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  • 26 March 2013
    Business & Finance

    In a major milestone, DP World’s Vallarpadam terminal today received its first transhipment mainline service, becoming India’s first and only transhipment hub. This follows the Indian government waiving cabotage regulations for the terminal, which until now have prevented mainline services transhipping at Vallarpadam, instead making lines transfer to local carriers. The International Container Transhipment Terminal […]

  • 25 March 2013
    Business & Finance

    The upgraded infrastructure at Cochin Fisheries Harbour has been inaugurated by Prof.K.V.Thomas, Hon’ble Union Minister of State (Independent Charge) for Consumer Affairs, Food &Public Distribution, Government of India. Shri.K.Babu, Hon’ble Minister for Excise, Ports & Fisheries, Govt of Kerala presided the function. Shri.Tony Chammanv, Worshipful Mayor of Cochin, Shri Dominic Presentation, Hon’ble Member of Legislative […]

  • 22 March 2013

    The National Waterway (Lakhipur – Bhanga stretch of the Barak River) Bill, 2013 was introduced in the Rajyasabha by the Union Minister for Shipping Shri G.K. Vasan. The bill proposes to declare the navigable stretch of the Barak River between Lakhipur and Bhanga (121 km) in Southern Assam as a National Waterway. The bill also […]

  • 21 March 2013

    Kandla and Paradip ports are in negotiations with the Shipping Corporation of India (SCI) and Dredging Corporation of India (DCI) to develop a new dredging strategy, reports thehindubusinessline.com. This new plan will include the new joint ventures between the mentioned sides and also doing business together in the dredging sector. Regarding this very important plan, […]

  • 18 March 2013

    The stringent Maharashtra Control of Organised Crime Act (MCOCA), commonly used against the gangsters and terrorists, would be invoked against those involved in illegal sand-mining, government said today. Maharashtra Revenue Minister Balasaheb Thorat stated in the Legislative Council here that “government is concerned over illegal sand dredging and a stringent law such as MCOCA will […]

  • 18 March 2013
    Business & Finance

    Un-restrained collection of sand and pebbles from the Sekmai riverbed has been cited for the acute shortage of drinking water in Kanglatongbi areas. According to some Kanglatongbi residents about 3000 truck loads of sand/pebbles are being collected on a daily basis in the past few years. Contrary to the locals engaged as labourers to shovel […]

  • 14 March 2013
    Business & Finance

    Research and Markets has announced the addition of the “Ports in India 2013” report to their offering. The “Ports in India 2013” report will provide the very latest information on the sector and most recent status of key programmes and projects. The report will have four distinct sections: Section I: Overall Sector Analysis – Sector […]

  • 13 March 2013

    The Port of Jawaharlal Nehru (JN Port) has introduced plans to collect up to $370 million by selling tax-free bonds. These funds will be used for a several port development projects, according to joc.com. Regarding this issue, L. Radhakrishnan, the Port Chairman, stated: “The net proceeds will be primarily used for dredging works to deepen […]

  • 13 March 2013
    Business & Finance, Equipment, Technology

    Research and Markets has announced the addition of the “Dredging in India 2012” report to their offering. The report “Dredging in India” provides the most comprehensive and up-to-date study on this sector. The demand for dredging in India is growing, driven by investments in the maritime sector, the increasing size of vessels, mandatory requirement of […]

  • 11 March 2013
    Business & Finance

    The fact that national waterways ways found a mention in the Budget speech of Finance Minister P. Chidambaram is in itself significant. Sadly, though, it did not throw light on allocations or specific plans the Government is mulling to develop this sector, a move that could lead to substantial savings in transportation costs. Chidambaram announced […]

  • 8 March 2013

    Dredging Corporation of India Limited  will raise Rs.500 crore through public issue of tax-free bonds of face value of Rs.1,000 each, said its chairman and managing director D.K.Mohanty Friday. India’s only dredging company in public sector is raising the money to acquire a dredger. It is one of the three dredgers being purchased by the […]

  • 7 March 2013
    Business & Finance

    The Cabinet Committee on Economic Affairs has approved the projects for the development of multi¬purpose berths and mechanized berths with allied facilities on Design, Build, Finance, Operate and Transfer (DBFOT) basis at Haldia Dock II (North) for a period of 30 years at an estimated cost of Rs. 821.40 crore and at Haldia Dock II […]

  • 5 March 2013
    Business & Finance

    The National Safety Week is being observed at the Dredging Corporation of India Limited (DCI). On this occasion, Capt. D.K.Mohanty, Chairman and Managing Director of the corporation hosted the safety flag and administered the pledge to all the employees at the corporate office. In his inaugural address,CMD stressed upon the importance of safety in workplace […]

  • 28 February 2013

    In the Union Budget proposals for the financial year 2013-13 Five inland waterways have been declared as National Waterways. Announcing this in the budget proposals tabled in the Lok Sabha today Union Finance Minister Shri P.Chidambaram said the Minister of Water Resources will move a Bill in Parliament to declare the Lakhipur – Bhanga stretch […]

  • 27 February 2013
    Business & Finance

    With a view to conserve top soil and prevent soil erosion and land degradation, the Ministry of Agriculture is implementing various watershed development programmes, namely National Watershed Development Project for Rainfed Areas, Soil Conservation in Catchments of River Valley Project and Flood Prone River and Reclamation and Development of Alkali & Acid Soils across the […]

  • 21 February 2013

    PWD Minister Ajanta Neog announced that the Government plans to dredge the Bharalu River with the hope that dredging would solve the flooding problems. “The Deputy Commissioner of Kamrup (Metro) has been asked to clear the Bharalu and its banks from encroachment. Next we plan to dredge the river and fence its banks for preventing […]

  • 18 February 2013
    Business & Finance

    The 7th Indian Ocean Ports and Logistics 2013 Exhibition and Conference will take place for the first time in Mozambique at the Rainbow Hotel, Beira hosted by Cornelder de Moςambique on Wednesday 27 and Thursday 28 February 2013. This event is honoured to be officiated by His Excellency Dr. Alberto Vaquina, Prime Minister of Mozambique. […]

  • 18 February 2013
    Business & Finance

    Union Shipping Ministry is coming up with a scheme to offer assistance to State Maritime Boards (SMBs) for creation of infrastructure for development of ports, inland waterways and coastal shipping. The scheme seeks to offer financial aid for capital dredging, coastal jetty, Inland Waterways Transport (IWT) jetties and preparation of Detailed Project Reports (DPRs) for […]

  • 13 February 2013
    Business & Finance

    Mercator Limited, a diversified Group today announced its unaudited financial results for the nine months ended December 31, 2012. The total consolidated income for the said period was Rs.2727Cr. against Rs. 2680 Cr. during 9MFY12.The Operating Profit (PBIDT) was Rs. 410cr as compared to Rs. 467cr during 9MFY12. The consolidated net profit after tax and […]

  • 11 February 2013
    Business & Finance

    The Dredging Corporation of India (DCI) has announced the unaudited Financial Results for the quarter/period ended 31st December, 2012. The Dredging Corporation of India Limited (DCI) was established in the year 1976 to provide dredging services to the Major Ports of the country in India. DCI is a pioneer organization in the field of dredging […]

  • 31 January 2013

    The Rs.3,375 crore Kattupalli Port and Shipyard have been inaugurated on Wednesday by the Tamil Nadu Chief Minister J. Jayalalithaa. According to nydailynews.com, this very important construction project has been undertaken by Larsen and Toubro, Tamil Nadu Investment Development Corporation Ltd (TIDCO) and Tamil Nadu Newsprint and Papers Ltd (TNPL). The port facility comprises of […]

  • 28 January 2013
    Business & Finance

    Mercator Ltd has informed BSE that the Company has secured 2 new orders from Paradip Port Trust for Maintenance Dredging of the Approach and Extended Approach Channel to be executed over a period of 3 years aggregating to Rs. 210 cr approx, reports moneycontrol.com. Mercator group has diversified business interests in coal, oil & gas, […]

  • 28 January 2013

    Over the next decade the 50 countries that border the Indian Ocean, one of the greatest seaborne trade routes of the world for oil, bulk freight and containers, are expected to show some of the world’s highest rates of economic growth. Port development and trade in the region is central to achieving this goal. However, […]

  • 25 January 2013
    Business & Finance

    Footage from the field on the cutter suction dredger Shanati Sagar XVI working for the Adani Group in India. This embedded content is only visible after accepting cookies. Change your preferences Physical properties Length (OA): 104 m Width: 18.6 m Depth: 5 m Cutter power: 1500 kW Total power: 13000 kW Delivery diameter: 900 mm […]

  • 21 January 2013

    According to the State Irrigation Minister Rajib Bandyopadhyay, the Irrigation Department will undertake dredging works in the lower basin of river Damodar and Banka in Burdwan district. This dredging program should prevent flooding in the monsoon at the mentioned area, reports business-standard.com. The government estimated that the project could cost around Rs 2,000 crore. [mappress] […]

  • 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 […]