So far in 2012-13, Kandla Port Trust handled 56.29 million tonne (mn t) of import cargo compared with 60.1 mn t in the year-ago period. The port handled total exports of 26.41 mn t so far in 2012-13 compared to 22.09 mn t in the year-ago period. The volume of transshipment cargo was 1.69 lakh tonne, which is, lower than 3.09 lakh tonne in the comparable period of
Author: admin (Infratructure Today)
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Major ports suffer Rs 1 bn loss due to strike
Major ports in the country have reportedly lost Rs 100 crore owing to the two-day nationwide strike by labour unions recently. The port workers participated in the strike called by various central trade unions to protest the Ćāanti-peopleĆā policies of the government. Transport & Dock Workers Union, Mumbai informed that
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LCL strengthens presence in India
Jaison George, Director of Logistics at LCL Logistix remarked that the new Haldia container freight station (CFS) is the next milestone of the company's journey into total logistics and supply chain management solutions. LCL Logistix, which is the Indian member of the FPS network of independent forwarders and NVOCCs, is aggressively strengthening its presence in the value chai
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Shipping firms welcome budget 2013-14
Domestic shipping companies expressed satisfaction with the Union Budget 2013-14 as it announced some tax sops for shipbuilders and import of ships. The budget removed the countervailing duty (CVD) on imported ships since most Indian shipping companies get their vessels manufactured outside the country. Further, the budget also removed the excise duty on the
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Aviation sector not satisfied with budget 2013-14
CII's National Committee on Civil Aviation expressed dissatisfaction over the Union Budget 2013-14 as it feels that the budget has not done enough to boost the aviation sector. Even as it welcomed the the concessions granted to the MRO (Maintenance, Repair and Overhaul) sector, it noted that MRO industry is "small right now taking the aircraft population into account
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Tata Steel MD welcomes budget 2013-14
HM Nerurkar, Managing Director of Tata Steel opined that the Union Budget 2013-14 made an attempt to achieve inclusive growth and a sustainable economy given the global economic scenario. Nerurkar welcomed the thrust given to the infrastructure industry through investment allowance of 15 per cent and various steps for mobilising funds for the gro
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Revenue share contracts may raise risk for explorers
Deepak Mahurkar, leader, oil and gas, PricewaterhouseCoopers opined that a move towards revenue-sharing mechanism in exploration contracts exposes investors to more risks of investments, and that may dissuade large oil companies from India. It may be noted that the union Finance Minister P Chidambaram announced in his budget speech that a new
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Regulation and technology will be the key
Once free of TAMP, we are going to see how far that can change the operating practices to make the ports more efficient, says Saibal K De, Director & CEO, IF&FS Maritime Infrastructure Company,
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Regulation and technology will be the key
Once free of TAMP, we are going to see how far that can change the operating practices to make the ports more efficient, says Saibal K De, Director & CEO, IF&FS Maritime Infrastructure Company,
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Green ports: A long way off
Sustainable development of ports paradigm is gaining momentum, albeit slowly among Indian ports. But to speed up the movement, a holistic approach with suitable legislation, more driving forces, incentives and involvement of all stakeholders are essential