Ports & Shipping

The Visakhapatnam Port Trust (VPT) has granted approval to extend the concession in port dues and pilotage charges to container vessels berthed at the Visakha Container Terminal. A concession of 35 per cent will be […]

Vedanta Limited has signed a concession agreement for the redevelopment of barge berths and berth nos. 8 and 9 at Mormugao port at an estimated cost of Rs 11.45 billion. The company received the letter […]

The Directorate General of Shipping (DGS) has extended the date for the electronic submission of verified gross mass (VGM) from September 30, 2016 to November 30, 2016. In November 2014, the International Maritime Organization approved […]

The central government has given in-principle approval to a Rs 5.15 billion grant for the development of Sagar port in West Bengal. The grant has been given to make the project financially viable. A special […]

The Ministry of Shipping (MoS) has proposed a new model concession agreement (MCA) for the port sector to replace the present MCA, which came into existence in January 2008. The proposed MCA has taken into […]

The Mumbai Port Trust (MbPT) has permitted the berthing of dry bulk cargo vessels at the offshore container terminal (OCT) at the port on a trial basis. The two vessels that were allowed to berth […]

The foundation stone for the Varanasi multimodal inland water transport terminal (Phase I) was laid on August 12, 2016. The terminal is being developed by Afcons Infrastructure Limited at an estimated cost of Rs 1.7 […]

The CCEA has given its approval for the waiver of penal interest on government loans worth Rs 8.97 billion availed of by the Cochin Port Trust (CPT). The CCEA also gave its approval to freeze […]

The Cabinet Committee on Economic Affairs (CCEA) granted approval for the redevelopment of Berth Nos. 8 and 9 and barge berths at Mormugao port on August 31, 2016. The project, estimated to cost Rs 1.14 […]

The MoS has formulated a revised central sector scheme to provide financial support to major ports, non-major ports and state governments for the creation of infrastructure for cargo and passenger movement by waterways. Financial assistance […]

The Sagarmala Development Company (SDC) has been incorporated under the Companies Act, 2013. The company will have an authorised share capital of Rs 10 billion and a subscribed share capital of Rs 900 million. Earlier, […]

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL). The project is estimated to cost Rs […]

Kamarajar Port Limited (KPL) has signed a concession agreement with Sical Iron Ore Terminals Limited (SIOTL), a subsidiary of Sical Logistics Limited, for the conversion of an iron ore terminal at the port to a […]

The Union cabinet has approved the policy for the award and Operationalisation of waterfront and associated land to port-dependent industries (PDIs) at major ports. The policy, applicable to all major ports, will result in uniformity […]

The Union cabinet approved the incorporation of the Sagarmala Development Company (SDC) under the Companies Act, 2013 on July 20, 2016. SDC will have an authorised share capital of Rs 10 billion and a subscribed […]

IRClass Systems and Solutions Private Limited, an entity promoted by the Indian Register of Shipping, has certified four ship recycling yards in Alang as “independent verifiers” in accordance with the requirements of the European Union […]

Adani Ports and Special Economic Zone Limited (APSEZL) has received environmental and coastal regulation zone approvals for setting up a ship recycling facility at its Mundra port in Gujarat from the Expert Appraisal Committee of […]

Gangavaram Port Limited has commissioned four new berths at the port, increasing its cargo handling capacity to 64 million tonnes. The expansion project has been undertaken by the D.V.S. Raju-led consortium (comprising VisualSoft Technologies Limited, […]