It is eyeing a minimum revenue commitment – linked to increments to the Wholesale Price Index – to ensure that the government’s income is not impacted if the existing concessionaires migrate to the new tariff regime, said officials. “The minimum revenue commitment will insulate the Centre from any risks associated with lower tariffs being offered […]
Private port terminal operators may get pricing freedom
The company is currently participating in tenders for terminals in Goa, Haldia, Kandla, Ennore and Vizag, among others, and will be prioritising container, liquid and gas terminals as it looks to focus on connectivity and value addition for customers.
Raising issues related to multiple government arms conducting audits and inspections, the Tamil Nadu Maritime Board proposed streamlining security audits and inspections in non-major ports. Currently, export-import (Exim) ports are audited by the Directorate General of Shipping. Separate audits are being conducted by the Intelligence Bureau, Navy, Central Industrial Security Force and the Coast Guard.
The Indian government is working on a new legislative framework for ports that aims to improve transparency in port tariffs and update penalties for offenses. The proposed Indian Ports Bill, 2023, will empower the Maritime States Development Council (MSDC) to promote integrated planning between states and the central government.
Kolkata Port offers 25pc rebate on reefer power charges to boost perishable cargo exports
2 years ago
Kolkata Port, also known as Syama Prasad Mookerjee Port, is offering a 25% discount on reefer container electricity charges for perishable exports at Kolkata Dock System. The aim is to attract exporters from the eastern and northeastern regions who currently use other ports. The discount will help boost exports of perishables by maintaining the freshness […]
Discussions on India-Russia maritime cooperation gained momentum when ports, shipping and waterways minister Sarbananda Sonowal met Russian minister for development of the Far East and Arctic A O Chekunkov in Vladivostok on Wednesday.
This index helps countries identify the challenges and opportunities countries face in their performance on trade logistics. Rankings are based on a perception-based survey conducted across select stakeholders dealing with respective countries.
Indian-origin executive Dheeraj Bhatia has been appointed to the executive board of Hapag-Lloyd and as chief executive officer of its international terminals business. The Hamburg-headquartered firm ranks amongst the top five shipping companies in the world.
The decision to rebrand the service as Bharat Dart was taken after “extensive discovery and research process aimed at aligning itself to the evolving needs of its customers”, Blue Dart Express said.
Logistics firm Gati expects an 18-20% increase in demand during the festive season, particularly in e-commerce and white goods segments. The company is prepared to handle the surge with its enhanced warehousing and delivery capabilities. Gati has set up a surface transhipment centre and distribution warehouse in Thane district and other centres in Haryana, Indore, […]