VCTPL to complete expansion by March 2021

Visakhapatnam Container Terminal Private Limited, a BOT operator of Visakhapatnam Port Trust (VPT), which runs the country’s deepest container terminal, has set March, 2021 as the deadline for completion of its expansion project.

“We are confident of increasing the capacity from 0.6 million twenty foot equivalent units to 1.5 million TEUs per annum after launching the work on a war footing,” a senior official of VCTPL told The Hindu.

He said they would make VPT’s dream to transform the major port...

https://container-news.com/vctpl-expansion-march-2021/

Crane catches fire at Visakhapatnam port

A crane was damaged after it went into flames while loading cargo to Merchant Vessel Yasa Falcon in the WQ-1 berth of Visakhapatnam port on Monday, Aug. 26. However, no casualties were reported.

An electrical short-circuit in the engine of the crane is suspected to have caused the fire, the officials said after the preliminary assessment.

The merchant vessel was immediately shifted to another berth.

A senior official of Visakhapatnam Port Trust (VPT) said fire broke out in the crane, owned by...

https://container-news.com/crane-catches-fire-visakhapatnam-port/

State in talks with VPT to develop Masula port

The Andhra Pradesh State government has intensified efforts to rope in Visakhapatnam Port Trust (VPT) as the developer of the Machilipatnam deep seaport, high-placed sources associated with the talks on selecting the new developers told The Hindu.

First-stage talks with VPT were completed in early July.

Meanwhile, the State government has dropped Navayuga Construction Company Limited as the developer of the Machilipatnam port, canceling the concession agreement signed in June 2010, according to a...

https://container-news.com/state-in-talks-vpt-masula-port/

IFC likely to sanction loan for Visakha terminal expansion

The International Finance Corporation (IFC), the private arm of the World Bank, along with a consortium of banks, is considering sanctioning loan to fund the expansion of the container terminal being operated by the Visakhapatnam Port Trust (VPT) through the Visakha Container Terminal Pvt. Ltd.

Diligence study

Talks have reached an advanced stage, with the IFC involving the ICICI to proceed further and explore the sanction of the loan sought by the VCTPL. At present, the due diligence study is...

https://container-news.com/ifc-sanction-loan-visakha-terminal-expansion/

Vizag port takes advantage from solar power

It is the only major port in India to achieve the feat, says VPT official

Having achieved the incremental growth during the current fiscal year three months ahead of the schedule, the Visakhapatnam Port Trust (VPT) has earned a unique distinction of being the only major port in India to meet its total energy requirement from solar power generated by its captive plant.

Now, the VPT is generating 17 million units of power per annum from its 10 MW power plant and after meeting the requirement of the...

http://container-news.com/vizag-port-solar-power/

VPT ready to expand its container terminal

Work for the ₹633-cr. project likely begin by the year-end’

The Visakhapatnam Port Trust (VPT), which has prepared the blueprint to become a world-class port, is all set to raise the green flag for the expansion of container terminal with an investment of ₹633 crore, one of its big-ticket projects.

With Visakha Container Terminal Private Limited, the BOT operator for the project, achieving the financial closure, the works are expected to commence by the year-end or early next year. After approval...

http://container-news.com/vpt-proceed-expansion-container-terminal/

Vizag port initiates steps for faster evacuation of cargo (The Hindu)

‘Seven connectivity projects being undertaken at a cost of ₹274 crore’

Based on the recommendations of Boston Consulting Group and Union Ministry of Shipping, Visakhapatnam Port Trust (VPT) has initiated several measures for removal of the bottlenecks to ensure faster evacuation of cargo.

The port has undertaken seven connectivity projects at a cost of ₹274 crore.

The completed projects include the first phase electrification of East Yard at a cost of ₹20 crore, direct connection from Ore Exchange...

http://container-news.com/vizag-port-evacuation-cargo/

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