According to a Pakistani media report, the national government plans to launch ferry services between Karachi and Gujarat or Mumbai. Further, the government plans to launch such a service between Karachi and Dubai. Pakistani Ports & Shipping Minister Senator Kamran Michael is quoted as saying in the media. Pakistani government set up a high-level committee to examine the feasibility of such services and the panel may
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Kerala govt plays down warning on disruption in services
The Port Department of Kerala government denied there would be any disruption in ferry services as boats and other ships were in the process of renewing their annual licences. Sources from the department informed that the boats and ships using the port waters may renew their licences annually and the process was
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NMPT may not lose cargo to airport
New Mangalore Port Trust (NMPT) does not find any threat to its business from the cargo business of Mangalore International Airport. The airport may handle high value, small size and perishable goods such as marine products, vegetables and flowers. The port, on the other hand, handles bulk carg
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GAIL mulls foray into shipping sector
State-run Maharatna firm GAIL India plans to foray into shipping business in order to ferry the natural gas that it would source from different countries. The company is yet to decide whether to have its own ships or charter ships. But, it intends to have six to seven ships
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Net profit of Essar Shipping declines
Net profit of Essar Shipping declined to Rs 17.85 crore during Oct-Dec 2012 from Rs 48.65 crore in the corresponding period of last year because of higher costs and low crude freight rates in crude oil transportation. The firm reported revenue of Rs 792.66 crore, EBIT0