The Ministry of Shipping on Monday said that it has revised the target capacity for ports in India during fiscal year 2012-13 to 244 million tonnes.
APM Terminals, on Friday said that the container handling terminal has restored normalcy and its employees have started work .
In an email response, Mitsubishi said that it does not have a concrete plan on a JV yet, but will look at favourable government policy to support Indian shipyards.
Mitsubishi may consider buying a stake in Larsen and Toubro's subsidiary, L&T Shipbuilding, as it looks to set up its first shipbuilding base outside Japan.
SCI has put on hold its expansion plans for current fiscal, could see further financial trouble largely from rising debt.
Employees of Gateway Terminal, which is operated by APM Terminals, have been protesting against the company's decision to hire 11 "outsiders".
ABG Shipyard reported 4% year-on-year fall in net profit in fiscal 2011-12. In the year ended March, the co. reported net profit of Rs 180.29 cr.
Great Offshore's net profit in the financial year 2011-12 fell by 27% to Rs 74.34 crore as against Rs 101.7 crore in the year ago period.
Indian logistics firms grew at over 25% in fiscal 2011-12 led by a large-scale outsourcing of logistics and a steady rise in rural consumption.
Ajay Mittal promoted Arshiya Rail Infrastructure Ltd on Tuesday said that the company has signed a long-term deal with Gatx India Pvt Ltd, a subsidiary of Gatx Corp, to lease its rakes.
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