Greece Trims Piraeus Port investment plan
Greece has trimmed an investment plan by Piraeus Port Authority (PPA) to boost operations at one of Europe's largest harbours, rejecting proposals for a new container terminal.PPA, majority owned by China's COSCO Shipping , had submitted to Greece's shipping ministry an 800-million-euro plan, which included a new cruise ship terminal, a mall and four hotels in the port.PPA had also proposed to build a fourth container terminal that would boost Piraeus' total throughput to 10 million…
Piraeus Port Beefs Up Investment Plan, Awaits Greece's Approval
Piraeus Port Authority (PPA), operator of Greece's largest port, has increased its investment plans to attract more business at one of Europe's largest harbours, a government spokesman said on Wednesday.PPA, majority owned by China's COSCO Shipping , has submitted to Greece's shipping ministry an 800-million-euro plan, government spokesman Stelios Petsas told reporters.A PPA official told Reuters that a ministerial committee will discuss the plan on Sept. 25 and is likely to approve it…
JNPT Builds New Liquid Cargo Jetty
Indian Minister of State for Shipping, Mansukh Mandaviya laid the foundation stone for development of an additional Liquid Cargo Jetty at Jawaharlal Nehru Port Trust (JNPT) in Mumbai.According to a government announcement, the facility will be built at a cost of over INR 309 crore (USD 43 million), the project will cater to the increased demand for handling liquid cargo like edible oil, LPG, molasses and other chemicals.Mandaviya said, “The Prime Minister Narendra Modi has laid focus on port-led development.
Bhutan-Bangladesh Cargo Vessel Flagged Off
The Minister of State for Shipping (Independent Charge), India, Mansukh Mandaviya will flag off an inland waterways vessel containing cargo from Bhutan to Bangladesh via Brahmaputra river and the Indo-Bangla Protocol Route today (July 12)."This is a first of its kind movement where an Indian inland waterway is being used for connecting two countries - landlocked Bhutan and Bangladesh,"said a press note from the shipping ministry of India.1000 Metric Ton of crushed stone aggregates…
India Plans to Start Low Cost Ferry Services
Indian shipping Minister Mansukh Mandaviya has said that the government is keen to start the navigation in inland waterways and passenger transportation in the rivers in the North Eastern states of the country.The public sector company Water and Power Consultancy Services Limited (WAPCOS) is preparing a model Detailed Project Report (DPR) for running low-cost ferry services in the inland waterways in these states.The Shipping Ministry, in a release, said the model DPR can be adopted…
India to Promote Sea and Coastal Tourism
To explore the opportunities in Coastal Tourism, the Shipping and Tourism Ministry may soon set up a committee that will think of strategies to promote cruises and sea sports, the government of India said.The Minister of State for Shipping Mansukh Mandaviya and Minister of State for Tourism & Culture, Prahlad Singh Patel discussed the immense potential for maritime tourism in the country.In a meeting between the two Ministers held in New Delhi yesterday, the two ministers…
Indian Ports Register 1.78% Growth in April
The major Indian ports collectively recorded a growth of 1.78 per cent during April, handling 56.81 million tonnes of cargo, said the Shipping Ministry. "The major ports in India have recorded a growth of 1.78% and together handled 56.81 Million Tonnes of cargo during the period April 2018 as against 55.82 Million Tonnes handled during the corresponding period of previous year," said a press release from the government. The Nine Ports Kolkata (including Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic.
Indian Port Enters World’s Top 30 Container Ports List
India's largest container port, Jawaharlal Nehru Port Trust (JNPT), has made its way to the top-30 container ports across the globe.JNPT notched up five spots as per the latest Lloyds Report, to be 28th on the list, compared to its previous ranking," Indian shipping ministry said in a statement.This is a validation of all the efforts and strategic initiatives being implemented at JNPT in order to enhance overall port efficiency, it said.Various new processes activated under the 'ease of doing business' initiative have not only helped in overall growth of the port business…
Bangabandhu Satellite to Link 39,000 Ships at Sea
Bangladesh Communication Satellite Company Limited (BCSCL) has signed a memorandum of understanding (MoU) with the shipping ministry so that Bangabandhu-1 satellite will provide the connectivity to around 39,000 ships in the country in a year. A report in Star Online quoted Md Saiful Islam, managing director of the government-owned company as saying that this is the first business promise from the BCSCL, is also engaged negotiations with eight other ministries and divisions to provide them connectivity.
Indian Port Rail Corporation to Begin New Railway Line Project
Jawaharlal Nehru Port (JNPT), Ministry of Shipping, Ministry of Railways and state governments of Madhya Pradesh and Maharashtra will enter into a pact tomorrow for implementing a new Indore- Manmad Railway Line Project.The project will be implemented through Indian Port Rail Corporation Limited on joint venture special purpose vehicle (SPV) model."An MoU will be signed tomorrow between JNPT- Ministry of Shipping, Ministry of Railways, Govt of Maharashtra and Govt of Madhya Pradesh for implementation of 362 km Indore- Manmad New Railway Line Project…
Piraeus Port Urges Greece to Speed Up Investment Plan Approval
Piraeus Port Authority (PPA), operator of Greece's largest port, wants the Greek government to speed up the approval of an investment plan that aims to attract more business to one of Europe's largest harbours, executives said on Friday.PPA, majority owned by China's COSCO Shipping , is awaiting the green light from Greece's shipping ministry to proceed with mandatory investments based on its concession agreement with the Greek state.Approval of PPA's so-called master investment plan…
India Builds National Maritime Heritage Complex at Lothal
Indian Ministry of Shipping, through its flagship programme Sagarmala, is closely working with Government of Gujarat state and other stakeholders to showcase India's rich maritime heritage through development of a World Class Maritime Heritage Complex (NMHC) at Lothal in the state of Gujarat.Preliminary work on design elements of the proposed heritage complex has been completed and consultations from experts are now under process. In order to further plan and take the project forward, a one day consultation workshop was held at Chatrapati Shivaji Maharaj Vastu Sanghralaya in Mumbai.
Newest Outpost for US Crude Exports: India
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare, with just a few deliveries since the U.S. lifted its ban on crude exports in late 2015. Indian refineries are starting to increase purchases as the country seeks to secure more supply from outside the Middle East. Refiners are testing both U.S.
Indian Seafarers Employment Soared 35% in 2018
The number of Indian seafarers employed on Indian or foreign flag vessels increased by 35 per cent in 2018 on the back of a series of measures taken in the last four years, said the shipping ministry. "The shipping sector has witnessed an unprecedented growth of 35 per cent in the number of Indian seafarers employed on Indian or foreign flag vessels this year. The figure rose from 154349 in 2017 to 208799 in 2018. Along with this, the number of students placed for on-board training also increased from 14307 last year to 19545 this year…
Maritime India Summit Road Show Kick Starts
Kolkata, 3rd Feb, 2016: Industry leaders, corporate heads, policy makers and senior executives took part in the very first road show which served as a run up to the Maritime India Summit’16. Maritime India Summit is being organized by the Ministry of Shipping at Bombay Convention and Exhibition Centre, in Mumbai. Hon’ble Prime Minister Shri Narendra Modi has kindly consented to inaugurate the Summit on 14 April 2016. This event will comprise of an Investors’ Summit and an Exhibition.
Indian Waterways Development in Big Way
The ongoing project on national waterways ‘Jal Marg Vikas’ is a Rs 5,400-crore World Bank funded project on the Ganga, being developed between Allahabad and Haldia to cover a distance of 1620 km. The Jal Marg Vikas Project (JMVP) for capacity augmentation of National Waterway-1 (NW-1) between Haldia and Varanasi is being implemented with the technical and financial assistance of the World Bank. The shipping ministry has released details about the present status of Multimodal terminal at Varanasi…
Indian Maritime Development Can Create 10 Million Jobs
Indian minister for shipping Nitin Gadkari has said port and shipping sector has potential to create nearly 4 million direct jobs and 6 million indirect employment opportunities over the next 5 years. Recalling Prime Minister Mr. Narendra Modi’s thrust on port led development, Mr Gadkari said his Ministry has drawn up projects with investment potential of Rs 1,20,000 crores, (US $ 18 billion) which will be showcased at the India Maritime Summit to be held in Mumbai from April 14 -16.
$301 mln Dredging Operation by JNPT
The board of Jawaharlal Nehru Port Trust (JNPT), India’s biggest container port, has approved Rs 2000 crore ($301 mln) dredging operation of the channel between Bombay Port Trust (BPT) and its own end to facilitate bigger ships docking/berthing at the port premises. Currently, the port with a draft of 14 metres (tidal) is capable of receiving ships that can carry 11,000 containers and on April 1, a ship with 13,900 containers will call on the port reflecting the greater draft capacity. The new proposal is to increase the depth to 15 meter.
Indian Merchant Navy Roadshow Targets University Cities
The Maritime Training and Research Foundation (MTRF) in India is unleashing a nationwide roadshow across Indian university cities to ramp up greater awareness of careers within the nation’s merchant navy. The roadshow will visit cities including Dehradun, Kolkata, Patna, Chennai, Poona and Chandigarh. It will see free career guidance given to Indian students keen on working as merchant navy officers across various categories aboard specialized cargo ships. MTRF is promoted by India’s apex shipping trade body - Maritime Association of Shipowners, Shipmanagers and Agents (MASSA).
India to Develop Port in Bangladesh
India is planning to establish a port in Bangladesh, says the Minister for Shipping, Nitin Gadkari. A high-level committee will be sent to the neighbouring country in this regard. "A shipping ministry delegation led by a joint secretary will visit Bangladesh next week to study the site and prepare a detailed project report," he said. A final decision will be taken after the recommendations from the committee, and investment proposals will be finalised only after that. However, a senior official said the proposal is to set up a port at Payra in Bangladesh and a detailed project report is ready.
India Targets $60 Bln Maritime Investments
Indian Shipping Ministry is targeting to get investments worth $60 billion (nearly Rs 3.99 lakh crore) for a five-year term for 240 projects for the success of the ambitious Sagarmala project. The maiden Maritime India Summit 2016 in Mumbai has resulted in investment commitments of nearly Rs 83,000 crore ($13 billion) in the shipping, ports and allied sectors, Union Shipping Minister Nitin Gadkari said. The Summit, aims to promote port-led development by harnessing the 7,500-km coastline, 111 waterways of 14,500 km.
India to Boost Cruise Tourism
Indian Minister of Shipping Nitin Gadkari has said that Cruise Tourism is one of the fastest growing components of the leisure industry worldwide, and can be a major growth driver for the Indian economy by generating huge employment opportunities. Gadkari was speaking at the National Workshop on “Action Plan for Development of Cruise Tourism in India”, in New Delhi today. The workshop was also attended by Minister of State for Culture and Tourism Dr Mahesh Sharma, and representatives…
India Unveils Road Map for Cruise Operations
The Shipping and Road Transport and Highways Minister Nitin Gadkari has said that the Indian government is committed to creating the right environment for promoting cruise tourism in the country. Speaking at Dawn of Cruise Tourism in India - an international conference organized by the Shipping Ministry at Mumbai Port today, he said that India has a huge potential of hosting nearly 40 lakh cruise tourists. Given the right impetus, the number of tourist ships visiting India can go up from the present 158 to about 955 per year.
India Invites Comments on Shipbreaking Code Changes
The proposals being considered for modifying the Shipbreaking Code, 2013 include allowing ports to define the location and permitting breaking of larger passenger liners. In pursuance of the directions of the Hon’ble Supreme Court in CWP 657 of 1995, in the matter of Research Foundation for Science Vs Union of India and another, Government of India in the Ministry of Steel had formulated and notified the comprehensive code for ship breaking and ship recycling, namely Shipbreaking Code, 2013, vide notification dated 7th March, 2013.
India Plans First LNG Facility in Haldia
The Haldia Dock Complex under Kolkata Port Trust has recently earmarked about 10 acres of land in the vicinity of Haldia Oil Jetty No. 1 for a period of 30 years for setting up of LNG storage facilities, with permission to lay pipelines and install unloading arms through tender cum auction. The project will be undertaken on land lease model by granting lease of land by middle of December, 2016. LNG facilities are expected to be developed within 24 months from date of allotment of land.
India Proposes New MCA for Port Sector
India's Shipping Ministry on Thursday proposed a new model concession agreement (MCA) to attract more private sector investments in the development of port infrastructure. The proposed MCA will replace the existing agreement which came into existence in January 2008. "The proposed MCA has taken into account the suggestions provided in various reports by Member Planning Commission (2010), Indian Ports Association (IPA-2015) and Kelkar Committee Report (2015)," says a press release from the Ministry.