For All Type of Marine & General Insurance
www.portwings.in
Aug 12th - 18th Issue
SANCO TRANS LTD
Also undertaking Life and Mediclaim Policies Contact:
K.Sivakumar,
M.Sc, B.L.,
Insurance Advisor
Off: Srinivasa Complex, No.72,/149, Linghi Street, Chennai - 600 001. Ph: 044-25260381 Mob: 9444222056 E-mail: mugavaishiva@gmail.com
Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741
Wednesday, August 12, 2020
8 Pages
I
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. DEDICATED CONTAINER TRANSSHIPMENT TERMINAL The dedicated container transshipment terminal at the strategic port locale in the Andaman and Nicobar Islands along the
Wing 6 Feather 52
Mob : 9884085285
Cargo Volumes At Major Ports Decline 18% In April-July
India Plans Rs 10,000 Crore Transhipment Port at Great Nicobar Island: PM Modi New Delhi Port Wings News Network ndia is considering investing Rs 10,000 crore for building a transhipment port at Great Nicobar Island in the Bay of Bengal to provide shippers with an alternative to similar ports in the region, Prime Minister Narendra Modi said on 10 August 2020 as he inaugurated the first undersea optical fibre project to provide high-speed internet to Andaman and Nicobar Islands, according to a report in WION Online quoting news agency the PTI. The 2,312-kilometre-long submarine optical fibre cable from Chennai to Andaman and Nicobar Islands, laid at a cost of Rs 1,224 crore, will provide "better and cheaper connectivity", Modi said. "There is a proposal to build a transhipment port at Great Nicobar
`12
Authorized Economic Operator
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. Contd. on page -2
New Delhi Port Wings News Network argo volumes handled at India’s dozen state-owned major ports fell 18.06 per cent during April-July period to 193.38 million tonnes (mt) from 236.01 mt a year ago as the coronavirus-induced demand contraction continue to roil global trade, reports BusinessLine. With the exception of Mormugao Port Trust, the remaining 11 major ports reported volume declines in the April-July period compared
C
to the same period last year, with Kamarajar Port Ltd posting the steepest fall of 35.64 per cent, according to the Shipping Ministry. Kamarajar Port Ltd, India’s only state-owned port that is run as a company, handled 7 mt from the 10.87 mt last year. Chennai Port Trust handled 11.08 mt in April-July FY21 from 16.43 mt last year, a drop of 32.53 per cent. The container volumes at Chennai dipped to 323,000 TEUs from 506,000 TEUs, a decline of about 36 per cent. Cochin Port Trust handled 7.76 mt, 32.78 per cent lower than the 11.55 mt handled during the Contd. on page -2
Inside
Wishes its Readers, Advertisers and Well Wishers a
Happy Independence Day
DG Shipping Advises Stakeholders... Piyush Goyal Calls Upon More... NHAI Pact With IIT Delhi For Setting... MANSA Felicitates Mumbai Port... Vessel Position at Terminals and Ports... Latest Customs Exchange Rates...
Pg-2 Pg-3 Pg-4 Pg-5 Pg-6 Pg-7
CUSTOMS NOTIFIED INLAND CONTAINER DEPOT/PUBLIC BONDED WAREHOUSE
@ BENGALURU
ICD: Plot No: 95P&96, Vemgal Industrial Area Koorgal Village, Vemgal Hobli, Kolar Taluk, Bengaluru-563102 ICD: 0815-224 6665 :vemgal@sattva.in Contact: Mr. R Desikan 098400 70459 / Mr. T G Sundar Rajan 073389 64665
Let’s Salute the Nation
Happy Independence Day!
An AEO Certified ICD in Bengaluru
City Office : No 824, 1st Floor, HAL, 2ND Stage, 11th Main Road, 2nd Cross, Indira Nagar, Bengaluru- 560 008
www.sattva.in
SATTVA LOGIsTICs GROUP Chennai CFS (1) – Manali : Chennai CFS (2) (AEO Certified) – Vichoor (AEO Certified) ICD - Puducherry (AEO Certified) ICD/CFS – Ambur Leather cluster (AEO Certified) ICD - Arakonam with Integrated Rail Terminal / Road Rail Car Transportations ICD/3PL Centre Operational in Bengaluru. Visakha CFS WITH Integrated rail terminal (AEO Certified) - Visakhapatnam
RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2018-2020 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Tuesday / Wednesday