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Pvt ports set to overtake govt-run majors19-NOV-09
Central government-owned ports such as Kandla and Visakhapatnam might be the top two in the pecking order in terms of bulk cargo that they handle. But they might soon be overtaken by the new private upstarts, which have set up ports in Mundra and Pipavav (in Gujarat) and Gangavaram (Andhra Pradesh) and are growing at a rapid pace.
Ports to set up wind mills19-NOV-09
The two major ports in Chennai and Tuticorin are planning to set up wind mills to cater their power requirements. The two ports are planning to invest around Rs 82 crore.
Concor plans to take on pvt firms08-NOV-09
Plans to expand container depots, take up stakes in ports.
Commerce ministry seeks better ports for Asean FTA05-NOV-09
The ministry for commerce and industry may approach the shipping ministry for improving the operations at ports on the eastern coast of the country with an eye on improving trading infrastructure before the Asean free trade agreement (FTA) comes into force in January 2010. Presently, Asean is a 10-nation Southeast Asian organisation to promote trade and culture, among others.
Ore prices up 11% on hopes of revival23-OCT-09
Despite uncertainty in the steel market due to poor demand for long products, iron ore prices have moved up 11 per cent in a month.The prices gained on hopes of revival in construction projects that were hit because of last year’s global economic recession.
Michael Pinto: Hub ports and cabotage16-OCT-09
Not having a hub port in the country has always rankled. Every plan document makes the customary noises about developing hub ports on each coast of the country and our failure to do a Singapore, Hong Kong or even a Colombo has been the subject of much lamentation among think tanks and conferences on port development.
Tamil Nadu ports plan wind farms15-OCT-09
Two major ports in Tamil Nadu are planning to set up captive wind farms at a combined investment of around Rs 82 crore.
Strict time limit on sugar, pulses storage at ports11-SEP-09
In a recent measure to prevent hoarding of essential commodities, the government has told all importers of sugar and pulses to empty the godowns at all ports within three days of receiving imports at any of them.
GPL confident of converting minor port into deep water one10-SEP-09
Hoping to bag environmental clearance by this month end, Gopalpur Ports Ltd (GPL) is confident of converting the minor port in south Orissa into an all weather deep water one within 24 months, two years ahead of the stipulated timeframe.
Vasan calls meet to allay port strike threat08-SEP-09
With more than 60,000 and dock workers across the 12 major ports in the country threatening to go on an indefinite strike from September 15, Union Shipping Minister G K Vasan has called a meeting tomorrow to resolve the impasse between port federations and managements. The federations, however, are skeptical of a resolution.
'Govt to electronically connect 70 ports by 2010-end'30-AUG-09
The government will electronically connect a total of 70 ports in the country by the end of next year, a move that will help embattled exporters to reduce transaction costs.
Essar-led group wins Rs 479-cr Paradip Port project26-AUG-09
Keen on expediting capacity expansion of the major ports in the country, the government has awarded a Rs 479-crore project for construction of a coal berth at the Paradip port.
Small ports may come under central regulator16-AUG-09
The shipping ministry is considering bringing the 200 non-major ports in the country under the purview of the Major Ports Regulatory Authority Act, 2009, (MPRAA).
Regulatory purgatory14-AUG-09
The Central Bureau of Investigation’s probe into the favours allegedly shown to the Nhava Sheva International Container Terminal (NSICT) by the shipping ministry as well as the shipping regulator has come after unconscionable delay. The issues that the CBI is going to probe in the NSICT case — interference by the parent ministry and favouritism/laxity of the regulatory process — apply to other sectors as well. The government should use this opportunity to review and clean up the regulatory process in the different sectors.
Cargo traffic at major ports to grow at 5.2%: CMIE12-AUG-09
The growth will come on the back of an expected increase in domestic demand and trade in the second half of the current fiscal, CMIE said in its latest report on the state of the Indian economy.
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