Week ending February 26, 2002



Seventeen companies in the race for Ennore terminal Ennore Port Ltd.(EPL) has received expression of interest (EoI) from 17 companies for putting up coal and marine liquid chemical terminals at the Ennore port on build, own and operate (BOT) basis. The interested companies include SICAL (MAC Group), Adani Port, Larsen & Toubro, Venkatesh Coke and Indian Oil Corporation (IOC). EPL is currently in the process of appointing a development advisor to select the BOT concessionaire. The coal terminal would handle non-thermal coal, while marine liquid terminal is to handle liquid cargo comprising POL chemicals and edible oil. The coal terminal would largely cater to private industries located in Karnataka and Andhra Pradesh.

Self-unloading bulk carrier to ferry coal for TNEB A self-unloading bulk carrier “Gem of Ennore” operated by West Asia Maritime Ltd, will ferry thermal coal for Tamil Nadu Electricity Board (TNEB). The vessel costing $34 million built by Hitachi Zosen Maizuru, Japan in 200 has a capacity of 73,879 dwt and is fitted with seven cranes, seven grabs and seven hoppers. The conveyor belt and boom can discharge about 2,600 tonnes of coal per hour. The vessel has been time-chartered By Poompuhar Shipping Corporation.

Shipping Corporation of India’s scrip touches 52-week high The Shipping Corporation of India (SCI) stocks have touched their 52-week high at Rs 65 on the Bombay Stock Exchange (BSE), a 100-per cent appreciation over the level of Rs. 30 just about a month back. The renewed confidence in SCI stock is attributed to number of overseas shipping majors showing interest in the SCI disinvestment. These include Malaysian International Shipping Corporation, Mitsui OSK Lines (MOL), CMA-CGM and OOCL, besides domestic shipping and non-shipping companies.

Ennore Port to increase cargo handling capacity Ennore Port, the first port to be corporatised in India has announced expansion plans, which include creation of facilities for handling iron ore and liquid cargo, taking up capacity to 50 million tones by 2005. According to Mr. M.Raman, chairman and managing director of Ennore Port, about 17 firms have responded to the expression of interest (EoI) invited by the port for establishing a coal and liquid cargo handling terminal on a build-operate-transfer basis. The port management is planning to increase the coal handling from around 3.5 million tones in the current fiscal to 10 million tones by the end of the next financial year.

The cargo handling at major ports up by 2.3 per cent According to the Economic Survey for 2001-02 the cargo handled by major ports has registered a growth of 2.3 per cent during April-November 2001, compared to the corresponding period of 2000-01. The highest growth in cargo movement was observed in food grains followed by containerized cargo and iron ore. According to the Economic Survey, there has also been an improvement in port performance indicators. The Economic Survey noted that government has approved seventeen private sector projects, involving additional capacity of 60 million tones and an investment of Rs.4, 527 crore has been approved.

Eight port developers keen on JNPT bulk terminal Major international and domestic port developers — Maersk India, P&O Ports, Hutchison International Port Holdings, ICTSI Ltd, Halcrow, Container Marine Agencies, Skanska Cementation India, Mahindra Realty & Infrastructure Developers are among companies that have sent in their expression of interest (EoI) to develop and operate the bulk terminal on a build-operate-transfer (BOT) basis. The total cost of the bulk terminal project will be about Rs 700 crore. The bulk terminal project involves design, finance, construction, management and operation of the same for a maximum license period of 30 years.

CONCOR to take up major expansion Container Corporation of India Ltd. (Concor) has drawn up a Rs. 1,400 crore expansion plan to be taken up in the next five years. Under the plan, the Concor will take up planned expansion of its terminals, containers, inland container depots (ICD), rolling stock, information technology and manpower. Concor, which currently has 42 ICDs plans to increase the number to 54 over the next two years. Among the cities, where the ICDs are being planned include, Jodhpur, Jaipur, Pondicherry, Rajkot, Miraj, Balasore and Bhusaval. Similar ICDs have been planned at Raipur, Dadri (near Ghaziabad) Ankleshwar, Faruha (Bihar) and Mirzapur (Uttar Pradesh) by end of 2003.


Back to top