Government-owned Shipping Corporation of India (SCI) on November 20 announced a freight rate hike of up to $500 for 40-feet containers on the India-Europe sector. SCI is facing pressures on account of fuel price hike, the rupee movement and reduction in traffic due to which it is proposing the hikes to make operations feasible, said SCI.
Category: Ports & Shipping
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Kerala takes measures for maritime safety
Kerala government is taking all measures for ensuring maritime safety, said the State Minister for Ports K Babu. He was speaking at the 15th meeting of the Maritime State Development Council held in Bangalore recently.
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Shipping firms show interest in Kollam Port
Kollam Port is expecting more business opportunities as more and more major shipping companies are showing interest in the recently opened port. It is said that the companies will choose the port as an intermediate base. At present, about four companies have assured their frequent presence at the port.
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Kerala spots 8 areas for port development
The Kerala government has identified eight areas for the development of ports in the state and sought urgent aid from the Union government for the ports development. The State Fisheries and Ports Minister K Babu highlighted the issues at the 15th meeting of Maritime State Development Council (MSDC) in Bangalore recently.
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11 firms keen to bid for box handling at Kolkata port
To handle containerised cargo at the Netaji Subhas Dock (NSD) of Kolkata port, eleven companies have shown initial interest to participate in a tender. The 11 firms have participated in a pre-bid techno-commercial conference.
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Paradip Port observes Port Day
The Paradip Port Trust (PPT) observed the Port Day on November 17. The Port Chairman SS Mishra participated as the chief guest, unfurled the Paradip Port flag and handed over the sacred Kalas to the Sadhavas who set sail on board a traditionally decorated boat.
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Govt urged to declare coastal shipping policy
The Union government has been urged to increase shipping around coastal area and enable hassle-free multi-modal transport. The requisition has been made by industry body Associated Chambers of Commerce and Industry of India (Assocham) and Yes Bank.
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AP cancels Rs 16,000 cr port, corridor project
The Rs 16,000 crore port-cum-industrial corridor deal has been cancelled by the Andhra Pradesh government. The State government had signed the deal with Ras Al Khaimah Investment Authority and Matrix Enport Holdings in 2008 for building a port-cum-industrial corridor.
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Kochi port to gain from FCI cargo
The Food Corporation of India (FCI) is to opt the Kochi port for its foodgrain movement of both bulk and break bulk cargo movement. With this, Kochi port is to gain a lot. FCI recently floated a tender for multi-modal contract for transport of rice from designated depots of Kakinada to Kerala through coastal movement.
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MSTC’s ship recycling yard to come up at Alang
The Union Steel Ministry controlled MSTC has proposed to set up an integrated ship recycling yard under the public- private partnership (PPP) at Alang in Gujarat. MSTC said that the project can bring in substantial revenue for the government in the form of taxes and levies on the real value of goods as recorded in the e-commerce transactions.