The USD 6-billion Shapoorji Pallonji Group, which has acquired a controlling stake in Gopalpur Port off the coast of Southern Odisha, has pledged an investment of INR 2,000 crore to ramp up the port's cargo volumes.
The port's cargo handling capacity is envisaged to be raised to 20 million tonnes per annum (mtpa) in the first phase, said a source close to the development.
The port will achieve this planned cargo growth by 2020. Two new berths would be added in this expansion.
The berths are being designed to handle bulk commodities — iron ore, coal, cement, steel and limestone.
The proposed investments to be financed through the...
India’s 12 Major Ports posted a combined net surplus of INR 2,819.74 crore in FY17 on income of INR 11,894.56 crore from handling 647.63 million tonnes (mt) of cargo.
Since the Modi Government assumed power in May 2014, the Shipping Ministry led by Nitin Gadkari has taken several initiatives resulting in the dozen ports increasing their operating surplus from INR 2,519 crore in FY14 to INR 3,599 crore in FY15, INR 4,309 crore in FY16 and INR 4,919 crore in FY17.
The net surplus of the 12 ports jumped from INR 1,026 crore in FY14 to INR 1,805 crore in FY15, INR 1,977 crore in FY16 and INR 2,820 in FY17....
DP World Limited handled 34 million Twenty Foot Equivalent Unit (TEU) across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2% year-on-year on a reported basis and 7.7% on a like-for-like basis, with second quarter growth rates accelerating to 10.7% year-on-year on a reported basis and 10.4% on a like-for-like basis, ahead of Drewry Maritime’s upgraded industry estimate of 4% throughput growth in 2017.
The first half of 2017 witnessed an improvement in global trade and all three DP World regions saw growth rates accelerate in the second quarter of 2017, particularly its terminals in Europe and the Americ...
Union Minister Mansukh Mandaviya has said, Bangladesh and India have signed a Memorandum of Understanding (MoU) to connect the North-East and West Bengal with Bangladesh through new waterways.
"The new waterways would enable transportation of people and goods by ships. They would be set up by using the major rivers of Bangladesh, West Bengal and the Brahmaputra in Assam," the Union Minister of State for Road Transport, Highways and Shipping said recently.
He added that the rivers would have to be dredged and both the countries would do the work in their respective rivers. Mandaviya said that the new project would be operational this year itself and would...
Concerned about new ports eating into the profitability and business of India's 12 major ports, a parliamentary panel has recommended that no new port be allowed in 100 km vicinity of top ports without a nod from board.
The recommendation assumes significance in the wake of 12 major ports losing about 33% market share to non-major and private ports.
Parliamentary Standing Committee on Transport said in its latest report, "New ports are coming up in the vicinity of major ports affecting their business and profitability. The committee therefore recommends that no new ports be established in the 100 km vicinity of existing major ports without the permission ...
Shreyas Shipping & Logistics has recently informed that the company has signed a Memorandum of Agreement (MOA) for acquisition of one Multi-Purpose Vessel of about 1100 Twenty Foot Equivalent Unit (TEU).
The delivery of ship is expected in first week of September 2017 according to the Company’s BSE filing. Shreyas Shipping & Logistics is a part of Transworld Group of Companies, which was established in 1977 by R. Sivaswamy. Commencing operations as a shipping agency in erstwhile Bombay, the group has now diversified into a multi-faceted Shipping and Logistics conglomerate.
The activities of the group include: Ship Owning (Container & Bulk Carrier...
The Cochin Shipyard Limited (CSL) has embarked upon two major infrastructure expansion projects - International Ship Repair Facility at a cost of INR 970 crore and construction of new Dry Dock with a cost of INR 1799 crore.
In order to finance these projects it has proposed to issue Initial Public Offer (IPO).
The entire proceeds of the funds raised through IPOs will be used for partial funding of the projects.
This information was given by Minster of State for Shipping and Road Transport and Highways, Shri Mansukh L. Mandaviya in the Rajya Sabha....
Kakinada Container Terminal achieved a significant milestone with the sailing of M.V. SENTOSA STAR V.1710E from Kakinada Port on July 11, 2017.
The throughput achieved for this vessel was a record 1,018 Twenty Foot Equivalent Unit (TEU).
The vessel, which had berthed at 0045 hours on July 10, sailed from the port at 1745 hours on July 11, after an operation encompassing 500 import containers, 374 export boxes, 144 restows and hatch cover moves.
The vessel had sailed in from Colombo to discharge boxes and proceeded to Yangon with shipments of sugar from Kakinada.
All the boxes handled were of BLPL Line. The operational team completed the plann...
Essar Bulk Terminal Limited, a special purpose vehicle (SPV) set up under Essar Ports Limited, is looking to a sharp increase in cargo handling at its Hazira port terminal following the company's focus on third-party cargo. In 2016-17, the company registered total cargo handling at Hazira port at 18 million tonnes (mt), which it expects to increase to about 28-29 mt by March 2018.
The company has also signed an agreement with the Gujarat Maritime Board (GMB), the state ports regulator, for expanding its captive jetty by 1,100 meters from the existing 550 meters.
The expanded berthing facility is expected to be ready by the end of fiscal 2018, and will enhance ...
Kandla Port Trust (KPT) has awarded Van Oord the contract to keep the approach channel to the Port up to depth for the next three years.
The approach channel is a crucial gateway to Kandla Port, the country’s leading Major Port.
The dredging activities will commence this month, said a release.
Ton van der Burg, South West Asia Area Manager said that "We are very happy to win this project after having successfully completed several other projects in the Kandla area. We are looking forward to being of service to our client again.”
Trailing suction hopper dredgers Volvox Delta and Volvox Asia will be deployed to maintain the cha...