Due to coastal shipping becoming economically viable after demonetisation, automajor Hyundai has decided to increase its monthly shipment through this mode. The Korean major has also said that demonetisation has led to ´less supply of trucks´ and coastal shipping is a ´blessing in disguise´ to meet the orders.
Category: Ports & Shipping
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India Approves New Shipping Act
The Merchant Shipping Bill 2016 has been approved by the Indian Cabinet following much deliberation.
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Shipping Ministry draws up master plan for Major Ports
To more than double IndiaÂ’s port cargo traffic under the Sagarmala programme by 2025, the Ministry of Shipping has prepared a detailed master plan for Major Ports.
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Sagarmala to save up to Rs.40,000 cr/year in costs
The government´s ambitious push to port-led development under the Sagarmala project will help in saving as much as Rs.40,000 crore annually in logistics costs by 2025.
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Cargo traffic at Major Ports boosted by reforms, grows by 5.2%
Major Ports in India handled 315.4 MT of cargo during the first six months of FY2016-17 (April-September) and showed a positive growth of 5.1 per cent
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Gadkari: Inland waterways a game changer in connectivity
While addressing the Regional Editors Conference in Chandigarh, the Minister for Road Transport Highways & Shipping, Nitin Gadkari, gave an overview of his ministry´s achievements as well as plans for future growth.
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Mumbai Port plans Rs.225-cr cruise terminal
Mumbai Port will be investing Rs.225 crore to build a modern passenger terminal that can cater to cruise ships.
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Cabinet clears rewards for port staff
The Cabinet has approved a new productivity-linked reward scheme for port and dock employees for the period 2015-16 to 2017-18
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Adani Ports´ standalone net profit dips by 13.48%
Adani Ports and Special Economic Zone (APSEZ) reported a 13.48 per cent drop in standalone net profit for the quarter ended September 30, 2016.
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Cargo traffic at Major Ports grows by 5.2percent
Major Ports in India handled 315.4 MT of cargo during the first six months of FY2016-17 (April-September) and showed a positive growth of 5.1 per cent as compared to the same period last year. The cargo traffic handled by the Major Ports during the same period last year was 299.5 MT. This improvement of performance is the result of many measures initiated by the Ministry of Shipping to improve the performance of the ports.