The MoS has directed all major ports to implement the radio frequency identification (RFID) system at the ports by March 31, 2017. The implementation of the RFID system at major ports will eliminate the manual […]
The MoS inaugurated the Sagarmala Development Company (SDC) on December 26, 2016. The Union cabinet had approved the incorporation of the SDC under the Companies Act, 2013 in July 2016. The SDC will have an […]
The Union cabinet has approved the Ministry of Shipping’s (MoS) proposal to replace the Major Port Trusts Act, 1963 by the Major Port Authorities Bill, 2016. The new bill has been framed keeping in view […]
The Inland Waterways Authority of India (IWAI) has awarded the contract for the construction of a multimodal inland water transport terminal at Sahibganj, Jharkhand, to Larsen & Toubro (L&T). The terminal will have a cargo […]
The Mumbai Port Trust laid the foundation stone for the fifth oil berth at Jawahar Dweep in Mumbai Harbour on November 7, 2016. The project, entailing an investment of Rs 8.11 billion, will have a […]
The Tariff Authority for Major Ports (TAMP) has allowed India Gateway Terminal Private Limited (IGTPL) to hike tariffs at the Kochi International Container Transhipment Terminal, Vallarpadam, with effect from November 13, 2016. TAMP has permitted […]
The task force constituted by the MoS to study the present level of information technology (IT) adoption at ports and suggest measures to modernise the entire system has submitted its report to the ministry. The […]
The Ministry of Shipping (MoS) has sanctioned a capital dredging project for roll-on roll-off (ro-ro) passenger ferry services between Gogha and Dahej, in the Gulf of Khambhat, Gujarat. The total project cost is estimated to […]
The Visakhapatnam Port Trust (VPT) has granted approval to extend the concession in port dues and pilotage charges to container vessels berthed at the Visakha Container Terminal. A concession of 35 per cent will be […]
Vedanta Limited has signed a concession agreement for the redevelopment of barge berths and berth nos. 8 and 9 at Mormugao port at an estimated cost of Rs 11.45 billion. The company received the letter […]
The Directorate General of Shipping (DGS) has extended the date for the electronic submission of verified gross mass (VGM) from September 30, 2016 to November 30, 2016. In November 2014, the International Maritime Organization approved […]
The MoS has ordered all major ports to provide a discount of 80 per cent for two years on vessel-related charges and coastal-related charges for coastal transportation of vehicles through roll-on, roll-off (ro-ro) ships. The […]
The central government has given in-principle approval to a Rs 5.15 billion grant for the development of Sagar port in West Bengal. The grant has been given to make the project financially viable. A special […]
The Ministry of Shipping (MoS) has proposed a new model concession agreement (MCA) for the port sector to replace the present MCA, which came into existence in January 2008. The proposed MCA has taken into […]
The Mumbai Port Trust (MbPT) has permitted the berthing of dry bulk cargo vessels at the offshore container terminal (OCT) at the port on a trial basis. The two vessels that were allowed to berth […]
The foundation stone for the Varanasi multimodal inland water transport terminal (Phase I) was laid on August 12, 2016. The terminal is being developed by Afcons Infrastructure Limited at an estimated cost of Rs 1.7 […]
The CCEA has given its approval for the waiver of penal interest on government loans worth Rs 8.97 billion availed of by the Cochin Port Trust (CPT). The CCEA also gave its approval to freeze […]
The Cabinet Committee on Economic Affairs (CCEA) granted approval for the redevelopment of Berth Nos. 8 and 9 and barge berths at Mormugao port on August 31, 2016. The project, estimated to cost Rs 1.14 […]
The MoS has formulated a revised central sector scheme to provide financial support to major ports, non-major ports and state governments for the creation of infrastructure for cargo and passenger movement by waterways. Financial assistance […]
The Sagarmala Development Company (SDC) has been incorporated under the Companies Act, 2013. The company will have an authorised share capital of Rs 10 billion and a subscribed share capital of Rs 900 million. Earlier, […]
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