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Sunday, May 26, 2019

Government Of India News

Pic: Dredging Corporation of India (DCIL)

Indian Govt Sells Stake in Dredging Corporation

The Union government of India (GoI) has concluded the strategic sale of Dredging Corporation of India (DCIL) to a consortium of four ports Vishakapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust & Deendayal Port Trust.The share purchase agreement was executed between GOI and the four ports on March 08. The government held 73.47 per cent equity stake in the company.Of 73.47 per cent, the Vishakapatnam Port Trust bought 19.47 per cent, Paradeep Port Trust 18 per cent…

Indian Prime Minister Narendra Modi. Pic: PIB

India: Locally Built Ships Priority in Chartering

The government of India has revised guidelines for chartering of ships by providing the right-of-first-refusal (RoFR) to ships built within the country, a move to promote the Make in India initiative and incentivise shipbuilding activity.Henceforth, whenever a tendering process is undertaken to charter a vessel, a bidder offering a ship built in India will be given the first priority to match the L1 quote. It is expected that this priority given to ships built in India will raise the demand for such vessels…

India's Interim Finance Minister Piyush Goyal. Photo: PIB

India Pitches for Blue Economy

The government of India has allocated a budgetary support of USD 266mln to shipping sector in the interim budget presented by Interim Finance Minister Piyush Goyal.The government has pitched for development of India’s Blue Economy with the Finance Ministry proposing an impressive USD 77mln under Sagarmala. This allocation was up from USD 53 mln (revised estimates) allocated during 2018-19.Underlining importance of developing India’s 7,500 km long coastline and converting them into industrial hubs…

Pics: Press Information Bureau

Chabahar Port Begins Commercial Operations

Commercial operations began at ndia Ports Global Chabahar Free Zone (IPGCFZ), at Chabahar with the arrival of a vessel after Government of India took over the operations.A Cyprus registered bulk carrier had arrived at Chabahar with 72458 MT of corn cargo. The vessel MV MACHERAS berthed at the terminal at 0130 hrs on 30th December 2018. Thus IPGCFZ carried out its first cargo operation by discharging the imported cargo(ex Brazil) using pneumatic un-loaders.India has written a history with its engagement in Chabahar, claimed a governement release.

Map: Strategic Frontier Research for Defence

India Takes Over Iran's Chabahar Port

India has formally taken over operations at Iran’s strategic Chabahar Port. According to the government of India, India Ports Global Chabahar Free Zone (IPGCFZ) a special purpose vehicle (SPV) of Indian Ports Global (IPGL) in Iran has taken over interim operation of the Chabahar Port with effect from December 24.Representatives from India, Iran, and Afghanistan met in Tehran to formally hand over control to IPGL.Accoding to IRNA news agency, IPGL had been granted the lease for…

Photo courtesy of APM Terminals Mumbai

APM Terminals Mumbai Sets a Record

APM Terminals Mumbai, the largest container terminal facility in India, has achieved a record of handling more than 2 million TEUs (Twenty-Foot Equivalent Units) throughput in 2018 for the first time since the terminal was commissioned in 2006. APM Terminals Mumbai is the only Indian port to have achieved this record in one calendar year.Backed by the growing import-export containerized trade with the world, APM Terminals Mumbai expects to maintain the growth momentum in the coming years.

Photo: PepsiCo

Inland Containerized Shipping Comes to India

Marking India’s first containerized movement on inland waterways, PepsiCo India became the first company to use containerized vessel movement for transporting products from its plant in Kolkata to the port in Varanasi. The first containerized vessel was received by Hon’ble Prime Minister of India, Shri Narendra Modi at the newly developed multi-modal terminal in Varanasi. Also, present on the momentous occasion was PepsiCo India’s President and CEO, Mr. Ahmed El-Sheikh.Speaking about this historic moment in the development of inland waterways, Mr.

Graphics: Press Information Bureau

Indian Ports Register Growth 5.12% During April to September, 2018

The major ports in India have recorded a growth of 5.12% and together handled 343.26 Million Tonnes of cargo during the period April to September, 2018 as against 326.54 Million Tonnes handled during the corresponding period of previous year.According to the government of India, for the period from April ‘17- September 2018, Nine Ports (Kolkata (incl.Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic.The highest growth was registered by Kamarajar Port (19.66%)…

Photo: Inland Waterways Authority of India (IWAI)

Inland Waterways Authority of India Goes Online for Cargo Movers

The Inland Waterways Authority of India (IWAI) yesterday launched a dedicated portal to connect cargo owners and shippers with real time data on availability of vessels.The Government of India is developing National Waterways as a key transport intervention, as part of an integrated transport network strategy, which will help correct the transport modal mix that imposes huge logistics costs on the Indian economy. At present the cost of logistics in India, at 15 per cent of GDP…

Indian Prime Minister Narendra Modi. Photo: PIB

India Issues New Guidelines for Investment in Ports

India's Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports.One major initiative is to improve the returns earned on treasury investments by the ports for pension, provident and surplus funds. Across all major ports, these funds add up to around INR  33,000 crore (USD 4.8 billion), yielding interest of around INR 2,700 crore (USD 394 million)Looking for ways to push this amount further, the Ministry…

Indian Prime Minister Narendra Modi. Photo: Press Information Bureau

India Spurring Port Development

The government of India has identified 243 projects at a total cost USD 21 billion have been identified for enhancing the infrastructure at Indian ports upto 2035,  under Sagarmala Program.Out of these 44 projects (USD 1.25 bln) have been completed and 79 projects (USD 53 bln) are under implementation. These projects are being implemented by Major Port Trusts, State Maritime Boards, State Government/UTs and Private Sector.12 Major ports have spent USD 791 mln  in the last two…

Photo: Inland Waterways Authority of India (IWAI)

India Conducts Hydrographic Survey for National Waterway-4

In order to develop waterways from Kakinada to Chenna,  detailed hydrographic survey has been completed by the Inland Waterways Authority of India (IWAI) in respect of Kakinada to Ennore stretch of National Waterway-4.Development of National Waterway-4 is planned in three phases. Development of Phase-I works between Vijayawada to Muktyala stretch of Krishna River has been taken up at a cost of   USD 14 mln out of which USD 2.62 mln has been utilized so far. Vijayawada to Kakinada and Rajamundry to Polavaram portion of NW-4 is planned for development in Phase-II.

Image: Cochin Port Trust

Cochin Port to Roll-out New Cruise Terminal

A new Cruise Terminal having facilities to handle 5000 tourists will come up at Ernakulum Wharf of Cochin Port, India by February 2020. Cochin Port Trust has issued work order to the contractor today for commencing the construction of the new Cruise Terminal.The facilities inside the Terminal, having 2253sq mtrs area, would include passenger lounge, crew lounge, 30 immigration counters, 8 customs clearance counters, 7 security check counters, Wi-Fi, tourist information counter…

MbPT International cruise terminal. Photo: Mumbai Port Trust (MbPT)

India Rolls-out SOPs for Cruise and Ferry Services

The Government of India has formulated new guidelines in the form of Standard Operating Procedures (SOPs) to handle cruise vessels and cruise passengers in November, 2017.The salient features of these SOPs inter alia includes submission of documents/data electronically, seamless entry and exit process with access control and RFID for vehicles and persons and simplified Port Health Organization Clearance Procedure. It further provides for e-Landing card for shore excursion, doing…

Photo: Continental Warehousing Corporation (Nhava Seva) Limited

DP World Acquires India's Continental Warehousing

Hindustan Infralog (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed.CWCNSL’s founders, the Reddy family, will retain the remaining 10% shareholding and will remain involved in the business operations. It is the first investment of HIPL, the recently created investment vehicle between DP World and NIIF to invest up to US$ 3 billion in ports…

© Jose Gill / Adobe Stock

India Cuts Iranian Oil Imports Ahead of Sanctions

Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November.India's monthly oil imports from Iran declined to 592,800 barrels per day (bpd) in June, down 16 percent from May, according to data from industry and shipping sources.The United States in May said it would reimpose the sanctions after withdrawing from a 2015 agreement with Iran, Russia…

(File photo: A.P. Moller - Maersk)

Maersk Rolls Out Digital Freight Forwarding Platform in India

DAMCO, part of A.P. Moller – Maersk, and a provider of end-to-end supply chain management services, announced the launch of its new digital freight forwarding service into India.The new online platform, Twill, provides greater control of shipments by offering instant price quotes and booking, transparency and tracking services, simplified paperwork and proactive customer care.“The shipping and logistics industry today is filled with emails, phone calls and document-heavy processes which can lead to huge delays in getting quotes…

Photo: APM Terminals Mumbai

APM Terminals Mumbai Handles Record Volumes

APM Terminals Mumbai, India handled a record 2.3 million TEUs during its 2017-2018 financial year. This is the terminal’s highest volume since the terminal was built in 2006. The terminal received over 633 vessels over the course of the year. The terminal is no stranger to records. In financial year 2014-2015 the terminal already created the Indian National Maritime Record handling 2.01 million TEUs, approximately 20% of India's containerized cargo. Commenting on the achievement…

Photo: Inland Waterways Authority of India

India to Augment Capacity Along Inland Waterways

The Government  of India proposes to augment capacity to develop eco-friendly and economic mode of transportation along inland waterways and coastal shipping routes under the Sagarmala Programme. Sagarmala is the flagship programme of the Ministry of Shipping to promote port-led development in the country by harnessing India’s 7,500 km long coastline, 14,500 km of potentially navigable waterways. It aims to reduce the logistics costs by doubling the share of domestic waterways in the modal mix from current 6 per cent.

Image: Inland Waterways Authority of India (IWAI)

India Plans Freight Village in Varanasi

The Inland Waterways Authority of India  (IWAI) proposes to develop a“freight village” in Varanasi, informs the government of India. The objective of the project is to support economic development in the hinterland of the multimodal terminal at Varanasi and reduce logistics cost in the Eastern Transport Corridor and its influence zone. It envisages establishment of multimodal logistics hub in Varanasi to promote the use of waterway transport on river Ganga (NW-1) between Haldia…

National Waterways-1. Photo: Water Resources Information System of India

India Allocate Funds for Development of Inland Waterways

The Government of India has got a budget allocation of  INR 228 crore (USD 35.1 mln) for the development of Inland waterways transport, which also includes INR 126 crore (USD 19.4 mln) for North Eastern Region, for the year 2017-18. The proposal for raising Extra Budgetary Resources (EBRs) of  INR 1,000 crore (USD 154 mln) through bonds was approved by Ministry of Finance in 2016-17. Out of  INR 1000 crore, INR 340.00 crore was raised during 2016-17. Remaining amount of INR 660.00 crore has been raised in the Financial Year 2017-18.

Indian Prime Minister, Narendra Modi. Photo: PIB

Indian Cabinet Clears Changes in Major Port Authorities Bill 2016

Indian's  Union Cabinet has approved the incorporation of the official amendments to the Major Port Authorities Bill 2016, which is pending in the Parliament. The Amendments are based on the recommendations of the department related parliamentary standing committee. The changes sought include the number of the labour representatives to be appointed in the Port Authority Board among the serving employees of the Port has been increased from one to two, among others. The Board of…

Photo: Dredging Corporation of India

Sale of Entire Public Stake in DCIL

The Government of India has decided to sell off its entire public stake in Dredging Corporation of India (DCIL), said the Minister of State for Shipping Mansukh L Mandaviya. This decision aims to upgrade technology, improve capability, infuse capital to buy necessary dredgers/equipments and instill experienced professional management to optimize operations of the DCIL, Indian public sector unit engaged in the business of dredging. The Department of Investment and Public Asset…

Indian Shipping Minister Nitin Gadkari. Photo: PIB

India to Establish Center of Excellence in Maritime and Ship Building in 2 Cities

A world class Center of Excellence in Maritime and Ship Building (CEMS) is being set up by Ministry of Shipping in collaboration with  Siemens and Indian Register of Shipping (IRS) under the Ministry’s flagship Sagarmala Program. CEMS will have  campuses at Vishakhapatnam and Mumbai, and will provide industry-relevant skill development, equip students with employable engineering and technical skills in the port and maritime sector and contribute to the Government of India’s ambitious Sagarmala programme.

The Indian Minister for Shipping Nitin Gadkari addressing at the foundation stone laying ceremony of the International Ship Repair Facility of Cochin Ship Yard Limited, at Cochin, Kerala on November 17, 2017. Photo: PIB

International Ship Repair Facility at Cochin Shipyard

The Minister of Shipping in India,  Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the  foundation stone for a INR 970-crore (USD 148 million) International Ship Repair Facility (ISRF) for Cochin Shipyard Limited. The facility is being built at Cochin Port Trust where CSL has leased out a 40-acre plot for the project. The International Ship Repair facility will be a State of the Art facility that can handle a major chunk of small and medium sized vessels plying in India.

Indian Shipping Minister Nitin Gadkari. Photo: Official FB Page

India Okays Shipbuilding Financial Assistance Policy

To promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015. This policy provides Rs. 4000 Crores (USD 773mln) financial assistance to shipyards for 10 years for contracts secured between 01.04.2016 and 31.03.2026 (including these dates). The Shipyards Association…