THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, May 22, 2000

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Logistics

Transport
Vizag port for shifting fishing harbour
THE Vizag port plans to shift the fishing harbour, the operational headquarters of the Indian deep-sea fishing industry, to the neighbouring town of Bheemunipatnam. This is because the existing fishing harbour site lies adjacent to the multi-purpose bert h, which is being converted into a full-fledged container terminal. The port, which plans to use the fishing harbour site as a stacking area, has conveyed the proposal to the Association of Indian Fishery Industries (AIFI).

Jaipur-Kishangarh highway project-- NHAI opens quasi-equity route
THE PRIVATE operator selected by the National Highways Authority of India (NHAI) for constructing the 93-km Jaipur-Kishangarh highway project on NH-8 in Rajasthan will be allowed to raise quasi-equity (sub-ordinated debt) from the market to meet the project cost without having any major impact on the Government's contingent liability in the event of force majeure.

Clear LNG policy imperative
IN THE world of business, patriotism seems to have no place. Indian shipowners, who talked proudly about national tonnage until yesterday, are now prepared to ``flag out'' to grab a share of the lucrative LNG cargo. A section of the shipowners has told the government that the LNG transportation policy (under preparation) should allow `flag of convenience' (FOC) carriers to bid for Indian LNG cargo. ``The flag is not important but the control on the cargo is...'' said a shipowner who ha d, till recently, been seeking reservation of LNG cargo for Indian ships.

Kochi Port cranes for power
THE DELAY in commissioning the 2.5-MW diesel generator set, installed at the container terminal of Kochi port to supply power to two gantry cranes, is causing concern to shipping interests, especially because frequent disruptions in supp ly from the Kerala State Electricity Board's (KSEB) system have hit port operations considerably.

`Save Indian shipping from foreign sharks'
AT 64, Mr. G. Pattabhi Ramayya, a veteran and prominent figure in Visakhapatnam's port and shipping circles, is as energetic today as he was more than 40 years ago when he joined the family's core shipping agency business which was star ted way back in 1930 by Garuda Pattabhi Ramayya and A. V. Bhanoji Row.


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