News on Ports

Jawaharlal Nehru Port Trust (JNPT) has worked out a Rs. 6.0 billion investment plan for deepening its 22.5 km long approach channel in the Arabian sea to about 14 metres. For this, the port has short listed eight companies to prepare a model for the project. Further, considering the changes that has taken place in the last two years, the JNPT has decided to invite fresh tenders for its proposed Rs.17 billion Marine Chemical Terminal. The Dronagiri area near the port is being developed as a Special Economic Zone and is expected to affect ports traffic. Also, the traffic scenario of chemical and petroleum products is expected to change with the dismantling of Administrative Price Mechanism by the Government.

Tuticorin Container Terminal has handled over 150,000 TEUs in its first year of operations, denoting a 17 per cent growth over the previous year's volume. The terminal started its operations in December 1999 under the Build, Own and Transfer (BOT) scheme by PSA SICAL Terminal Limited (a joint venture between PSA India Limited, South India Corporation (Agencies) Limited and Nur Investment Private Limited). It is expected to reach 3 lakh TEUs in the sixth year of operation.

Mumbai Port Trust's Voluntary Retirement Scheme (VRS) which ended on February 13, 2001 has attracted 6,040 workers. The total workforce at the port has now reduced to 24,000. Further, the port has decided to extend the scheme by a month. Although the number of people who took up the VRS fell short of the target of 13,000 it is considered to be a successful scheme.

Cochin Port Trust has been awarded ISO 9002 certificate by the Indian Register Quality System. The port, which is venturing into major projects such as international container terminal , bunkering terminal , LNG terminal and cruise liner terminal will get benefited from this certificate as it ensures credibility for the services offered by the port.

Kandla Port, which was damaged by earthquake is returning to normal
. The port which has 16 jetties is currently operating at 40 per cent capacity. Five out of 10 general cargo berths had developed circular cracks and two of the six oil jetties were also severely damaged but the remaining are fully operational. The government is expected to lose revenue of up to Rs. 5.0 billion on account of closure of the port for nearly one week and below capacity operations of the port.

Gujarat Pipavav Port Limited (GPPL) is planning a private placement of Rs. 2.0 billion
. The proceeds of the private placement will be used to retire high-cost debt and fund capital expenditure. The GPPL is planning to acquire six post Panamax cranes for handling containers and two BM Titan cranes for bulk cargo.

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News on Shipping

Petronet LNG Limited has put a ceiling on the compensation to be paid by its prospective shipowners and operators for delay in delivering the two LNG tankers at the rate of USD150,000 per day for 180 days.

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News on Logistics

National Highways Authorities of India (NHAI) has invited fresh financial bids from the six short listed bidders for the first annuity highway to be developed between Panagarh and Palsit on NH-2 in West Bengal after relaxation of certain technical specifications relating to the project. Further, NHAI will enter the market for a bond issue carrying a coupon rate of 9.25 per cent annually. The total issue size has been kept open with a tenor of seven years and a 'call and 'put' options after three years. The proceeds of the issue will be utilized to part-fund the 13,000 km long National Highways Development Project comprising the development of Golden Quadrilteral linking the four metros and the cross-country corridors from Kashmir to Kanyakumari and Silchar to Porbundar.

Container Corporation of India (Concor) which had stopped train services to the Mumbai Port Trust (MbPT) from ICD-Sabarmati, Ahmedabad because of low container traffic as most of the lines had shifted to JNPT / NSICT has revised the road transportation rates from Sabarmati to MbPT to make them competitive and attractive.

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Calcutta Port Trust has invited offers for

Tender for: upgradation and modernisation of container handling at CDS.
Tender may be obtained from: The Traffic Manager, Calcutta Port Trust, 40 Circular Garden Reach Road, Calcutta-700043 on any working day between 1000 hrs and 1300 hours IST on submission of a demand draft of Rs. 5000 (non-refundable) in favour of Calcutta Port Trust, payable at Calcutta.
Last date for obtaining tender: February 28, 2001

Goa Shipyard Limited has invited offers for

Application from: Reputed firms/parties for appointment as consultant to render service for the evaluation of present strength of slipways and allied works existing at the waterfront of GSL.
Scope of work: comprises preliminary and detailed inspection / survey of underwater structures, suggest remedial measures to strengthen the structures, if feasible - preparation of specifications, tender preparation and evaluation , assistance in selection of contractor, monitoring and full time supervision of the entire project including certification of contractors bills.
Tender document: may be obtained after site visit between February 26, 2001 to February 28, 2001 during working hours.
Address for communication: Goa Shipyard Limited, Vaddem, Vasco-da-Gama, Goa-403802.
Last date for submission: March 15, 2001

Punjab State Warehousing Corporation has invited offers for

Tender for: Appointment of "Handling and Transport Contractor" capable of providing suitable handling equipment for ISO containers between ICD Dappar (Dera Bassi) and sea ports Mumbai, Sheva (JNP), Kandla and ICDs TKD and Patparganj New Delhi and vice versa for stuffing and destuffing/delivery FCL/LCL containers/cargo within ICD Dappar and all other allied services in ICD operations.
Tender document may be obtained from: The Managing Director, Punjab State Warehousing Corporation (Commercial Branch) SCO 74-75, Sector 17 B, Chandigarh on payment of Rs. 2000 in the form of demand draft or in cash in favour of Managing Director, Punjab State Warehousing Corporation, Chandigarh between 9.00 AM to 3.00 PM on working days upto March 5, 2001.
EMD: Rs. 1 lakh
Period of contract: Two years and may be extendable for another two years on mutual consent.
Last date for submission: March 7, 2001 at 1500 hours


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