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3Q RESULTS - Dismal show

Posted On Monday, March 08, 2010

The December quarter results of local shipping companies were on expected lines, given the significant fall in global freight rates
The financial results of leading shipping companies for quarter ended on December 2009 has been hit by significant fall in freight rates due to global economic slowdown and decline in movement of cargo. The average freight rates for Very Large Crude Carriers (VLCC....

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The Year of Seafarer Way to recognise seafarers

Posted On Sunday, January 10, 2010

Cut off from family and friends, and cut off from the shore visible at a stones throw from him, a seafarer is indeed a very lonely man going through his routine job day after day, thanks to ISPS. These days, the stay at a port is very short and the seafarer has no time to stand and stare. This makes it necessary to provide seamen with a facility for visiting the shore within this short stay, keep....

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NMDP Projects Slow but steady

Posted On Sunday, January 10, 2010

The ambitious project of the government to transform port and shipping sectors is inching forward. Of the 276 port projects that are part of National Maritime Development Programme (NMDP) , only 47 projects stand completed as on November 31. It has also dropped 22 projects. Launched in March 2006, the NMDP project was formulated by the department of shipping. It covers the entire gamut of activit....

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Around the world in 280 days

Posted On Sunday, January 10, 2010

When Commander Dilip Dhonde of the Indian Navy sailed off mid August, 2009, from Mumbai, he was embarking on a journey that registered a new watermark in Indian naval and maritime history. For what Cmdr Dhonde set off was the first of its kind solo circumnavigation sea voyage undertaken by an Indian. The fact that the vessel, 'Mhadei' used for the project was an India-made one also made the event....

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THIRD PARTY LOGISTICS Untapped potential

Posted On Sunday, January 10, 2010

India has transformed from being a slow-growing agrarian country into one of the world's most dynamic economies in less than two decades. Barring the current fiscal, India's GDP has grown at an average of more than 8 per cent annually over the past few years, making it the second-fastest growing economy in the world. Given the flourishing economy and increasing exim levels, domestic companies are....

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Challenges for pvt sector

Posted On Thursday, October 08, 2009

Private sector participation in Indian port sector has been on the increase during the past one decade with the Government of India (GoI) and a few state governments taking several initiatives to encourage private investments in port development. Notwithstanding the initiatives, the private players continue to face several challenges.As against the total investment of Rs. 374.04 billion envisaged ....

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Logistics Industry: The basics

Posted On Thursday, October 08, 2009

Globally the logistics industry is estimated to be worth $ 3.5 trillion. Though most of the large service providers are headquartered in Europe, the biggest market is the USA, which constitutes about 25 % of world's logistics market in value.India is the world's second fastest growing economy, fuelled by growth in infrastructure, booming manufacturing sector, exim trade, retail and agricultural re....

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‘While indirect taxes drive logistics, direct taxes act as a catalyst’

Posted On Thursday, October 08, 2009

Mr Sandesh Chonkar

How far direct taxes are driving logistics?In India, though indirect taxes are driving logistics, direct taxes would act as a catalyst from value engineering perspective. The recent Budgetary amendments and proposed Direct Tax Code Bill has to a larger extent addressed issues pertaining to logis....

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Predictable proposition

Posted On Friday, March 06, 2009

Today, most ship repairs are carried out in the UK, Singapore, Dubai, Bahrain or Colombo. Singapore is the numero uno ship repair centre in the world, having a share of about 20% of the total industry. The global ship repair bill is estimated to be of the order of $10-12 billion and is expected to grow significantly in the next decade, driven by pollution control measures and stricter environmenta....

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Go slow but steady

Posted On Friday, March 06, 2009

Moreover, India has seen some firms like Biyani's Future Capital and ICICI Ventures launching dedicated funds for investing in logistics. Future Capital's logistics fund worth $700 million to $1 billion will set up warehouses across India and ICICI Ventures' new fund of $3 billion is setting aside money for logistics companies.
According to a report by Venture Intelligence, the investments in shi....

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Issues & Prospects

Posted On Friday, March 06, 2009

In a developing country like India, transport demand normally increases faster than the growth in the gross domestic product. During the past decade, the Indian economy grew by seven to eight per cent and its transport demand grew by about 10%. The rate of growth, however, has varied by mode reflecting the structural changes in the economy and thereby the demand for different modes as well as the ....

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Container Shipping From laden boxes to empty re-positioning

Posted On Thursday, February 12, 2009

Container shipping has always been confronted with a serious problem which could never be easily resolved. This problem was the re-positioning of empties. All ship-owners and ship-operators love a two-way trade where they can steam their vessels with laden cargoes on both legs - outward leg and inward leg. For a bulk shipping operator this may not be a very critical problem as his only concern is ....

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Shortage of pilots: Need for privatisation

Posted On Wednesday, January 14, 2009

The issue of shortage of pilots for navigating vessels within port limits has been there for some time though the ports have always been in denial. ....

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