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, […]
JNPT has commenced logistics data bank (LDB) services at the port from July 1, 2016. The service provides the facility to track containers on a real-time basis using radio frequency identification technology while the containers […]
Man Projects Limited, a subsidiary of Man Infraconstruction Limited, has received a contract worth Rs 7.51 billion from Bharat Mumbai Container Terminals Private Limited (BMCTPL) for pavement works at the fourth container terminal at the […]
Kamarajar Port Limited (KPL) has signed a concession agreement with Indian Oil Corporation Limited (IOCL) for the development of a captive jetty at the port. The project will be developed at an estimated cost of […]
Meanwhile, the MoS has formulated a new berthing policy for dry bulk cargo for major ports. The policy will be implemented by all major ports by August 20, 2016. The objective of the policy is […]
The MoS has prepared a draft bill, The Central Port Authorities Act, 2016 to replace the Major Port Trusts Act, 1963. This step is being taken keeping in view the need to give greater autonomy […]
The Directorate General of Shipping (DGS) has extended the date for the electronic submission of verified gross mass (VGM) from July 1, 2016 to September 30, 2016. In November 2014, the International Maritime Organization approved […]
The Ministry of Shipping (MoS) has approved a set of guidelines for the implementation of the shipbuilding financial assistance policy. An institutional mechanism has also been created within the ministry for redressal of grievances related […]
The cabinet has granted in-principle approval for setting up a major port at Enayam near Colachel in Tamil Nadu. An SPV will be formed for the development of the port with an initial equity investment […]
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