Kolkata port, Hooghly Oil & Gas tie up for liquid cargo terminal at Haldia Back to News & Events List


The Kolkata Port Trust (KoPT) on Thursday signed a concession agreement with Hooghly Oil & Gas Terminal Pvt Ltd for setting up a liquid cargo handling terminal at Shalukhali in Haldia, 130 km from here.

The project will help reduce pre-berthing detention and turnaround time of tankers carrying different liquid cargo, leading to a reduction in logistics costs to trade.

Hooghly Oil & Gas Terminal, a wholly-owned subsidiary of IMC Ltd, will set up a jetty on a PPP basis at an investment of 172.51 crore.

The jetty will handle LPG, LNG, edible oil and chemicals. The project will be completed in 36 months, said a KoPT release.

According to KoPT’s masterplan, the liquid cargo handling has been projected as 16.4 million tonnes per annum by 2020 and 20 million tpa by 2025. The proposed terminal will augment the liquid cargo handling capacity of Haldia Dock Complex by at least 2.5 million tpa.

 

Source: thehindubusinessline


Recent News


17

05/2018
Shipping freight market revives: Indian companies are yet to see the change

The shipping freight market is turning the corner, and the worst seems behind it. The freight market is here to stay firm, at least for some time, say analysts. From next year,...

08

05/2018
India April Iran oil imports up 49 pct from a year ago -tanker data

India’s oil imports from Iran rose 48.8 percent in April from a year ago as refiners bought more crude after the lifting of sanctions against the OPEC producer, although ...

18

04/2018
India pitches for soybean exports to China amid US trade spat

Sharply criticising protectionist policies of western countries, India offered to export soybean and sugar to China amid the tariff spat between Beijing and Washington and soug...

09

04/2018
Kolkata Port to revive ship repairing facilities with Cochin Shipyard deal

After signing a profit-sharing agreement with Cochin Shipyard Ltd (CSL) - India's largest shipbuilding and maintenance company - Kolkata Port Trust (KoPT) is set to revive ...