Search results for: Major Ports

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  • 24 September 2015
    Business & Finance

    The government of India will further focus on modernization of the country’s Major Ports after recent initiatives resulted in increased cargo volumes and revenue, Union Minister of Shipping, Road Transport & Highways Shri Nitin Gadkari announced at a press conference in New Delhi on September 23. The profit margins of Major Ports declined from 43% to 28% […]

  • 24 September 2015
    Business & Finance

    The government of India will further focus on modernization of the country’s Major Ports after recent initiatives resulted in increased cargo volumes and revenue, Union Minister of Shipping, Road Transport & Highways Shri Nitin Gadkari announced at a press conference in New Delhi on September 23. The profit margins of Major Ports declined from 43% to 28% […]

  • 11 August 2016
    Business & Finance

    The average growth of India’s twelve Major Ports during the three-month period ended June 30, 2016 stood at 5.28 percent, while the ports handled a total of 212.78 million tons in the quarter, against 202.11 million tons seen during the corresponding period in 2015. India’s ports of Paradip, Visakhapatnam, V.O. Chidambaranar, Cochin, Mormugao and Kandla registered positive growth, while the other […]

  • 8 February 2018
    Business & Finance

    Major ports in India handled 560.9 million tonnes of cargo during the period April 2017 to January, 2018.

  • 20 October 2016
    Business & Finance

    The cargo volumes at India’s Major Ports increased by 5.2 percent during the first half of the fiscal year 2016-17 as the country’s ports handled a total of 315.4 million tonnes of cargo in the period from April to September 2016. The rise in cargo traffic from 299.5 million tonnes, handled by the ports during the same […]

  • 18 May 2018
    Business & Finance

    UKMPG: Developments in digital and augmentation/automation areas to transform competitiveness at UK ports.

  • 13 March 2015

    India has approved a new scheme to support the country’s so-called major ports in developing the infrastructure needed for improved coastal shipping, the Minister of State for Shipping Shri Pon Radhakrishnan said. Financial assistance is given under the new central sector scheme in the form of grant-in-aid for construction/upgrading of coastal berths, and capital dredging for the deepening of […]

  • 21 September 2016
    Business & Finance

    In an effort to promote its shipping industry, the Indian Ministry of Shipping has decided to offer a discount for coastal transportation of vehicles via Roll-on/roll-off ships at India’s major ports. Namely, the ministry said that all major ports will provide a discount of 80 percent for two years on Vessel Related Charges (VRC) & Coastal Related Charges (CRC). This discount is […]

  • 7 July 2016

    India’s Union Council of Minister has given its ‘in-principle’ approval for setting up a major port at Enayam near Colachel in Tamil Nadu. According to the information provided by the Indian government, a Special Purpose Vehicle (SPV) will be formed for development of this port with initial equity investment from the three major ports in Tamil […]

  • 1 February 2017
    Business & Finance

    India has started the process of setting-up renewable energy projects at its twelve major ports by investing INR 7.04 billion (USD 104.5 million) as part of the country’s Green Port Initiative. In an effort to switch to renewable sources of energy to power the country’s major ports, the Ministry of Shipping informed that it plans to set up 91.50 MW […]

  • 12 September 2017
    Business & Finance

    India’s Cochin Port recorded the highest cargo traffic growth during the period from April to August 2017, when compared to other major ports in the country. Namely, the port was the top one of seven major Indian ports which registered positive growth in traffic over the period, as its volumes surged by 19.99% compared to April-August volumes […]

  • 21 May 2012

    As per the Working Group Report for 12th Plan for the Port Sector, Traffic to be handled by Major Ports is estimated at 943.06 million tonnes and at 815.20 million tonnes by Non-Major Ports as against present level of 560.15 million tonnes handled by Major Ports and about 370.00 million tonnes handled by Non-Major Ports. […]

  • 27 March 2009

    Skanska has concluded an agreement with the City of Malmö to construct a major port facility in Norra Hamnen (North Harbor) in Malmö for the Copenhagen Malmö Port AB (CMP) port company. The contract amounts to SEK 840 M, which is included in order bookings for the first quarter of 2009. The project comprises two […]

  • 15 December 2016
    Business & Finance

    India has approved the proposal of Ministry of Shipping to replace the Major Port Trusts Act, 1963 with the Major Port Authorities Bill, 2016. The proposed bill is expected to enable India’s Major Ports to perform with greater efficiency on account of full autonomy in decision making and by modernizing the institutional structure of the ports. The […]

  • 26 October 2009

    Qingdao Port, the seventh-largest port in the world, is gearing up to make itself the international freight center of Northeast Asia, constructing a series of new docks and developing a newly approved bonded area. “Actually, we are building another Qingdao Port,” said Tian Guangwen, vice president of Qingdao Port (Group) Co Ltd, referring to the […]

  • 23 August 2016
    Business & Finance

    India’s container port Jawaharlal Nehru Port Trust has finalized the terms of external commercial borrowing in an effort to cater to the increase in traffic, according to the Indian government. As part of the country’s port-led development programme, the port signed an agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for external commercial […]

  • 13 September 2013

    Djibouti President, Ismail Omar Guelleh, officially launched the construction of the Damerjog livestock port in Arta district and the multipurpose Doraleh port last week. The Somali Prime Minister, Abdi Farah Shirdon who was on an official visit to Djibouti, the former chief executive officer of Dubai’s DP World, Sultan Ahmed Bin Sulayem, and representatives from […]

  • 28 September 2010

    India is looking at investing about $ 20.8 billion in 276 projects which are part of the government’s endeavour to expand 13 major ports in … (economictimes) [mappress] Source: economictimes, September 29, 2010;

  • 15 March 2012

    Union Minister of Shipping, Shri G.K. Vasan informed the Rajya Sabha today in a written reply to a question that the expansion of capacity in terms of development of terminals, berths etc. in Major Ports in the country is done predominantly on Public Private Partnership (PPP) mode with investments from private sector. The funds are […]

  • 9 September 2013

    Kandla Port Trust (KPT) has a prominent winner at the prestigious Maritime and Logistics Awards (MALA) – 2013, organized by Exim India, on the evening of Friday the 6th September 2013, consequently fourth time in a row. The Kandla Port has adjudged the Major Port of the Year over the other Indian Major Ports. The […]

  • 16 August 2012

      The government will soon finalise the modalities for two new Major Ports in Andhra Pradesh and West Bengal, according to Exim India. These new ports will help in creating a target capacity of 244 million tonne through 42 projects, which will cost R14,500 crore in 2012-13. A plan for 2012-13 also includes awarding a […]

  • 12 June 2017
    Business & Finance

    The rate of import growth at US major retail container ports has begun to slow, but volume should nonetheless hit an all-time high by the end of the summer, the National Retail Federation and Hackett Associates informed. “Year-over-year comparisons are slowing down but that’s largely because we had some unusual numbers early this year and strong […]