Page 8 - Ports

Cabinet approves development of container terminal at Deendayal Port

The Union Cabinet on Wednesday approved the project to develop the container terminal at Tuna-Tekra, Deendayal Port in Gujarat under the public private partnership mode. The estimated cost of Rs 4,243.64 crore will be on the part of the Concessionaire and an estimated cost of common user facilities of Rs 296.20 crore will be on the part of the concessioning authority toward development of common user facilities. Information and Broadcasting Minister Anurag Thakur said that during the concession period, the concessionaire will have the liberty to handle vessels up to 18 metre-draught by deepening/widening its approach channel, berth pocket and turning circle. Deendayal Port is one of the 12 major ports in India and is located on the west coast in the Gulf of Kutch in Gujarat. The project is proposed to be developed on BOT (Built Operate Transfer) basis by a private developer/ BOT operator to be selected through an international competitive bidding process. The concessionaire will

Strikes over wages by employees at major UK ports threaten supply chain

Further strikes are scheduled for late September at some of the UK's main container ports over pay disputes, and these industrial actions are expected to overstretch supply chains

SC provides relief to Adani Ports in connection with bidding process

Sector experts feel the court has cleared the air on an issue which saw multiple stands from high courts across the country

Sonowal's Iran visit could see extension of lease for Chabahar Port

The short-term lease agreement for using the Shaheed Behesti terminal typically sees a renewal tenure of one year on a rolling basis

South India ports log surge in traffic as ships skip crisis-hit Sri Lanka

Industry bodies said at least 10 per cent of normal cargo is being diverted from Sri Lanka to Indian ports due to multiple reasons like congestion and shortage in fuel availability

Cabinet pulls up infra ministries to expedite port connectivity projects

Cabinet Secretary Rajiv Gauba also asked the ministries to finalise a comprehensive action plan in coordination with DPIIT and integrate it with PM Gati-Shakti framework by Aug 15

Shipping Ministry looks to make govt ports competitive against pvt peers

Minister asks for plan to build mega ports by 2047, develop new technologies

Adani Ports moves SC as HC rejects plea against JNPA for disqualifying bid

The contract was for upgrading a container terminal in Navi Mumbai; Adani counsel urges top court to restrain JNPA from proceeding with other bids

Shortage of empty containers in Asia may get worse on Rotterdam jam

Empty container boxes crucial are getting stuck in the port of Rotterdam as a growing backlog of undelivered goods at Europe's export hub forces ocean carriers to prioritise shipments of filled boxes

Millions could starve due to Russia's blockade of Ukrainian ports: Zelensky

Millions of people may starve if the Russian blockade of the Black Sea continues," he said

Sagarmala project pipeline doubles to 1,537, cost rises to Rs 6.5 trillion

The ports ministry is currently working on a national perspective plan for development of 11 coastal economic zones (CEZ) across the country

Govt's Rs 7,000-cr port monetisation drive delayed on security clearance

The Ministry of Ports, Shipping and Waterways could award projects worth only Rs 1,000 crore in FY22, achieving barely 14% of the target

Envoy urges ASEAN, Australia, India to work for ocean health, smart ports

Speaking at the inaugural session, Australia's High Commissioner to India Barry O'Farrell also stressed the need to co-operate in the Indo-Pacific amid the rising multi-polar world scenario

Adani Ports buys Ocean Sparkle for Rs 1700 cr through Adani Harbour Svces

Ocean Sparkle is a leading player in towage, pilotage, and dredging with an asset base of 94 own vessels and 13 third-party-owned vessels

FY22 traffic at major ports grows 7%, five ports post highest ever tonnage

The 13 major ports handle over 95 per cent of the country's export-import cargo, with Navi Mumbai's JNPT accounting for over half the cargo volumes

Need to develop all-weather deep-water port in India, says Tharoor in LS

He said the development of ports in India is "important" as ships carry 90 per cent of the world's goods around the globe.

APSEZ cargo handling jumps 35% to 234.3 MT during April-December

Its ports, excluding Mundra, grew 74 per cent and contributed 52 per cent of the total cargo basket, APSEZ said in a filing to the BSE

Concerns over supplies after lockdown of largest port in China

The Chinese authorities announced a lockdown in the district of Beilun in Ningbo following the discovery of a Coronavirus case on Saturday

Adani Ports abandons plans to build container terminal in Myanmar

The company is expected to fully exit the investment in the strife-torn south Asian nation between March and June next year

Adani Ports second quarter net profit falls 30.5% to Rs 968.34 crore

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,393.69 crore in the same period a year earlier