The Mormugao Port Trust issued a letter of award (LoA) to Sterlite Ports Limited, a subsidiary of the Vedanta Group, on April 15, 2016, for the redevelopment of Berth Nos. 8 and 9, barge berths […]
L&T Geostructure has secured a contract worth Rs 1.15 billion for the construction of a roll-on roll-off (ro-ro)-cum-general cargo berth at Kamarajar port. The berth will span a length of 330 metres on the northwestern […]
The National Sagarmala Apex Committee approved the National Perspective Plan for the Sagarmala programme on April 9, 2016. A total of 150 projects involving port modernisation, connectivity, port-led industrialisation and coastal community development have been […]
According to the MoS, during financial year 2015-16, 94 mt of capacity was added at major ports through 34 capital investment projects. Of this, around 50 mt was added through improvements in port efficiency. Further, […]
Major ports in the country handled 606.4 mt of cargo traffic during fiscal year 2015-16, as against 581.3 mt during 2014-15, recording a growth of 4.3 per cent. However, the combined traffic at major ports […]
The Tamil Nadu government has reportedly given approval to Adani Ports and Special Economic Zone Limited (APSEZL) to acquire Kattupalli port from L&T Shipbuilding Limited (LTSB), a unit of Larsen &Toubro (L&T). The in-principle agreement […]
The board of the Jawaharlal Nehru Port Trust (JNPT) has approved the proposal for a dredging project in the channel between MbPT and JNPT. The project involves increasing the depth of the channel from the […]
The Expert Appraisal Committee (EAC) has deferred the decision on granting environmental clearance to the Mumbai Port Trust (MbPT) for the construction of the fifth oil berth at Jawahar Dweep in Mumbai Harbour. According to […]
The central government has notified that only accredited consultants will now be allowed to prepare environment impact assessment (EIA) reports and environment management plans (EMPs) for projects seeking green clearances. This directive has come after […]
The Central Board of Excise and Customs (CBEC) has introduced an integrated declaration system with effect from April 1, 2016. Under this system, all the information required by government agencies for issuing import clearances has […]
The consortium of JSW Infrastructure Limited and South West Port Limited has won the contract for mechanisation of the Eastern Quay (EQ)-1, EQ-2 and EQ-3 berths at the Paradip port. The project will be executed […]
The Central Electricity Regulatory Commission (CERC) has allowed Sasan Power Limited (SPL) to recover compensation of Rs 191.8 million, Rs 1,439 million and Rs 1,845.9 million for 2013-14, 2014-15 and 2015-16 (up to August 2015) […]
The construction of a multi-user liquid terminal at Cochin port has commenced. Construction of the terminal, capable of berthing vessels of 230 metre length and 13.5 metre draught, has been awarded to contractor RKEC Projects […]
Indian Bank has taken over 52.46 per cent equity stake in Karaikal Port Private Limited (KPPL) previously owned by Marg Limited. KPPL is a special purpose vehicle (SPV) incorporated for the implementation and operation of […]
The MoS has released the draft national perspective plan under the Sagar Mala project. A total of 150 projects involving port modernisation, connectivity, port-led industrialisation and coastal community development have been identified under the plan. […]
Further, the MoS has relaxed cabotage restrictions for ports which transship at least 50 per cent of the container traffic handled by them. With this relaxation, foreign vessels can also transport export-import (ex-im) laden and […]
The Union cabinet has approved a proposal by the Ministry of Shipping (MoS) for the provision and operationalisation of a $150 million line of credit from the Export Import Bank of India for the development […]
The MoS has released the draft national perspective plan under the Sagar Mala project. A total of 150 projects involving port modernisation, connectivity, port-led industrialisation and coastal community development have been identified under the plan. […]
The Union cabinet has approved a proposal by the Ministry of Shipping (MoS) for the provision and operationalisation of a $150 million line of credit from the Export Import Bank of India for the development […]
The Gujarat government announced the Ship Recycling Policy, 2015 on January 19, 2016. The policy has been framed by the state government and the Gujarat Maritime Board keeping in mind environmental and eco-friendly measures that […]
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