Monday 25 January 2016

Shipping Ministry plans to float tenders to develop three greenfield ports

Business Line
The Shipping Ministry is planning to float tenders by March, for the development of three greenfield ports in the country. Out of the three, it is most positive about Wadhwan port near Mumbai, as it does not require any major land acquisition. It would be developed on 5,000 acres of reclaimed land and serve as a satellite port to the main Jawaharlal Nehru Port. About ₹10,000 crore of investment would require in the first phase. In June 2015, an MoU was signed between Maharashtra Maritime Board and Jawaharlal Nehru Port Trust (JNPT) for the port development. A senior Shipping Ministry official told BusinessLine that along with Wadhwan, Sagar port in West Bengal and Colachel in Tamil Nadu would be developed. Sagar port requires land acquisition but due to the attitude of the State government, the process is expected to be delayed. About 5,000 acres would be also be required for Colachel port, but the site will require more investment in terms of road and rail connectivity, the official said.

New policy to boost port development

The Hindu
The Maharashtra government is set to announce a new maritime policy for the development of the sector. The cabinet is likely to approve the policy on January 27, said people familiar with the development. The draft policy was submitted to the government some time ago and it has been drafted by the Maharashtra Maritime Board (MMB) with inputs from various stakeholders and experts. A senior MMB officer confirmed to The Hindu that the policy is awaiting Cabinet approval, but declined to share details. Senior government officials said it would be announced by the Chief Minister. On Friday, Chief Minister Devendra Fadnavis tweeted: “We will soon declare a comprehensive policy for development of ports.” The maritime policy once approved will supersede all previous policies The new policy envisages a proactive role for the MMB in the entire project life cycle. The MMB will be the nodal agency for all approvals concerning the development of the port and related infrastructure.




Vainganga to get first inland water transport project: Gadkari

Times of India
Vainganga river in Bhandara district would be the first to get inland water transport project when the legislation for inland water transport is passed by the Parliament, announced union minister for road transport, highways and shipping, Nitin Gadkari, on Saturday. Gadkari laid foundation stone of two flyovers in Lakhani and Sakoli on NH-6. "The central government has designed a policy for inland water transport. It will soon take shape and will be implemented. It will start from Vainganga river. Vehicles that can ply on both land and water, hovercraft and other vehicles will be pressed into service. Bramhputra, Ganga, Yamuna rivers too have been shortlisted for inland water transport," said Gadkari. Stating that organic farming is the need of the hour, Gadkari said government has decided to give 1,500 per MT subsidy to municipal council, municipal corporations and gram panchayats for preparing organic manure from solid waste.

Exempt VAT on Bunker Fuel

New Indian Express
The Centre has requested the State Government to exempt VAT on bunker fuel used by Indian Flag vessels operating along the coast and inland waterways. In a letter to Chief Minister Naveen Patnaik, Union Shipping Minister Nitin Gadkari has said such a step will boost coastal shipping. Maintaining that the Shipping Ministry is actively considering various measures to promote shift of cargo to coastal shipping to decongest roads and railway lines, Gadkari is understood to have impressed the Chief Minister about the urgency to exempt VAT on bunker fuel. Union Shipping Ministry Secretary Rajive Kumar has also written a letter to Chief Secretary AP Padhi in this regard. After getting the Centre’s request, the Finance Department has started examining the proposal.

Gulf Petrochem bullish on regional oil market

Khaleej Times
Gulf Petrochem Group, a leading player in the oil industry, has announced details of its expansion of Fujairah terminal ahead of its EPC tender expected to go out to market early next week with the project set to start in April 2016. The Gulf Petrochem Fujairah Terminal is strategically located and connects to Port of Fujairah's common matrix manifold and able to handle various vessels. It currently has a storage capacity of 412,000 cbm with 17 tanks ranging from 13,000 cbm up to 40,000 cbm, handling Class III petroleum products such as fuel oil and gas oil to name a few with 348,000 cbm dedicated to fuel oil across ten tanks. Following the expansion, earmarked for completion in March 2017, the group will increase its storage capabilities by 243,280 cbm bringing total capacity at its Fujairah terminal to 655,280, across tanks with a capacity ranging from 9,000 cbm and 37,699 cbm.
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