According to sources, the slow down initiated by both the operators, DP World and APM terminals, are causing congestion trouble at the port.
Indian offshore companies have come out in the open against ONGC's allegedly flawed policy on chartering vessels to support rigs for drilling.
Offshore firms allege that ONGC often select scrap-worthy and age-old vessels after tenders are called, as they offer low charter rates at the cost of safety.
The Shipping ministry will invest Rs.73,793.95 crore for development of various projects in the port sector as part of the 12th Five Year Plan.
High taxes and duties have been a concern for foreign watch majors looking to enter the country. Currently, India imposes 40-70% taxes on luxury watches.
Traffic handled at major Ports in the country fell by 6.3% in April, the first month of the financial year, according to the latest figures issued by the Indian Ports association.
Essar Ports is likely to sign a stake sale deal with Port of Antwerp, one of the largest ports in Europe, in the next two months.
Logistics major, DTDC Courier & Cargo Ltd on Monday said that the company has acquired a majority stake in UAE based Eurostar Express.
The consortium, which had earlier asked for a grant of 479 crore, has agreed to lower the amount by 20 crore after the Kerala government asked it to reconsider the bid.
Essar Ports is likely to sign a stake sale deal with Port of Antwerp, one of the largest ports in Europe, in the next two months, said Essar Ports MD Rajiv Agarwal.
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