Financial Daily from THE HINDU group of publications
Friday, Apr 16, 2004
Financial Daily from THE HINDU group of publications Friday, Apr 16, 2004 |
||
|
|
||
|
Logistics
-
Shipping Hyundai Motors, ChPT in long-term pact Our Bureau
Chennai , April 15 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 Port Ltd, who is holding additional charge as Chairman, ChPT, told presspersons here today. Discussions are going on with Hyundai on a reduction in vessel-related charges (given to the port trust for ships coming to the port) and on tariff to handle cars at the berth, he said. At present, ChPT and Jawaharlal Nehru Port Trust have handling rates for cars based on ad valorem — a percentage based on value of a car. However, Hyundai wants rates to be on per unit (car) basis. Further, the car manufacturer has sought vessel-related charges for a pure car carrier to be on par with container vessels. A senior ChPT official said that revenue for the port from Hyundai is likely to be Rs 5 crore a year to handle about 70,000 cars, he said.
More Stories on : Shipping | Cars
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|