To reverse its two straight full-year losses and retain its coveted navratna tag, government-owned Shipping Corporation of India (SCI) has put up one of its four oil supertankers for sale.
Author: admin (Infratructure Today)
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Iran may offer free shipping to India on oil
In its ships at Indian ports, Iran has offered Indian government-owned refineries nominal discounts in price as well as free deliver of oil. While free shipping alone could save Indian refiners about $1 per barrel in transportation cost, the discount in price would boost margins on processing Iranian oil.
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India, Japan to up cooperation in maritime sector
India and Japn have agreed to enhance their interaction through the existing forums and through port-to-port exchanges. These issues came up for a discussion between Union Minister of Shipping GK Vasan, who is on an official visit to Japan and his Japanese counterpart Akihiro Ohta, Minister of land, Industries and Transport and Tourism, Government of Japan.
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Adampur in Punjab to have new domestic airport
In Punjab's Adampur, a new domestic airport would be established to facilitate the Doaba region, especially NRIs. This was announced by the State Deputy Chief Minister Sukhbir Singh Badal on November 8 after laying foundation stones of various development works in Jalandhar worth Rs 50 crore.
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AP begins process to expand Rajahmundry Airport
To facilitate landing of big aircraft and night landing facility at Rajahmundry, the Andhra Pradesh government is taking initiative to acquire land of 857 acres. Now, the State revenue authorities are expediting the process to carry out the survey at Madhurapudi and Burugupudi villages of Korukonda mandal in East Godavari.
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Centre proposes big projects for Seemandhra
The Centre, in an effort to assuage the Seemandhra people, following its decision to bifurcate Andhra Pradesh to create Telangana, is pushing for big-ticket projects and other sops keeping in view that Vijayawada may be proposed as the capital of the Seemandhra region.
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Karnataka asks banks to set up ATMs in all GPs
Regretting the delay in wage payments by banks to the beneficiaries under the Mahatma Gandhi National Rural Employment Guarantee Act, the Karnataka government has asked all nationalised banks in the state to set up automated teller machines (ATMs) in all gram panchayats (GPs).
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Power Finance Corp posts Rs 1,274 cr profit
The Power Finance Corporation (PFC) has stated in a regulatory filing that it has posted 23 per cent jump in net profit at Rs 1,273.79 crore for the three months ended September. PFC, a government-owned company and a key lender for the power sector, had a net profit of Rs 1,036.49 crore in the year-ago period.
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Chennai port to build a multi-purpose terminal
The Chennai Port Trust (ChPT) has now decided to go in for a multi-purpose terminal to handle different types of commodities. It has dropped its plan of developing mega container terminal following its two failed attempts.
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Chennai port to build a multi-purpose terminal
The Chennai Port Trust (ChPT) has now decided to go in for a multi-purpose terminal to handle different types of commodities. It has dropped its plan of developing mega container terminal following its two failed attempts.