A dividend of Rs 16.99 crore has been paid by the Cochin Shipyard (CSL) to the Union government on October 23. This is the company's fifth consecutive year paying the dividend. The dividend consists of Rs 1.5 per Equity Share on the 11,32,80,000 fully paid equity shares of Rs 10 each.
Category: Ports & Shipping
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Mechanised coal handling at Marmugao port may take time
The Goa State Pollution Control Board has deferred the Mormugao Port's proposal to establish mechanised coal and coke handling at its berth, stalling the port's plans to revive the ailing business. GSPCB had stopped the operations of handling both the commodities at berth number 10 and 11, after the port town witnessed unprecedented coal dust pollution.
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Karnataka to hire surveyors at Old Mlore Port
As the Karnataka government took a decision to hire services of two captains for minor ports on contract basis at Old Mangalore Port, the agitating users of Old Mangalore Port withdrew their strike on October 22. They were demanding for the services of the captains for survey of vessels.
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Kandla port takes over ABG’s container terminal
A failed container terminal has been taken over by the Kandla port from ABG Infralogistics after depositing a security amount worth Rs 110 crore as lenderÂ’s dues with the registrar of the Ahmedabad high court where the case was decided recently.
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Plea to bring minor ports under TAMP norms
All India Port and Dock WorkersÂ’ Federation has demanded that minor ports be brought under the purview of the Tariff Authority of Major Ports (TAMP). The demand comes in the wake of minor ports handling considerable share of cargo.
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Adani criticises Shipping Ministry over cabotage relaxation to DP World port
Adani Port slams Shipping ministry for allowing cabotage relaxation only to DP world run Vallarpadam Port. The Vallarpadam port had received cabotage relaxation in the year 2012, since then not a single port (including private ports) have not received such facility from the ministry.
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Gujarat Pipavav Port Q3 profit up at Rs 44.1 cr
The Nikhil Gandhi-promoted Gujarat Pipavav Port on October 22 reported an over five-fold growth in post tax profit at Rs 44.1 crore for the third quarter ended September 30. The company had recorded a net profit of Rs 8.2 crore in the corresponding July-September period last year.
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Mlore port users’ plea for fitness certificates
Demanding the Mangalore port authorities to streamline the annual checking of deep sea fishing trawlers, the Old Port Users Union staged a protest at the dock in the city on October 22. The protestors urged appointment of new incumbent officer at the port immediately.
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Workers’ stir hits Nhava Sheva port operations
Due to wage disagreements between workers and the management at Nhava Sheva International Container Terminal (NSICT) shipping operations at Nhava Sheva port near Mumbai were badly hit on October 22. This comes at a time when the government is trying to push exports to address the problem of an expanding current account deficit.
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Work on INS Vikrant 2nd phase to get under way in Kochi
For the second phase construction work on INS Vikrant ship carrier it has now been taken to the repair dock of the Cochin Ship Yard. For the first phase of the carrier construction the Cabinet Committee on Security (CCS) has sanctioned Rs 3,261 crore.