Search Result for : Ministry Of Shipping

Major ports register growth of 3.27% during Apr-Oct

The Dollar Business Bureau The major Indian ports have witnessed a positive growth of 3.27% during first seven months of the current fiscal, with the highest growth recorded by Cochin Port at 17.66%. In terms of commodity, the highest growth was recorded in the cargo of petroleum, oil and lubricants (POL) at 34.07%. “The major ports in India have recorded a growth of 3.27% during the period April to September, 2017 and together handled 383 million tonnes of cargo as against 371 million tonnes handled during the corresponding period of previous year, said a statement by Ministry of Shipping. Out of a dozen major ports, eight ports including Cochin, Kolkata, Chennai, Paradip, Mumbai, New Mangalore, Kandla and JNPT witnessed a positive growth in traffic during the ...

Chahbahar Port is a gateway to golden opportunities: Gadkari

The Dollar Business Bureau The Minister for Shipping and Road Transport & Highways Nitin Gadkari, was on a two day visit to Tehran, representing the Indian Government at the inauguration and oath taking ceremony of Hassan Rouhani as the President of Iran for a second term, on 5th August, 2017.  In an interaction with Rouhani, Gadkari held wide ranging discussions on many issues including India’s cooperation in the development of Chabahar Port and proposed rail link between Chabahar & Zahedan. In the meetings, both sides positively assessed the progress in implementation of the decisions taken during the Indian Prime Minister’s visit to Iran last year, including the progress of Chabahar Port. Both sides reiterated their commitment to complete and operationalize the ...

JNPT records 5.11% growth in container traffic in Q1

The Dollar Business Bureau Jawaharlal Nehru Port Trust (JNPT), India’s biggest container port, recorded a rise of 5.11% in container traffic by handling 1.20 million TEUs, during the first three months of the current fiscal over the same period last year. “India’s largest container port, Jawaharlal Nehru Port Trust (JNPT), registered a 5.11% growth in container traffic in the first quarter of the current financial year by handling 1.20 million TEUs as compared to 1.14 million TEUs in the corresponding quarter of the last financial year,” Ministry of Shipping said in a statement.  TEU or twenty-foot equivalent unit are used for measuring the cargo carrying capacity of a ship. Port owned container terminal, Jawaharlal Nehru Port Container Terminal (JNPCT) handled 4.01 lakh TEUs during the April-June ...

Chidambaranar Port, TANGEDCO ink pact to upgrade coal jetties to handle 24 mn tonnes

The Dollar Business Bureau One of the top major ports in the country, the VO Chidambaranar (VOC) Port and Tamil Nadu’s Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) inked an agreement today to increase the capacities of two coal jetties at the port four-fold to 24 million tonnes for Rs 800 crore. The pact will upgrade two coal jetties at VOC Port - Jetty I and II -- from 6.25 MTPA (million tonne per annum) to 24 MTPA. The Ministry of Shipping in a press a statement said: "The VOCP Trust signed a Memorandum of Understanding with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the upgradation of Coal Jetty I and II.” The Minister for Shipping Nitin Gadkari said that coal ...

Major Indian ports show 6.8% growth in cargo handled during 2016-17

The Dollar Business Bureau  According to information released by the Ministry of Shipping, the government-managed ports have outperformed the private ones with respect to growth in the volume of cargo handled during FY 2016-17. While the private ports registered a growth rate of 4%, the public ports grew by 6.79% annually, as against 4.32% in the previous year. Collectively, the twelve ports managed by the Ministry of Shipping handled 647.43 MT (million tonnes) of traffic during the year.  Individually, Kandla Port handled 105.44 Million Tonnes of cargo, securing the position of the largest volume handler and growing at 5.39%. Paradip Port stood second with 88.95 Million Tonnes of volume, registering a high growth rate of 16.45%. Growing at 3.17%, the Mumbai port bagged the third place with 63.05 Million Tonnes of cargo handled.  The Jawaharlal Nehru Port (JNPT), India's largest container port ...

Govt sets up joint task force to ramp up steel demand

The Dollar Business Bureau The government has set up joint task forces with representatives from road, transport and highways ministries to examine possibilities to boost steel demand in the country. "Joint task forces covering railways, urban development, Ministry of Shipping, Road Transport and Highways etc have been constituted comprising representatives from ministries concerned and their agencies to assess the possibilities of boosting demand of steel," Minister of State for Steel Vishnu Deo Sai informed the parliament in a written reply to the Lok Sabha.   “The scope of these committees inter-alia covers codes and standards, life cycle cost analysis, development of designs of various structures and other suitable measures,” Deo said.  Steel Minister Chaudhary Birender Singh had earlier noted that steel demand is projected to ...

India and Bangladesh sign MoU for cooperation in marine navigation

The Dollar Business Bureau  India and Bangladesh, as part of a regional cooperation initiative, signed a MoU on Aids to Navigation (AtoN). Under the agreement, India will advise Bangladesh on AtoN capacity building for the overall marine navigation development of the South Asian region.  International Maritime Organisation (IMO) requires nations all over the world to provide AtoN in their waters as per international norms and guidelines for the effective and safe navigation of vessel traffic. Lighthouses, DGPS, beacons, navigational and mooring buoys are some of the main instruments deployed for navigation in the sea. Directorate General of Lighthouses & Lightships (DGLL) is the authority in India responsible for management and setting up of AtoN in India's oceanic territory.  According to the MoU, DGLL will organise training programs for the AtoN management and technical personnel of Bangladesh.  On the behalf of Indian Ministry of Shipping, ...

Govt gave high importance to infrastructure development: Gadkari

The Dollar Business Bureau  Road Transport, Highways and Shipping Minister Nitin Gadkari said on Friday that the government is planning to build an integrated system of railways, roads, airports and sea ports and also working on port-led industrialisation. He described the integrated logistics and inland waterways development as a game changer for the economy. The government gave highest prominence to infrastructure development and the Ministry is dedicated to achieve this objective, Gadkari said while addressing the FICCI’s 89th Annual General Meeting in New Delhi. The government has laid out Rs.4.5 lakh crore for the road sector and Rs.3.60 lakh crore for the shipping sector, he informed. Gadkari further said that there were Rs.3.85 lakh crore worth of stalled projects, when the present government came to ...

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