Dhamra Port News

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. Out of 111 National Waterways declared by the Government through the National Waterways Act, 2016, National Waterway-1 (Ganga-Bhagirathi-Hooghly river system from Allahabad to Haldia)…

India’s biggest private port operator Adani Ports and Special Economic Zone (APSEZ)  is actively looking at acquisitions to complete its “string of pearls” ports strategy, reports Livemint. CEO Karan Adani is leading the drive, it adds. In India, Adani Port is looking to expand its presence in Maharashtra and West Bengal, according to the paper. In overseas markets, the company is scouting for opportunities in Sri Lanka, Bangladesh, the US and Europe, apart from the ports planned in Australia. “The overall objective is to make the group a trans-shipment port company,” one company executive has been quoted as saying. Some of the company’s key acquisitions so far include Vizhinjam port in Kerala and Dhamra port in Odisha.

The government of Kerala State in India and Gujarat-based Adani Group has signed the work contract agreement for development of the Rs 7,525-crore ($12 billion) Vizhinjam International Deepwater Multipurpose Seaport. On July 15, 2105, Adani Ports and Special Economic Zone (APSEZ) had received 'Letter of Award' from Fisheries & Ports (E) Department, government of Kerala, for development and operation/maintenance of the Vizhinjam International Deepwater Seaport Project on public-private partnership mode on Design, Build, and Finance Operate & Transfer (DBFOT) basis. The Group has started forming the team that will manage the port project at Vizhinjam and aims to have the port ready in 1,000 days with construction starting this November, the group chairman, Gautam Adani said.

Odisha Cooperation and Excise Minister Damodar Rout today alleged that there has been a big conspiracy to curtail the business of Paradip port in Odisha. He said the Central government has knowingly hatched a conspiracy to make Odisha’s Paradip port defunct. Dr. Rout said the Port which bagged the Peacock award for handling the highest cargo traffic last year is now facing an alarming situation of reduced traffic handling. Rout said: "After the Adani group had taken over the control of Dhamara port from L&T, a section of BJP leaders at the Centre were trying hard to take away all the business from Paradip port to the advantage of Dhamra port.

Gas Authority of India Limited (Gail) and Indian Oil Corporation (IOC) signed a memorandum of understanding (MoU) to join Adani Group promoted Rs 5,000-crore ($805 mln)  Dhamra LNG Port (DPCL) project on the Odisha coast. The MoU comes within weeks of GAIL dropping plans to set up a floating LNG import terminal at Paradip. IOC too had in 2012 signed a MoU with Dhamra LNG Port Corp Ltd (DPCL) to develop a liquefied natural gas (LNG) terminal at the port. According to a Gail statement, the two public sector Maharatna companies have signed the MoU with Dhamra LNG Terminal Private Limited for setting up 5 million tonnes-ayear LNG import terminal.

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the fourth quarter and year ended March 31, 2015. Consolidated cargo across all ports handled by the company was 144 MMT in FY15, an increase of 28%, over corresponding period last year. Adani ports at Mundra handled 111 MMT cargo in FY15 thereby continuing its leadership as the largest commercial port business in India. The Mundra port registered a 10% growth in FY15 compared to 5% aggregate cargo growth at all major ports. Also, in case of containers, the Mundra port handled 2.72…

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the third quarter and nine months ended December 31, 2014. Consolidated cargo handled by the company was 108 MMT in 9M-FY15, an increase of 29%, over corresponding to same period last year. Adani ports at Mundra handled 84 MMT cargo in 9M-FY15 thereby continuing its leadership as the largest commercial port business in India. The Mundra port registered a 13% growth in 9M-FY15 compared to 5% aggregate cargo growth at all major ports. Also, in case of containers, the Mundra port handled…

Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced financial results for the quarter and half year ended September 30, 2014. The company reported a 67.7 per cent rise in consolidated net profit at $ 95.6 million for quarter ended September 30, helped by strong cargo growth volume. The company’s net profit in the corresponding period of the last fiscal stood at $ 56.97 million, APSEZ said in a filing to the BSE. Consolidated cargo handled by the company was 69.01 MMT in H1FY15, an increase of 26%, over corresponding to same period last year. Adani ports at Mundra handled 55.43 MMT cargo in H1FY15 thereby continuing its leadership as the largest commercial port in India.

Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced financial results for the quarter ended June 30, 2014. Consolidated cargo handled by the company was 33.83 MMT in Q1FY15, an increase of 27%, over corresponding quarter last year. Adani ports at Mundra handled 28.86 MMT cargo in Q1FY15 thereby continuing its leadership as the largest commercial port in India. The Mundra port registered a 22% growth in Q1FY15 compared to 4% aggregate cargo growth at all major ports. Also, in case of containers, the Mundra port handled 681,000 TEUs in Q1FY15 as against 477,000 TEU’s in corresponding quarter last year resulting in a 43% growth as compared to growth of 4% aggregate growth in container volumes at all the major ports.

Adani Ports has acquired an interest in Dhamra Port, situated between the major ports of Haldia and Paradip. Adani Ports and Special Economic Zone recently announced the much-anticipated acquisition of Dhamra Port Company Limited (DPCL), a joint and equal ownership by Larsen and Toubro and Tata Steel. DPCL is a concessionaire at Dhamra Port (in the state of Odisha on the east coast of India) and has been entrusted with the responsibility of building and operating a multi-user, multi-cargo port. DPCL holds a 34-year concession which can be renewed for two additional 10-year periods. Adani Port reportedly had been awaiting environmental clearances (received early this year) for Phase 2 expansion at the port and has also been serving as management consultants to the port.

Inchcape Shipping Services (ISS) is advising that India’s Kolkata port is expecting to begin trans-loading operations from a new anchorage location within the Kanika Sands area by around June 2013. The Kolkata Port Trust declared the new trans-loading location to the south-west end of Kanika Sands is expected to begin in around three months’ time and follows Dhamra port authorities’ and Odisha Government’s opposition to a previously identified area nearer to Dhamra port. The new location is approximately 30 kilometres east of Dharma port. The Kolkata Port Trust will trans-load 70 per cent of the cargo to barges for respective destinations, while the rest will be transported to the Haldia dock complex.

Singapore – Soaring demand for liquefied natural gas (LNG) across Asia is driving major new investments into exploration and infrastructure capabilities. This will stimulate growth in the region’s rapidly expanding offshore and marine sector, as new developments will require additional offshore assets and support services from regional players. Furthermore, due to the synergies between Asia’s gas reserves and ship-design capabilities, the region could pioneer a long-term move toward more LNG utilization to reduce vessel emissions and fuel bills of the offshore support vessels supporting these projects. However, seizing these growth opportunities and moving towards gas-powered vessels of the future…