PSA Corp Ltd a Singapore state owned subsidy which is the world's second busiest container port has witnessed 1.6% fewer container in August as compared to July.The total container handled was 2.42 million TEUs in the month of August as compared with 2.46 million TEU's in July .The port faces a severe competition from neighbouring Malaysian port of Klang and port of Tanjung Pelepas where tariffs are as low as 30% compared to the port at Singapore.PSA has a joint venture with the largest shipping group of China the COSCO Pacific Ltd which are jointly managing and operating two berths at one of its Singapore ports.
A proposal to convert Concor's Inland Container Depot (ICD) at Balasore in Orissa into a domestic terminal in a bid to lay more emphasis on the haulage of domestic traffic is underway according to Mr, A.K. Kohli, the Managing Director of Concor. This move is undertaken to balance the proportion of domestic and international traffic, which stands at 1/3rd and 2/3rd respectively as of now. In absence of any cargo support from the export-import trade, the authorities have initiated discussion with domestic freight forwarders and others to handle domestic traffic.
P&O were highly optimistic to achieve a significant better result this year as compared to 2002, thanks to the booming trade in Asia.The firm achieve a pre-tax profit of 3.3 million Pound during the first half of the current fiscal .
Cargo handled at the Kandla port witnessed an increase of 4.45% to 16.63 million tonnes from the same period a year ago. Inspite of disruption caused due to southwest monsoon, volumes handled were high thanks to the faster turnaround of the vessel.The port witnessed an increase in the cargo handling in both the form of dry and liquid. Handling of Dry cargo was marginally up by 5.19 m.t., where as there was an increase of 18% to 2.44 m.t. in the handling of liquid cargo.
With an estimated cost of around Rs.16.61 crores, Vishrutha Logistics Ltd., a Chennai based company is coming up with a container freight station (CFS) in Vallur village near Ennore port. About 18% of the money would be raised by private participation and about 45% would come as long-term loan from financial Institutions. The remaining 37% would be the promoters' equity. The capacity of the CFU is expected to be about 40000 empty and 32000 loaded containers and is set to begin operations in June 2004.
Concor is looking forward for a terminal within the Kolkata port, which would be its second terminal in Kolkata city. The foundation was laid by the Railway Minister Mr. Nitish Kumar in Kidderpore dock under the Kolkata dock system. The terminal will boost the traffic through the Kolkata port trust. The work on the project will start within a month and will take one year for its completion. The Minister has emphasized on all the safety measures required for the laying of the terminal.The proposed dock will have a total land area of about 30 acres including 10,000 sq.ft. of warehousing space. In its first year of operation the terminal will handle a total of 26,000 TEUs comprising of 18,000 TEUs of domestic traffic and the rest 8,000 TEUs for international traffic. Concor is planning to spend Rs 1,400 crore in the next four years covering Rs 700 crore for rolling stock and the next Rs 700 crore on infrastructure creation. As per the sources the concor's turnover is expected to reach Rs 3000 crore in the next four years virtually doubling its current figure of Rs1,485 achieved during the year 2002-03.
Incessant Rains and Transporters' associations rivalry has made things look glum for Paradip port lately. Due to rains and subsequent flooding of coalmines the movement of coal from Mahanadi Colfields Ltd. has been severely hampered. To add to their woes, road transport of iron ore is also not in good shape owing to the rivalry between two transporters' associations. Averaging about 7 to 8 thermal coal rakes everyday, the count has come down to about 2-3 coal rakes per day for the past 10 days. The only silver lining in the otherwise glum cloud is that the shipping schedules have not been affected as ground stock has been used up to load the ships.
International Container Transshipment Terminal (ICTT) proposed by Cochin Port Trust appears to have once again run into troubled waters. Two companies bidding for ICTT, UK based CSX World Terminals and Copenhagen based Maersk put up the conditions to handle operations of the old terminal for 10 years, besides ensuring the road and rail links and completion of channel work before starting operations for setting up the terminal. Port Trust Chairman Thomas Jacob refused to comment on this and said the bids were being scrutinized and a decision on the matter would be taken at the board meeting scheduled for September 19.The pre-conditions put forward by the port when it invited bids included that the terminal built on a BOT basis would have to be handled over to the port after 30 years. The successful bidder would be given three-year term to operate the present Rajiv Gandhi terminal and another two years, by which time it would have to make the new terminal operational.Once the new terminal become operational, the promoter would move out and the port would handle operations at the old terminal. The promoter would be allowed to operate new terminal for 30 years and the share the revenue with the port. The port had not fixed any benchmark for this revenue sharing, port official had said earlier.
Congestion and container detention charges before the peak buying season in the West are likely to impact India's external trade. Amidst the ongoing congestion at the Nhava Sheva port, the container detention charges recovered by the shipping lines have come as a new cause of worry for the domestic trade.In case of exporters, they are facing problems in convicting their customers regarding delay in effecting shipments due to congestion at ports and overseas customers are demanding huge claims and compensation for the delay.some times even letter of credit were expiring and exporters were being forced to negotiate orders at lower rates due to delay in exports, which was being caused caused due to congestion at the Nhava Sheva port.
Visakhapatnam Container Terminal Private Ltd is expecting to handle 15,250 TEUs of cargo traffic in the coming eight months as compared with the cargo handled during the previous year; the port has handled 20, 000TEUs of cargo. Out of total investment allocation of Rs 250 crore 60% of the amount has been used. An investment of Rs 150 crore has been done in its first leg of three years, which ensures the purchase of equipment and other facilities to start the operation.