ONGC to sign pact for Mangalore LNG terminal on March 18
State-owned Oil & Natural Gas Corp (ONGC) will sign an agreement on March 18 to conduct feasibility of setting up $500-750 million liquid gas (LNG) import terminal at Mangalore.
Land acquisition begins for Ashuganj container port
The government has started the process for acquisition of 18 acres of land for construction of an inland container river port at Ashuganj under an Indian Line of Credit (LoC), officials said.
Ports riding on Asia Pacific growth
"Resilient" growth in Asia Pacific is propping up port development in the region but the best is yet to come, according to IHS Global Insight's Rajiv Biswas.
Antwerp and Rotterdam promote pipeline construction
Friday, 15 March 2013 | 00:00
The ports of Antwerp and Rotterdam are home to two of the largest industrial clusters in Europe, and pipelines are of vital importance for the companies operating there.
Odisha may relax capacity utilization milestone for Dhamra port
The Odisha government may exempt Dhamra port from achieving a capacity utilization of at least 70%-a condition that it had imposed on the non-major port for allotment of land needed for its second phase expansion.
Mexico's port projects will receive $783.1m
The Enrique Pena Nieto Administration will invest $783.1m in the maritime sector to improve and build new infrastructure in six Mexican ports.
Jindal Steel settles for 49% stake in Orissa's Gopalpur Ports
Congress party lawmaker Naveen Jindal -led Jindal Steel and Power Ltd (JSPL) had to rework its plan to acquire a majority 60% stake in Gopalpur Ports Ltd and instead settle for 49% after the Orissa government rejected its proposal because the sale did not comply with terms of the contract.
Paradip Port records top growth in cargo handling
Paradip Port has achieved a record in daily handling of cargo. According to a statement issued by Paradip Port Trust, the port handled on last Monday a total of 3,57,424 tonnes of traffic surpassing the previous best of 3,44,621 tonnes handled on February 7 this year.
Ship Recycling Levy to Undermine Competitiveness of EU Ports
Several Members of the European Parliament are considering to table a compromise amendment on the draft ship recycling Regulation in order to establish a funding mechanism that would ensure the conscious recycling of ships.
Sugar Awaiting Loading at Brazil's Ports Rises 1.7% in Past Week
The amount of sugar awaiting loading at ports in top producer Brazil rose 1.7 percent over the past week, with vessels bound for Algeria, China and India, according to shipping agency Williams Servicos Maritimos Ltda.
NCSP Group turnover in January-February 2013 amounted to 24 mln tonnes
Novorossiysk Commercial Sea Port Group announced that its consolidated cargo turnover for the period of January-February 2013 amounted to 24 million tonnes, compared to 27 mln tonnes in the same period of last year.
The recent growth in container traffic to/from the Middle East is encouraging ocean carriers to replace transshipment schedules with direct deep-sea services. Maersk's recent announcement that the Mid-East Gulf ports of Dammam (Saudi Arabia),
Nhava Sheva, India - With most of India’s containerized import cargo destined for Inland Container Depots (ICDs) or CFS facilities - due to existing infrastructure limitations - the inland container logistics market has been projected to exceed $3.5 billion USD in 2013.