Tech Mahindra to Manage Indian Ports
Indian Ports Association (IPA) has appointed Tech Mahindra as the Managed Service Provider for five major ports. This is the first such outsourcing deal in the major ports.Tech Mahindra will build and maintain an enterprise business system (EBS) to modernise and automate port processes at five Central government-owned port at Mumbai ,Kolkata, Chennai, Deendayal Port and Paradip Port Trust.This initiative is a major step towards integrating the maritime sector and fostering growth…
Haropa Ports sees double digit maritime trade with India
France-based Haropa port expects maritime trade with India to grow at double digit this calendar year after having reported 7% growth in 2016, said Herve Martel, , CEO - Port of Le Havre & President- HAROPA ports. “We have received encouraging response from the Indian policy makers as also from port, shipping lines & Indian trade during our four day visit to India and we hope to build upon this momentum with increasing French investments taking place in India,” Martel said at the concluding leg of the multi city road show that took place in Delhi, Chennai, Ahmedabad and finally in Mumbai.
Indian Ports to Go Green
The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’ has been emphasizing on use of renewable sources of energy to power Major Ports across the nation. The Ministry aims to set up 91.50 MW of solar energy capacity at the twelve Major Ports and 45 MW of wind energy capacity by the two Major Ports of Kandla and V. O. Chidambaranar. Major Ports have started the process of setting-up renewable energy projects by investing Rs.704.52 crores ($ 104 million) in these projects.
India Looks at Port Dependent Industries in Major Ports
India's Ministry of Shipping held a consultation meeting with various stake holders on ‘Policy for Award of Waterfront and Associated Land to Port Dependent Industries in Major Ports’ in New Delhi. The policy was approved by the Union Cabinet earlier this year and is aimed at bringing uniformity and transparency in the procedure for awarding captive facilities at ports. The meeting was attended by various stakeholders from companies such as Indian Oil Corporation Ltd, Bharat Petroleum…
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.
Maritime India Summit Attracts $12.5 billion Investment
The first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores ($12.5 billion), says the Ministry of Shipping. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports, State Maritime Boards and PSUs like Shipping Corporation of India, Cochin Shipyard Limited, Inland Waterways Authority of India etc. Some of the major Indian companies who have signed agreements include the Adanis, Jindal, Vedanta, ESSAR, and Shapoorji Pallonji Company.
Antwerp Port Expands Activities in India
Port of Antwerp International (PAI), the international consulting and investment subsidiary of the port of Antwerp, and APEC, maritime training and education, conduct their activities in India strongly. Recently, under the impetus of the Indian Ministry of Shipping, signed an agreement with the Indian Ports Association PAI gives the order to develop the major Indian ports, called major ports, jointly audit and a joint optimization project. In connection with the execution of this contract there are two teams of PAI in India to screen the ports of Kandla and Paradip.
Indian Port Workers to Launch Indefinite Strike
Port and dock workers in India are planning to go on an indefinite strike starting March 16th – they are protesting the government’s move to corporatize major ports. The original decision by workers to go on an indefinite strike from March 9 has been tentatively postponed to March 16, following a meeting called by the chief labour commissioner (CLC). According to S R Apraj, general-secretary, Mumbai Port Trust, on March 9, a meeting is scheduled with the Indian Ports Association; on March 12 with the shipping secretary; and, on March 13 with the CLC.
India's Coal Imports Causing Port Congestion
Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing shiploads of coal due to a severe shortage at home, leading to heavy congestion in one of the country's busiest ports that now has twice the number of vessels waiting than its available berths. The over-crowding at Paradip port in eastern Odisha could derail India's efforts to prevent a shutdown of more than half of its power plants which are running on stocks of less than a week in the worst deficit since a massive blackout in 2012. While Power and Coal Minister Piyush Goyal has urged power firms to bring more coal into India - already the world's No.
Cargo traffic at 12 Indian major ports up by 1.78%
Indian Ports Cargo traffic at 12 major ports in the country recorded a marginal increase of 1.78 per cent at 555.50 million tonnes (MT) during 2013-14.The cargo throughput at 12 major ports of India stood at 545.79 MT in 2012-13. Kandla port handled the highest 87 MT traffic during 2013-14, followed by 68 MT cargo by Paradip Port and 62 MT by Jawaharlal Nehru port, as per the data by Indian Ports Association (IPA). Mumbai port recorded 59 MT traffic while Visakhapatnam Port received 58 MT cargo. Chennai Port received 51 MT traffic. These ports had handled 560.13 MT of cargo in 2011-12 while the same was 596.03 MT in 2010-11. The present capacity of major ports is only about 700 MT , while the Maritime Agenda of the Ministry has fixed a target of 3130 MT capacity addition by 2020.
Indian Ports' Coal Import on the Rise
India's major state-owned ports handled 17 percent more imported coal in the fiscal year ended March, according to data from the Indian Ports Association (IPA), as its coastal power firms stepped up generation to meet growing demand. A rush to add power capacity after years of under-investment has forced Indian generators to increase coal imports as state-run domestic monopoly Coal India Ltd has struggled to meet demand. Coal-based power generation rose 8 percent to 587.64 billion kilowatt-hours in April-January. The rising demand from India, Asia's third-largest economy and the world's No. 3 coal importer, has helped coal producers in Indonesia and Australia cope with global oversupply and a price slump.