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Punj Lloyd wins orders worth INR 348 cr from Adani, MbPT 21 February 2017

Punj Lloyd has won deal orders worth INR 348 crore in its vertical, pipelines and tankage.

In a press release, the company said it has received Letters of Award from Adani for EPCC (design, engineering, construction and commissioning) of refrigerated double-wall storage tanks and mounded bullets for its LPG Terminal at Mundra.

It has received a contract from Mumbai Port Trust (MbPT) for installation of offshore/ onshore pipeline and terminal work for the ‘Fifth Oil (J5) Berth’ at Jawahar Dweep in Mumbai Harbour for a contract value of INR 209 crore.

The tankage contract from Adani entails EPCC of two double-walled refrigerated tanks of 25000...

Bahri signs contract to provide Logistics services to SAR 18 February 2017

Bahri signed a contract with Saudi Rail Company (SAR), for the provision of transportation and shipping services from around the world as well as customs clearance support through Bahri Logistics, one of the six business units of Bahri.

The agreement was signed by Khalid Abdulrahman Abanami, CFO and Designate EVP – Common Services, SAR, and Ahmed Mohammed Al-Ghaith, President of Bahri Logistics, in the presence of Wael Al-Sarhan, Vice President – Marketing and Communications, Bahri, Abdulrahman Alghamdi, Director of Procurement and Contracts, SAR and a number of senior executives representing both the entities.

As part of the agreement, Bahri Logistics...

Reliance shipyard in Pipavav to repair US Navy vessels 17 February 2017

Reliance Infrastructure Limited (RInfra)-controlled Reliance Defence and Engineering Limited (RDEL) has signed the Master Ship Repair Agreement (MSRA) with the US Navy.

Last month, the Reliance shipyard had been qualified by the US Navy as an approved contractor to perform complex repair and alternation services for its Seventh Fleet vessels operating in the region.

The shipyard, at Pipavav, is the first such yard in India to have received MSRA certification to undertake servicing and repairing works for the vessels of the Seventh Fleet. The fleet has about 100 vessels of different types, including auxiliaries.

...

Visakhapatnam Port handles 50.9 mt of cargo in 10 months 15 February 2017

The Visakhapatnam Port Trust (VPT) has handled 50.9 million tonnes (mt) of cargo between April and January 2016-17 as against 47.1 mt during the corresponding period of the previous year, thus registering a growth of 8.22%.

The major port is expecting to handle around 60 mt mark by the end of the fiscal, which may be the highest traffic in the last four years.

While VPT is still at the fifth position out of the 12 major ports in terms of cargo handled behind Kandla, Paradip, JNPT and Mumbai ports, the Vizag Port has seen cargo volumes increase mainly on account of iron ore, container traffic and other cargo. Iron ore cargo has almost doubled with VPT handling 9.1 ...

Chabahar Port expected to open in a month 15 February 2017

Afghanistan Consul General Mohammad Aman Amin recently said that the strategic Port of Chabahar in Iran which is being developed to build a transport-and-trade corridor through Afghanistan giving India an access to global markets is expected to be opened in a month's time.

Amin said that "The port is likely to open in a month's time and it will provide impetus to the trade between India and Afghanistan.”

The construction of this port assumes significance as it will allow bypassing the route through Pakistan for accessing markets in Europe and Central Asia and also save on time and cost of doing business. India in May 2016 signed the historic dea...

3 Modern Ports are coming up in North TN 13 February 2017

According to Official sources, 3 Modern Ports of which two of them for captive use of the industry are coming up in Northern Tamil Nadu (TN) which will spur industrial growth in the region besides providing steady flow of coal to the thermal plants.

The Puduchery Port is being revived with assistance from Chennai Port to handle container traffic in a limited way. Final touches are being given to setting up of a modern Trestle Jetty at Silambiamangalam about fifty kilometers South of Cuddalore to exclusively cater to the requirement of Cement major Ramco Industries.

The port will import coal for their cement plant and export cement to Eastern parts of the Country t...

CCI clears Maersk firm of anti-competition charges 13 February 2017

The Competition Commission of India (CCI) has decided that joint ventures or subsidiaries of Maersk-owned APM Terminals have not contravened provisions of competition law relating to abuse of dominant behaviour, as they are not in a dominant position.

The group’s companies include Gateway Terminals India Private Limited (GTIPL), APM Terminals Pipavav/ Gujarat Pipavav Port, APM Terminals Inland Services (Main), APM Terminals Inland Services (Annex) and APM Terminals Management B.V. At the JN Port in Navi Mumbai, GTIPL’s cargo traffic has been declining since 2014-15 when it stood at 45.16%; 45.06% in 2014-15 and 41.42% in 2015-16. Moreover, newer terminals have ei...

Longest container vessel berths at Haldia International Container Terminal, Haldia Dock Complex 10 February 2017

M.V. SSL Visakhapatnam, a coastal container vessel under the agency of Shreyas Shipping & Logistics Private Limited, berthed at Haldia International Container Terminal of Haldia Dock Complex at 23:45 hours on February 6, 2017.

The 193.03-metre vessel is the longest container carrier ever to call at HDC, said a release. It discharged 417 TEUs and loaded 530 Twenty Foot Equivalent Unit (TEU).

On the occasion, G. Senthilvel, Deputy Chairman, Haldia Dock Complex, thanked Shreyas Shipping and the Master of the vessel for calling Haldia Dock Complex.

It was emphasised that the vessel will focus on cargo movement through West Bengal and the North-Eastern s...

HMM ships makes Maiden call of CIX service at Mundra 08 February 2017

Hyundai Merchant Marine (HMM) vessel m.v. HYUNDAI CONFIDENCE under China India Express Service (CIX Service) berthed at Mundra Port on 3rd February 2017.

HMM have deployed 4 vessels of 5000 Twenty Foot Equivalent Unit (TEU) on the CIX Service with following port rotation : Mundra – Port Kelang – Singapore – Hong Kong – Da Chan Bay – Kwangyang – Busan – Shanghai – Ningbo – Shekou.

Hyundai is committed in meeting the various logistical needs of the trade by increasing its recognition and brand power in India. With this new service Hyundai is confident that customers will be immensely benefited from this service f...

GE Shipping reports Net profit of INR 238 crore during Q3 FY 2016-17 08 February 2017

Great Eastern (GE) Shipping reported a consolidated net profit at INR 238.36 crore for the December quarter of 2016.

The company had clocked INR 358.13 crore profit in the corresponding quarter of 2015-16.

Total income stood at INR 749.36 crore during the quarter under review while expenses declined to INR 362.72 crore.

The company’s shipping segment revenue declined to 569.37 crore during the quarter as against INR 583.18 crore in the year-ago period. Offshore revenue stood at INR 357.54 crore in the third quarter of the current fiscal.

Chairman KM Sheth said, during the quarter Great Eastern Shipping contracted to buy two Aframax Crud...

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