Anamika Mishra
[Sub Editor]
Energy firm Hazoor Multi Projects Limited (HMPL) announced on Thursday that its subsidiary, Square Port Shipyard, has entered into a strategic partnership with Netherlands-based Damen Technical Cooperation BV to develop its shipyard and construct vessels for both domestic and international markets.
Damen Technical Cooperation BV, part of the renowned Damen Shipyards Group NV, brings extensive expertise in ship design, construction, maintenance, component manufacturing, and vessel conversion. The collaboration aims to leverage this global experience to strengthen India’s shipbuilding capabilities.
A Memorandum of Understanding (MoU) has been signed between Square Port Shipyard and Damen to jointly work on upgrading the Dabhol-based facility in Maharashtra’s Ratnagiri district and initiate shipbuilding projects tailored for diverse market needs.
The partnership marks a significant step toward enhancing India’s maritime infrastructure and positioning the country as a competitive player in the global shipbuilding industry.
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Anamika Mishra
[Sub Editor]
The Government of Andhra Pradesh has approved the allocation of a captive port to ArcelorMittal Nippon Steel India Ltd. (AMNS) at D.L. Puram in Anakapalli district. The designated site includes a 2.90-km waterfront, located beyond the three-nautical-mile buffer zone defined under the Naval Alternative Operations Base (Rambilli port) guidelines. The allocation is conditional upon AMNS obtaining clearances from the Ministries of Defence, Home Affairs, Shipping, and other statutory authorities.
As per the government order issued by N. Yuvaraj, Secretary of Industries & Commerce (Ports), AMNS had proposed a port-based integrated steel plant at Rajayyapeta in the district. The plant will be developed in phases, starting with a capacity of 7.30 million tonnes per annum (MTPA), followed by an expansion to 10.5 MTPA, with plans to eventually scale up to 20–24 MTPA, based on the availability of necessary infrastructure including land, water, electricity, roads, and port access.
AMNS emphasized the strategic need for a captive port to counter fluctuating domestic and global raw material prices and to ensure economies of scale in logistics. The state government has extended incentives and facilitation support for the project, contingent on AMNS adhering to agreed timelines, investment, and employment commitments outlined in the detailed project report.
Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.
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Journal of Supply Chain is a Hansi Bakis Media brand.
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