Search Result for : Cargo Handling

The Dollar Business Bureau Jawaharlal Nehru Port Trust (JNPT), India’s biggest container port, recorded a rise of 5.11% in container traffic by handling 1.20 million TEUs, during the first three months of the current fiscal over the same period last year. “India’s largest container port, Jawaharlal Nehru Port Trust (JNPT), registered a 5.11% growth in container traffic in the first quarter of the current financial year by handling 1.20 million TEUs as compared to 1.14 million TEUs in the corresponding quarter of the last financial year,” Ministry of Shipping said in a statement.  TEU or twenty-foot equivalent unit are used for measuring the cargo carrying capacity of a ship. Port owned container terminal, Jawaharlal Nehru Port Container Terminal (JNPCT) handled 4.01 lakh TEUs during the April-June ...

The Dollar Business Bureau  The Adani Group-Kamarajar Port’s container terminal worth Rs.1,270 crore at the Port is likely to be functional in a month’s time, said a top official on Monday. In March 2014, Kamarajar Port Ltd and Adani Group had inked a ‘concession agreement’ to establish the container terminal at a cost of Rs.1,270 crore in two phases. After completion, the container terminal would have a capacity of handling 1.4 million TEUs (twenty foot equivalent units), with 730 metres quay length. “It is a big achievement for us. It is the first time that Kamarajar Port Ltd is going to handle this kind of project. We expect it to be ready in a month’s time,” M A Bhaskarachar, Chairman and Managing Director of ...

The Dollar Business Bureau The government has extended the period of services export for rewards under the Services Exports from India Scheme (SEIS) upto March 31, 2017. Currently, the services and rates of rewards were applicable only for services exports made between April 1, 2015 and March 31 2016. “The earlier notified period of services export rendered between 1-4-2015 to 31-03-2016, as per the list comprising rates and conditions for rewards under the SEIS notified vide Public Notice No.3/2015-20 dated April 1, 2015 as amended vide Public Notice no.42/2015-20 dated 26.10.2015, is extended upto 31.03.2017,” the Directorate General of Foreign Trade (DGFT) said in a notification on Friday. The list of services/rate is subject to review with effect from April 1, 2017, the notification ...

 The Dollar Business Bureau In the Union Budget 2016-17, the government has given a clear emphasis on improving the country’s infrastructure by giving a major impetus to all forms of transport infrastructure. Encouraged by the country’s port’s cargo handling performance last year, the government ensured that it made sufficient provisions to improve port infrastructure, as a step to woo the industry. As a part of such move, the Ministry of Shipping on Thursday informed about a few decisions that were taken in this regard. The Ministry informed that it has created a supportive infrastructure to the Cochin port, owing to its connectivity to international shipping centres (located around 50 nautical miles from the international shipping routes between Europe and Far East ...

A total cargo handling target of 644.35 MTPA has been set for 13 ports, including Kandla and Paradip, for the next financial year Source: PTI According to the Shipping Ministry, 70.56 MTPA has been added during 2015-16 up to February 15, 2016   Major state-owned ports recorded an operating profit of Rs.3,456.95 crore in the current fiscal up to January and several steps are being taken to modernise them, the government said on Thursday. Observing that modernisation and upgradation of ports was an ongoing process, Shipping Minister Nitin Gadkari told the Lok Sabha that a total cargo handling target of 644.35 MTPA (Million Metric Tonnes Per Annum) has been set for 13 ports, including Kandla and Paradip, for the next financial year. He said the ...