Shipping firm Asia Med Europe (AME) made International Container Transshipment Terminal (ICTT) on Cochin Port an additional port of call. The service will attach the terminal to Alexandria/Ashdod/Haifa/Mersin. AME would launch the maiden voyage of the weekly service on March 26. The port rotation is as follows:Cochin (ICT
Category: Ports & Shipping
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CLSA Mauritius offloads partial holding in Essar firms
Through open market transactions on the stock exchanges, CLSA Mauritius sold 33.54 lakh shares (amounting to 0.78 per cent) of Essar Ports for an average price of Rs 83.84 apiece valuing the deal at Rs 28.12 crore. In another transaction, the foreign fund house offloaded its entire stake of 1.28 per cent or 26.27 lakh scrips of Essar Shipping to Leman Diversified Fund. The shar
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Shipping firms agree to launch service from Abu Dhabi
A consortium of shipping firms -Orient Express Line (OEL), Simatech and X-Press Feeders - arrived at an agreement with Abu Dhabi Terminals (ADT) to launch service between Khalifa Port Container Terminal (KPCT) and India. It may be noted that ADT is the manager and operator of Abu DhabiÂ’s four main commercial ports. The proposed direct service would link trade between Abu Dhab
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SC hears case on APSEZ
The Supreme Court is hearing a case on halting the operation of 12 companies at Adani Ports and Special Economic Zone (APSEZ) in Mundra, Gujarat. Some of the companies appealed the Gujarat High Court decision to halt their operation in the APSEZ on grounds that they have not secured environmental clear
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KoPT may shortlist bidders on March 15
Kolkata Port Trust (KoPT) is likely to shortlist the interested bidders for the Rs 1,500-crore, 1.2 million Twenty Foot Equivalent Unit (TEU) container terminal project at Diamond Harbour on March 15. It may be recalled that the port earlier extended the pre-bid application deadline to February 28 owing to lack of response from private players
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MPT woos traders from north Karnataka
Mormugao Port Trust (MPT), which is in taking efforts to diversify its cargo handling away from coal, asked traders from north Karnataka to make use of the port. In order to woo traders, the port in association with Karnataka Chamber of Commerce and Industry (KCCI), Hubli
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Cargo handling at non-major ports grows
Cargo handling at non-major ports grew 10.3 per cent to 185.21 million tonne (mn t) during Apr-Sep 2012-13 from 168 mn t in the corresponding period of 2011-12. However, cargo handling at major ports declined 3.3 per cent during the first half of 2012-13 from the year-ago period
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Kandla port handles 56 mn t import cargo
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
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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 “anti-people” policies of the government. Transport & Dock Workers Union, Mumbai informed that
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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