For the management's move to introduce austerity measures in Chennai Port to curtail the huge loss, likely to be reported this year, the port trustees have said a big 'no.' The trustees, at a special board meeting on October 28, felt the measures were mainly targeted at workers at the Ăâlower level.Ăâ
Category: Ports & Shipping
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Pipavav Port gets Rs 38 mn dividend from PPP project
Gujarat Pipavav Port (APM Terminals Pipavav), has got an interim dividend of Rs 38 million (5 per cent) from Pipavav Railway Corporation (PRCL) on October 23 at Mumbai. The dividend is a historic first for Indian Railway's flagship infrastructure company under Public Private Partnership (PPP).
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JICA comes forward to aid Chennai port
For improving container movement at Chennai Port Trust (CPT), the Japan International Cooperation Agency (JICA) has offered its assistance to the CPT. The move would help the export-import trade plan better and save on time and cost.
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Gujarat Pipavav Port receives interim dividend of Rs 38 million from Pipavav Railway Corporation Ltd
APM Terminals operated Gujarat Pipavav Port (APM Terminals Pipavav), one of Western India's fastest growing gateway ports, received an interim dividend of Rs. 38 million (5%) from Pipavav Railway Corporation Ltd.
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No need of origin certificate to value added goods
The Union Commerce Ministry has decided that exporters who import goods and ship them to Iran after value-addition will not be required to produce 'goods of Indian origin' certificate for making rupee payments. The government has directed UCO Bank, entrusted with handling rupee payment to Indian exporters to Iran, not to insist on the 'Goods of Indian Origin' certificate.
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GAIL to set up Rs 3,108 cr LNG terminal at Paradip port
For setting up an offshore LNG (liquefied natural gas) terminal at Paradip Port in Odisha coast, India's largest State-owned natural gas distributor GAIL (India) has entered into a memorandum of understanding with Paradip Port Trust (PPT) at a cost of Rs 3,108 crore.
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Ennore Port to build one more coal berth at Rs 270 cr
By deciding to construct an additional coal berth at a cost of Rs 270 crore, the Ennore Port (EPL) has decided to take on the competition from the Krishnapatnam and Karaikal ports on the eastern coast of India. To handle about 12 million tonne per annum (mtpa) EPL has two coal berths.
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Centre gets petitions over Vizhinjam port project
Over the multi-crore proposal Vizhinjam international seaport project in Kerala, a battle of petitions is going on right before the Unin Ministry of Environment and Forests (MoEF) expert panel. While some petitions are advocating for the project, some are pleading against the same project.
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Now speedy clearance of exports in Kohi port
An export processing centre and Gate Module have been launched by the Customs Department at ICTT Vallarpadam for speedy export clearance. The ĂâCustoms Export Processing CentreĂâ (CEPC) and Gate Module of the Indian Customs EDI System (ICES) were inaugurated by JM Shanthi Sundharam, Member, Central Board of Excise and Customs (CBEC), at a function in Kochi.
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Kandla Port Trust takes over ABG’s KCTPL
Kandla Port Trust (KPT) has secured the Kandla Container Terminal's (KCTPL) Rs 110 crore debt lent by Axis Bank and UCO Bank. The takeover has been done in the proceedings before the Gujarat High Court. Kandla Container Terminal is a subsidiary of ABG Infralogistics.