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


Cargo trade routes are changing amid trade war, says SATS CEO

A reconfiguration of cargo routes is underway as the trade war between the U.S. and China spills over globally, a logistics industry executive said. “We’ve def...


Indian coal imports rise at the fastest rate in 3-1/2 years

India’s thermal coal imports rose at the fastest pace in three-and-a-half years in the September quarter, spurred by new demand and domestic infrastructure bottlenecks th...


India should reduce or stop crude oil import from Iran: Moody’s

Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other West Asian s...


ING To Redirect Financing Towards Greener Shipping, Together With Other High Greenhouse Gas Emission Segments

ING has a lending portfolio of over €500 billion across many sectors, which we’ll now begin steering towards meeting the Paris Agreement’s well-below two-degre...