India's Shipping Sector

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Peregrine
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India's Shipping Sector

Postby Peregrine » 03 Apr 2019 16:15

TRAFFIC AT MAJOR INDIAN PORTS

Ports Traffic : April 2018 – March 2019 : 699.048 MILLION TONNES

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Re: India's Shipping Sector

Postby Vips » 05 May 2019 05:45

Adani Group plans Rs57,594-cr expansion at Mundra port.

Adani Ports and Special Economic Zone Ltd (APSEZ) plans to invest up to Rs57,594 crore to expand capacity at its Mundra port in Gujarat, the country’s biggest commercial port. APSEZ has already received environment and coastal regulation zone (CRZ) clearances for raising the capacity of Mundra port by 385 million tonnes from 225 million tonnes at present.

The environment ministry last week granted approval for expansion of a waterfront development plan at the Mundra Port, according to the minutes of the meeting published on the environment ministry’s Parivesh portal on Thursday.

The proposed expansion of Mundra’s waterfront development plan (WFDP) includes extending the quay length by another 14,470 metres, augmenting back-up facilities for handling multi-purpose, liquid, gas and cryogenic cargo.

The Mundra port expansion involves extension of the eastern and western breakwater by 500 metres each in the south port and constructing a 5,000 metre-long breakwater on the eastern side of west port. This would require dredging of some 350 million cubic metres of sand and other materials from the sea bed.

The expansion will be undertaken within the approved area of 5,170 hectares of water front development plan, APSEZ wrote in an application filed with the Expert Appraisal Committee (EAC) of the ministry of environment, forest and climate change.

“For the expansion of WFDP plan, it is important to utilize the maximum marine development potential,” APSEZ said in the application.
“Based on the future cargo projections and business requirement of the hinterland, it is proposed to develop the port with the flexibility to handle various cargoes. Type of berth and type of cargo is a commercial and business requirement. Hence, expansion plan will be developed with those flexibilities to accommodate berths and storage facilities as multi-purpose. The expansion plan will consist of berths at various locations, material handling area, cargo storage area, operational and utility area, internal connectivity, drainage, greenbelt and various utilities, amenities and bunkering facilities,” the company said.

Besides the Mundra port, APSEZ runs nine other ports and terminals on the eastern and western coasts of India, which together account for 24 per cent of the country’s overall port capacity. APSEZ ports handled a combined cargo of more than 200 million tonnes in the year ended March 2019.

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Re: India's Shipping Sector

Postby Arima » 07 May 2019 14:40

Peregrine wrote:TRAFFIC AT MAJOR INDIAN PORTS

Ports Traffic : April 2018 – March 2019 : 699.048 MILLION TONNES

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one one side we call these ports as major port, but data for biggest port Mundra or krishnapatnam is missing. if we include all public or private port i am sure the total tonnage will be more than billion tonne.

Peregrine
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India's Shipping Sector

Postby Peregrine » 07 May 2019 15:54

Peregrine wrote:TRAFFIC AT MAJOR INDIAN PORTS

Ports Traffic : April 2018 – March 2019 : 699.048 MILLION TONNES

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Arima wrote:on one side we call these ports as major port, but data for biggest port Mundra or krishnapatnam is missing. if we include all public or private port i am sure the total tonnage will be more than billion tonne.
Arima Ji :For Adani Ports and Logistics use the following Link : https://www.adaniports.com/

For Krishnapatnam use the following Link : http://www.krishnapatnamport.com/

For Minor Ports use the following Link : http://www.ipa.nic.in/

Click on : Non-Major Port Statistics half on the State Wise Traffic Handled at Ports Site

Adjust it for the Adani Ports and Krisnapatnam Port Figures and adjust Major Ports Figure.

Voila – You can emulate Archimedes and proclaim with Joy - Eureka!

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India's Shipping Sector

Postby Peregrine » 15 May 2019 23:16

Adani to develop container terminal port in Myanmar

AIPT-2 will be part of Yangon Port cluster on Strand Road in downtown Yangon, which includes Asia World Port Terminal and Myanmar Industrial Port.

Adani Group Tuesday said it has received approvals to develop a new container terminal in Myanmar as the diversified conglomerate spreads its port operations beyond Indian shores.

This will be Adani's second international port after Australia.

It said the investment does not breach Australian, US, UN or other international sanctions against Myanmar.

"Adani rejects insinuations that this investment is unethical or will compromise human rights," the group said in a statement. "As with all its international investments, the Adani Group has been guided by the Securities and Exchange Board of India and other key international guidelines and will inform the concerned authorities when we firm up the agreements."

The land where the port is proposed to be built has been leased from the Myanmar Economic Corporation (MEC).

"An Adani Group company, the Adani Yangon International Terminal Co Ltd, has received approval from the Myanmar Investment Commission for an investment in a new container port in the Yangon Region," the company said in a statement without giving investment it is going to make in developing the terminal to receive containers sailing on ships.

Local reports put the investment committed by Adani at USD 290 million.

Adani operates five ports in India including Mundra and Hazira in Gujarat and has three terminals at ports in Murmugao, Vishakhapatnam and Tuna-Tekra. It is building a container terminal at Ennore in Tamil Nadu and Vizinjham port in Kerala. It also has a port in Australia.

Adani Yangon International Terminal, a company incorporated in Singapore, received approval from the Myanmar Investment Commission on April 26 to develop, operate and maintain the Ahlone International Port Terminal-2 (AIPT-2) under a 50-year Build, Operate and Transfer agreement with the government, according to the Directorate of Investment and Company Administration (DICA).

AIPT-2 in Ahlone township by the Yangon river will be developed across 50 acres of land owned by Myanmar Economic Corporation, which is currently operating AIPT-1, according to DICA. The company will enjoy income tax incentives for the first three years of operations.

Construction of the port, which will be built from scratch, is expected to begin in September. Phase 1 of development will involve enough capacity to handle between 1 lakh and 1.5 lakh twenty-foot equivalent units (TEU), or twenty-foot containers, when it is completed within the targeted 12 months.

Phase 2, which will take an additional six months to construct, is expected to take the port's total capacity to a maximum of 8 lakh TEUs.

Adani statement said the Myanmar Investment Commission is an entity of the Myanmar government that is governed by senior ministers and public servants including representatives of the Ministry of Investment and Foreign Economic Relations, Ministry of Commerce, Ministry of Planning and Finance, and the Ministry of Natural Resources and Environmental Conservation.

The port terminal will be built under the auspices of the Myanmar Port Authority, the Myanmar Ministry of Transport and Communication, it said.

"The new container port will enable Myanmar to bring further efficiencies to the nation's international trade by enabling cost-effective, high-volume imports and exports," it said. "This will benefit Myanmar's civil society by contributing to the nation's economic development and create more than 1,100 local jobs."

Adani said its investment does not breach any international sanctions against Myanmar.

"It is important to note that many economic sanctions against Myanmar were lifted in recent
years (including by the USA and Australia) following political reforms within the country and the election of a civilian government," it said.

The company added that while some nations, including Australia, have arms embargos and travel restrictions on key members of the military in place, this does not preclude investment in the nation or business dealings with corporations such as MEC.

The Group's vision, it said, is to help build critical infrastructure for nations across key markets
and help in propelling economic development and social impacts.

AIPT-2 will be part of Yangon Port cluster on Strand Road in downtown Yangon, which includes Asia World Port Terminal and Myanmar Industrial Port.

Container traffic in Myanmar is projected to grow to 20 lakh TEUs from current 12 lakh TEUs in the next few years and the new port will handle part of the traffic.

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India's Shipping Sector

Postby Peregrine » 16 May 2019 23:25


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Re: India's Shipping Sector

Postby vsunder » 19 May 2019 21:08

Status of the Intermodal terminal at Sakri galli, Sahibganj, Jharkhand on R. Ganga

https://www.google.com/maps/place/25%C2 ... 87.7034427

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Re: India's Shipping Sector

Postby vsunder » 21 May 2019 08:27

Nitin Gadkari installed the foundation stone of the intermodal terminal at Ghazipur, UP in Jan 2018. Ghazipur (UP) is from where Manoj Sinha, MoS for Communication and Railways is contesting the Lok Sabha seat. The Ghazipur intermodal terminal will also have a bunkering facility for LNG to power barges which is a cleaner fuel than diesel. It will be 650-700 m from the highway over R. Ganga towards Patna. 15ha of land is needed out of which 3ha has been acquired when I read last. On Google Earth no construction can be seen yet. However the new 4 lane bridge with a rail link to Tarighat on the opposite bank which was a long standing demand is progressing rapidly as can be seen on Google Earth with most piers at some degree of completion and also from ground level. The existing bridge which is 2 lane and called the Hav. Abdul Hamid PVC(of Khem Karan fame who was from Ghazipur) bridge is not adequate to carry traffic once the intermodal facility is complete. I have marked out the location of the intermodal terminal below:

https://www.google.com/maps/place/25%C2 ... 83.6069106

Rail cum Road bridge, Ghazipur-Tarighat

https://www.youtube.com/watch?v=Txd8bxHI2IU

On Google Earth one can also see the famed Govt. opium and opioid factory in Ghazipur. The only such govt. facility in the world.

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India's Shipping Sector

Postby Peregrine » 23 May 2019 04:29

Japan and India partner with Sri Lanka to develop Colombo Port
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Japan, India and Sri Lanka are reportedly planning to develop the Port of Colombo as part of their strategy to tap the trade opportunities offered by the Indian Ocean.

The development will also boost Colombo Port’s capacity to handle additional containers and strengthen marine transportation in and around South Asia, reported Nikkei Asian Review.

By developing the Sri Lankan port, all three countries seek to control the Chinese assertiveness that has been using Belt and Road projects to influence the region.

According to the publication, all three governments are expected to sign a memorandum of understanding (MoU) this year while work on the project is scheduled to commence by March 2020.

Working-level discussions are under progress and government officials from the three countries are likely to agree on blueprint and form of the project this year.

Plans also include corporate partners to support the development of Colombo Port. Japanese Official Development Assistance is expected to provide a portion of funding for the project.

The East container terminal, which is situated at the southern part of the Port of Colombo, will be developed by the three countries. The development includes deepening the port and making it capable of handling large container ships.

Colombo Port is one of the largest ports in Sri Lanka and facilitates 90% of the country’s marine goods transport to Europe, the Middle East, Africa, and Asia.

In 2017, the port had 6.21 million twenty-foot equivalent units of traffic.

A Japanese Government source told the publication: “If the development of the Port of Colombo takes time, cargo might be transferred to Hambantota.”

A few of Japan’s primary maritime routes go via the Indian Ocean. Hence, the upgraded capacity of the region’s ports will boost the security of tankers and commercial ships

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Re: India's Shipping Sector

Postby A Nandy » 12 Jun 2019 15:44

https://www.moneycontrol.com/news/india ... 88101.html

Tripura Chief Minister Biplab Kumar Deb is keen to operationalize the Indo-Bangla waterway project at the earliest as it could be a game changer in the states communicaton system, a senior official said Wednesday.

The proposed waterway project will connect Tripuras Gomati river with Meghna river of Bangladesh to get access to Ashuganj port of the neighbouring country.

Presently ships and steamers ply from Haldia in West Bengal to Dawodkandi in Bangladesh, which is only 80 km from Tripura's Sonamura sub-division in Sepahijala district.



https://www.weforum.org/agenda/2019/06/ ... -of-trade/
Reviving the sprawling network of inland waterways and integrating them with coastal shipping is a priority to expand trade. A fully functioning network will allow a ship to pick up freight in Assam and sail south on the Brahmaputra River into Bangladesh .

From there, a ship can continue south to an ocean port in Chittagong or Kolkata or travel west to inland Indian ports on the Ganges River.

Important steps have already been taken to rebuild the role of rivers in regional trade.

Under the 2015 Coastal Shipping Treaty, India and Bangladesh now treat each other’s vessels as their own, allowing direct cargo movement between ports in both countries instead of via a third country.

A separate inland water agreement encourages commerce between the two countries by lifting restrictions on goods moving through each other’s territory. The Government of Nepal also recently opened its own inland vessel registry.

Many sections of rivers need to be dredged and deepened before ships can use them. Just 3 percent of Bangladesh’s containerized cargo traffic is currently transported on inland waterways, and an even smaller percentage in India.

In response, the Government of Bangladesh and the World Bank are working together to improve the navigability of 900 kilometers along the Chittagong-Dhaka-Ashuganj corridor and connecting waterways .

The $400 million project will build and improve cargo terminals in Pangaon and Ashuganj and help Bangladesh’s Inland Water Transport Authority meet international shipping standards.


In India, a major project is underway to improve the navigability of the Ganges River from the inland city of Varanasi to Haldia, an eastern seaport 1,360 kilometers away.

About 40 percent of India’s traded goods are either destined for or shipped from the fertile Ganges plains surrounding Varanasi.

However, less than one percent of that cargo is now shipped via water. Transportation planners aim to boost that to 10 percent when the waterway improvements are completed. Rail or road shipments take longer, less efficient routes that add costs.

The Ganges improvements are part of a larger, $800 million multi-modal transport network project funded by the Government of India and the World Bank .

Six cargo terminals will link the river with highways and a rail freight line to move goods to markets in India and abroad.


The Indo-Nepal Treaty of Trade and Transit will be amended soon to include waterways as a mode of cargo transport to enhance connectivity between the two countries.

According to Pravir Pandey, Chairman, Inland Waterways Authority of India, currently the Indo-Nepal treaty of 1991 only allows movement of cargo by road and rail between the two countries. The routes identified are Kolkata-Sahebganj by waterway and then to Nepal’s Biratnagar by road; Kolkata-Kalughat near Patna by waterway and then to Birgunj by road; and Kolkata-Varanasi by waterway and then to either Nepalganj or Mahendra Nagar by road. “Three water routes have been accepted by both the countries. There is in-principle approval of all these agencies of India and Nepal on the three routes,” he said.

These apart, the Nepal government has requested India to explore whether the Gondak river could be used as a waterway right up to the border of these two countries. However, this will call for technical studies to understand if ships of larger size can move through Gondak up to Nepal, Pandey said.

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Re: India's Shipping Sector

Postby Vips » 20 Jun 2019 18:38

In troubled waters: 10 Chinese vessels found fishing illegally in Maharashtra,

Ten Chinese fishing vessels, which sought “emergency shelter” in Ratnagiri in Maharashtra during Cyclone Vayu, are under the Centre’s scanner for allegedly fishing illegally in Indian waters . The investigation into the case began on Monday, and more than 200 crew members on board are being called for questioning to decide the course of action.

According to the Indian authorities, the boats belong to the Fu Yuan Yu fleet, owned by Dongxinglong Ocean Fishing Company Ltd, based in Fu Zhou, Fujian province in China, and had entered the Indian waters on June 7, after taking permission from the Indian Coast Guard. However, on June 9, local fishermen complained that they were involved in fishing activities. “Shelter can’t be denied during cyclone emergencies like Cyclone Vayu. Using this opportunity, the 10 vessels got involved in illegal operations within India’s exclusive economic zone (EEZ) – coastal waters where a country can claim exclusive rights for fishing and other economic activities,” said a senior official from the department of fisheries, Ministry of Agriculture and Farmers’ Welfare. “The matter is being investigated through agencies and the Coast Guard. Deterrent action will be taken against all 10 vessels under violations of the Maritime Zones of India (Regulation) of Fishing by Foreign Vessels Act, 1981.”

The Indian Coast Guard said two boats have been brought to the Dabhol creek for further investigation, while the remaining eight vessels are anchored two nautical miles off the coast. These were the only trawlers fishing, amid the monsoon restriction. Ten vessels can fish around 80,000 tonnes of marine life in a month.

Ganesh B Nakhawa, chairman, National Purse Seine Fishermen Welfare Association, said the boats are equipped with 500,000 KW of LED lights for purse seine, squid jigging and pelagic trawling. “The fleet also has other damaging illegal gear on board such as drifting gill nets, bottom trawl nets and dolphin attracting devices etc. Such vessels are banned worldwide by many fisheries commission and are under investigation of many international agencies,” he said.

“The crew hails from Indonesia, Philippines and China. Of the 37 crew members of the two vessels who were questioned, the passports of 19 have expired. These vessels are depleting the Indian EEZ of important fish such as tuna, marlins, squids, mackerels and also causing damage to the ecology by targeting protected marine species such as sharks, turtles and dolphins.” Rajendra Jadhav, joint commissioner, Maharashtra fisheries department, said, “After confirming the Chinese trawlers were carrying out fishing activity in EEZ off the Maharashtra coast, we wrote a detailed letter to the Centre. The Centre further directed all agencies to take action. The fishermen said they had come for shelter, but fishing in EEZ area is illegal for international vessels. We are keeping a close watch on them.”

An Indian Coast Guard official said, “Apart from just fishery related violations, we are investigating the nationality of these fishermen, their documents, proper customs clearance and other suspected threats.”

HT has a copy of letters issued by the Centre and Intelligence Bureau ordering a probe, Fu Yuan Yu vessels have been named in illegal fishing cases in the past.According to the illegal, unreported and unregulated fishing (IUU) Risk Intelligence, these vessels have been involved in illegal fishing for tuna in the southern Indian Ocean and South African waters in 2016. “Very little is known about the Chinese company, its ownership, management, movements and activities of the “Fu Yuan Yu” fleet in the high seas,” read a report by IUU Risk Intelligence from May 29, 2016.

Meanwhile, HT found the Chinese company that owns the vessels did not have a website or a functional telephone number listed on international data portals with details of the vessels.

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India's Shipping Sector

Postby Peregrine » 24 Jun 2019 16:38

Govt's Dighi Ports U-turn latest blow to insolvency

Not only does JNPT stand to lose Rs 20 crore but its withdrawal may open the doors for the Adani Group.

NEW DELHI: India's largest port JNPT may be forced to pull out from the race to acquire Dighi Ports under the insolvency resolution process after the shipping and finance ministries refused to offer a bank guarantee, in what is seen as the latest setback to the bankruptcy law.

Not only does JNPT stand to lose Rs 20 crore but its withdrawal may open the doors for the Adani Group to take over the port that was developed by Vijay Kalantri, who has now been declared a wilful defaulter. The other option for the committee of creditors (CoC) is to opt for liquidation of the port, which is located 150 km from JNPT.

Bankers said, the government's surprise U-turn on JNPT's bid also sends a wrong signal to international investors, some of whom have been criticised for not honouring their commitment during the insolvency resolution process. In fact, the ministry of corporate affairs was looking to levy stiff penalties against companies such as Liberty House that failed to pay up after emerging as the top bidder.

But it is the complete change of heart in the government in recent months that has stumped bankers after the shipping and finance ministries went out of the way last November to enable JNPT to submit a bid for Dighi Ports.

The CoC had found two bids of JNPT and Adani Group valid and asked them to increase the bid amount, if they wished to. In fact, the required government clearances were hurriedlyreceived and the CoC too backed JNPT’s bid, despite Adani’s offer to raise its offer. While JNPT had offered Rs 611crore and did not improve its offer, sources said, Adani Group revised its bid to make it Rs 1 crore higher than JNPT’s offer.

Sources said the JNPT was asked to pay the bank guarantee of Rs 100 crore, which it did not give nor sought exemption from CoC

JNPT has accumulated profit of about Rs 4,000 crore

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Re: India's Shipping Sector

Postby A Nandy » 06 Jul 2019 14:47

https://timesofindia.indiatimes.com/cit ... 098396.cms

VARANASI: The Multi-Modal Terminal (MMT) in Varanasi is all set to generate new employment opportunities as well as a big shift in goods load from highways and railway could be seen in days to come as the Union Budget talks of laying emphasis on pushing the Ganga waterway project ahead.

In her budget speech, Union finance minister Nirmala Sitharaman said, “We need to develop our inland waterways to shift a significant portion of inland cargo movement from road and rail. This government envisions using the rivers for cargo transportation, which will also help to decongest roads and railways. As part of the Jal Marg Vikas Project for enhancing the navigational capacity of Ganga, a multi-modal terminal at Varanasi has become functional in November 2018 and two more such terminals at Sahibganj and Haldia and a navigational lock at Farakka would be completed in 2019-20. The movement of cargo volume on Ganga is estimated to increase by nearly four times in the next four years. This will make movement of freight, passenger cheaper and reduce our import bill.”

The Inland Waterways Authority of India (IWAI) claims that Haldia-Allahabad National Waterway-I, expected to complete by 2022, will generate 50,000 direct and indirect employment opportunities in the state. Besides, the goods load being transported on this route is also expected to go up from four million ton goods to 23 million by 2023.Talking to TOI, IWAI chairman Praveer Pandey said, “Currently the load on water transport on NW-I is of four million ton. In next four years this load will grow up to 23 million ton, as was mentioned by the finance minister in her speech.” Pandey said that of the three MMTs proposed on NW-I, one at Ramnagar in Varanasi was inaugurated by Prime Minister Narendra Modi in November 2018 while other two are being constructed at Sahibganj in Jharkhand and Haldia in West Bengal.

The process of floating tender to engage a private company for operating Varanasi MMT on public private partnership (PPP) model for a period of 30 years had also been initiated after the government’s consent for it, he said. Only the work of rail linkage of Varanasi MMT is yet to be completed, said Pandey adding that the movement of shipments up to Bangladesh through NW-I has also been started through old navigation lock of Farakka barrage while creation of new navigation lock at this barrage is also in progress.

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Re: India's Shipping Sector

Postby chetak » 08 Jul 2019 14:15

Peregrine wrote:Govt's Dighi Ports U-turn latest blow to insolvency

Not only does JNPT stand to lose Rs 20 crore but its withdrawal may open the doors for the Adani Group.

NEW DELHI: India's largest port JNPT may be forced to pull out from the race to acquire Dighi Ports under the insolvency resolution process after the shipping and finance ministries refused to offer a bank guarantee, in what is seen as the latest setback to the bankruptcy law.

Not only does JNPT stand to lose Rs 20 crore but its withdrawal may open the doors for the Adani Group to take over the port that was developed by Vijay Kalantri, who has now been declared a wilful defaulter. The other option for the committee of creditors (CoC) is to opt for liquidation of the port, which is located 150 km from JNPT.

Bankers said, the government's surprise U-turn on JNPT's bid also sends a wrong signal to international investors, some of whom have been criticised for not honouring their commitment during the insolvency resolution process. In fact, the ministry of corporate affairs was looking to levy stiff penalties against companies such as Liberty House that failed to pay up after emerging as the top bidder.

But it is the complete change of heart in the government in recent months that has stumped bankers after the shipping and finance ministries went out of the way last November to enable JNPT to submit a bid for Dighi Ports.

The CoC had found two bids of JNPT and Adani Group valid and asked them to increase the bid amount, if they wished to. In fact, the required government clearances were hurriedlyreceived and the CoC too backed JNPT’s bid, despite Adani’s offer to raise its offer. While JNPT had offered Rs 611crore and did not improve its offer, sources said, Adani Group revised its bid to make it Rs 1 crore higher than JNPT’s offer.

Sources said the JNPT was asked to pay the bank guarantee of Rs 100 crore, which it did not give nor sought exemption from CoC

JNPT has accumulated profit of about Rs 4,000 crore

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wouldn't the increased bid amount have gone in a sealed cover

how did adani bid higher by just a mere one crore.

it just does not compute

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India's Shipping Sector

Postby Peregrine » 08 Jul 2019 16:52

Peregrine wrote:Govt's Dighi Ports U-turn latest blow to insolvency

Not only does JNPT stand to lose Rs 20 crore but its withdrawal may open the doors for the Adani Group.

NEW DELHI: India's largest port JNPT may be forced to pull out from the race to acquire Dighi Ports under the insolvency resolution process after the shipping and finance ministries refused to offer a bank guarantee, in what is seen as the latest setback to the bankruptcy law.

Not only does JNPT stand to lose Rs 20 crore but its withdrawal may open the doors for the Adani Group to take over the port that was developed by Vijay Kalantri, who has now been declared a wilful defaulter. The other option for the committee of creditors (CoC) is to opt for liquidation of the port, which is located 150 km from JNPT.

Bankers said, the government's surprise U-turn on JNPT's bid also sends a wrong signal to international investors, some of whom have been criticised for not honouring their commitment during the insolvency resolution process. In fact, the ministry of corporate affairs was looking to levy stiff penalties against companies such as Liberty House that failed to pay up after emerging as the top bidder.

But it is the complete change of heart in the government in recent months that has stumped bankers after the shipping and finance ministries went out of the way last November to enable JNPT to submit a bid for Dighi Ports.

The CoC had found two bids of JNPT and Adani Group valid and asked them to increase the bid amount, if they wished to. In fact, the required government clearances were hurriedly received and the CoC too backed JNPT’s bid, despite Adani’s offer to raise its offer. While JNPT had offered Rs 611crore and did not improve its offer, sources said, Adani Group revised its bid to make it Rs 1 crore higher than JNPT’s offer.

Sources said the JNPT was asked to pay the bank guarantee of Rs 100 crore, which it did not give nor sought exemption from CoC

JNPT has accumulated profit of about Rs 4,000 crore

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chetak wrote:wouldn't the increased bid amount have gone in a sealed cover

how did adani bid higher by just a mere one crore.

it just does not compute
chetak Ji :

Elementary, my dear Watson. - Sherlock Holmes!

The Bids were opened and when JNPT withdrew and so Adani - who has a highly experienced team of Port Developers as you are well aware - if not please check at https://www.adaniports.com/ with a couple of YouTube presentations - Adani stepped in!

AFAIK JNPT has only developed its own Port and Chah Bahar whereas Adani controls-owns Mundra, Vizhinjam and Dhamra Port and operates Terminals at Seven other Ports in India along with with one Port in Australia and now another in Sri Lanka possibly in Colombo as well as one in Myanmar!

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Re: India's Shipping Sector

Postby A Nandy » 13 Jul 2019 12:36


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Postby Peregrine » 03 Aug 2019 03:20

Operational & Financial Highlights - FY 19 & Q4

Key Ports & Logistic Vertical Performance FY ’19 & Q4

Page : 38 - Port Wise Cargo Break-up
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India's Shipping Sector

Postby Peregrine » 25 Aug 2019 00:26

Adani group in talks with Krishnapatnam Port to acquire majority stake - PTI

The all-weather port with 365 days of operations is located at Krishnapatnam in Nellore District of Andhra Pradesh, north of Chennai.

HYDERABAD: Gautam Adani-led Adani group is in discussions with the promoters of Krishnapatnam Port Company Ltd (KPCL) for acquiring majority stake, a deal if materialises would be about Rs 5,500 crore, sources close to the port promoters said on Tuesday.

The all-weather port with 365 days of operations is located at Krishnapatnam in Nellore District of Andhra Pradesh, north of Chennai.

"Both the parties have signed term sheet. Adanis are showing interest to acquire nearly 72 per cent of the stake in the KPCL. Due diligence is being carried out. The deal size once materialises, could be around Rs 5,500 crore," the sources told PTI.

KPCL was formed by the Hyderabad-based Navayuga Group by winning the mandate from the then AP Government to develop the existing minor port into modern, deep water and high Productivity port, on BOST (Build Operate-Share-Transfer) concession basis for 50 years.

The port which began operations in 2008 has a huge backup area of 6,800 acres. It has handled over 41 million tonnes of dry cargo and 500,000 TEUs during the last fiscal.

After the acquisition, Managing Director Chinta Sasidhar will hold the remaining 28 per cent stake and continue to remain in his current position, the sources added.

Navayuga Group, along with family and friends, owns 91 per cent of in KPCL and over nine per cent is held by the London-based equity firm 3i Group.

Adani Ports and Special Economic Zone (APSEZ) in a clarification submitted to the bourses on Tuesday on the issue of acquiring stake in KPCL, said At this point in time, there is no event/information that requires disclosure (to the regulator).

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Re: India's Shipping Sector

Postby A Nandy » 09 Sep 2019 16:00

Cargo traffic on #nationalwaterway-1 during April-July 2019 was 2.84 million tonne – a significant jump of more than 90% compared to the same period in 2018.

https://twitter.com/IWAI_ShipMin/status ... 1936124933

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Re: India's Shipping Sector

Postby vsunder » 11 Sep 2019 19:37

I was wondering when the second intermodal terminal at Sakrigalli, Sahibganj, Jharkhand on NW-1/Ganga would be inaugurated. MoS Shipping, Rajya Sabha MP, Mansukh Mandaviya had announced in July in Parliament, a completion date of Aug 30th. Tomorrow Sept 12, PM Modi will inaugurate this terminal. It will connect to the Railways by a spur line and also to the highway. It will provide employment and also easier movement of goods to Nepal. People in Sahibganj want a bridge across Ganga since independence as it will connect Santhal Pargana and its rich mineral wealth with Sikkim, Bhutan, Nepal and the Northeast.

https://en.wikipedia.org/wiki/Santhal_Pargana_division

Phase 1 of the intermodal terminal at Sahibganj is now operational.

https://inbministry.blogspot.com/2019/0 ... i.html?m=1

The intermodal terminal Phase 1 at Varanasi has been operational since Nov 2018 ^^^^^.

Work to acquire land at the bunkering terminal for LNG at Ghazipur UP on NW-1 seems not to be over and there is no word when it will be completed. Gadkari had laid the foundation stone in Jan 2018. Bunkering facility is to provide LNG to power barges and shipping that ply NW1. A new road cum rail bridge with direct monitoring by PMO to fast track it is coming up fast at Ghazipur on Ganga. However the companies that deal in LNG have pulled out of transporting LNG by barge as they claim the amount to be transported is too little for profits to be made and barge owners claim the cost to convert diesel engines to LNG powered ones is prohibitive. Unless GoI reviews policy or Gadkari intervenes things may be halted at Ghazipur.
Moreover with all this development at Ghazipur, the sitting MP Manoj Sinha MoS Railways, lost the last GE to some SP goonda and history sheeter.

https://www.livemint.com/Politics/hHGFz ... rmina.html

https://www.bloombergquint.com/business ... on-starter

https://shipandbunker.com/news/apac/953 ... g-facility

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Re: India's Shipping Sector

Postby A Nandy » 12 Sep 2019 22:32



Done!

https://www.republicworld.com/india-new ... l-terminal

Through the route of the waterway, the Multi Modal Terminal will open up industries of Jharkhand and Bihar to the global market. It is specifically going to benefit the local mines in the Rajmahal area as coal will be easily transported to the thermal power plants located along National Waterways-1. Other than that, stone chips, fertilizers, cement, and sugar are also expected to be transported through the terminal. The MMT will also provide Indo-Nepal cargo connectivity, according to a statement issued by the government.

The convergence of Road-Rail-River Transport at Sahibganj through the new terminal will connect the area to Kolkata, Haldia and further to the Bay of Bengal. Also, Sahibganj will get connected to North-East States through Bangladesh by the river-sea route.
The Multi Modal Terminal will also help to create employment in the region and is envisaged to directly employ 600 people and indirectly employ about 3000 people.

READ I PM Modi to announce new pension schemes from Jharkhand on Thursday

Capacity of the terminal
The present capacity of the terminal is at 30 lakh tonnes per annum. However, in the Phase II plan, under the Public-Private Partnership model, the capacity is envisaged to grow to 54.8 lakh tonnes per annum after an investment of Rs 376 crores. The development in Phase II will be entirely made by the private concessionaire. Further, a freight village is also proposed on 335 acres of land, bordering the terminal.

READ I Congress workers fight among themselves outside party's Ranchi office, Jharkhand police lathicharges them

Jal Marg Vikas Project
The JMVP is aimed to develop the stretch of River Ganga between Varanasi to Haldia for navigation of large vessels by maintaining a drought of 2-3 metres in this stretch of the river and setting up other systems required for safe navigation. This is the second of the three Multi-Modal Terminals being constructed on river Ganga under JMVP. Earlier, in November 2018 the Prime Minister had inaugurated the MMT at Varanasi.


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8)

Next up is the completion of the MMT at Haldia and the new navigation lock at Farakka Barrage:
https://twitter.com/mansukhmandviya/sta ... 1796600833

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India's Shipping Sector

Postby Peregrine » 24 Sep 2019 19:39

India, Iran review progress on full operationalisation of Chabahar port

India is participating in the development of the first phase of the Shahid Behesti Port in Chabahar in cooperation with Iran.

India and Iran on Monday reviewed ongoing connectivity and infrastructure development projects, including the progress on full operationalisation of the strategic Chabahar port.

The review took place during the sixteenth round of the Foreign Office Consultations that were held between the two sides in Tehran with the Indian side led by Foreign Secretary Vijay Gokhale and the Iranian side headed by Deputy Foreign Minister Seyyed Abbas Araghchi.

Gokhale also called on Iranian Foreign Minister Javad Zarif and Senior Advisor to Supreme Leader Ali Akbar Velayati, the Ministry of External Affairs said in a statement.

During the consultations, the two sides reviewed the entire gamut of bilateral cooperation, ongoing connectivity and infrastructure development projects, including development of the Shahid Behesthi Port, Chabahar, and full operationalisation of the Trilateral Transit Agreement (Chabahar Agreement) between India, Iran and Afghanistan.

India is participating in the development of the first phase of the Shahid Behesti Port in Chabahar in cooperation with Iran.

Indian company, India Ports Global Limited, had taken over the port operations in December 2018 and has been successfully handling cargo since then.

Both sides also exchanged views on regional and international issues of mutual interest, the MEA said.

It was agreed to maintain the momentum of mutually beneficial multi-faceted bilateral cooperation and exchanges between the two sides, and to hold the next round of the Joint Commission Meeting at the level of the external affairs minister at an early date in Iran, the statement said.

The next round of Foreign Office Consultations will be held in New Delhi on mutually convenient dates, it said.

The consultations comes at a time when the energy ties between the two countries have taken a big hit due to US ban on buying oil from Iran.

In November, the US had granted a six-month waiver to India, China, Greece, Italy, Taiwan, Japan, Turkey and South Korea to continue importing oil from Iran. The temporary waiver ended on May 2.

In May last year, the US had brought back sanctions on Iran after withdrawing from the Iran nuclear deal which was struck in 2015.

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Re: India's Shipping Sector

Postby hnair » 25 Sep 2019 09:55

Pregerine, fyi, a month old pic (courtsey SSC link) of Vizhinjam Port coming up. Finally an infra at in my neck of woods, that kind of looks cheeni type land grab from ocean :D

- The old fishing harbour is at the top
- the huge 3km breakwater is yet to be started, due to monsoons, but now that the shortage of stones have kind of been sorted out, hope to see some action next month onwards
- the concrete lattice structure to the left is going to be the quay where fully automated cranes (like those TFTA Europort's robotic ones in Hamburg, rumored to be a first in India) will be bolted on and land filled remains to be filled till that
- the current kammie state govt was not very helpful to the Big A building the port, until recently, when they woke up to the prospect of inaugurating this by next year, just before state elections :-o So what should have been commissioned last year, is now late by almost two years

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Re: India's Shipping Sector

Postby A Nandy » 03 Nov 2019 15:27

https://economictimes.indiatimes.com/ne ... s?from=mdr

How India plans to use Bangladesh's rivers to unlock its landlocked Northeast?
​​India’s northeast is a prisoner of geography. Landlocked and ring-fenced by neighbours, its lone land-based connection with the rest of India is narrow—the 22-km wide ‘chicken’s neck’ in Siliguri—and strategically speaking, easy to disrupt

Connecting Agartala by road to ocean ports in Chittagong and Mongla in Bangladesh, just 200 km away, is the other initiative that is now gathering pace. All of this is happening against the backdrop of growing trade between India and Bangladesh, where frenetic construction activity is creating an insatiable appetite for fly ash—the key ingredient in the manufacturing of cement—from India.

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Re: India's Shipping Sector

Postby Peregrine » 05 Nov 2019 04:24

hnair wrote:Pregerine, fyi, a month old pic (courtsey SSC link) of Vizhinjam Port coming up. Finally an infra at in my neck of woods, that kind of looks cheeni type land grab from ocean :D

- The old fishing harbour is at the top
- the huge 3km breakwater is yet to be started, due to monsoons, but now that the shortage of stones have kind of been sorted out, hope to see some action next month onwards
- the concrete lattice structure to the left is going to be the quay where fully automated cranes (like those TFTA Europort's robotic ones in Hamburg, rumored to be a first in India) will be bolted on and land filled remains to be filled till that
- the current kammie state govt was not very helpful to the Big A building the port, until recently, when they woke up to the prospect of inaugurating this by next year, just before state elections :-o So what should have been commissioned last year, is now late by almost two years
hmair Ji :

Your Post : 25 Sep 2019 09:55 - Sorry for the Late Reply.

In the Post you refer to on SSC Forum of August 22nd, 2019, 07:45 PM I note that the name of Port is Port of Ananthapuri

AA : As such is Vizhinjam renanmed to Ananthapuri?

BB : The delays were due to, I believe, the problem of getting the right "STONES"

CC : The Lal sharks in addition to being Anti - Adani, there was quite a bit of "Storm Damage" and now that the supply of Stones is being sorted let us hope that the Port of Vizhinjam gets completed and on Stream SOONEST.

DD : In addition to Vizhinjam the Adani Group has Nine other Ports and Terminals and is now going in for the Port of Dighi. In the past the Adani Group was trying for PORT OF KRISHNAPATNAM as well in Srilanka and Myanmar. In addition they are operating a port in Kangarooland!

Let us see how the cocoon spins!

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Re: India's Shipping Sector

Postby jaysimha » 26 Dec 2019 17:20

Press Information Bureau
Government of India
Ministry of Shipping
24-December-2019 11:37 IST
Year End Review 2019- Ministry of Shipping

https://pib.gov.in/newsite/PrintRelease ... lid=196067

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India's Shipping Sector

Postby Peregrine » 09 Jan 2020 05:14

Adani Ports to acquire 75% stake in Krishnapatnam Port Company

The Gautam Adani-led company will buy a 75% stake in KPCL at an enterprise value of Rs 13,572 crore after prolonged talks to obtain the all-weather port in Andhra Pradesh. The all cash deal will be funded through internal accruals and existing cash balance, the company said in a release.

MUMBAI: Adani Ports and Special Economic Zone on Friday announced its decision to acquire a controlling stake in Krishnapatnam Port Company Limited (KPCL) in what would be the largest acquisition in the port sector in India.

The Gautam Adani-led company will buy a 75% stake in KPCL at an enterprise value of Rs 13,572 crore after prolonged talks to obtain the all-weather port in Andhra Pradesh. The all-cash deal will be funded through internal accruals and existing cash balance, the company said in a release.

Located at Krishnapatnam in Nellore district of Andhra Pradesh, north of Chennai, the port was developed in 2008 by CVR Group, which continues to own a majority stake. London-based private equity firm 3i Group owns a minority stake.

The port adds about 64 million metric tonnes (MMT) of annual cargo-handling capacity to Adani Ports’ kitty, increasing its market share by 5 percentage points to 27%. With Krishnapatnam, Adani Ports now has 12 ports and terminals across the country.

The deal comes close on the heels of the company’s subsidiary Adani Logistics announcing the acquisition of Snowman Logistics, a cold chain logistics company for Rs 296 crore.

The Adani Group, which has become one of the largest port developer and operators in the country, has been on an expansion spree with its eyes set on achieving 400 MMT cargo handling capacity by 2025.

“With the experience of successfully turning around acquisitions of Dhamra and Kattupalli ports, we are confident of harnessing the potential of KPCL and improve returns to stakeholders,” said Karan Adani, chief executive of Adani Ports and Special Economic Zone. The company had acquired the Dhamra and Kattupalli ports on the country’s eastern coastline in 2014 and 2018, respectively.

The younger Adani expects to increase KPCL’s capacity to 100 MMT in the next seven years and double the company’s Ebitda (earnings before interest, tax, depreciation and amortisation) in four years. In FY19, KPCL handled about 54 MMT of cargo, with an Ebitda of Rs 1,350 crore.

The transaction is expected to be completed within 120 days, subject to legal approvals, including that from the competition watchdog.

In Video : Adani Ports bags 75% stake in Krishnapatnam Port for Rs 13,572cr

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India's Shipping Sector

Postby Peregrine » 09 Jan 2020 05:19

APSEZ has sufficient financial headroom to absorb proposed buyout in Krishnapatnam Port: S&P

Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&P Global Ratings has said

NEW DELHI: Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&P Global Ratings has said.

"APSEZ's strong financial performance and flexibility in adjusting capital expenditure (capex) and dividends, and earnings contribution from Krishnapatnam will allow it to maintain its leverage within our rating threshold," the ratings agency said in a statement.

Adani Group's port developing arm had last week said that it will acquire 75 per cent stake in KPCL in a cash deal that values the port at Rs 13,500 crore.

S&P Global Ratings said that it expects APSEZ to maintain its ratio of funds from operations to debt at more than 15 per cent following the acquisition.

"APSEZ's leverage is likely to be about 15 per cent in fiscal 2021 (year ending March 2021) as a result of the acquisition, compared with our previous estimate of about 18 per cent.

"Leverage will then revert to 15-17 per cent in fiscal 2022 and beyond with higher operating cash flows and lower capex supporting deleveraging. We do not factor any improvement in margins of the acquired business or changes to APSEZ's dividends and capex plans," it said

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Re: India's Shipping Sector

Postby tandav » 10 Feb 2020 18:22

I have started swimming in the seas off Mumbai nowadays and the water quality needs massive improvement due to sewage contamination. Coastal Shipping and Shallow Water Boat traffic is underlooked. We have to develop a better boating culture. The USA has an extensive network of Marinas dotting its cities and coast lines.

Sewage from cities is a highly misused resource and I am proposing a new initiative of creating a series of coastal breakwaters parallel to the Indian coast line perhaps 100m from the present coast (so that a boat draft of 3m can be created for small boats) that will create a safe harbor for small boats. The breakwater will help retain fresh water (controlled mixing) on the inland side where mangroves can be grown. The breakwater itself is conceived as bio active green infrastructure which will use sewage generated by the city to fertilize the mangroves. The mangroves inturn will help bind the breakwater from wave energy. This has massive advantages 1) City sewage is treated 2) breakwater created saving coastal communities 3) Inter coastal travel via boats can be kick started 4) Fisheries will improve due to mangrove forests. There are several technical challenges to be addressed but I am confident that they can be overcome.

The USA in 1837 onwards created what is now known as the inter coastal waterway (ICW) which allows shallow water craft to travel 3000 miles from Florida to Maine without having to brave open ocean conditions... this canal is today being used by small boats and water craft/barges etc and has a draft of 7 ft. I am proposing that we seed a similar system for coastal India via mangrove forest fertilized by sewage

https://en.wikipedia.org/wiki/Intracoastal_Waterway

https://www.publications.usace.army.mil ... S_83-9.pdf

https://www.youtube.com/watch?v=Vp9man2zhTo

https://www.youtube.com/watch?v=siHnz1C7Djk

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Re: India's Shipping Sector

Postby kit » 10 Feb 2020 18:26

Peregrine wrote:
Peregrine wrote:Govt's Dighi Ports U-turn latest blow to insolvency

Not only does JNPT stand to lose Rs 20 crore but its withdrawal may open the doors for the Adani Group.

NEW DELHI: India's largest port JNPT may be forced to pull out from the race to acquire Dighi Ports under the insolvency resolution process after the shipping and finance ministries refused to offer a bank guarantee, in what is seen as the latest setback to the bankruptcy law.

Not only does JNPT stand to lose Rs 20 crore but its withdrawal may open the doors for the Adani Group to take over the port that was developed by Vijay Kalantri, who has now been declared a wilful defaulter. The other option for the committee of creditors (CoC) is to opt for liquidation of the port, which is located 150 km from JNPT.

Bankers said, the government's surprise U-turn on JNPT's bid also sends a wrong signal to international investors, some of whom have been criticised for not honouring their commitment during the insolvency resolution process. In fact, the ministry of corporate affairs was looking to levy stiff penalties against companies such as Liberty House that failed to pay up after emerging as the top bidder.

But it is the complete change of heart in the government in recent months that has stumped bankers after the shipping and finance ministries went out of the way last November to enable JNPT to submit a bid for Dighi Ports.

The CoC had found two bids of JNPT and Adani Group valid and asked them to increase the bid amount, if they wished to. In fact, the required government clearances were hurriedly received and the CoC too backed JNPT’s bid, despite Adani’s offer to raise its offer. While JNPT had offered Rs 611crore and did not improve its offer, sources said, Adani Group revised its bid to make it Rs 1 crore higher than JNPT’s offer.

Sources said the JNPT was asked to pay the bank guarantee of Rs 100 crore, which it did not give nor sought exemption from CoC

JNPT has accumulated profit of about Rs 4,000 crore

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chetak wrote:wouldn't the increased bid amount have gone in a sealed cover

how did adani bid higher by just a mere one crore.

it just does not compute
chetak Ji :

Elementary, my dear Watson. - Sherlock Holmes!

The Bids were opened and when JNPT withdrew and so Adani - who has a highly experienced team of Port Developers as you are well aware - if not please check at https://www.adaniports.com/ with a couple of YouTube presentations - Adani stepped in!

AFAIK JNPT has only developed its own Port and Chah Bahar whereas Adani controls-owns Mundra, Vizhinjam and Dhamra Port and operates Terminals at Seven other Ports in India along with with one Port in Australia and now another in Sri Lanka possibly in Colombo as well as one in Myanmar!

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Adani does seem to have some support from the "inside" , witness their last minute bid and ruckus for the sub contract

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Re: India's Shipping Sector

Postby Mollick.R » 25 Jun 2020 15:40

MAJOR PORT
The Cabinet also accorded in-principle approval to set up a major port at Vadhavan in Maharashtra, at a project cost of more than Rs 65,000 crore. The Vadhavan port will be developed on a “landlord” model, under which the port authority acts as the regulatory body as well as the landlord, while private entities handle port operations.

A Special Purpose Vehicle (SPV) will be formed with Jawaharlal Nehru Port Trust (JNPT) as the lead partner, with equity participation equal to or more than 50 per cent to implement the project.


Link // Note:- look at the bottom of "Cooperative banks to come under RBI" article.

https://economictimes.indiatimes.com/markets/stocks/news/cooperative-banks-to-come-under-rbi-watch/articleshow/73973968.cms?from=mdr

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Re: India's Shipping Sector

Postby Jarita » 06 Aug 2020 09:11

Posting this here as it is related to port management/ shipping lines. Hope we are keeping a close eye in India.

https://twitter.com/maggiekb1/status/12 ... 1724917761

Apparently, it’s not all that uncommon for shipping companies to just ghost on their ships and crews, abandoning both at random ports of call. And this is the root cause of the explosion in Beirut.


https://pbs.twimg.com/media/Ees_FfDXYAA ... ame=medium

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Re: India's Shipping Sector

Postby Jarita » 06 Aug 2020 20:23

This built up quickly

After Beirut explosion, ammonium nitrate stockpile in Chennai raises concerns

ince the huge amount of ammonium nitrate was imported by Amman Chemicals based out of Karur in Tamil Nadu from South Korea without required permission, the Customs Department seized the chemical along with the containers and stored them at a contain...


https://www.deccanherald.com/national/s ... 70234.html

there was no need to panic as the freight station where ammonium nitrate is stored is located in an isolated area.


We still need to panic as that consignment is sitting there since Nov 2015. Why did they not dispose it off?

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Re: India's Shipping Sector

Postby Mollick.R » 10 Aug 2020 23:07

India plans Rs 10,000 cr transshipment port at Great Nicobar Island: PM Modi
PTI Last Updated: Aug 10, 2020, 05:29 PM IST

NEW DELHI: India is considering investing Rs 10,000 crore for building a transshipment port at Great Nicobar Island in the Bay of Bengal to provide shippers an alternative to similar ports in the region, Prime Minister Narendra Modi said on Monday as he inaugurated the first undersea optical fibre project to provide high-speed internet to Andaman and Nicobar Islands.

"There is a proposal to build a transshipment port at Great Nicobar at an estimated expenditure of about Rs 10,000 crore. Large ships can dock once this port is ready," he said at the inauguration ceremony held through video link.

The dedicated container transshipment terminal at the strategic port locale in the Andaman and Nicobar Islands along the Bay of Bengal coastline offers two geographical advantages -- proximity to the busy east-west international shipping route that can facilitate shorter transits and greater economies of scale, and deep natural water depths that can accommodate the latest generation of mega-ships.

The transshipment port would enable big ships to anchor and raise India's share in maritime trade as well as create new job opportunities, he said.

The Andaman and Nicobar Islands Administration had last year floated an expression of interest for the container transshipment terminal with the Free Trade Warehousing Zone in South Bay, Great Nicobar Island to provide Indian shippers an alternative to Colombo, Singapore and Port Klang (Malaysia) transshipment ports.

The Prime Minister said Andaman & Nicobar will be developed as a hub of port-led development as it is at a competitive distance from many ports of the world.

https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/india-plans-rs-10000-cr-transshipment-port-at-great-nicobar-island-pm-modi/articleshow/77463442.cms

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Re: India's Shipping Sector

Postby vipins » 10 Aug 2020 23:58

Various Port related projects under NIP
NIP Ports

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Re: India's Shipping Sector

Postby jaysimha » 22 Sep 2020 17:12


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Re: India's Shipping Sector

Postby A Nandy » 24 Sep 2020 02:32

http://newsonair.com/News?title=Lok-Sab ... &id=400589

Lok Sabha passes the Major Port Authorities Bill, 2020
PTILok Sabha passed the Major Port Authorities Bill, 2020 today. The Bill seeks to provide for regulation, operation and planning of major ports in the country and provide greater autonomy to these ports. It seeks to replace the Major Port Trusts Act, 1963.

The legislation provides for the creation of a Board of Major Port Authority for each major port. These Boards will replace the existing Port Trusts.

Union Shipping Minister Mansukh Mandaviya while replying after the discussion on the bill said that it will make the major ports in the country more autonomous and provide major thrust in the maritime sector.



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