Appeal to give growth impetus to Indian Shipping industry
The Bombay Chamber of Commerce and Industry (BCC&I), in its white paper on 'Strategic Options for Indian Ports and Shipping' to shipping ministry, has demanded that the shipping industry be granted export status and a national fleet should be created with critical mass. It appealed for benefits under import-export policy as well as accelerated depreciation benefits to shipping companies. Ships registered under Flag of Convenience (FoC) do not have any tax liability, which affects international competitiveness of Indian shipping companies.
IOCís proposed crude pipeline spells doom for Haldia port
IOCís decision to lay a crude pipeline connecting Paradip port in Orissa with IOCís refinery at Haldia in West Bengal will amount to a loss of considerable petroleum cargo for Kolkatta Port Trustís river port Haldia. IOC will set-up a single-buoy mooring facility off the Paradip coast to enable VLCCs to discharge their cargo.
Manufacturing companies acquiring ships
Manufacturing companies are expanding their fleet owing to the increasing ocean freights.
Thai fishing firms to prosper at the cost of Indian seafood industry
The Indian Government has agreed to allow Thai firms to conduct fishing operations in the Indian territory of Bay of Bengal if they are conducted jointly with Indian firms. But as the catch is expected to be taken to Thailand for processing, the Indian seafood exporters are likely to be hit severely.
Vallarpadam terminal sees 4th round of bidding
Cochin Port Trust is preparing for the 4th round of bidding for the construction of Vallarpadam trans-shipment container terminal at Cochin.
Security system for seafarers
ISRO is designing and developing an emergency position indication radio beacon indigenously for the first time. This gadget would be helpful to the fishermen, who in case of emergency, only need to press a button in order to indicate to their rescuers, their location in the seas.
Commissioning of berth at Haldia Dock
International Seaports (Haldia) Pvt. Ltd. will commission the 4A berth at Haldia Dock by January 2004.
Chennai Container Terminal increases its tariff
Chennai Container Terminal Ltd. has been allowed to increase its tariff by 17% with effect from November 27th, 2003 for 90 days to offset its net deficit.
Bengal Tiger expands it services
Bengal Tiger Ltd. has extended its service from Kochi Port to Mangalore and Goa ports.
JNPT has crossed the 2 million TEU mark
Set up in May 1989, JNPT handled 20 lakh containers during 2003. That the container freight movement is growing at a tremendous pace is evident from the fact that while JNPT took about 12 years to reach the 1 million TEU mark, it beefed up to 2 million TEUs within 2 Ĺ years.
Royalty to be treated as a cost item
The Shipping Ministry (from November) has allowed the private operators to consider royalty/revenue share paid by them to the port trusts as a cost item while fixing/revising tariffs at the major ports, thus reversing the directive issued in July 2003.
Conjestion at Chennai Port Trust
Chennai Port Trust has requested iron ore exporters not to bring any vessel to Chennai till January-end owing to the non-availability of berths.