Govt to extend support to promote cruise tourism
The Dollar Business BureauReviewing the operations of Cochin Port Trust, Minister of State (MoS) for Road Transport, Highways and Shipping Pon Radhakrishnan said the ministry will extend adequate governmental support to promote cruise tourism. Radhakrishnan also appreciated the steps taken by Cochin Port to install RFID-based Gate Access System and online berth allotment system to facilitate trade and enhance efficiency, an official announcement said. The MoS also noted that the waiver of penal interest has helped to enhance the creditworthiness of Cochin Port, while allowing it to pursue new projects. Expressing interest in promoting the cruise tourism activities of Cochin Port, Radhakrishnan gave his nod for the new cruise terminal project at Ernakulam wharf, which envisages to accommodate cruise vessels in a manner akin ...
Vallarpadam terminal sets 4 lakh TEUs container handling record
Sisir Pradhan | The Dollar Business International Container Transhipment Terminal (ICTT) at Vallarpadam for the first time since its inception has handled more than 4 lakh TEUs (twenty foot equivalent units) in a single financial year. The terminal which was developed with a vision to boost India’s container transhipment and check rising outflow of transhipment containers to Colombo, has been in troubled waters for various reasons since its commissioning in 2011. A special purpose vehicle, India Gateway Terminal Pvt. Ltd. was formed in 2004 to develop the terminal with Dubai-headquartered DP World having a majority equity holding of 81.63%. Despite having a dedicated road and rail connectivity and a terminal with 14.5 metre draft and capability to handle post panamax vessels, ...
