Expecting momentum in global seaborne dry bulk trade, Apeejay Shipping has just bought ships hauling coal, iron ore and grains. It is also looking to foray into tanker, dredging or the OSV segment as business propositions in these segments improves.
Category: Ports & Shipping
Post
Post
Afghanistan ready for pact on Chabahar port
Afghanistan has stated that it is keen to ink a trilateral agreement with India and Iran on the Chabahar port. Afghanistan on November 16 stressed that its ties with India are steady.
Post
Two terminals added to Kandla port to up capacity
The Union Minister of Shipping GK Vasan dedicated two terminals of the Kandla Port to the nation on November 16. Speaking on the occasion at a function in Bangalore, he said that this port, since its inception and especially in the last decade, has grown from strength to strength fuelling growth of Kutch, Gujarat and India.
Post
Ore quantity of e-auctioning is very megre for port
The Mormugao Port Trust in Goa could see an increase in its cargo as the Supreme Court allowing the e-auction of about 11 million tonne (mt) of iron ore mined in the state. However, this is just a fourth of about 40 mt of iron-ore cargo the port handled in its heydays.
Post
Paradip Port surpasses Visakhapatnam in cargo handling
In cargo handling, Odisha's Paradip Port has gained a lead over Visakhapatnam Port Trust (VPT), Which had a record of handling the largest volume of cargo in the East Coast. Paradip Port has handled an additional five million tonne of cargo in this current year.
Post
Varun Shipping reports Rs 54.94 cr net loss
Media reports say that Varun Shipping Company reported a net Loss of Rs 54.94 crore in the quarter ended September 2013 as against net loss of Rs 116.03 crore during the previous quarter ended September 2012. Sales declined by 58.48 per cent to Rs 35.63 crore in the quarter ended September 2013 as against Rs 85.82 crore during the previous quarter ended September 2012.
Post
Panel for strengthening security at Alang ship-breaking yard
An inter-ministerial panel has recommended of communication sets of vessels being scrapped at Asia's largest ship breaking yard at Alang in Gujarat need to be destroyed so as to prevent their misuse.
Post
Loans of RBS shipping under review
Agency reports say that Royal Bank of Scotland is reviewing its shipping loan business and billions of dollars from the portfolio are expected to be placed in the part-nationalised groupÂ’s new internal 'bad bank.'
Post
Govt to up ports’ capacity to 3,200 mtpa
Union Shipping Minister GK Vasan on November 16 said that the Ministry targets to boost the capacity of Indian ports to 3,200 million tonne (mt) by 2020. The capacity of Indian ports, including major and non major ports, has now crossed 1,300 million tonne per annum (mtpa).
Post
Govt not in favour of maritime university for Kerala
It is said that the Union Shipping Ministry is not in favour of allowing another maritime university in Kerala. With this, KeralaÂ’s hopes to have a maritime university in the State may not materialise soon. Why because, the first one in Tamil Nadu is yet to get over its teething troubles.