Andhra Pradesh government has reportedly rejected the claim made by Krishnapatnam Port that the proposed Ramayapatnam port project cannot be set up at an exclusive zone of 100 km radius. Sunil Sharma, Ports Secretary of Andhra Pradesh is quoted as saying by a leading media that there was no such thing as an exclusive zone of 100 km radius for Krishnapatnam Port. He clarified that the proposal to set up R
Category: Ports & Shipping
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Ministry allows Adani, Essar to bid for terminal project
Weekly Insight learns from top government sources that Adani Ports and Essar Ports received approval from the union home ministry to participate in the 4,000-crore mega container terminal project in Chennai Port.Chennai Port plans to set up a mega container terminal, with a capacity of 4 million TEU (Twenty foot-equivalent units). The proposed terminal has been envisaged as the large
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SCI posts net profit in Sept quarter
Extraordinary realisation helped Shipping Corporation of India (SCI) post a net profit of Rs 297.26 crore in the quarter ending September 30, 2012 against a net loss of Rs 1
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Vizag Port’s proposed berth project may cost Rs 4 bn
According to media reports, the proposed second container berth project at Visakhapatnam port may cost
Rs 3
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Adani Ports to expand AHCT
Adani Ports and SEZ plans to expand the operating envelope at its newly commenced Adani Hazira Container Terminal (AHCT) at Adani Hazira Port (AHPPL) in the
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Essar Shipping swings to profit in Apr-Sep 2012
During Apr-Sep 2012, Essar Shipping posted a net profit of Rs 18 crore compared to a loss of Rs 66.8 crore in the year-ago
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Net profit of GE Shipping triples
During July-Sep 2012 quarter, the consolidated net profit of GE Shipping rose tripled to Rs 81.20 crore
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Pratibha Shipping may seek funds from banks
Media reports suggest that Pratibha Shipping approached a few banks to secure funds for undertaking salvage operations of its small oil tanker and to meet othe
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Essar Shipping Half yearly profit up at Rs.17.91 Crore
Essar Shipping Limited (ESL) announced its financial results for the half year and quarter ended September 30, 2012.
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VPT to shortlist bidders for berth project
Reports suggest that the Visakhapatnam Port Trust would examine the seven bids received for the Rs 300-400 crore second container berth project and would short