The New Mangalore Port Trust (NMPT) is making efforts to woo importers and exporters from the neighbouring regions. For example, recently the port officials held consultations with exporters from Shimoga region in this regard. The officials urged the importers and exporters of Sh
Tag: trade
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Ambiguity in duty hits galvanised steel export
Reports suggest that export of huge amount of galvanised steel is affected because of confusion over export duty on the product and consequently exporters are seeking clarity on the issue. The recent move by Kolkata port to impose 20 percent export duty on galvanised steel created confusion among primary steel manufacturers. Following this, EEPC India, (formerly known as Engin
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Krishnapatnam port handled 13.8 mn t cargo since April
Reports suggest that Krishnapatnam Port, located in Andhra Pradesh has handled 13.8 million tonne (mn t) cargo since April 2012. In 2011-12, the port loaded 15.9 mn t of cargo. The port has the capacity to handle 40-45 mn t of cargo from 11 berths built with an investment of about Rs 4,000 crore. It is one of IndiaĆ¢ā¬ā¢s deepest ports with a draft of 18.5 meter and is capable of accommodating the biggest ships operating today
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Krishnapatnam Port setting up new berth
Krishnapatnam Port is constructing a roll-on roll-off berth in the south terminal in order to handle export of cars manufactured in Chennai and Bangalore regions. Anil Yendluri, Chief Executive Officer, Krishnapatnam Port informed that the port is expected to have the berth ready by the first quarter of 2013-14
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Board clears port project in Ludhiana
At a recent meeting of the Project Approval Board of Punjab government cleared the proposal to set up a dry port near Kila Raipur in Ludhiana.The board, which is headed by Chief Minister Parkash Singh Badal, cleared the project as the proposed port may boost industrialisation, trade and commercial activity in Punjab.
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Container lines plan hike in shipping rates
Media reports suggest that some of the container lines may raise freight rates in the Asia-Europe trade including ports in the Indian sub-continent. WeeklyInsight learns that some shipping firms also unveiled plans to hike rates from the Far East to North Europe from December. They include Hong KongĆ¢ā¬ā¢s Orient Overseas Container Line (OOCL), South KoreaĆ¢ā¬ā¢s leading flag Hanjin Shipping, ChinaĆ¢ā¬ā¢s Cosco and Emirates Shipping of
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Indian firms imported 85.9 mn t oil till Sep
Crude oil imported by Indian refining companies stood at 85.959 million tonne during the April-September 2012. It is learnt that Indian companies are reducing their import from Iran and are instead increasing their dependence on other countries like Iraq, Venezuela, Kuwait for sourcing crude
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Roskill sees ore prices above $120 till 2014
London based metals and minerals research house Roskill Information Services expects prices to remain above $120 per tonne for 63.5 percent Fe content India
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NHAI, UKTI signs agreement
National Highways Authority of India (NHAI) and the United Kingdom Trade and Investment (UKTI) have entered into an agreement on cooperation for trade and investment in the roads and highways sector in India.