During January 2013, India's exports expanded marginally by 0.8 percent to $25.6, ending eight straight months of decline. During the same month, imports grew 6.1 percent to $45.6 billion, data from the union commerce ministry shows. It is learnt that that marginal rise in exports is in line with the trend of the pace of contraction slowing down ove
Category: Ports & Shipping
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Traders oppose surcharge on containers
Traders oppose the surcharge imposed by feeder operators at Kochi port saying that they were unable to accept such levy for both export and import containers in view of the short notice. Feeder operators imposed surcharge of $100 for a TEU on two subsequent sailings in order to recover the loss suffered by their feedering between Kochi and Colombo on ballast (without any cargo on board). They have to sail to Colombo empty because the strike by trailer crew in Kochi Port paralysed movement of c
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Traders oppose surcharge on containers
Traders oppose the surcharge imposed by feeder operators at Kochi port saying that they were unable to accept such levy for both export and import containers in view of the short notice. Feeder operators imposed surcharge of $100 for a TEU on two subsequent sailings in order to recover the loss suffered by their feedering between Kochi and Colombo on ballast (without any cargo on board). They have to sail to Colombo empty because the strike by trailer crew in Kochi Port paralysed movement of c
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Ennore Port mulls Rs 10 bn worth bond issue
According to a draft prospectus filed by Ennore Port with market regulator Sebi, the port plans to raise upto Rs 5,000 million through issue of tax-free bonds with an option to retain over subscription upto Rs 5,000 million aggregating to Rs 10,000 million. The port, which is the only one among the 13 major ports controlled by the central government that is run as a com
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Ennore Port mulls Rs 10 bn worth bond issue
According to a draft prospectus filed by Ennore Port with market regulator Sebi, the port plans to raise upto Rs 5,000 million through issue of tax-free bonds with an option to retain over subscription upto Rs 5,000 million aggregating to Rs 10,000 million. The port, which is the only one among the 13 major ports controlled by the central government that is run as a com
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Cargo handling at Mundra rises over 20%
The cargo handling at Mundra Port is rising over 20 percent per annum and the port is set to exceed the cargo volume of Kandla Port, reports suggest. Mundra Port, which first began operations as a captive jetty in the Gulf of Kutch in 1994, handled 59 million tonne per annum (mn tpa) of cargo during Apr-Dec
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Cargo handling at Mundra rises over 20%
The cargo handling at Mundra Port is rising over 20 percent per annum and the port is set to exceed the cargo volume of Kandla Port, reports suggest. Mundra Port, which first began operations as a captive jetty in the Gulf of Kutch in 1994, handled 59 million tonne per annum (mn tpa) of cargo during Apr-Dec
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Tuticorin port setting up 4 berths
In order to handle more quantity of cargoes like coal, copper concentrates, rock phosphate, the VO Chidambaranar Port at Tuticorin decided to set up four cargo berths. S Natarajan, Chairman of the port said construction of the north cargo berth (NCB)-II is in progress and it would be c
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Tuticorin port setting up 4 berths
In order to handle more quantity of cargoes like coal, copper concentrates, rock phosphate, the VO Chidambaranar Port at Tuticorin decided to set up four cargo berths. S Natarajan, Chairman of the port said construction of the north cargo berth (NCB)-II is in progress and it would be c
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Railways hopes to attain investment target in port connectivity projects
Media reports suggest that the Indian Railways is confident of attracting the targeted investment in port connectivity projects during the next five years. The railways set a target of around Rs 5,000 crore investment in port connectivity over the next five years. To begin with, they expect investment worth Rs 3,800 crore