4 minute read
Visakhapatnam Port Chairman
Visakhapatnam Port Chairman Takes Additional Charge in DCI Chairman
Visakhapatnam Port Wings News Network
Advertisement
Shri K Rama Mohana Rao, IAS, currently Chairman of Visakhapatnam Port Trust (VPT) is appointed as Director and Chairman of the Dredging Corporation of India Limited on 22 December 2020. Shri Rao is a 1994 batch lAS officer of UP Cadre. Previously, Shri Rao worked in various posts
in UP Government and his immediate previous posting was as Commissioner, Mirzapur, UP Government. His expertise includes Administration, Port & Shipping Sector etc.
The 44th Annual General Meeting of the company was held on 22 December 2020 wherein the members have approved the financial results for the year 2019-20. etc.,
FINANCIAL RESULTS FOR THE YEAR 2019-20
The Profit after tax of the company is Rs. 551 lakh for the year as compared to Rs. 3803 lakh for the previous year.
The operational income of the Company is Rs. 74969 lakh as compared to Rs. 69174 lakh for the previous year. The other income is Rs. 560 lakh as compared to Rs. 678 lakh for the previous year. The total income for the year is Rs. 75529 lakh as compared to Rs. 69852 lakh for the previous year. The shareholders in the 44th AGM held on 22-12-2020 approved the above financial results for the year 2019-20.
DREDGING OPERATIONS:
The company has been performing the dredging at the port for the past 30 years. The company also caters to the maintenance dredging requirements of other major ports/Indian Navy etc., The company is taking capital dredging assignments on the availability of the vessels and other logistic requirements. The above works were executed either under the existing contracts or renewal of the contracts entered into with the Ports etc., during the previous years or new contracts entered into during the year.
CORPORATE SOCIAL RESPONSIBILITY:
The company has also taken steps for fulfilling its responsibility towards the Society by implementing the CSR initiatives. During the year the company has spent an amount of Rs. 108.28 lakh towards CSR activities which is more than the target of Rs. 54.38 lakhs as per the Companies Act. The Company has undertaken CSR activities in the form of distribution of school bags in Government schools, providing RO Water Plant in Government Schools and installation of biodisaster toilets etc.
Shipping Ministry Identifies New Routes For RO-RO, RO-PAX & Ferry Services
Chennai Port Wings News Network
Ministry of Ports, Shipping and Waterways (MoPSW) has been working continuously for the promotion of Coastal Shipping under Sagarmala Programme.
The Sagarmala programme is the flagship programme of the Ministry to promote portled development in the country through harnessing India’s 7,500 Km long coastline and potentially navigable waterways.
MoPSW has identified Domestic locations namely Hazira, Okha, Somnath Temple, DIU, PIPAVAV, Dahej, Mumbai/JNPT, Jamnagar, Kochi, Ghogha, Goa, Mundra and Mandvi and 6 International routes, connecting 4 international destinations namely Chattogram (Bangladesh), Seychelles (East Africa) Madagascar (East Africa) and Jaffna (Sri Lanka) from Indian major coastal port towns for the commencement of ferry services through inland waterways.
MoPSW, through Sagarmala Development Company Limited (SDCL), is desirous of facilitating the companies to operate RO-RO, RO-PAX and Ferry services on various routes across the nation and provide the required support to make the project operational.
MOPSW has recently successfully implemented one of such ferry routes by deploying RoPAX vessel ferry service between Hazira and Ghogha. This ferry service has reduced the distance between Ghogha and Hazira from 370 Km to 90 Km and travel time from 10 to 12 hours to about 5 hours. This will result in huge savings of fuel (approx. 9000 litres per day)
To replicate the success of the above business model, MoPSW now encourages the private operator to identify the routes, which offers potential to commence the RO-RO, RO-PAX ferry service based on the localized demand to promote the supplementary and sustainable mode of the transportation through coastal/inland water. The purpose is to: 1. Create a supplementary mode of transportation, which will not only be beneficial for the daily commuters, tourists’ movement and cargo transportation but also helpful in reducing carbon footprint by shifting to environmentfriendly mode of transportation from rail and road. 2. Provide impetus to the tourism industry 3. Create job opportunities in the coastal regions 4. Saving in terms of both cost and time for the users 5. Decongest road and rail networks
Sagarmala Development Company Ltd will support the initiative by providing equity to the project in SPV framework, if required, and provide other assistance and facilitation to the private Operator(s) including obtaining various permissions and approvals from regulatory and statutory Government Authorities.
Global CarGo loGistix Pvt ltd we take atmost care, we deliver
international FreiGht Forwarders & CarGo aGents
#89/181, 2nd Floor, Thambu Chetty Street, Mannady, Chennai - 600 001. India. Ph: 91-44-4216 5140 / 4309 0554 Prabakaran (Praba) - Managing Director Mob: 98402 10554 / 99400 98091 Email: praba@globalcargologistix.com Website www. globalcargologistix.com
rAjA AgEnCIES
SErVICES Steamer Agents Liner Agent Stevedores Chartering Brokers Custom House Agents Container Freight Station
LiLy LiNe Offers LCL & FCL Services Ex.Tuticorin, Cochin, Krishnapatnam, Chennai to
MALDIVES
