Maersk introduces end-to-end export and import service at Kakinada
The Dollar Business Bureau Maersk Line India, the global containerised division of Maersk Group, announced on Monday that it is introducing export and import service offerings at Kakinada Port in Andhra Pradesh. “This end-to-end service (store door) will enable customers in the region to reach global touch points,” the company said in a statement. With this first time offering in Kakinada, Maersk Line will be able to containerise cargo at its origin, cut out wastage and complexities of dealing with multiple vendors and help move it to port in a cost-effective manner, the statement said. “This will have a direct bearing on rice farmers and growers in the region that would benefit from the ease that it brings and makes customers compete successfully in ...
GMR to invest 471 cr for LNG terminal at Kakinada
The Dollar Business Bureau GMR, a major player in the infrastructure sector on Sunday, announced its plans to build a liquefied natural gas terminal at Kakinada sea port in Andhra Pradesh. The project could be worth Rs.471 crore. The minutes of the meeting released by the EAC (Expert Appraisal Committee acting under the Ministry of Environment and Forests) says, “the project envisages a start-up capacity of 1.75 million tonnes per annum (MTPA) which comprises of captive use by GMR Energy Limited to the tune of 0.85 MTPA, with the balance for domestic piped and non-piped users within a radius of 450km.” According to the release, the facility has: all the necessary services or equipments for ship mooring and berthing, liquefied natural gas unloading ...
GMR Infra signs pact with Japanese firm to develop food park in Andhra Pradesh
The Dollar Business Bureau Kakinada SEZ Pvt. Ltd. (KSEZ), a subsidiary of GMR Infrastructure Ltd. has signed an agreement with Japanese construction major JGC Corporation (JGC) to jointly develop an export-oriented food processing park at Kakinada SEZ. As part of the agreement, GMR and JGC will jointly undertake a detailed study to develop and operate the food processing park which will cater to various food and agro processing sectors like sea food, fruits and vegetables, pulses and grains, dairy products, spices and nuts. “The significant traction built by the governments of India and Japan and the recent discussions between the Chief Minister of Andhra Pradesh and the Ministry of Economy Trade & Industry (METI), Govt. of Japan have persuaded Japanese industry ...
Indian Oil Gives LNG Storage Tank Contract to Japan's Mitsubishi Heavy Industries
Source: PTI Indian Oil Corporation, the country's largest fuel retailer, has awarded a contract to build two football stadium-sized LNG (liquefied natural gas) storage tanks at its upcoming Ennore LNG import terminal in Tamil Nadu to Japanese firm Mitsubishi Heavy Industries Ltd (MHI). "The LNG tanks will be the main facility at the first LNG receiving terminal to be constructed on India's East Coast," Mitsubishi Heavy Industries said in a statement. This is also the first LNG storage tank order that MHI has received from India. "Construction of the tanks is slated to begin in July of this year; completion is scheduled for the spring of 2018," MHI said. The high-capacity LNG storage tanks will have a capacity to hold 180,000 ...
