Friday 13 November 2015

Weak global trade pulls down India container volumes

JOC
Container throughput at India’s major state-owned ports recorded modest growth during the first seven fiscal months, compared with the same period last year, dragged down by slowing global trade, according to port statistics compiled by JOC.com. The collected data shows the country’s 12 major public ports cumulatively handled 4.76 million 20-foot-equivalent units from April to October, up 1.92 percent from 4.67 million TEUs a year earlier. Of that, the largest container handler of Jawaharlal Nehru Port Trust accounted for 2.61 million TEUs, inching up 0.3 percent from 2.6 million TEUs during April to October 2014. Volume at Chennai Port, which is India’s second-largest public container port and busiest on the east coast, was up 1.3 percent to 934,000 TEUs in the seven months through the end of October, according to the newest data. JNPT and Chennai together account for roughly 80 percent of total containerized ocean cargo moving via major ports controlled by the federal government.

 

Mormugao port drops plan to deepen channel on annuity model

Live Mint
State-owned Mormugao port, located on India’s western coast, has dropped a plan to deepen its channel to berth so-called capesize ships (the biggest of the dry bulk carriers) on a public-private-partnership (PPP) basis after the solitary price bid received in a public tender exceeded the budget. The project—to deepen the port’s outer channel to 19.8 metres and the inner channel to 19.5 metres and maintain the water depth at that level over the next 12 years—was the first attempt by a port in India to implement dredging work on an annuity basis, a concept followed in the highways sector. South West Port Ltd, a unit of JSW Infrastructure Ltd, quoted Rs.1,640 crore for the contract, 17.56% more than the Rs.1,395 crore budgeted by Mormugao. The OP Jindal Group firm tied up with Dutch dredging contractor Van Oord Dredging and Marine Contracting Co. NV to take up the work.

BD, India shipping secretary-level meeting Nov 16-18

The Financial Express
A three-day shipping secretary-level meeting between Bangladesh and India will be held in New Delhi from November 16 to 18. Shipping Secretary Shafiq Alam Mehedi will lead a 12-member Bangladesh delegation to the meeting, said a Shipping Ministry press release on Thursday, reports UNB. Various issues, including fixing service charge for naval transit to India through Ashuganj river port, ratification of protocol regarding the use of Chittagong and Mongla seaports and draft memorandum of understanding (MoU) over plying of passenger-carrying vessels between Bangladesh and India, will be discussed in the meeting.
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