Stage set for allotment of works under Krishnapatnam Node of CBIC

The stage is set for calling EPC (Engineering, Procurement and Construction) bids for first phase works of Krishnapatnam Node under Chennai Bangalore Industrial Corridor at an estimated cost of Rs1200 crore. The Industrial Corridor Programme of the central government is aimed at creation of greenfield industrial cities with sustainable, ‘plug-n-play’, ICT enabled utilities to facilitate.

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VOC Port in Tuticorin shows signs of improvement from third quarter

The container handling at V O Chidambaranar Port Trust has started to show positive signs from the third quarter of this financial year, chairman of the port trust T K Ramachandran said at the 72nd Republic Day celebrations at the port’s school ground. Addressing stakeholders after hoisting the national flag and taking the salute from.

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A.P. Maritime Board opposes draft Indian Ports Bill, 2020

The Andhra Pradesh Maritime Board (APMB), which embarked on an ambitious programme of building a string of ports and fishing harbours along its nearly 975-km-long coastline, is strongly opposing the draft Indian Ports Bill, 2020, mainly because it proposes the establishment of a single Maritime Port Regulatory Authority for all minor ports. The board expressed.

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Adani Ports to raise $500 mn via bonds

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced a $500 million bond sale, its second such offering in the last few months, as the Adani group flagship seeks to capitalize on benign interest rates overseas. The proceeds of the bond sale would be used to finance early redemption of dollar bonds of.

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India seeks regular transit through Mongla, Chittagong ports

India has sought permission to start using the two Bangladesh seaports at Chittagong and Mongla for regular transit of cargoes destined for its north-eastern states, officials say. The neighbouring country is seeking the facility almost six months after holding a trial-run of its cargo using the Chittagong port. Four containers carrying iron and pulse were.

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Kochi Port calls for dredge and deepen channel

The Cochin Port Trust has woken up to the virtues of deepening the channel of its container loading terminal, acknowledging that its transhipment ambition has been weakened by the channel’s inadequate depth of 14.5 m and fully aware of the challenges posed by the opening next year of a private, deep-draft transhipment port at Vizhinjam,.

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Larger goal to regain India’s maritime glory: Shipping Minister

Ports, Shipping and Waterways Minister Mansukh Mandavia on Saturday said the government’s larger goal was to regain the country’s maritime glory. Speaking at the three-day brainstorming session to coordinate between all major ports in India, Mandavia said with this Chintan Baithak, the coordination between all Major Ports will be more streamlined and able to work.

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Kochi port handles record cargo in December

The Cochin Port Trust handled a record 3.20 million tonnes of cargo in December 2020, a monthly record volume for it. The volume is a 10.55 per cent growth over December 2019, said Cochin Port Trust chairperson M. Beena, in a message to the employees and officials of the port trust. Container movement too touched.

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AP govt fires a shot across Centre’s bow over draft Ports Bill

The Centre’s bid to extend its jurisdiction over ports owned by State governments with the Indian Ports Bill has come under fire from Andhra Pradesh. The State, with the second longest coastline of 974 km, termed the draft Bill “discriminatory” and “ultra vires the Constitution” because ports are in the Concurrent List. “Why should there be.

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Space-choked India shippers eye limited relief from extra Europe capacity

Indian shippers struggling to secure vessel space amid resurgent export demand and lingering transshipment woes now have a window to relieve some of the supply chain pressure with carriers deploying extra-loader capacity and upgrading existing service networks on key trade lanes out of the country. Much of the carrier concentration presently seems to be around.

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