Week ending January 07, 2001

   

News on Ports

Ennore Port Limited has prepared the master plan for the expansion of the port. The Finance Ministry is also considering the proposal of modalities and financial restructuring and deciding the equity structure of the company, where Rs. 3.0 billion of the total investment of Rs. 10.58 billion would be treated as equity capital of the Government and the Chennai Port Trust.

Calcutta Port Trust has hiked the wharfage on crude and POL traffic at Haldia Dock from Rs. 85 to Rs. 95 per tonne. Indian Oil Corporation (IOC), which accounts for nearly 50 per cent of the total cargo throughput at Haldia Dock Complex, has approached to the Tariff Authority for Major Ports (TAMP) for reconsideration. It is asking for volume discount and is expecting the charges at Rs. 45 per tonne for them.

In a move towards corportization, the consultant appointed by the Jawaharlal Nehru Port has completed the evaluation of the assets and is in the process of finalizing the project report.

Calcutta Port Trust (CPT) has opposed the proposal for the appointment of the river pilots and designating the pool of pilots under separate heads for Calcutta Dock System (CDS) and Haldia Dock Complex (HDC). CPT does not find it feasible to bifurcate pilot services. Instead it suggests filling up the vacant post of HDC and filling it with necessary transfers from CDS.

Cochin Port Trust has finalized its decision regarding the development of the container transhipment terminal at Vallarpadam in joint venture with P&O Port India Private Limited. The Ministry of Shipping observed that the island has the locational advantage as well as sufficient draft to handle larger vessels and believes that privatisation would improve the efficiency of the port.

Calcutta Port Trust has witnessed lower traffic by 2 per cent in the first 8 months of the current fiscal as compare to 19 million tonnes for the same period of last fiscal. The traffic on CDS declined by 28 per cent, while HDC has registered 9 per cent growth in the same period.

Visakhapatnam Port Trust (VPT) is likely to handle around 42 million tonnes of cargo traffic in current financial year. It has already handled around 33 million tonnes in last nine months of the current fiscal.

The Director General of Foreign Trade has removed the quantitative restrictions on the import of bulk alcohol and bottle-in-origin liquor brands into the country. The Union Government is now designating the ports for the liquor import, and the ports in the reckoning are Mumbai, Delhi ICD, Chennai, Visakhapatnam and Kolkata.

Mormugao Port Trust has appointed the Pricewaterhouse Coopers as a consultant for carrying out the necessary processes regarding corporatisation of the port.

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News on Shipping

Petronet LNG Limited has pre-qualified four consortia, out of eight bided, on the basis of competitive bidding for the transportation of 5.0 million tonnes of LNG from Qatar to Dahej, on time charter basis. The four consortia in the race are Essar shipping tied up with Malaysia International Shipping Corporation, Indian Oil Corporation with Exmar of Belgium and Great Eastern Shipping, Shipping Corporation of India in association with the consortium of Mitsui OSK Line, Nippon Yusen Kaisha (NYK) Line and K Line, while the fourth one is European Osprey Maritime along with Al Manhal International Group Consortium. Petronet LNG is going to call for the fresh price bids from the four consortia after sorting out the deviations in the technical bids.

Ocean Trade Infotech Private Limited, subsidiary of Phoenix Cybertech (India) Private Limited, has launched a portal on shipping and foreign trade called www.oceanfreightindia.com. The portal provides comprehensive export-import data, customs information, online trading platform, trade directories, loading and unloading status of ports, vessel and barge schedules and other services.

In the process of buy back of shares, Great Eastern Shipping, has purchased 15,52,297 equity shares of Rs. 10/- each from the open market on January 3, 2001 making the total number of bought back shares to 31,12,568. This has raised the total stake of promoters in the company to 16.75 per cent.

The International Fleet Review will be held in Mumbai from February 15 to 19, 2001. Over 25 countries will participate in the event. The fleet review and fly past will be on February 17 on Mumbai Harbor, where 90 foreign and Indian warships and over 50 aircraft will participate.

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News on Shipyards

The Government is going to replace the Loan Interest Subsidy Scheme (LISS) for the inland water transport (IWT) by the new vessel building subsidy scheme. The LISS was given to IWT vessel operators by the way of interest rate discount (5.5 per cent rate of interest) in loan taken for the purpose of new building. The proposed scheme will be applicable for the new building of ships used for the inland water transport, and built in the Indian public sector shipyard. The scheme will be based on the existing 30 per cent shipbuilding subsidy scheme available to the ocean going vessels.

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News on Logistics

The construction work of the National Highway - 34 from Calcutta to Siliguri, aided by Asian Development Bank will commence from March 2001. ADB has sanctioned Rs. 9.0 billion as long-term debt, while the remaining 30 per cent of the project cost would be arranged by the West Bengal Government to construct and widen the 700 km long national highway.

Truck freight rates has reduced throughout the India by substantial extent since November 2000, due to the demand supply gap for cargo transportation and expected to be fall further.

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Tenders

The Shipping Corporation of India Limited has invited offers for

Tender for: Sale of container oriented tween decker general cargo vessel m.v. "Vishwa Parimal", of 16169 dwt built in UK in 1980, on 'as is where is' basis.
Address for communication: The Shipping Corporation of India Ltd., Nehru Centre, Discovery of India Building, Dr. Annie Besant Road, Worli, Mumbai 400 018

OR

SCI Office, 4th Floor, Bell Court House, 11, Blomfield Street, London ECIM 7AY

OR

SCI Office, Peckchuan Building, 01-06, 116 Lavender Street, Singapore 1233.
Sealed offers to be submitted at: The Shipping Corporation of India, 17th Floor, Shipping House, 245, Madam Cama Road, Mumbai 400 021 between 1500 hrs to 1530 hrs (IST) on 11.01.2001-01-09
Tel: 91 22 493 1461
Fax: 91 22 495 0356
Vessel available for inspection: at Porbunder (Gujarat) from 01.01.2001 to 10.01.2001

The Inland Waterways Authority of India has invited offers for

Tender for: Supply of cutter suction dredgers with work boats / tugs
EOI: The Expression of Interest is to be submitted by January 31, 2001 alongwith the documentary support regarding experience and personnel, claimed by the party.
Address for communication: The EOI is to be submitted at The Inland Waterways Authority of India, Ministry of Shipping, A-13, Sector - 1, Gautam Buddha Nagar, Noida 201 301
Tel: 91 118 452 1664
Fax: 91 118 454 3973

The Inland Waterways Authority of India has invited offers for

Tender for: Dredging of National waterways No.1 & 2, quantities of which are 1,850,000 and 250,000 cubic meters.
EOI: The Expression of Interest is to be submitted by January 31, 2001.
Address for communication: The EOI is to be submitted at The Inland Waterways Authority of India, Ministry of Shipping, A-13, Sector 1, Gautam Buddha Nagar, Noida 201 301
Tel: 91 118 452 1664
tions of the containers. The equipments required will be Reach Stacker / Top Lifter, Heavy Duty Mobile Crane with Hydraulic Jack, Low Mast Crane, Forklifts, Tractor Trailers, Hand Trolleys
Tenders available at: Central Warehousing Corporation, Regional Office, Deepali, 3rd Floor, 92, Nehru Place, New Delhi - 110 019, at Baldota Bhavan, 2nd Floor, Maharshi Karve Road, Chuch Gate, Mumbai - 20, at CWC, Jawaharlal Nehru Port, Navi Mumbai, at CWC, No. 5&6, North Avenue, Sri Nagar Colony, Saidapet, Chennai, at CWC, CMC Building, 6th Floor, New Market Complex, Phase - I, 15, Nellie Sengupta Sarani, Calcutta on payment of Rs. 1000/- non refundable from 9.1.2001 to 15.1.2001 between 1100 hrs. and 1600 hrs.
EMD: The tender should be accompanied by a DD of Rs. 2,00,000/- drawn in favor of Regional Manager, Central Warehousing Corporation, Regional Office, Delhi.
Date of submission: The Tender shall be submitted to CWC, RO, Delhi, on or before 16.1.2001 at 1500 hrs. in the office.

 
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