• Posted On Wednesday, December 23, 2009

    December 15, 2009: Shri G K Vasan, the Union shipping minister, in a written reply to a question informed the Rajya Sabha today that one vessel, M V Al Khaliq, with Panama flag has been hijacked by the pirates with 26 crew members onboard (including 24 Indians) on October 22, 2009 close to the Seychelles islands about 720 nautical miles east of Mombasa. Directorate general of shipping (DGS) h....

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  • Posted On Wednesday, December 23, 2009

    December 15, 2009, New Delhi: Rs 5.50 crore towards differential dues (compensation, gratuity and leave salary) of voluntarily retired (VR) employees of Hindustan Shipyard Limited (HSL) has been included in the financial restructuring proposal of HSL, which is presently under consideration of the Government of India (GoI). The dues shall be paid after the proposal is approved by GoI. The pay/wage....

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  • Posted On Monday, November 30, 2009

    November 23, 2009: The Union shipping minsiter, Shri G K Vasan in a written reply to a question in Lok Sabha informed that the Paradip Port in Orissa is not congested. Paradip Port experienced congestion for a short period of 3 months from June-August 2009 because of draft restrictions and strike at Haldia Dock Complex, leading to diversion of vessels bound for Haldia to Paradip Port. Some bulk c....

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  • Posted On Tuesday, November 24, 2009

    The Maritime States Development Council has proposed to set up a committee comprising members of Ministry of Shipping, the Indian navy, coast guard, state police etc for sharing information on port-related issues November 12, 2009, New Delhi: The Maritime States Development Council (MSDC) has decided to set up a committee comprising members of the Indian navy, concerned maritime state, members of ....

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  • Posted On Thursday, October 29, 2009

    Mumbai, October 6, 2009: Port Pipavav has launched a joint venture with Malaysian International Shipping Corporation (MISC Berhad) for bringing in refrigerated containers (reefer) cargo through their ships to Port Pipavav. MISC Berhad, a subsidiary of PETRONAS, Malaysia, is a leading international shipping line in Malaysia and currently berths ships at Nhava Sheva in Mumbai. Port Pipavav will be i....

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  • Posted On Wednesday, October 28, 2009

    October 16, 2009: Japans Mitsui O.S.K. Lines Limited (MOL) has signed an agreement with Sical Logistics Limited to form a joint venture (JV) company. The JV, in which MOL will own 55% equity and Sical 45% equity, will operate the automotives management yard at Ennore Port, near Chennai. Operations are scheduled to commence in 2010-11. MOL is among the worlds largest shipping and logistics compa....

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  • Posted On Tuesday, September 15, 2009

    Sept 9, 2009, New Delhi: GK Vasan, the Union Minister of Shipping, took the initiative to break the impasse in the negotiations between the recognised federations and Indian Ports Association (IPA). This averted the impending strike, signalling a great sigh of relief to the maritime community. A Bipartite Wage Negotiation Committee (BWNC) consisting of the representatives of management and the ....

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  • Posted On Thursday, September 10, 2009

    Sept 8, 2009, New Delhi: Cochin Shipyard Ltd (CSL), the largest shipbuilding and ship repair yard of India declared a dividend of Rs 19,66,79,000 (Rs 19.66 crore). Commodore M Jitendran, CMD of CSL, presented a cheque of this amount to GK Vasan, the Union Minister of Shipping, on September 8, 2009. The dividend consists of Re 1 per equity share on 11,32,80,000 fully paid equity shares of Rs 10 eac....

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  • Posted On Thursday, August 20, 2009

    Aug 4, 2009, New Delhi: As per the ongoing National Maritime Development Programme (NMDP), the Government of India (GoI) has planned to modernise all the major ports in the country including those located in Tamil Nadu. This programme, inter-alia, includes deepening of channels, construction and up-gradation of new berths and terminals through public-private participation (PPP), mechanisation of c....

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  • Posted On Saturday, August 08, 2009

    Aug 3, 2009, New Delhi: The Government has proposed to amend the Multimodal Transportation of Goods Act, (MMTG Act) 1993. A working group set up for this purpose is looking into the matter and the report is awaited. The Association of Multimodal Transport Operators has given the following suggestions to the working group: The MMTG Act, 1993 to be amended with respect to all logistic provider....

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  • Posted On Monday, July 27, 2009

    July 20, 2009, New Delhi: The government has launched the National Maritime Development Programme (NMDP) involving a total investment of Rs 1,00,339 crore to augment the traffic handling capacity of all major ports in the country.
    In the port sector, the total anticipated investment is Rs 55,804 crore for 276 projects covering the entire gamut of activities namely, construction and up-gradation o....

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  • Posted On Thursday, July 16, 2009

    A consortium including Noble Group Ltd, Gammon Infrastructure Projects Ltd and MMTC Ltd to develop iron ore terminal at Paradipport on BOT basis July 1, 2009, New Delhi: A concession agreement has been signed between the Paradip Port Trust and Blue Water Iron Ore Terminal Pvt Ltd for the construction of a deep draught iron ore terminal at the port. The agreement was signed in the presence o....

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  • Posted On Monday, June 15, 2009

    June 15, 2009, New Delhi: India is a significant maritime player in the world, with over 7500 km of coastline and a number of ports dotting the same. The ports sector in India has undergone a sea change in the past few years, fuelled largely by increasing investments. Investment in major and minor ports over the next 10 years is expected to be around $10 billion. While container ports remain in t....

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