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...
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...
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...
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 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...
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...
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...
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 ...
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 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...