Following objections raised by other shipbuilders over the selection process, defence ministry has decided to wait for govt policy.
Jawaharlal Nehru Port Trust board will meet on Mon to decide on awarding the rights for developing the Rs 6,700-cr terminal.
Shipping Corporation of India, Great Eastern Shipping move away from core business in a bid to fight rising fuel costs
Shipping Corporation of India and Great Eastern Shipping, have stepped up investments in offshore oil exploration support services in the past few months.
The government has held out a threat that it could “interfere” in India’s first public-private defence partnership between state-run Mazagaon Dock and private firm Pipavav.
Domestic logistics firm Allcargo Global Logistics has started a corporate re-branding exercise to create a master brand,' Avashya'.
Shipping Corporation of India will hive-off its offshore business into a separate subsidiary in a bid to cash on the lucrative sector.
Shipping companies face the prospect of a 20% increase in cost of operations as the price of bunker oil touched a record high of $650 per barrel on Thursday, said senior industry officials.
Jawaharlal Nehru Port currently functions as a trust much like the other eleven major ports in India except Ennore port.
Freight forwarding cos are diversifying into fast-growing logistics biz as fears of slowdown have forced them to tap alternative streams of revenue.
The Essar group is likely to invest almost Rs 600 crore in a port facility in Canada to facilitate trade from its subsidiary Essar Steel Algoma.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon