The Ministry of Corporate Affairs vide notification dated 05.02.2015 has exempted the Vessel Sharing Agreements of Liner Shipping Industry from the provision of Section 3 of the Competition Act, 2002 for a period of one year from the date of publication of notification in the official gazette, in public interest.
Category: Ports & Shipping
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GovtĂ´s steps to boost shipping industry
In order to boost the shipping sector, the Union Government has taken several initiatives, such as facilitating the development of new ports
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GovtĂ´s incentives for coastal shipping
Shipping Ministry released detailed guidelines for implementing a financial scheme to incentivise shifting some portion of the cargo now carried by rail
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Rise in Kolkata port traffic
The Kolkata Port Trust has reported an over 12 per cent growth in traffic to approximately 46.3 million tonne (mt) for FY15
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Cochin Shipyard to get more defence orders
The Union Defence Ministry has agreed to place orders with Cochin Shipyard Ltd to build defence ships in the next five years, according to Nitin Gadkari
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Boost in Mormugoa Port output
Despite being hit by a ban on iron ore mining, the Mormugoa Port Trust reported a 25 per cent increase in cargo throughput in 2014-15 at 14.71 million tonne
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Kamarajar Port posts Rs.421 cr profit
Ennore-based Kamarajar Port Ltd posted a 5 per cent growth in pre-tax profit to Rs 421.47 crore in 2014-15 as against Rs 400.19 crore
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Capt. Anoop Sharma to take over as Whole Time Director & CEO of Essar Shipping Limited
Mumbai, April 02, 2015: Capt. Anoop Kumar Sharma takes over as the Whole Time Director & CEO of Essar Shipping Limited from Mr Ramakrishnan A R, Managing Director, Essar Shipping Limited subsequent to his retirement on 31st March 2015.
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Shipbuilding sector wants infra status
The Government has received several critical suggestions from different stakeholders to promote the local shipbuilding industry, which includes grant of infrastructure status, financial assistance and tax sops, Parliament was informed.
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SCI to buy LPG vessels
The Shipping Corporation of India (SCI), which is returning to profits after three consecutive years of losses, is reviving its ship acquisition plans, though in a small way.