Among all major ports in India, Kolkata Port Trust (KoPT) has been adjudged as the 'Container Handling Port of the Year,' at the 5th South East Cargo & Logistics Awards 2013 ceremony. The recognition for KoPT is for its excellence in container handling in 2012-13. The award was received by I Jeyakumar, Deputy Chairman, KoPT in Chennai. After receiving the award, KoPT chairman RPS Kahlon said that the port has been holding third position in respect to container traffic among the 12 major ports in
Tag: India
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Cargo cost set to come down thanks to coastal shipping
With the development of coastal shipping in India, soon a car manufactured at a Sriperumbudur plant near Chennai would be able to reach Mithapur in GujÂarat within five days. While the companies can move 50 truckload of cargo in one ship, the water transportation method would also bring down manufacturing cost of the product, fuel expense and reduce carbon footprint.
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Foreign firms eye refinery, LNG projects in India
According to media reports, British Gas and British Petroleum are interested to set up oil refineries and LNG terminals in India. It may be noted that recently, government allowed 100 per cent FDI in oil refineries throÂugh the automatic rouÂte and this removes the need for a foreign company to tie-up w
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Icra revises down economic growth forecast for FY14
The Indian economy may grow 0.40 percentage points lower at 5.4-5.6 per cent during 2013-14 compared to the earlier forecast, ratings agency Icra said. The agency revised down the economic growth estimate citing weak economic environment and rupee
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Govt ups Abu Dhabi air travel seats to 50,000
The Inter-Ministerial Group (IMG) at the Centre has enhanced the number of seats to 50,000 in flights that airlines from India and Abu Dhabi operate to each otherÂ’s countries. The IMG has taken a decision to this extent. This was done after overruling an inter-Ministerial committee of bureaucrats, which had recommended increasing the seats to 40,000. This is the line that the Ministry of Civil Aviation is taking in a note being prepared for the Union Cabinet.
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2013 IHS Day APAC Summit to be held in New Delhi – Connect Decision Making
IHS(NYSE: IHS), the leading source of information, insight and analytics in critical areas that shape today's business landscape, will be hosting the IHS Day APAC Summit in New Delhi on 25th July at Taj Palace Hotel. Under the theme "Connect Decision-Making with the Source of Critical Information and Insight"
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Essar Ports Ltd – Q1 FY14 Net Profit up 48 per cent to Rs 101.4 cr
Essar Ports Ltd. (Essar Ports), part of the Essar Group, today announced its unaudited results for the quarter ended June 2013. Net Profit for Q1 FY14 increased by 48% to Rs. 101.4 crore from Rs. 68.5 crore in Q1 FY13.
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India imported 78% less ore in June quarter
Unconfirmed reports indicate that India imported 185,113 tonne of iron ore during April-June 3013 and this is 78 per cent lower than 826,372 tonne imported in the year-ago period. By the end of August, the government would officially release data on iron ore import, reports indicate.India was once the third-largest exporter of iron ore in the world, exporting about 98 million tonne, or 47 per cent
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Mizoram govt encourages firms to explore oil
Mizoram government is encouraging oil and gas companies in India to to explore and produce oil in areas which are rich in crude oil deposit in the state. Experts and some oil firms claim that the state is home to a rich deposit of crude oil. According to, Dr Lallenmawia, a geologist from Mizoram, the state falls under category number one or 'proven commercial productivity zone' which roughly estimates there could be ab
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India imports more crude oil from Nigeria
Over the last three months, India has been importing more crude oil from Nigeria than the United States, Indian High Commissioner to Nigeria Mahesh Sachdev informed. During a courtesy visit to the Governor of Niger state in northern Nigeria, he said India will continue to cooperate with Nigeria to improve its economy and it will also assist the country in capacity building of workers in both the publi