The Hindu Business Line : Friday, April 16, 2004

SHIPPING
Maersk-Concor bid gets nod from Shipping Ministry's finance wing
"As a measure of abundant caution, we have approached the EC with a request to accord clearance to the Ministry for processing the proposal of JNPT to award the contract to its finality, which is awaited," a Ministry official said. More

Varun Shipping clocks 214 pc increase in net profit
SAILING with the freight market boom, Varun Shipping Co Ltd has clocked a 214 per cent increase in net profit during 2003-04 to touch the Rs. 35.8-crore mark, as against Rs. 11.4 crore in 2002-03. The company's turnover rose from Rs. 236.7 ... More

Tuticorin Port to levy fee for vessel stay at anchorage
IN a bid to discourage ships from remaining at its anchorage for longer periods, the Tuticorin Port Trust (TPT) has decided to levy a fee for stay of vessels at anchorage. As an interim arrangement, the new levy will be linked to berth hire ... More

Chennai port clocks 9% growth in cargo traffic
THE Chennai port recorded 8.96 per cent growth in cargo traffic at 36.71 million tonnes during the fiscal ended March 31, 2004 compared to 33.69 million tonnes the previous year. The port marginally surpassed the Shipping Ministry's target by ... More

Hyundai Motors, ChPT in long-term pact
THE Chennai Port Trust (ChPT) will sign an agreement with Hyundai Motors India to export cars through the port on a long-term basis. The agreement is likely to be for 15 years and will be signed before next month, Mr M. Raman, Chairman, Ennore ... More

Haldia dock throughput at 32.3 mt last fiscal
WITH a throughput of 32.309 million tonnes (mt) in 2003-04 (28.6 mt in 2002-03), Haldia dock not only posted nearly 13 per cent growth but also ranked fourth among all major ports in terms of volume of traffic handled. The Shipping Ministry ... More

Ports

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