Articles tagged under: Ports
June 23, 2018
A team of the Directorate of Revenue Intelligence (DRI) from Gandhidham has reportedly seized more than 20 tonnes of red sandalwood worth around Rs 5 crore in domestic and 10 crore in international market from Mundra port in Kutch district of Gujarat.
A DRI official said that the seized sandalwood was being smuggled to Dubai and Vietnam in two containers hidden under and in the garb of wash basins.
'The containers were seized today on the basis of intelligence input from Mumbai DR...Read More
April 22, 2018
Two foreigners, both members of crew of a Malaysian ship died of asphyxiation, in the vessel today in the Arabian sea near Navlakhi port in the gulf of Kutch off Gujarat coast.
In-charge PSI of Bedi Marine Police station in Jamnagar district where the bodies were brought, M B Zala said that the ship had brought coal from abroad and after unloading it was near the anchor port when one of the crew members went in to a chamber where the coal was kept. He fell unconscious ...Read More
January 11, 2018
Mumbai: A consortium of JSW Infrastructure, a part of Sajjan Jindal’s JSW Group, and Srei Infrastructure Finance Ltd is set to acquire the upcoming Sterling Port in Dahej from its lenders according to a report. Sandesara Group has to pay back Rs 300 crore to banks and Rs 80 crore dues to Gujarat Maritime Board for this project. Sterling Port promoters hold close to 74% equity in the port project, while the remaining stake is held by Sterling Biotech Ltd, the group’s publicly listed flagship ...Read More
January 08, 2018
Mumbai: Essar Ports Limited (EPL) today said that its investment of over Rs 2,800 crore in its Salaya and Vizag terminal projects has the potential to increase the company’s revenues by 30% in FY2018-19 on the back of third-party cargo growth.
Mr Rajiv Agarwal, CEO-EPL, said: “The two fully integrated and automated facilities at Salaya and Vizag further the goal of port-led development set by the Government of India and our Hon’ble Prime Minister Shri. Narendra Modi. It is also a manife...Read More
June 07, 2017
Ahmedabad: The cases of smuggling through ports in India by means of 'misdeclaration' would completely end in around two and a half years, Chairman, Federation of Freight Forwarders' Associations in India, Samir J Shah said today.
Addressing a press conference here Shah, also praised the union government for its efforts to streamline the export and import procedure in India and for proper implementation of Trade Facilitation Agreement (TFA), which according to him was likely to increas...Read More
December 18, 2016
Mumbai: Government's bid to create a level-playing field between major and non-major ports through the Major Port Authorities Bill puts the supremacy of the privately-run ports at risk, a brokerage report has said.
"The recent Cabinet approval to the Major Port Authorities Bill is a big step towards providing a more level-playing field to state-run major ports," says a report by Kotak Institutional Equities.
"With the major ports already upping the ante in 2015-16, the prospects of sustain...Read More
September 11, 2016
Mumbai: Private port operator APM Terminals Pipavav is neither looking to expand beyond Gujarat, nor it is that keen on setting up a special economic zone as its peers are doing, a top official said.
"If we were to bid for projects on the South or East coast, it will be done by our parent group and not by our company.
"Our expansion will be concentrated on the activities within Pipavav or complimentary value added services," the firm's Managing Director Keld Pedersen told PTI.
He furthe...Read More
July 25, 2016
Hazira and Mumbai: The 550-metre berth of Essar Bulk Terminal Limited (EBTL) in Hazira is being augmented by a further 1,100 metres to accommodate the steady growth in cargo throughput at the port, said the company in a statement issued here.
EBTL is also developing an LNG import terminal that will have Essar Group companies as anchor customers. With this expansion, the capacity of the terminal will increase from 30 million tonnes currently to 50 million tonnes. Total investment in the expa...Read More
May 30, 2016
Allegations are made that this is Ambani and Adani's government but look at the figures, while Kandla port has witnessed 2.46% growth, on the other hand Adani port is down by 1.36%. We have increased our efficiency and proved that we can do better than private sector, said Nitin Gadkari, union Shipping minister at Somnath in Gujarat today afternoon.
Gadkari said it has happened for the first time that government run Kanla Port has handled record breaking 100 mil...Read More
March 03, 2016
Taking a dig at the Opposition for linking Adani group with the government, Union Minister Nitin Gadkari on Thursday said state-owned Kandla port was more efficient than Adani's Mundra port, both of which are in Gujarat.
Gadkari's remarks came during Question Hour in response to TMC member Saugata Roy who mentioned the name of the Adani group when the Minister was replying to supplementaries relating to ports.
"You always link the name of Adani with the government.
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