Paradip Port Achieves Record Coal Discharge
Paradip Port has achieved a record discharge of 62,730 MT of coking coal for a conventional berth in a time-frame of 24 hours overcoming its previous high of 55,337, MT. Located at 210 nautical miles south of Kolkata and 260 nautical miles north of Visakhapatnam on the east coast of India in the Odisha state on the shore of Bay of Bengal, the port had berthed MV Pacific Energy at CQ1 carrying 87,551 MT coking coal for Jindal Power and Steel Ltd on January 5 at 1536 hours after the vessel arrived on January 4.
India: Cargo handled at Major ports in April up by 9%
India’s 12 major ports handled 47 million tonne cargo, which was up by 9 per cent year-on-year, in April – the first month of the current financial year. Tuticorin Port (V.O. Chidambaranar) recorded highest traffoc growth of 36.3 per cent last month followed by Mumbai port which achieved 31 per cent increase and Murmugao 23.2 per cent in comparison to the April month last year according to the Indian Port Association. Kanlda port handled over 6.9 MT cargo last month, the highest among the ports, with a share of 14.7 per cent, followed by Paradip port which handled over 6.4 MT. “In all, over 47 MT (cargo) was handled last month by various major ports of the country,” the release said.
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…
Ports to Acquire Controlling Stakes in Dredging Corporation of India
India's three major ports, including Paradip in Odisha, may acquire a stake in Dredging Corporation of India (DCI) based on availability of surplus funds lying with them."In a meeting chaired by Secretary (Shipping) with Chairmen/Chairmen I/C of Major Ports, held on 18th June 2018, the disinvestment proposal of Dredging Corporation of India Ltd (DCI) was discussed," Minister of State for Shipping Mansukh L Mandaviya informed the Parliament."It was suggested that Visakhapatnam Port Trust (VPT)…
Paradip Port on a robust expansion mode
Paradip Port, one of the twelve major ports of India, located close to the mineral rich states on the East coast plans to add significant capacity to meet the ever increasing demand in the region. As a part of its capacity expansion program, Paradip Port Trust intends to develop a Western Dock complex comprising of 6 berths each with a capacity of at least 10 MTPA. In this regard, PPT conducted a conference yesterday for potential investors to present the opportunity and take feedback from the investor community.
Berthing Delays At Indian Ports For Heavy Lift & ODC vessels
Because of their longer turnaround time heavy lift and project cargo vessels are not being given preferential berthing at most leading Indian ports creating in a kind of a 'pseudo congestion' situation at most ports. Besides, there is a lack of storage space generally at most ports for heavy lift and ODC (Over dimensional cargo) further aggravating the situation. 1) In Mumbai Port as on date there is berthing delays of approx 2 to 3 days for BPS & BPX berths and for Harbour wall berth the delay in getting berthing is approx 1 day. However, there is no delay inside Indira docks. 2) Waiting time at Nhava Sheva shallow water berth is nil to 1 day and depends further on the performance of ships at berth and cement vessel calling in near future.
Indian Ports Register 6.79% Growth in Traffic
The twelve major ports under the Ministry of Shipping, India handled a record 647.43 MT of traffic in 2016-17, registering an annual growth rate of 6.79 percent, as against 4.32 percent last year. With this, these ports have out- performed private ports for the second consecutive year. The private ports have registered a traffic growth rate of 4 percent this year. The top position in cargo handling was retained by Kandla Port that handled 105.44 Million Tonnes of cargo, registering a growth of 5.39% over last year.
Heavy Lift & Project Vessels Face Berthing Delays at Indian Ports
Heavy Lift & Project vessels calling at Indian ports are experiencing congestion, which according to the trade is an artifically created situation. They point out that unlike other vessels, Heavy Lift vessels turnaround time may extends to two to three days or even more. As a result preference is given to other vessels. * In Mumbai Port, berthing delays of approx 8 to 10 days in normal group and for priority vessel 3 to 4 days for vessel opting for BPS & BPX berths,and for Harbour wall berth it is 3 to 4 days. No delays inside Indira docks. * Waiting time in Nhava Sheva shallow water berth is NIL to 1 day and depends further on the performance of ships at berth and cement vessel calling in near future.
Essar Ports Handles Record Volume
On the back of increased production by its anchor customers, Essar Ports Limited (EPL) has registered significant growth in cargo handling over the last three months. In March 2016 alone, EPL’s four operational ports handled total cargoes of 6.25 million tonnes (MMT), which translates to a run rate of 75 million tonnes per annum (MTPA). With the recent commissioning of the 20 MMT Salaya Bulk Terminal, cargo handling will see a further boost in FY2017. The contribution of third-party traffic to overall cargo handling stands at about 10% currently.
Essar Ports Acquires Vizag Port's Iron Ore Complex
Essar Ports Ltd. (EPL) today announced the taking over of Vishakhapatnam Port Trust’s (VPT) Iron Ore Handling Complex on a Build-Operate-Transfer (BOT) basis, for a period of 30 years. Essar Vizag Terminals Ltd. (EVTL), a wholly owned subsidiary of EPL, will comprise three berths (two outer harbour berths and one inner harbour berth) with a combined capacity of 23 Million Tonnes per Annum (MTPA) which will be developed in two phases. “Enhancing the cargo handling capacity and mechanization of port facilities for efficient management is crucial for long term sustenance.
Berthing Delays for Heavy Lift Vessels at Indian Ports
Heavy Lift vessels visiting Indian ports are in for berthing delays at various ports. * In Mumbai Port, berthing delays of approx 10 days for vessel opting for BPS & BPX berths and for Harbour wall berth it is 8 days. For priority vessel it is approx 4 to 5 days. No delays inside Indira docks. * Waiting time in Nhava Sheva shallow water berth is NIL to 1 day and depends further on the performance of ships at berth and cement vessel calling in near future. * Kandla port - berthing delays in normal import is 8 to 9 days & normal export group is approx 2 to 3 days, and in 24 hrs group it is expected to be between 24 hrs to 36 hrs. * Mundra port is presently free from congestion. * Adani Hazira port - situation is normal. * Waiting period at Adani Dahej port is approx min 8 to 10 days.
Odisha’s Paradip Port on the Verge of Closure?
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…
India Organizes Workshop on Coastal Shipping and Inland Navigation
The Ministry of Shipping in India is organizing a workshop titled ‘Promoting Coastal Shipping and Inland Navigation in India’ in Bhubaneswar, Odisha state today. This is the second in a series of workshops the Ministry plans to hold over the next 6-8 months to create awareness about the Sagarmala programme amongst the stake holders and to engage with them. India’s 7500 kms of coastline and almost 14,000 kms of navigable rivers provide the perfect platform for the development of integrated water based transport system for domestic and EXIM freight as well as passenger transport.
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.
India: Big Push on Coastal Shipping of Thermal Coal under Sagarmala
The State Government of Odisha will partner the Ministry of Shipping for taking ahead the ‘port-led development’ agenda under Sagarmala, the flagship program of the Ministry. The State Government has confirmed 10% equity participation in the Special Purpose Venture (SPV) of Indian Port Rail Corporation Ltd (IPRCL) that will be formed for development of a heavy haul rail corridor from Salegaon to Paradip port. This initiative will strengthen supply-side connects from mine to port and will boost coastal movement of 140 MTPA of coal, as envisioned in Sagarmala National Perspective Plan.
Paradip Port Cargo Volume Looks Up
Among five major ports on the east coast Paradip Port topped the list with 28.65 million tonnes of cargo for the first four months, followed by Chennai Port 17.42 million tonnes, V.O.C Port 13.07 million tonnes, Krishnapatnam Port 11.57 million tonnes and Kamarajar Port close to 9 million tonnes. The five ports have collectively handled about 80 million tonnes of cargo during the first four months of the current fiscal year, fuelled by imports of coal and petroleum, oil and lubricant (POL) products.
India's 12 Major Ports Capacity Increased to 1,359 MT
The Ministry of Shipping has re-rated the capacities of all berths across 12 Major Ports in order to benchmark port capacities with global standards as per Berthing Policy, 2016. The Re-rating exercise identified an additional capacity of 293MT available with the Major Ports. The effective rated capacity of 12 Major Ports is now 1,359 MT per annum and capacity at desired occupancy is 989 MT per annum. The effective rated capacity of Kandla Port is 246 MT, that is highest among Indian port, followed by 234 MT of Paradip Port.
Essar’s Paradip Terminal Hits Record Throughput
Essar Bulk Terminal Paradip Ltd (EBTPL) has surpassed several of its own performance benchmarks in the first few months of the current fiscal. In the period, EBTPL achieved the highest load rate ever recorded at Paradip port. This was made possible through loading of bigger parcel sizes, faster turnaround of vessels and minimised berth stay durations. EBTPL successfully loaded more than 100,000 tonne of pellets into MV Shravan (sailed) at an average load rate of almost 4,300 tonnes per hour (TPH), which is a record.
India's Paradip Port Mechanization Project Approved
The Cabinet Committee on Economic Affairs (CCEA), Government of India, chaired by the Prime Minister Narendra Modi, has given its approval to the project of Mechanisation of East Quay (EQ) Berths-1, 2 and 3 at Paradip Port on Build, Operate and Transfer (BOT) basis, under Public Private Partnership (PPP) mode' for handling thermal coal exports. The estimated cost of the project is Rs.1437.76 crore of which Rs. 1412.76 crore will be spent by the concessionaire. The remaining Rs.25 crore will be spent by the Paradip Port Trust on dredging.
IWAI Signs MoUs Dredging Corporation
Development of Inland Water Transport is a priority of the Ministry of Shipping. After the declaration of 106 new National Waterways, in addition to the existing 5 National Waterways, under the National Waterways Act, 2016, the responsibilities of Inland Waterways Authority of India (IWAI) have increased manifold. To ensure the development of the National Waterways in a time-bound and effective manner, the IWAI in the presence of Nitin Gadkari , Hon`ble Minister of Shipping and…
India Allocate Funds for Development of Inland Waterways
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.
Essar Ports Profits up by 5%
Essar Ports Ltd. a part of Essar, today announced its unaudited results for the quarter ended 31st December 2014. Revenue for the quarter stands at Rs. 434.3 cr, an increase of 9% over corresponding quarter in FY14. EBITDA at Rs. 359.6 cr in Q3 FY15, an increase of 11% over corresponding quarter in FY14. Commensurately, net profit for the quarter increased to Rs. 98.3 cr which is 5% higher than in the corresponding quarter of FY14. Earnings per Share for Q3 FY15 was at Rs 2.30. Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd.
Indian Ports to Implement RFID
All Major Ports have been directed to implement the Radio Frequency Identification (RFID) system to track the movement of men, materials and vehicles within the port premises on real time basis. Implementation of RFID system will eliminate manual checking of documents at port gate and real time tracking of movement of vehicles, men and materials. This would reduce congestion and also cost of operations at Ports. Ports have been directed to have the RFID system in place by 31.03.2017.