Considering the increase in input cost, JSW Steel decided to hike steel prices by about 2 per cent. The company spokesperson is reported to have said that it has not hiked steel prices in the last three months whereas input costs and steel prices in international market have gone up significantly
Author: admin (Infratructure Today)
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Industry divided on prospects for box terminals
Industry watchers are divided on the business prospects of container terminals in Ennore Port. Some argue that there would be enough business for the proposed new container terminal in the port as handling of cargo globally moves towards containers from
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Gujarat ports to gain expertise from global players
Gujarat government seeks to gain technical and management expertise from international port authorities and port operators during the upcoming investment summit, Vibrant Gujarat Global Investors' Summit, 2013. Key international port players like Israel Ports Com
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Kolkata Port mulls royalty on cargo handlers
In a bid to increase its revenue, the Kolkata Port Trust (KoPT) is considering to charge a royalty of Rs 25 per tonne on cargo handlers at the Haldia Dock Complex (HDC). The port set up a committee to decide on the royalty that may be charged from cargo handlers. The committee decided upon a rate of Rs 25 per tonne. This is primarily for s
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Captive berth in Kandla Port to be operated by SRS
Narendra Murkumbi, Managing Director of Shree Renuka Sugars (SRS) informed that the firm, which secured a contract to operate a captive berth in Kandla Port, expects to start operation in a year. On December 27, SRS received the letter of award for operating the berth with a capacity of 1.5 million tonn
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Hapag-Lloyd proposes to raise shipping charges
From February 1, the shipping rates for containers from the Indian subcontinent would be raised by Hapag-Lloyd. The liner considers to raise the rate by $250 per Twenty Foot Equivalent Unit (TEU) for transporting boxes from the Indian subcontinent - India, Pakistan, Bangladesh and S
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Iran to develop Chabahar port for India
Iran reiterated its commitment to develop Chabahar port to bolster its ties with India. Iran plans to expand the port in five phases and to ramp up its capacity to 20 million tonne by 2020. India's interest in the Iranian port is not only to get a direct access to Central Asia but also to facilitate import of mine
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ABG Shipyard faces liquidity stress
The liquidity condition of ABG Shipyard is facing continued stress owing to large work-in-progress inventory relating to oil rigs, India Ratings said. The shipyard is facing delay in executing a novation agreement with a large client and an associate company. Novation is the act of either replacing an obligation to perform with a new obligation, or replacing a party to an a
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GE Shipping to buy energy efficient vessel
Great Eastern Shipping Company (GE Shipping), which has a fleet size of 33 vessels, plans to add fuel efficient tankers with new eco design features that would be compliant with Energy Efficiency Design Index requirements. In this regard, the company, has placed an order for a new Medium Range Product Tanker of about 50,000 dwt with
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Finance panel to study pricing of utilities
Former RBI Governor YV Reddy would head the 14th Finance Commission, which was set up by the government to study the pricing of public utilities, disinvestment, GST compensation, sale of non-priority PSUs and subsidies. The panel would submit its report by October 31, 2014 and its recommendations would apply for the period