Search results for: Essar Ports

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  • 14 November 2014
    Business & Finance

    Essar Ports Ltd. (Essar Ports), part of the Essar, today announced its unaudited results for the quarter ended September 2014. Here are some highlights of the consolidated results: 1. Revenue for the quarter increased by 1% at Rs. 435.3 crore as against Rs. 431.6 crore during previous quarter (Q1 FY15) and increased by 7% from […]

  • 15 May 2014
    Business & Finance, Equipment, Technology

    Essar Ports Ltd. today announced its audited results for the financial year 2013-14 and for quarter ended March 2014. Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd. said: “We have started receiving many pending approvals which will ensure early commissioning of our pending projects. With the Start of Operations in Vizag terminal and proposed Commissioning […]

  • 23 January 2014
    Business & Finance, Equipment, Technology

    Essar Ports Ltd. today announced its unaudited results for the quarter ended December 2013. Speaking on the key highlights for the quarter, Mr Rajiv Agarwal, Managing Director, Essar Ports Ltd. said: “Our financial results highlight the consistent performance we have shown over the past few years. In the coming quarters, we expect to handle higher […]

  • 18 December 2013
    Business & Finance, Equipment, Technology

    Essar Ports Ltd, part of the $39 billion Essar, announced that Essar Vizag Terminals Ltd., a wholly-owned subsidiary of the company, has entered into a concession agreement with Visakhapatnam Port Trust for development and operations of three iron ore berths at Visakhapatnam Port on BOT basis over a period of 30 years. These three berths […]

  • 31 October 2013
    Business & Finance

    Essar Ports Ltd., part of the Essar Group, today announced its unaudited results for the quarter ended September 2013. Speaking on the key highlights for the quarter, Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd. said: “Our performance is consistent with the growth targets we have set for ourselves and we are confident of delivering […]

  • 17 January 2013
    Business & Finance

    Essar Ports Ltd., part of the Essar Group, today announced its unaudited results for the quarter ended December 2012. Operational highlights: – The company commissioned the state of the art 16 MMTPA Dry Bulk Terminal at Paradip, with a fully mechanized ship loading system with a capacity of 5,000 tons per hour. It is one […]

  • 25 December 2012
    Business & Finance

    Essar Ports has offered a revenue share of 5.25 per cent for the Rs 3,700-crore mega container terminal project at Chennai port, slightly above the 5 per cent Adani Ports offered in the earlier bid, according to thehindubusinessline.com. A senior Chennai Port Trust (ChPT) official stated that Essar and Adani were the only bidders for […]

  • 24 December 2012

    Essar Ports Limited, one of the largest private sector port companies in India and part of the US$ 27 billion Essar Group, has announced the commissioning of its 16 million metric tons per annum (MMTPA) dry bulk terminal at Paradip, taking the aggregate handling capacity of Essar Ports Limited to 104 MMTPA. The project involved […]

  • 5 December 2012
    Business & Finance

    Ruia-owned port company Essar Ports has its hands full with expansion projects at its ports and is not looking for further expansion into new ones, its top executive said, adding that the company’s new iron-ore terminal in Orissa will be commissioned by the end of the month. “At the moment, we are not looking for […]

  • 21 September 2012

    Essar Ports today announced that it has refinanced its debt in a subsidiary Essar Bulk Terminal Limited Hazira through a takeout finance scheme of India Infrastructure Finance Company Limited (IIFCL). Essar Ports has availed the takeout finance scheme to reduce its interest rate by over two and half per cent on Rs 405 crore which […]

  • 30 May 2012

    Essar Ports Limited, one of the largest private sector port companies of India, today announced the creation of a long-term strategic alliance with Port of Antwerp International (“PAI”) and aninvestment of approx. Rs 175 croreby PAI in Essar Ports. PAI is the international investing arm of the Antwerp Port Authority, which is the port authority […]

  • 10 August 2010

    Essar Shipping Ports & Logistics has raised $280m by selling convertible bonds to its parent company, which will be used to acquire ships and expand ports. The parent company, Essar Shipping & Logistics, bought the five-year bond for $150m and another $130m for a seven-year security period. The company is also considering increasing investment in […]

  • 12 February 2020
    Business & Finance

    S.C. Ports Authority was awarded a nearly $20 million federal grant yesterday to assist with building vital infrastructure at Wando Welch Terminal in support of the Charleston Harbor Deepening Project. The U.S. Department of Transportation awarded the Port Infrastructure Development Grant for S.C. Ports’ Wando Welch Terminal Wharf Toe Wall and Berth Deepening Project. The […]

  • 7 October 2019
    Business & Finance

    Missouri Governor Michael Parson has joined the Missouri Soybean Association in support of dredging the lower Mississippi River and securing the federal funding necessary to capture that benefit for Missouri and other states connected to the Mississippi River and tributaries. “Missouri and other states that export products such as soybean and corn rely upon this […]

  • 20 June 2019
    Business & Finance

    The words ‘port infrastructure’ usually conjure up images of quay walls, breakwaters, roads and cranes. But some of the most critical infrastructure to port operations is below the water – berths and navigational channels maintained at safe depths, according to Mark Simmonds, British Ports Association’s Head of Policy and External Affairs. All UK harbor authorities, […]

  • 13 November 2018
    Business & Finance

    The Ukrainian Sea Ports Authority (USPA), one of the largest state enterprises, is working on some major dredging projects that will be total game-changers for the country’s ports. Over the next five years, USPA is planning to perform capital and maintenance dredging works in Ukrainian ports, canals and inland waterways with the volume of dredged […]

  • 19 October 2018
    Business & Finance

    The Delta-Pilot branch of SE ‘Ukrainian Sea Ports Authority’ announced a tender for the procurement of a new self-propelled dredger earlier this week. The vessel is necessary for the state enterprise to increase the capacity of its own fleet and conduct operational dredging works in the seaports of Ukraine, USPA said. Commenting the latest news, […]

  • 3 September 2018
    Business & Finance

    On Friday, September 7th, the Subcommittee on Water Resources and Environment will meet to receive testimony from the U.S. Army Corps of Engineers (USACE) on Chief’s Reports received from USACE, the U.S. House of Representatives said in its release.  Congressional review of these reports, along with an explanation of the process by which USACE develops its projects, […]

  • 9 May 2018
    Business & Finance

    Emergency dredging operations have been wrapped up in the ports of Barbate and Conil, south of Cadiz, Agencia Publica de Puertos de Andalucia (APPA) said in their latest release.  Commenting the recently completed project, APPA Managing Director, Mariela Fernandez-Bermejo, said that around 20,290 cubic meters of sand were removed from these areas, restoring the entrance channels of both ports and responding […]

  • 26 April 2018
    Business & Finance

    Texas Governor Greg Abbott has showed his support for the state’s water ports – including the Port of Corpus Christi – in a recent letter to Lt. Gen. Todd T. Semonite, Commanding General and Chief of Engineers for the U.S. Army Corps of Engineers (USACE). In the letter, Abbott urged the Corps to advance funding […]

  • 12 March 2018
    Business & Finance

    The U.S. House of Representatives said in their latest release that the Subcommittee on Water Resources and Environment will meet this week to receive testimony from the United States Army Corps of Engineers on Reports to Congress on Future Water Resources Development, and on Chief’s Reports.  Congressional review of these reports, along with an explanation […]

  • 19 January 2018
    Business & Finance

    It is expected that the Flinders Ports’ Outer Harbor Channel Widening Project will begin in Autumn 2018, avoiding dredging in summer when seagrass is more susceptible to damage from turbidity impacts, Flinders Ports said in their latest announcement. The project will involve removing 1.55 million cubic meters of material from the shipping channel and placing it […]

  • 25 December 2017
    Business & Finance

    One of South Australia’s largest port operators, the Flinders Ports has applied to the State Planning Commission to widen the existing shipping channel at the Outer Harbor, Adelaide. The project involves widening the Outer Harbor Channel by approximately 40 meters for a distance of 7 kilometers. This will require dredging approximately 1.55 million cubic meters of material […]

  • 24 October 2017
    Business & Finance

    The management of Nigerian Ports Authority (NPA) has expressed optimism that the long-awaited dredging of the Escravos Bar would begin in the following months, The Sun Nigeria informs. The Escravos Bar dredging program is part of measures being put in place to make the Warri Port commercially viable. Managing Director of the NPA, Ms Hadiza […]

  • 3 August 2017
    Business & Finance

    Orion Group Holdings Inc. today reported a net loss for the three months ended June 30, 2017, of $2.3 million ($0.08 diluted loss per share).  These results compare to a net loss of $0.8 million ($0.03 diluted loss per share) for the same period a year ago. “The second quarter was impacted by continued delays in our customers’ ability to obtain necessary […]

  • 18 July 2017
    Business & Finance

    Essar Bulk Terminal Ltd (EBTL), the operator of the Hazira Port Terminal facility, has signed an agreement with Gujarat Maritime Board (GMB) for expanding its captive jetty by 1100 meters.  The expanded berthing facility is expected to be ready by end-FY18, and will enhance the current capacity by 20 MTPA. This will not only help […]

  • 30 June 2017
    Business & Finance

    Senators Patty Murray and Maria Cantwell and Representative Dave Reichert yesterday introduced bipartisan, bicameral legislation to reform the outdated Harbor Maintenance Trust Fund (HMTF). The Harbor Maintenance Trust Fund Reform Act of 2017 would make sure all of the money collected through the Harbor Maintenance Tax (HMT) each year is returned directly to ports in order to […]

  • 26 April 2017
    Business & Finance

    The Folkestone seafront site has seen a buzz of activity recently with the GRAHAM Construction Civil Engineering team continuing to make excellent progress with the dredging and level raising well underway. The company reported recently that the project team has adopted an innovative approach in relation to beach nourishment. “The necessary materials are being extracted […]

  • 11 October 2016
    Business & Finance

    YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industries (MITI), recently visited Westports and was briefed on the progress of the latest container terminal expansion program. The Container Terminal 8 (CT8) expansion is being undertaken in two phases and the construction work of Phase 1, which started in January 2015, has now been completed. The first 300-meter […]