Commerce and Industry Minister Anand Sharma welcomed French government and companies to invest in infrastructure, transport, high technology, energy and other sectors in India. He discussed mutual cooperation in the field of economy and business during his meeting with French Minister for Foreign Trade Nicole Bricq in Paris. Sharma also requested the French Minister to enco
Tag: transport.
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ICTT receives Maersk main line vessel
The first direct Maersk main line service which has called at International Container Transshipment Terminal (ICTT) recently. ICTT received the mainline cargo vessel MV Newyorker with 1,185 twenty foot equivalent units (TEUs) of cashew from West Africa. The vessel, operated by the global shipping major Maersk Line, also has transshipment containers for Tutic
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Pakistan mulls ferry services from Karachi to India
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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Board may probe unloading of coal at Karwar port
Media reports indicate that the Karnataka Pollution Control Board would study the recent unloading of coal cargo at Karwar port. It is learnt that the port is prohibited from unloading coal as it would pollute sea water and endanger the fishes. The port recently received a consignment of coal cargo and this is said to be first ever import of coal in Karwar port in the past 20 years. TAN BINH 39, a ship with
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Krishnapatnam port handles more granite cargo
Krishnapatnam Port Container Terminal handled 2.6 lakh tonne of granite blocks for export during April-June 2013 compared to 2.25 lakh tonne in the year-ago period. During the same period, volume of granite blocks (for export) handled by the Chennai Port Trust (ChPT) declined to 1.50 lakh tonne against 1.92 lakh tonne in the year-ago period. Tuticorin Port also witnessed declin
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Price of GAIL’s gas import to depend on Henry Hub
The price of the shale gas that would be imported by state-run gas transportation firm GAIL India from the US starting 2016-17 would depend on Henry Hub prices to which shale gas price is linked. This price may most probably be around $10-11/mmBtu, media reports indicate. It may be recalled that GAIL India entered into an agreement with Cheniere Energy Partners to import 3.5 million tonne per annum (mn tpa) of LNG from the US s
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BDI rises due to demand for ore from China
Media reports indicate that the increase in demand for iron ore from China, the largest producer of steel, raised the Baltic Dry Index (BDI). The index tracks freight charges or the cost of moving the major raw materials by sea and it is published daily by the London-based Baltic Exchange
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Several infra projects in Mumbai face delay
Several infrastructure projects in Mumbai are delayed because of various reasons including the lack of co-ordination between Maharashtra State Road Development Corporation (MSRDC) Mumbai Metropolitan Region Development Authority (MMRDA). Therefore, some experts argue that these infrastructure projects must be implemented by only one
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MMRDA to set up metro car depot in eco-friendly way
Mumbai Metropolitan Regional Development Authority (MMRDA) would set up the car depot for the proposed 33.5 km Colaba-Bandra-Seepz metro corridor in an environment friendly manner, UPS Madan, Commissioner of the authority said. The authority would prepare a plan for the construction of the metro depot to ensure that it does not have a negative impact on the environment. The depot would be built on a 30 hectare land in Aarey Colo
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DAMEPL asked to bear debt till pact is terminated
Sudhir Krishna, Secretary of the union urban development ministry informed that the Delhi Airport Metro Express (DAMEPL) will have to bear the debt till the concession agreement is terminated. DAMPEL is the joint venture between Reliance Infrastructure and Construccionesy Auxiliar de Ferrocarriles, SA (CAF) and it operates the metro rail corridor connecting Delhi airport. The joint venture firm recently submitted termination notice to Delhi Metro Rail Corp