Export hubs urge migrant workers not to leave
Exporters apprehend that if migrant workers start leaving, it could impair their production again at a time when order flow from key markets has witnessed an uptick. For instance, exports of gems and jewellery
Om Logistics frontrunner to take over Balmer Lawrie JV from NCLT
KOLKATA : Delhi-based Om Logistics is now the frontrunner to take over Transafe Services Ltd. (TSL), a JV with Balmer Lawrie, a Miniratna I PSU, from the National Company Law Tribunal (NCLT). This would
The operators of the Ever Given may be forced to unload its 18,000 cargo containers onto other ships…
The operators of the Ever Given might move its containers onto other ships, according to a report. The ship is unable to deliver its goods until $1 billion in damages is paid to Egyptian
Syama Prasad Mookerjee Port asks lines to stop levying surcharge of up to $800 per container
KOLKATA : Kolkata Port Trust has asked container lines to stop levying congestion surcharge of $800 per container on its customers as the improved depth at Kolkata Dock System (KDS) had rendered the extra
State-owned, unlisted major ports are missing out on wealth creation
Bringing all the 12 ports under a holding company for listing makes the valuations even bigger, suggests a consultant MUMBAI : Two large mergers and acquisitions deals in the ports sector involving Adani Group
CLSA gives ‘Outperform’ rating for Adani Ports despite the Yangon container terminal controversy
MUMBAI : Brokerage firm CLSA has an ‘Outperform’ rating for Adani Ports. As per the brokerage, because of the Yangon container terminal (YCT) controversy the company has got reputational risks, such as its removal
Long Haul for Ever Given Indian crew
Egypt seizes Ever Given with 25-member Indian crew, demands $900 million compensation The Suez Canal Authority said the amount was calculated on the basis of ‘losses incurred by the grounded vessel’ along with ‘flotation
Cargo handling at top-12 ports falls 4.59 per cent to 673 MT in FY21
Cochin, New Mangalore and Chennai ports suffered a sharp decline of about 7 per cent NEW DELHI : Hit by disruptions caused by Covid-19, India’s 12 major ports witnessed a 4.59 per cent fall