Major ports register growth of 3.27% during Apr-Oct
The Dollar Business Bureau The major Indian ports have witnessed a positive growth of 3.27% during first seven months of the current fiscal, with the highest growth recorded by Cochin Port at 17.66%. In terms of commodity, the highest growth was recorded in the cargo of petroleum, oil and lubricants (POL) at 34.07%. “The major ports in India have recorded a growth of 3.27% during the period April to September, 2017 and together handled 383 million tonnes of cargo as against 371 million tonnes handled during the corresponding period of previous year, said a statement by Ministry of Shipping. Out of a dozen major ports, eight ports including Cochin, Kolkata, Chennai, Paradip, Mumbai, New Mangalore, Kandla and JNPT witnessed a positive growth in traffic during the ...
Major ports register growth of 3.27% during Apr-Oct
The Dollar Business Bureau The major Indian ports have witnessed a positive growth of 3.27% during first seven months of the current fiscal, with the highest growth recorded by Cochin Port at 17.66%. In terms of commodity, the highest growth was recorded in the cargo of petroleum, oil and lubricants (POL) at 34.07%. “The major ports in India have recorded a growth of 3.27% during the period April to September, 2017 and together handled 383 million tonnes of cargo as against 371 million tonnes handled during the corresponding period of previous year, said a statement by Ministry of Shipping. Out of a dozen major ports, eight ports including Cochin, Kolkata, Chennai, Paradip, Mumbai, New Mangalore, Kandla and JNPT witnessed a positive growth in traffic during the ...
India ships first consignment of wheat through Chabahar port
The Dollar Business Bureau India on Sunday sent its first shipment of wheat to Afghanistan via the Iranian port of Chabahar, bypassing Pakistan. This is seen as a ‘landmark’ step to operationalise an alternate transit route. The consignment was flagged off from the port of Kandla in Gujarat with Union Minister of External Affairs Sushma Swaraj and Afghanistan Foreign Minister Salahuddin Rabbani joined the ceremony via video conferencing. “The shipment of wheat is a landmark moment as it will pave the way for operationalisation of the Chabahar port as an alternate, reliable and robust connectivity for Afghanistan,” Ministry of External Affairs said in a statement. In June this year, India and Afghanistan had started a direct air freight corridor to enhance trade between the two countries ...
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 ...
Major Indian ports show 6.8% growth in cargo handled during 2016-17
The Dollar Business Bureau According to information released by the Ministry of Shipping, the government-managed ports have outperformed the private ones with respect to growth in the volume of cargo handled during FY 2016-17. While the private ports registered a growth rate of 4%, the public ports grew by 6.79% annually, as against 4.32% in the previous year. Collectively, the twelve ports managed by the Ministry of Shipping handled 647.43 MT (million tonnes) of traffic during the year. Individually, Kandla Port handled 105.44 Million Tonnes of cargo, securing the position of the largest volume handler and growing at 5.39%. Paradip Port stood second with 88.95 Million Tonnes of volume, registering a high growth rate of 16.45%. Growing at 3.17%, the Mumbai port bagged the third place with 63.05 Million Tonnes of cargo handled. The Jawaharlal Nehru Port (JNPT), India's largest container port ...
IKEA seeks 450 acres at Kandla port cluster
The Dollar Business Bureau IKEA the Swedish furniture maker has expressed interest in India’s burgeoning infrastructural growth. The company has shown interest in a planned cluster at Kandla Port and wants to be allotted 450 acres in it. This was revealed to the media by Nitin Gadkari, Minister for Road Transport and Highways and Shipping. Speaking at the launch of a report by TCI-IIM Calcutta on freight transportation by road in India, the Minister said that the company has planned clusters for furniture production at the Kandla port and seeks 450 acres of land near the port. Gadkari said that the furniture maker would give technology, expertise and know-how to the proposed cluster and also purchase the finished products. “IKEA is ready ...
