LOGISTICS
SHIPPING
New dredging policy in muddy waters Dredging Corporation IPO may be hit
THE status of the new dredging policy announced by the Shipping Ministry on January 19 is unclear as the same has not yet been intimated to the major port trusts, minor ports, private ports and the dredging industry. This intriguing situation ...
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Foreign flag ships chartering Exporters unaware of cancellation of pre-approval norms
DOMESTIC charterers (exporters/importers) and shipping companies have been caught napping. They have been flocking to the Director General of Shipping seeking permission for in-chartering of foreign vessels and for making dollar remittances ...
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Paradip port handles record volume in Jan
PARADIP Port Trust (PPT) handled a record volume of 26,47,629 tonnes of cargo in January 2004, surpassing the previous monthly best of 23,24,000 tonnes recorded in May 2003. In January 2003, the traffic throughput was 22,42,100 tonnes. In terms ...
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New Mangalore port achieves record traffic
NEW Mangalore Port achieved traffic of 21.5 million tonnes during the current financial year as on February 8, crossing the all-time record of 21.43 million tonnes achieved during 2002-03. A press release by the Traffic Manager, Mr S. ...
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NSICT curbs on box movement
WITH yard inventory having risen to 17,000 TEUs on Monday, the Nhava Sheva International Container Terminal (NSICT), run by P&O Ports, has decided to close the gates for all export containers until further notice. The gates shall be closed at ...
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Vizag port Web site launched
SUPPLY CHAIN MANAGEMENT
India Post seeks to tap float funds Finance Ministry nod for money market operations awaited
INDIA Post has become market savvy and proposes to increase its earnings by deploying float funds to reduce dependence on Government support. Sources said that the Postal Department has approached the Union Ministry of Finance for clearance ...
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