Declare VOC Port as international container transhipment hub: Industrialists

Emphasising the fact that Thoothukudi sits right between the east and west international trade routes, industrialists of southern districts have urged the Union government to declare Thoothukudi V O Chidambaranar Port as an International Container Transhipment Hub. A transhipment hub in Thoothukudi would get the containers directly shipped to India as against the existing system.

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Govt looks to develop Great Nicobar island using PPP model

The government’s apex planning body, Niti Aayog, is in the process of hiring consultants to prepare a master plan for the “holistic development” of Great Nicobar Island in the Union territory of Andaman & Nicobar, through the public-private partnership model. Great Nicobar, with an area of around 1,000 square kilometres, is one of the largest.

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Container cargo handling at major ports drops about 25% in April-August: IPA

Container cargo handling at India’s major ports fell about 25 per cent during April-August amid the COVID-19 pandemic, according to ports body IPA data. Container cargo in terms of TEUs (twenty-foot equivalent unit) at India’s 12 major ports dropped 25 per cent to 3.25 million in the the April-August period of the current fiscal, showed.

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SAROD-Ports will attract more private funding into Indian ports: ICRA

The credit rating agency ICRA Ratings noted that launch of SAROD-Ports (Society for Affordable Redressal of Disputes – Ports) by the union ministry of shipping is a much needed alternative step to resolve/reduce the disputes in the Indian ports sector in less time and in a cost-effective manner thus will attract more private investments. SAROD-Port.

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Jawaharlal Nehru Port Trust, Mumbai Port Trust draw CAG’s ire

The Comptroller and Auditor General (CAG) of India has charged the Jawaharlal Nehru Port Trust authorities for incurring a loss of Rs 54.72 crore in 2015-17 in their decision to award an adjacent berth to the same entity operating the existing berth at a lower revenue share without safeguarding the financial interests of the port.

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GMR Infra to sell stake in Kakinada SEZ to Aurobindo Realty for ₹2,610 cr.s

GMR Infrastructure Limited on Friday announced divestment of the group’s entire stake in Kakinada SEZ Limited (KSEZ). The company in a statement said that the GMR SEZ and Port Holding Limited, a subsidiary of GMR Infra, is selling the 51 per cent equity to Aurobindo Realty and Infrastructure Private Limited (ARIPL). The proposed sale is part of the transfer of.

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Mangaluru: Ministry of shipping to develop Surathkal lighthouse as tourist destination

The lighthouse at Surathkal near Mangaluru will be developed into a tourist destination. The ministry of shipping has proposed to develop it by improving amenities and facilities. The directorate general of lighthouse and lightships has finalised architectural design for the improvement project. The development project involves undertaking of several works, Nalin Kumar Kateel, Dakshina Kannada.

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Gujarat Pipavav RoRo segment takes a hit on fall in automobile volumes

With auto demand taking a hit across categories during ongoing pandemic, APM Terminals-promoted Gujarat Pipavav has had to face the heat as automobile volumes at its Roll-on Roll-off (RoRo) segment have almost halved in the last few months. “Currently, the drop in volumes in our RoRo business is about 50 per cent. Since the yard is now.

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CAG raps Kolkata Port for dredging deficiencies

The Comptroller and Auditor General (CAG) of India has rapped the Kolkata Port Trust, rechristened as the Syama Prasad Mookerjee Port, for its dredging deficiencies that may have resulted in a loss of Rs 278.61 crore during the 2013-2018 period. The CAG said it was seen that a quantum of 81.68 million cubic metre (MM3).

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V.O.C port handles wind blades spanning 74.90 m

The V. O. Chidambaranar Port on September 15 handled wind blades spanning the length of 74.90 metres, the longest of its kind to be made in India. According to a press statement from the Port Trust, a vessel flagged for Panama, ‘M.V. Ginkgo Arrow’, loaded 50 windmill towers and 33 windmill blades on September 15..

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