Govt finalises revised model pact for new private cargo terminal deals at major ports
NEW DELHI : The Government has finalised a revised model concession agreement (MCA) to be followed by the Centre-owned major ports while implementing new cargo handling projects with private funds. A concession agreement sets
Inauguration of Customs clearance work on all 7 days of a week including public holidays at Garhi Ha…
Sonepat, Garhi Harsaru and Tughlakabad inland container depots under Delhi Customs now operate on Sundays and Public Holidays NEW DELHI : The Chief Commissioner of Customs, Delhi Custom Zone, Shri Surjit Bhujabal inaugurated the
Government draws flak on retaining minimum cargo guarantee clause in model pact for private terminal…
Royalty to be paid by the private terminal operator to the port authority is based on the actual volumes handled in a year or on the MGC, whichever is higher MUMBAI : Private investors
India flag to unfurl for shipping sector at GIFT City
AHMEDABAD: After aircraft leasing and financing, Gujarat International Finance Tec City is now exploring ways to make India, which has a huge export-import trade, a country of shipowners rather than only charterers. The authority
FIEO Felicitates Exporters of Northern India
NEW DELHI : In order to encourage the exporters and have an intrinsic growth FIEO instituted the Regional Awards which is given at the state level to exporters who have excelled in their respective
Agility Reports KD 926.9 Million Net Profit for the Third Quarter 2021
3 2021 (Million KD) Q3 2020 (Million KD) Variance (%) 9 months 2021 (Million KD) 9 months 2020 (Million KD) Variance (%) Revenue 124.5 97.5 27.7% 344.7 292.4 17.9% Net Revenue 65.8 50.6 30.2% 185.8 161.4
Ships keep coming even as every sector of the supply chain has reached capacity
The logjam of container ships outside the California Ports of Los Angeles and Long Beach swelled to another record as stepped-up efforts to clear cargo off the docks failed to prevent the average wait for vessels
Port congestion cascades into intra-Asia services, disrupting container traffic
SINGAPORE : The global cascading effect of port congestion is playing havoc with intra-Asia trade lanes, with large amounts of cargo stuck at transhipment hubs in the south-east. According to Peter Sundara, global head