Tag: India

The Ministry of Shipping has proposed a new Model Concession Agreement for the Port Sector which will replace the existing one taking into account the suggestions provided in various reports by Member Planning Commission (2010), IPA-2015 and Kelkar Committee Report (2015).

In order to promote transportation of automobiles through coastal shipping, Ministry of Shipping has decided that all Major Ports will provide discount of 80 per cent for two years on VRC & CRC for coastal transportation of vehicles through Ro-Ro Ships.

In line with the government of India’s ‘Project Green Ports’ project, ABB India has served a solution for shore-to-ship power supply for ships at the V.O.Chidambaranar Port, formerly the Tuticorin Port.

The Haldia Dock Complex under India's Kolkata Port Trust has recently earmarked about 10 acres of land for a period of 30 years for setting up of LNG storage facilities. The project will be undertaken on land lease model by granting lease of land by middle of December, 2016. LNG facilities are expected to be developed within 24 months from date of allotment of land.

The Indian Government said that it has assured that all resources are made available to the Port of Mumbai to achieve maximum growth of business as there is need to bring administrative reforms to develop ability to compete with the private ports.

The Indian Ministry of Shipping is planning to develop Paradip as a world class, globally competitive, smart industrial Port City.

K Line has established its Cargo Handling Service Joint Venture "Nitto Baxi Private Limited" in India with Nitto Total Logistics Ltd. group company.

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments for creation of infrastructure for movement of cargo and passenger by sea or National Waterways.

The Cabinet Committee on Economic Affairs of India has approved the waiver on penal interest on government loans availed of by the Cochin Port Trust, providing some financial breathing space for the port.

India’s Ministry of Shipping has announced that country’s 12 major ports will be installed with a 82.64 MW of utility-scale solar power infrastructure. This plan is part of the India’s government Green Port Initiative strategy launched earlier this year which aims for ‘cleaner and greener’ airports through the use of renewables technology.