Gujarat Pipavav Port Ltd (APM Terminals Pipavav), operating one of western India´s fastest growing gateway ports, has reported a 16 per cent jump in net profit for the fourth quarter ended 31st December 2014,
Category: Ports & Shipping
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Pushing for growth
The potential is enormous when you look from a macro perspective. In India only about 20 per cent of organisations look at warehousing services from a supply chain point of view, whereas globally the average is over 60 per cent.
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Govt may slash MAT on SEZs
In what could be a major boost to India´s Special Economic Zones (SEZs), the government is set to reduce the Minimum Alternate Tax (MAT) on Special Economic Zones (SEZ) from 18.5 per cent to 7.5 per cent.
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Container handling charges hike gets flak
Various industry chambers and exporter associations have urged Dubai Port World, which is managing the Vallarpadam International Tran shipment Container terminal in Kerala, not to go ahead with the proposed increase in handling charges from January 1, saying such a move would hit port users in the State.
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Kolkata Port needs to review tariff policy
The Kolkata Port, which is grappling with old infrastructure and suffering from the lowest draft, need to review the existing tariff policy, a study has said.
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FinMin rejects Cochin Port demand for interest waiver
The Finance Ministry and the Planning Commission have rejected the Union Shipping Ministry´s proposal to waive Rs 715 crore of penal interest due from Cochin Port Trust (CPT) on a Rs 258-crore loan.Of the total penal amount of Rs 729 crore, the government could have forgone Rs 715 crore.
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Gadkari assures funding for Sagar island port project
West Bengal Chief Minister Mamata Banerjee has met Union Minister for Shipping, Road Transport and Highways, Nitin Gadkari, who has assured Central funding for the proposed deep sea port near Sagar island in the State.
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AP to scrap sops to private port developers
The Andhra Pradesh government would revoke orders issued by the previous Congress administration extending certain concessions to private port developers
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Port plan to end Haldia imbroglio
Kolkata Port Trust (KoPT) has proposed to split the scope of work at berths 2 and 8 at Haldia to facilitate the exit of Haldia Bulk Terminal (HBT).
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Gopalpur port may resume operations from July 2015
Gopalpur port´s road to revival has been delayed further. The port that expected to restart operations by January 2015, is now looking at a revised timeline of July 2015