latin America rate USD 600 TEU May 15  |   
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Cargo traffic in five AP minor ports sinks 25 April 2017

Cargo traffic at the five minor ports in Andhra Pradesh (AP) combined has witnessed a decline during 2016-17 as compared to the previous fiscal owing to various factors including an overall downturn in global shipping trade.

The five minor ports of AP handled around 69.6 million tonnes (mt) of cargo during 2016-17 as compared to 72.7 mt in 2015-16, thus recording a decline of around 4% in the state.

As per data provided by the AP ports department, four out of the five minor ports showed a decline in cargo traffic during the 2016-17 fiscal.

Cargo traffic at the five minor ports in AP combined has witnessed a decline during 2016-17 as compared to the prev...

Kochi port to offer special facilities to handle cotton export trade 25 April 2017

The Cochin Port Trust (ChPT) proposes to offer special facilities to handle cotton in a bid to attract a part of this exim cargo now being handled at the neighbouring Colombo port.

The idea is to make Kochi as the hub for cotton trade, said P Raveendran, who took over as the Chairman of the port recently.

He said that “We have approached the Southern India Mills Association, Coimbatore, offering dedicated facilities to import, store and re-export cotton at the ICTT at Vallarpadam.” Preliminary talks with shippers are encouraging.

The Customs bonded area and SEZ status of Vallarpadam terminal offer advantage to the cotton trade, he said. Righ...

World Bank approves USD 375 m loan for developing NW-1 24 April 2017

The World Bank is an international financial institution, has approved a USD 375-million loan for capacity augmentation of National Waterway (NW)-1 (River Ganga) under Jal Marg Vikas Project (JMVP).

The government is developing NW-1 under JMVP from Haldia to Varanasi (1,390 km) with the technical and financial assistance of the World Bank at an estimated cost of INR 5,369 crore.

The project would enable commercial navigation of vessels with capacity of 1,500-2,000 DWT.

Under the project, there will be three multimodal terminals, one each at Varanasi (Uttar Pradesh), Sahibganj (Jharkhand) and Haldia (West Bengal), two intermodal terminals, at Kalughat an...

Satellite port will come up at Vijaydurg 24 April 2017

An official has said, a satellite port will come up at Vijaydurg in Sindhudurg district of Maharashtra.

The facility will be built under the Centre’s Integrated Port Development Scheme, Mormugao Port Trust (MPT) Chairman I Jeyakumar told reporters here on Saturday.

He said that the Jawaharlal Nehru Port Trust and the Maharashtra Maritime Board are also working together on a plan to develop the new port.


V. O. Chidambaranar Port creates new record in single-day handling 20 April 2017

V. O. Chidambaranar Port Trust has created a new record by handling 1,61,935 tonnes of cargo in a single day on April 15, 2017, surpassing the previous single day record of 1,61,108 tonnes achieved on August 10, 2015.

The major cargoes that contributed to this feat were industrial coal, thermal coal, wheat, fertiliser, limestone and containerised cargo. This comes on the heels of the Port achieving an all-time high throughput of 38.46 million tonnes in 2016-17, up 4.38% over the previous fiscal.

S. Anantha Chandra Bose, Chairman of VOC Port, thanked all the stakeholders, officers and employees of the Port for contributing towards this record, and stressed that the...

State Govt. set to revive 10 Minor Port projects 19 April 2017

The Odisha Government is set to renew the concession agreements (CA) as well as expedite the land acquisition process for 10 Minor Ports along its coast.

State Commerce Minister Ramesh Majhi said, “As the Orissa High Court has disposed of the case pertaining to the Non-Major Port projects, we have initiated the process of renewal of the concession agreements.”

He also said the land acquisition process is in full swing for several port projects.

The Odisha Government had proposed to set up 13 Minor Ports along its 480-km-long coastline. Of these, only two -Dhamra and Gopalpur -are functional, one has been abandoned due to environmental concer...

HSL achieves INR 625-cr turnover in 2016-17 19 April 2017

According to Chairman and Managing Director L.V Sarat Babu, Hindustan Shipyard Limited (HSL) here has achieved the highest turnover of INR 625 crore (provisional) during the financial year 2016-17 as against INR 593 crore in the previous year (2015-16).

Reviewing the performance of HSL here on Tuesday, he said that the shipyard had turned a new leaf and had improved its efficiency in all parameters during the past two years or so.

He said that "We earned net profit of INR 19 crore in 2015-16 and INR 30 crore in 2016-17 and operating profit of INR 15 crore in 2016-17 after a gap of 35 years.”

The CMD said the negative net worth had been reduce...

Govt. awards 49 port projects worth INR 8,341 cr in FY17 18 April 2017

The government awarded 49 port projects with an investment of INR 8,341 crore in the previous fiscal, which will result in capacity addition of 104 mt.

This was against a target of 102 million tonnes per annum (MTPA) capacity augmentation.

Shipping, Road Transport and Highways Minister Nitin Gadkari said that “In respect of development of port infrastructure, 49 projects have been awarded with a capacity of 103.52 MTPA against a target of 102 MTPA with an investment of INR 8,341.12 crore during the last fiscal.”

He said concerted efforts to improve port infrastructure have resulted in the highest ever capacity addition of 100.59 mt in major ...

Cargo growth touches 13.16% at Kochi port 17 April 2017

Kochi is among the major ports in the country that have put up a commendable performance during the last financial year with a cargo growth rate of more than 13% compared to the national average growth of nearly 7%.

The Kochi port also did well in improving business. The port recorded an operating surplus of more than INR 127 crore during the last financial year compared to the operating surplus of nearly INR 71 core during the previous financial year.

The port made a total operating income of INR 496.15 crore during the last year compared to INR 437 crore during the previous financial year.

According to data available with the Indian Ports Association,...

APM Terminals Pipavav handles 100,000 Automobiles 17 April 2017

APM Terminals Pipavav has reached a milestone of 100,000 automobiles handled at the port’s Roll On-Roll Off (Ro/Ro) facility, 20 months after commencing auto-loading and discharging operations. Ro/Ro services were introduced at the port in August 2015, after NYK Auto Logistics India (NALI) invested in a state-of-the art stock yard and pre-delivery inspection facility.

APM Terminals Managing Director Keld Pedersen said that “With the Indian Government’s “Make in India”initiative, we have seen a surge in automotive manufacturing investment in the Sanand, Hansalpur and Vithalapur belt in Gujarat and our modern and efficient Ro / Ro facility can pla...

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