“The MoU over a period of time will help in an enhanced movement of traffic to and from APSEZ into Europe and beyond,” Adani Ports said in a statement.
These companies say that they are losing out on massive cargo volumes and port revenues because of the stringent coastal shipping rule.
Cargo activity at Jawaharlal Nehru Port Trust's (JNPT) Gateway Terminals has finally returned to normalcy.
JNPT’s Gateway Terminals returns to normalcy, after management and protesting drivers reach a settlement
The dispute started after driver wage settlement discussions with the four contractors appointed by Gateway Terminals failed.
JNPT showing no signs of easing, frustrated shipping lines have started deserting India's largest container port for rival ports in Gujarat.
“Many small firms who are in freight forwarding and transportation business globally are suffering due to slower demand and higher costs,” said an analyst
The consortium consists of Ind Bank, UCO Bank, CBI, Syndicate Bank, SBI, UBI, BoI, Bank of Baroda, IDBI Bank and Allahabad Bank.
Labour dispute has once again hit the Jawaharlal Nehru Post Trust (JNPT), substantially slowing cargo activity at its Gateway Terminals.
Logistics sector is likely to invest at least Rs 500 crore in next five years to dot rural landscape with small outlets, and deliver packages to millions who are catching up with online shopping.
SCI, a Navratna company has been posting losses since last two years mainly due to high depreciation cost on new vessels.
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