Indias 12 major ports register a growth of 3.46% during Apr-Nov
The Dollar Business Bureau The cargo traffic at country's major ports have witnessed a growth of 3.46% during April-November 2017 period, with the 12 top ports handling 439.66 million tonnes of cargo. “Major ports in India have recorded a growth of 3.46% and together handled 439.66 million tonnes of cargo during the period April to November, 2017 as against 424.96 million tonnes handled during the corresponding period of previous year,” said a statement by the Ministry of Shipping on Thursday. During the eight-month period, nine ports including Kolkata, Paradip, Chennai, Cochin, Visakhapatnam, Mumbai, New Mangalore, Kandla and JNPT have recorded a positive growth in cargo traffic. Cochin Port has registered the highest growth of 17.93%, mainly due to surge in the traffic of petroleum, oil ...
US crude export to India will bring economic stability, create jobs: Energy Secretary
The Dollar Business Bureau US Energy Secretary Rick Perry said on Thursday that export of crude oil from the US to India will help in creating jobs, and bring economic stability in both the nations. The statement comes after a few days of the first-ever consignment of American crude oil reached India. The shipment loaded last month from the terminals of Freeport in Texas and St James in Louisiana and reached at Odisha’s Paradip port on October 2. “This event represents the growing and important strategic energy partnership between the US and India, and I look forward to exploring new opportunities to expand the role of reliable, responsible, and efficient energy sources with our allies,” the Energy Secretary said. He said that following the ...
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 ...
Major ports witness 5.1% growth during Apr-Sept 2016-17
The Dollar Business Bureau The measures taken by the government to improve the performance of ports are showing results as the key ports in India recorded a growth of 5.1% in handling cargo during the first six months of financial year 2016-17 as against the same period in the last fiscal. The cargo traffic handled by the major ports during the period April-September 2016-17 was 315.4 million tonnes compared to 299.5 million tonnes handled during the same period last year. “The major ports in India handled 315.4 million tonnes of cargo during the first six months of FY 2016-17 (April-September) and showed a positive growth of 5.1% as compared to the same period last year. The cargo traffic handled by the major ports ...
Rate ceiling leaves no option for stevedores: Ishwar Achanta
By Sisir Pradhan Sisir: Sir, do you think the new Stevedoring and Shore Handling Policy would be able to bring in transparency in pricing and performance of various stevedoring and onshore cargo handling operations? Will it be helpful to curb cartelisation at major ports? Ishwar Achanta: The issue of a Stevedoring Policy has been around for some time now. Let me explain in a detailed manner. It is incorrect to say that cartelisation is present in all ports. One needs to check the performance of various ports. There are numerous stevedores operating at each port. As stevedores we welcome the move by the Government of India to regulate this industry. As far as the recent policy regarding Tariff Authority for Major Ports (TAMP), released ...
New policy for stevedores at all major ports
Sisir Pradhan In a bid to bring in transparency in the pricing of Stevedoring and Shore Handling operations, the Ministry of Shipping on Tuesday issued a notification to cap the tariffs set for stevedoring and shore handling activities at all major ports from 31st July 2016. It is mandatory for all 12 major ports to display tariffs for these operations on the port website. The ministry has asked all stevedoring agents holding licenses to handle cargo operation at major ports, to switch over to the new stevedoring and shore handling scheme effective from 31st July 2016. According to the new ruling stevedoring agents need to levy charges for stevedoring and cargo handling operations as fixed by the Tariff Authority for Major Port (TAMP). All ...
India's thermal coal imports up 1.3% in April-May
The Dollar Business Bureau India's thermal coal imports through 12 major public sector ports increased 1.3% at 18.33 million MT during April-May this year, from 18.09 million MT in the corresponding period previous year, as per the data released by Indian Ports Association on Wednesday. However, coking coal imports have decreased 8.4% to 8.7 million MT in the period of review against 9.5 million MT during the same period last year, according to the data. During the first two months of this financial year, Paradip port handled the maximum share of thermal coal imports at 5.1 million MT with 4% growth from 4.9 million MT in the previous year period. Another port in the east coast of India, Kolkata port has seen 17.8% decline ...
