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Enayam Port

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Tamil Research Institute<br />

RAPID TECHNO-ECONOMIC FEASIBILITY REPORT FOR<br />

DEVELOPMENT OF COLACHEL PORT AT TAMILNADU<br />

FINAL REPORT<br />

4. - 7. Ship related services<br />

Four key ship related services were shortlisted for study – ship financing, marine insurance, ship broking and ship<br />

chartering. All the services are dominated by global players in form of major banks, insurers, shipbrokers.<br />

Moreover, these services are usually run out of major financial hubs and large metropolitan cities. Hence,<br />

feasibility of developing these service industries near Colachel is limited.<br />

4 5 Marine 6 7<br />

Ship Finance Insurance Shipbroking<br />

Ship Chartering<br />

Banks<br />

Life and general<br />

insurance<br />

companies<br />

Shipbroking<br />

agencies<br />

Ship owners<br />

Industry<br />

Players<br />

ECAs<br />

Independent<br />

charterers/brokers<br />

Hubs for<br />

shipping<br />

services<br />

• Major financial hubs like London,<br />

Beijng are preferred locations; NOT<br />

necessary to be located not near<br />

ports<br />

• Cities with large ports (e.g.<br />

Singapore, Hong Kong, Mumbai are<br />

preferred locations)<br />

• Not common to have industry in<br />

remote locations<br />

Figure 89: Ship related services – major players and locations<br />

8. Power plant<br />

Power plant would be feasible based on power supply demand gap in Tamil Nadu in FY 22. The section on<br />

bulk cargo discusses possibility of power plant in details.<br />

9. Cruise shipping<br />

All cruise shipping centres in India and globally are either home ports or ports-of-call. <strong>Enayam</strong>/ Colachel has<br />

been evaluated for both home port and port-of-call. <strong>Enayam</strong> lacks both cruise destinations and major cities in the<br />

vicinity of the port, making it difficult for <strong>Enayam</strong> to attract cruise shipping industry.<br />

96<br />

www.tamilri.com

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