Direct Port Delivery: To whose advantage?
By Abin Daya The Government is working to improve the ‘ease of doing business’ ranking of the country, and one of the areas of focus is the time it takes for manufacturers to get their imported raw materials and components, out of the port and into their factories. The numbers are not very encouraging, and it currently takes about 9-10 days to get a container out of the port and on its way to the manufacturer. With a view to improving this, the Direct Port Delivery arrangement was started in 2016. How is it faring? Please read on in this week’s update. The most important story of this week, definitely, is the 25 bps cut that the Monetary Policy Committee permitted on ...
Cargo volume at 12 major ports up by 6.3% in April 2017
The Dollar Business Bureau April 2017 saw an increase in cargo movement at India's 12 major ports, which handled a total capacity of 55.75 million tonnes (mt) during the month. An increase of 6.27% was recorded, in comparison with the cargo volume reported in April 2016, which stood at 52.46 mt. The increase in cargo traffic was attributed to the rising demand demonstrated for raw materials like iron ore and coking coal. During the month, Iron ore volumes spiked by 40% to 5.37 mt while coking coal traffic grew by 15% to 4.61 mt. Demand in the container traffic sector also shot up, as a result of which volumes rose by 9.78% to 7 lakh TEUs (twenty foot equivalent units). POL (petrol, oil and lubricants) also witnessed a rise of 7% in ...
Chennai Intl terminal sets new productivity record for South and East India
The Dollar Business Bureau Chennai International Terminals Pvt Ltd (CITPL), a wholly-owned subsidiary of PSA International Pte Ltd, set a new productivity record for container terminals in South and East India on 14 August 2016 when it achieved a vessel productivity rate of 169 moves per hour, by handling 1984 box moves in just under 12 hours for Bengal Tiger Line’s vessel ‘MV Euromax’. Mike Formoso, Managing Director, PSA India, said “This record-breaking feat underscores the commitment of CITPL’s management and staff towards striving for ever higher performance levels. I would like to congratulate the CITPL team and thank our valued customers for their continued support and trust. Speaking to the media Mike expressed his gratitude to the Chennai Port Trust for taking important steps ...
Kamarajar to act as an alternative for Chennai Port
The Dollar Business Bureau In order to prevent the traffic congestion at Chennai Port, the traders will be using Kamarajar Port Ltd (KPL) as an alternative way to ship their products to other ports starting this Friday. The KPL will spend Rs.20 crore for deepening the creek to increase the flow of water from the port to the sea. After receiving the necessary approvals, the awarded agency would start work on this project. Generally, it takes three or four days for container-laden vehicles to reach Chennai Port Trust after getting various clearances at different Container Freight Stations. To ease traffic congestion at the Outer Ring Road and Ennore Manali Road, the government has tried many strategies. Now, officials of both Chennai port ...
Container movements at ports up 1.92% during April-October
The Dollar Business Bureau Container movements at major government-run ports have increased marginally by 1.92% between April and October this year despite the continuous decline in India’s outbound shipments. According to the Federation of Indian Export Organsiations (FIEO), 12 major state-owned ports have collectively handled 4.76 million 20-foot-equivalent units (TEUs) during April-October period, up 1.92% from last year’s 4.67 million TEUs. During the first seven months of 2015-16, two of India’s largest ports— Jawaharlal Nehru Port (JNPT) and Chennai Port – together accounted for about 80% of India’s total containerised cargo traffic moving through ports. Mumbai-based JNPT handled 2.61 million TEUs, up 0.3% from last year’s 2.6 million TEUs and Chennai Port, India’s second largest public container port, accounted for 934,000 ...
CONCOR starts new weekly train between Krishnapatnam Port and ICD Whitefield
Sisir Pradhan | The Dollar Business Container Corporation of India (CONCOR) has started a new train weekly service between Krishnapatnam Port Container Terminal (KPCT) and Inland Container Depot (ICD) at Whitefield in Bengaluru. The new freight train service started its maiden run on June 19, 2015 with a full load of import laden containers belonging to traders in Bengaluru city region. Given the fact that due to bad road connectivity and limited rail service to Mangalore Port, majority of importers and exporters in the region prefer other ports like Chennai, Kochi, Krishnapatnam and even Tuticorin. The new weekly rail service will help more efficient and faster transit of containers between the ICD and the port. Due to the new service traders ...
Multi-purpose berths at six major ports to boost international trade
The Dollar Business Bureau In an effort to boost international trade, the government has decided to develop multi-purpose berths at six major ports with an investment of more than Rs 1,600 crore in the next three years. The move is aimed at increasing the ports cargo handling capacity and reducing the turn-around time for commercial vessels at Indian coasts. “These projects will enhance the capacity of respective ports to handle a variety of cargoes and meet the requirement of the trade,” said Pon Radhakrishnan, Minister of State for Shipping. The project will cover Odisha’s Paradip Port in eastern coast and Goa’s Mormugao Port in western coast. In southern costs, Karnataka’s New Mangalore Port, Tamil Nadu’s Kamrajar Port and Andhra Pradesh’s Visakhapatnam ...
