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Displaying 1 to 2 of Records.
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Krishnapatnam Port eyes 100 MT cargo capacity by FY21
Krishnapatnam Port Company, promoted by Hyderabad-based CVR Group, is looking at expanding its cargo handling capacity to 100 million tonnes (MT) by the end of this decade, a top company official said.
"We are looking at touching 100 million tonnes cargo capacity by FY21. We are also planning to have a capacity of up to 200 million tonnes," the company's CEO and Director Anil Yendluri told reporters here during a visit over the weekend.
He, however, declined to give any timeline to achieve the 200 MT capacity.
"It is difficult to predict timelines (for 200 MT capacity) now. It depends on how much the 'Make in India' campaign will take it forward and how aggressive the economy is likely to grow in the next 10 years," Yendluri added.
Currently, the port has a capacity to handle 74 MT cargo per year.
Yendluri did not disclose the investments the company will make for capacity expansion.
The port, situated in Nellore district of Andhra Pradesh, which handled 41 MT cargo in FY15, has seen some dip in cargo handling in the current fiscal due to floods in Tamil Nadu.
"In the current fiscal, there will be a slight dip because we have lost three months during the Tamil Nadu floods and we may end up at 35-36 MT. But this is very healthy growth when you see slow growth of the economy," he said.
The company is also looking at a dip in revenue to Rs 1,750 crore in FY16 from Rs 1,820 crore last fiscal.
The port is being built in three phases, with the first phase commissioned in September 2012. The second phase is underway now.
So far, the company has invested around Rs 8,000 crore for the project.
Its debt-to-equity ratio stands at 70:30, with debt at around Rs 5,000 crore. The company’s lenders had refinanced Rs 5,000 crore given to it under ‘5/25’ scheme last year.
Yendluri said the company is also in discussion with England-based private equity player 3i Group, which had picked up around 10 percent stake in the port for Rs 800 crore in 2009, for finalising its exit.
"Their tenure (for investment) is over and they would like to exit. There are some legal and partnership issues regarding exit which we are trying to resolve," he said.
Source: PTI
Posted On:
23-Mar-2016
Credits:
www.hellenicshippingnews.com
Rolls-Royce Reveals Vision of Shore-based Control Centers for Unmanned Cargo Ships
Rolls-Royce on Tuesday offered another glimpse into the future of unmanned shipping, revealing for the first time its vision for a land-based control center for the operation of autonomous 'drone' cargo ships.
In photos and film released Tuesday, Rolls-Royce offers a vision in which a small crew of 7 to 14 people monitor and control the operation of a fleet of vessels across the world using interactive smart screens, voice recognition systems, holograms and surveillance drones to monitor what is happening both on board and around the ship.
Iiro Lindborg, General Manager, Remote & Autonomous Operations, Ship Intelligence, Rolls-Royce, said: "We're living in an ever-changing world where unmanned and remote-controlled transportation systems will become a common feature of human life. They offer unprecedented flexibility and operational efficiency. Our research aims to understand the human factors involved in monitoring and operating ships remotely. It identifies ways crews ashore can use tools to get a realistic feel for what is happening at sea."
Rolls-Royce says the film, which we have provided at the bottom of the article, marks the final stage of research that will inform the design and construction of a remote operations test center before the end of this decade.
"The autonomous ship does not mean removing human beings entirely from the picture, as is sometimes stated," says Eija Kaasinen, Principal Scientist at VTT Technical Research Centre of Finland, a partner in the research. "Unmanned ships need to be monitored and controlled and this will require entirely new kinds of work roles, tasks, tools and environments. The future shore control centre concept has been designed by emphasizing the user experience of the human operators. By focusing on the operators’ point of view, it is possible to introduce meaningful, pleasurable and engaging new roles for the ships' shore control centre professionals."
The research was undertaken by VTT and University of Tampere research centre TAUCHI in collaboration with Rolls-Royce, with the aim to explore the lessons learned from other industries such as aviation, energy, defence, and space exploration, where remote operation is more widely used.
Rolls-Royce's autonomous, unmanned vision of future shipping, known as the 'oX' operator experience concept, was first introduced by the company 2014. Previous studies have looked at the user experience of future command bridges on Platform Supply Vessels, container ships and tugs.
In April, Rolls-Royce is set to reveal separate research findings, which the company believes will set the direction for the development of remote and autonomous shipping.
Posted On:
23-Mar-2016
Credits:
gcaptain.com
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