The Government has taken following steps to make investment in Port projects more attractive: 1. Upto 100% Foreign Direct Investment (FDI) under the automatic route is allowed for Port development projects; 2. Income tax incentives are allowed as per Income Tax Act, 1961.; 3. Bidding documents like Request for Qualification (RFQ), Request for Proposal (RFP) [...]
DP World is the winner of the prestigious Golden Peacock Award for Business Excellence for 2013 for its professionalism and quality operations across its five marine terminals in India. The annual award was presented at a ceremony in Dubai in recognition of DP World’s business practices in India. It marks the third year running that [...]
May 6, 2013 | Posted in
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Due to the proximity to international maritime routes, transshipment of EXIM containers used to take place largely in foreign Ports like Colombo, Dubai, Singapore, Salalah. To arrest this trend, the Government has developed an International Container Transshipment Terminal (ICTT) at Vallarpadam in Cochin Port which is operational from February, 2011. Three Major Ports i.e. Chennai, [...]
Based on the progress made in dredging at the International Container Transhipment Terminal at Vallarpadam, it has been decided to increase the maximum permissible draft available in the entire International Container Transhipment Terminal berth length of 600 meters to 14.50 meters, announced Cochin Port Trust. Turnaround of vessels more than 275 meters and drawing maximum [...]
58 port development projects in Public Private Partnership (PPP) mode have been awarded up to 31st March, 2013. Out of these 29 projects have been completed, 16 are at various stages of construction and the remaining 13 have been awarded during 2012-13. A list of 16 PPP projects which are under implementation/construction is given below: [...]
In the customary meeting with the Port Customers and other stakeholder the Chairman JNPT, Shri L. Radhakrishnan announced that the JN Port handled 64.50 million tonnes of total cargo during the financial year 2012-13 retaining its position as the top-most in India for solid cargo and improving its position from third to second in India [...]
The budget has a high focus on social sector, while nothing new has been done specifically to spur infrastructure spending. The mentioned schemes of take out financing and credit enhancement through IIFCL etc have already been in place. “The government has announced two new Major Ports, one at Sagar in West Bengal and one in [...]
Following is the text of the speech delivered by the Honourable Minister of Shipping, Shri G.K.Vasan at the meeting of the Consultative Committee attached to the Ministry of Shipping on April 15, 2013 in Mumbai. “I extend a very warm welcome to all of you to the city of Mumbai and also to this meeting [...]
An unexploded shell was found in Arabian Sea off Jawaharlal Nehru Port Trust (JNPT) coast during the dredging project, reports indianexpress.com. The discovery was made when a dredging vessel HAM-318 was engaged in dredging operations in the harbour when the unexploded projectile shell was found stuck to its drag head. “The ship informed harbour and [...]
The Ministry of Shipping is in the process of awarding contracts for 42 port projects, including the Chennai Mega Container Terminal, in the current fiscal. “Most of these projects are for capacity addition, deepening of channels and modernization,” said G.K.Vasan, Minister for Shipping. The Minister was speaking to media persons after the two-day Maritime States [...]
