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...
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....
According to port chairman M.T Krishna Babu, Visakhapatnam port has been adjudged the second cleanest in the country by the Union Shipping Ministry.
He said that the Quality Council of India, an independent agency set up by the Department of Industrial Policy and Promotion (Ministry of Commerce) with the involvement of Assocham, CII and FICCI, was appointed to conduct the study under Swachh Bharat Abhiyan.
In the rankings Haldia Dock emerged as the No. 1 and Visakhapatnam Port No. 2 among the major ports in India in maintaining cleanliness. Haldia scored 30 marks more than Visakhapatnam Port.
Krishna Babu, who returned here after receiving the award in ...
V.O. Chidambaranar (VOC) Port is all set for a four-fold increase in the capacity of two of its Coal Jetties – Jetty I and II from 6.25 MTPA to 24 MTPA.
The VOCP Trust signed a Memorandum of Understanding (MoU) with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the upgradation of Coal Jetty I and II in New Delhi.
The Minister of Shipping and Road Transport and Highways Nitin Gadkari and Minister for Electricity, Prohibition and Excise, Government of Tamil Nadu P. Thangamani were present on the occasion. Speaking on the occasion, Gadkari said that the project would benefit both TANGEDCO and the VOCPT. It would make coal handling by...
The Prime Minister (PM), Narendra Modi, is expected to inaugurate/lay the foundation stone/participate in the award of a slew of projects pertaining to Kandla Port during his visit to Gandhidham/Kandla Port Complex on May 23, 2017, as part of his day long visit to Gujarat.
The Port-related projects are the Smart Industrial Port City (SIPC), Kandla International Container Terminal (KICT), 6 MW and 16 MW wind energy projects, mechanisation of fertiliser handling, two mobile harbour cranes, railway overbridge, and the 14th and 16th berths which will be developed by KPT from its own resources.
Another project that the Prime Minister will launch is the PM Aawas Yojana,...
Gujarat Pipavav Port today reported a 28.1% jump in standalone net profit at INR 66.19 crore for the fourth quarter ended March 2017.
It said in a filing to the BSE, the company had clocked a net profit of INR 51.67 crore in the corresponding period a year-ago. Its total income from operations rose to INR 174.57 crore during the January-March quarter as against INR 160.98 crore in the year-ago period.
The company’s total expenses, however, remained unchanged at INR 85.84 crore.
For the entire year, the company’s profit grew 30% to INR 249.91 crore as against INR 191.18 crore in 2015-16....
Boosted by a surge in demand, India’s 12 major ports saw cargo volume increase by 6.27% to 55.75 million tonnes (MT) in April, the first month of the current fiscal.
These top ports under the centre had handled 52.46 MT cargo in April 2016.
Increased demand from sectors like iron ore, coking coal and box traffic resulted in higher movement of cargo last month to 55.75 MT, as per the Indian Ports Association.
Iron ore traffic volumes were up 40% to 5.37 MT during the month as against 3.82 MT in April 2016 while coking coal volumes surged by 15% to 4.61 MT.
Container traffic was up 9.78% to 7 lakh TEU (twenty food equivalent units) while ...
Titagarh Wagons announced its foray into ship-building business beginning with the construction of four ships worth INR 175 crore.
Going forward, the company plans to focus on defence and specialised ships, Titagarh Wagons (TWL) executive chairman J P Chowdhary said.
Chowdhary further said efforts are on to ramp up capacity so that the company can take up construction of 12 ships simultaneously. The company aims to make its Titagarh facility a dedicated shipyard.
He added that "Since Titagarh in North 24 Parganas can build only 100 meter long ships, we are planning to develop another shipbuilding facility at Kulpi in West Bengal's South 24 Parg...