VPT Attracts Panamax Vessels

Friday, November 16, 2007
The Visakhapatnam Port Trust (VPT), which is continuing its supremacy over other ports in cargo handling, is attracting a large number of Panamax vessels after the first phase of deepening in Outer Harbour. The VPT, which was handling vessels with 195 metres LOA (length over all) and 10.21 m draft till recently, has attained the capability to handle Panamax vessels of 230 m LOA, 32.5 m beam and 0.7 m. draft with progress in completion of Inner Harbour deepening. The port is catering to Panamax vessels with 11 m draft. It will have night navigation for Suez max tankers calling at Outer Harbour shortly, once it is widened further. The VPT has undertaken work on augmenting its capacity by deepening the channels in the second half of 2005-06. Arrival of bigger ships will give the trade a better freight advantage over others, thereby decongesting the Outer Harbour. The second phase of deepening the Inner Harbour is proposed through one of the Build, Operate and Transfer (BOT) operator to facilitate arrival of Panamax vessels of 12.5 m draft. Visakhapatnam Steel Plant and Steel Authority of India Limited are the major beneficiaries due to arrival of Panamax vessels. While SAIL is getting coking coal from Australia for its units in other States, VSP is nominating gearless Panamax vessels. Steam coal is also being brought for various steel plants. [Source: Siasat]

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

VL-exit?

Earlier this week spot returns in the VLCC market touched their lowest level since October 2014, with TCE earnings for Middle East/Japan (TD3) falling close to $20,

RS Rules Conform to the IMO Goal-based Standards

The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime

Asia Tankers-VLCC Rates to Climb Slowly

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers

Ports

ABP orders Two Gottwald cranes

Terex Port Solutions (TPS) has received an order from Associated British Ports (ABP) for two electric Terex Gottwald Model 8 portal harbour cranes in the G HSK 8424 B four-rope grab variant.

Berthing Policy for Dry Bulk Cargo for Indian Ports Unveiled

Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all Major Ports which will come into effect from 20th August, 2016. The objective

World Trade Routes Won't be the Same with Expanded Panama Canal!

On 26th June 2016, a landmark development for the shipping industry will occur with the opening of the new third set of locks at the Panama Canal. Clarksons Research takes a look.

 
 
Maritime Contracts Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1052 sec (10 req/sec)