Articles tagged under: Ports
September 15, 2020
Gandhinagar: The Government of Gujarat has approved a letter of intent for setting up world's first CNG terminal port at Bhavnagar. Consortium of Foresight Group, Padmanabh Mafatlal Group and Netherlands based Boskalis will develop this brownfield port. Detailed Project Report (DPR) and environmental clearance will take 18 months time now onward as letter of intent is approved. After approvals are granted, on-site construction will begin, which will take another three-year time.
According to...Read More
September 04, 2020
New Delhi: The Ministry of Shipping has directed all major ports to procure or charter tug boats which are only made in India. All procurements being done by major ports would now need to be carried out as per the revised ‘Make in India’ Order.
The Ministry of Shipping is aiming to promote Indian shipbuilding industry and also have discussion with some leading countries for Make in India shipbuilding. In the meantime, this decision of the Government will be a big move towards realizin...Read More
November 24, 2019
Gandhinagar: Gujarat Chief Minister Vijay Rupani has in-principle approved construction of a 485-metre long new jetty at the Navlakhi port by Gujarat Maritime Board (GMB) at a cost of Rs.192.33-crore to increase its capacity 20 million metric tonnes per annum (MMTPA).
This is in addition to Rs.40-crores assistance it has received from Central Government’s under Sagarmala Project for future development.
The Navlakhi port, in operation since 1939, handled 11.85 MMTPA cargoes from its 434 ...Read More
September 27, 2019
Gandhinagar: The Government of Gujarat today announced a new port policy, mainly benefiting the existing and future players of captive jetties.
Highlights of new policy
- 32 existing captive jetty permitted are now allowed to handle third party cargo.
- Existing captive jetty permitted will be able to increase the facilities for cargo handling, expansion and modernization and invest more for that.
- Group companies will also be allowed to handle cargo. Present captive jetty compani...Read More
June 23, 2018
A team of the Directorate of Revenue Intelligence (DRI) from Gandhidham has reportedly seized more than 20 tonnes of red sandalwood worth around Rs 5 crore in domestic and 10 crore in international market from Mundra port in Kutch district of Gujarat.
A DRI official said that the seized sandalwood was being smuggled to Dubai and Vietnam in two containers hidden under and in the garb of wash basins.
'The containers were seized today on the basis of intelligence input from Mumbai DR...Read More
April 22, 2018
Two foreigners, both members of crew of a Malaysian ship died of asphyxiation, in the vessel today in the Arabian sea near Navlakhi port in the gulf of Kutch off Gujarat coast.
In-charge PSI of Bedi Marine Police station in Jamnagar district where the bodies were brought, M B Zala said that the ship had brought coal from abroad and after unloading it was near the anchor port when one of the crew members went in to a chamber where the coal was kept. He fell unconscious ...Read More
January 11, 2018
Mumbai: A consortium of JSW Infrastructure, a part of Sajjan Jindal’s JSW Group, and Srei Infrastructure Finance Ltd is set to acquire the upcoming Sterling Port in Dahej from its lenders according to a report. Sandesara Group has to pay back Rs 300 crore to banks and Rs 80 crore dues to Gujarat Maritime Board for this project. Sterling Port promoters hold close to 74% equity in the port project, while the remaining stake is held by Sterling Biotech Ltd, the group’s publicly listed flagship ...Read More
January 08, 2018
Mumbai: Essar Ports Limited (EPL) today said that its investment of over Rs 2,800 crore in its Salaya and Vizag terminal projects has the potential to increase the company’s revenues by 30% in FY2018-19 on the back of third-party cargo growth.
Mr Rajiv Agarwal, CEO-EPL, said: “The two fully integrated and automated facilities at Salaya and Vizag further the goal of port-led development set by the Government of India and our Hon’ble Prime Minister Shri. Narendra Modi. It is also a manife...Read More
June 07, 2017
Ahmedabad: The cases of smuggling through ports in India by means of 'misdeclaration' would completely end in around two and a half years, Chairman, Federation of Freight Forwarders' Associations in India, Samir J Shah said today.
Addressing a press conference here Shah, also praised the union government for its efforts to streamline the export and import procedure in India and for proper implementation of Trade Facilitation Agreement (TFA), which according to him was likely to increas...Read More
December 18, 2016
Mumbai: Government's bid to create a level-playing field between major and non-major ports through the Major Port Authorities Bill puts the supremacy of the privately-run ports at risk, a brokerage report has said.
"The recent Cabinet approval to the Major Port Authorities Bill is a big step towards providing a more level-playing field to state-run major ports," says a report by Kotak Institutional Equities.
"With the major ports already upping the ante in 2015-16, the prospects of sustain...Read More
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