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PIL plea dismissed for transfer of US vessel

PIL plea dismissed for transfer of US vessel

A public interest litigation (PIL) seeking transfer of the US ship case from the Tamil Nadu ‘Q’ Branch police to the National Investigation Agency (NIA) or the Central Bureau Investigation (CBI) was dismissed by the Madras High Court Bench in Madurai on December 12.

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Cargo throughput up by 2.59% to 277 mt

Cargo throughput up by 2.59% to 277 mt

In India's major ports the cargo throughput grew 2.59 per cent to 277 million tonne (mt) in first half of the present financial thanks to the growth at Ennore, Paradip and New Mangalore, said the agency Icra on December 11. Coal imports, petroleum oil and lubricants (POL), and fertilisers drove the volume growth, while iron ore and container volume dragged the overall growth, Icra said.

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Apeejay Shipping looks for acquisitions

Apeejay Shipping looks for acquisitions

As ship prices have sunk due to the persisting slowdown in the global freight market, Apeejay Shipping is on an acquisition spree. Shipping companies world over place orders for new and second-hand ships, with asset prices just beginning to claw up from their record lows.

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Vasan launches inland cargo shipping at Kolkatta

Vasan launches inland cargo shipping at Kolkatta

Union Shipping Minister GK Vasan launched the bulk movement of coal through the national waterways recently. The shipment included the 2,100 DWT coal barges of Jindal ITF Ltd on the Ganga-Bhagirathi-Hooghly River System - National Waterways -1.

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Canada’s Caisse De Depot eyes India for investment

Canada’s Caisse De Depot eyes India for investment

For its long-term core infrastructure sector investments, Quebec-based company Caisse De Depot has preferred India over China. With an eye on capturing the growth in Asia-Pacific markets like India, Caisse De Depot et Placement du Quebec announced a nearly billion-dollar investment in the Brisbane port in Australia.

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Govt awards 13 port projects worth Rs 5,515 cr

Govt awards 13 port projects worth Rs 5,515 cr

During April-November period, the Union Shipping Ministry has awarded Rs 5,515 crore worth 80 million tonne projects. The awarded projects are more than 70 per cent of the 114 mt awarded last year at an investment of Rs 5, 515 crore, say media reports.

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Chennai port opens parking yard to ease traffic jams

Chennai port opens parking yard to ease traffic jams

To ease traffic congestion of container-laden vehicles going to the Chennai harbour, the
Chennai Port Trust (ChPT) will operate a parking yard at Tiruvottiyur in north Chennai. First the container trucks will have to visit the yard, get all documents verified and proceed to the port. This procedure will prevent vehicles waiting at Ennore Expressway from holding up traffic.