General information

Name:
Karaikal
Country:
India
UN/Locode:
INPNY
Local time:
Moored Vessels:
1
Expected Vessels:
3
Berths:
3
Coordinates:
N 10° 50' E 079° 52'

Moored Vessels

Name
Type
Moored

Expected Vessels

Name
Type
Expected
Cargo Ship
06.08. 20:30

Sailed Vessels

Name
Type
Sailed

Latest news

Indian Bank takes controlling stake in Karaikal Port

Tue Feb 16 14:36:27 CET 2016 arnekiel

Infrastructure and real estate firm Marg Ltd has lost control of a port it built at Karaikal in Puducherry to state-owned Indian Bank. Indian Bank has become majority owner of Karaikal Port Pvt Ltd, the entity that runs the port located at Karaikal, after invoking the shares pledged with it by the original promoters, Chennai-based Marg Ltd, due to a default in loan repayments. Karaikal Port, one of the 10 new private ports built in India over the last 15 years, started operations in June 2009 on a 30-year contract from Puducherry government from two berths. It added two coal loading berths and another berth to accommodate offshore oil exploration support vessels calling at the port in February 2012. The port loaded 4.89 million tonnes (mt) of cargo in the year ended March 2015, a drop of 21.5% from the 6.23 mt handled the previous financial year. Source: Livemint

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