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| 27 November, 2020, 07:47 PM IST | E-Paper
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    Shipping / Transport

    Great Eastern Shipping contracts to sell two oldest Suezmax crude carriers

    The company has "contracted to sell its 2000-built Suezmax Crude Carriers, Jag Lateef and Jag Laadki of about 1,47,080 dwt (deadweight tonnage) and about 150,284 dwt, respectively," it said in a BSE filing.

    New bill proposes allowing foreigners to own upto 49% stake in vessels flagged in India

    The ports, shipping and waterways ministry has issued the draft Merchant Shipping Bill, 2020, making way for these changes.

    Ro-Pax ferry service inaugurated in Gujarat: Key things to know

    Prime Minister Narendra Modi inaugurated the Ro-Pax ferry service between Hazira and Ghogha in Gujarat through video conferencing today.

    Govt issues draft 'Merchant Shipping Bill, 2020' for public consultation

    The Merchant Shipping Bill, 2020 has been drafted with the primary aim of promoting the growth of Indian shipping industry by incorporating the best practices adopted by other advanced countries like the US, Japan, UK, Singapore and Australia, the Ministry of Ports, Shipping and Waterways said.

    Air cargo operators, airports planning steps to ensure smooth transport of COVID-19 vaccines

    The Indian government is in touch with Moderna, Pfizer, Serum Institute of India, Bharat Biotech and Zydus Cadila over the progress of the clinical trials of each of the vaccine candidates.

    Automation of cargo clearance processes to improve trade facilitation: ADB

    The pandemic has underscored the importance of trade facilitation within South Asia and with the region's neighbours, said the blog written by Aileen Pangilinan and Satish Reddy.

    Pipavav cuts terminal handling charges for empty containers

    The move is aimed at supporting exporters in getting easy access to empty containers and reducing the waiting period, the port operator said.

    New policy for setting up ICD, CFS to help in balanced development of ports sector: Icra

    The Central Board of Indirect Taxes and Customs (CBIC) had recently issued the revised policy and guidelines for setting up of inland container depots (ICD), container freight stations (CFS) and airfreight stations (AFS) to address the issues of geographical disparity and concentration and aims to align future developments with projects like rail freight corridor and inland waterways.

    Coal handling at Mormugao Port Trust to be reduced: Goa CM

    Speaking to reporters, Goa Chief Minister Pramod Sawant ruled out allegations of compromising on the environment by approving projects like the expansion of a national highway and double-tracking of a railway line.

    Govt to focus on creating port grid, says Mansukh Mandaviya

    Ports, Shipping and Waterways Minister Mandaviya said that 1,400 kilometres of waterways have been fully developed and an additional 1,000 kilometres of waterways are being developed on a priority basis.

    Allcargo completes first multimodal over-dimensional cargo project

    "There are always inherent challenges involved in the process of moving ODC. In this case, challenges multiplied due to size and shape. However, our project and equipment (P&E) team ensured a safe and hassle-free multimodal movement," said Rahul Rai, Business Head of Project & Engineering Division at Allcargo Logistics Limited.

    DHL Express to invest about Rs 6,600 crore in Asia Pacific region

    DHL Express to invest about Rs 6,600 crore in Asia Pacific region

    "The pandemic has caused unparalleled changes to the air cargo industry and it will likely take a long time for the industry to recover to pre-pandemic levels. But having a dedicated fleet and well-implemented contingency plans have helped to keep our network fully operational despite the overnight disappearance of commercial air belly cargo space.

    Shipping Ministry renamed Ministry of Ports, Shipping & Waterways

    Shipping Ministry renamed Ministry of Ports, Shipping & Waterways

    Various autonomous bodies like the Port Trusts in Mumbai, Kolkata and others, the Inland Waterways Authority of India and the Shipping Corporation of India will also come under the ministry.

    Maharashtra government announces Rs 1,000 crore package for cash-strapped MSRTC

    Maharashtra government announces Rs 1,000 crore package for cash-strapped MSRTC

    Anil Parab, who is the chairman of MSRTC, said this financial package will help the transport body get back track and will meet expenses such as salaries of employees and fuel costs for the next six months. The transport body had suffered revenue losses of around Rs 3,000 crore during the COVID-19 lockdown period, Parab said, adding that this in turn resulted in pending salaries.

    RTS Logistics eyes Rs 500 cr revenue in 2-3 yrs, automotive segment to drive growth

    RTS Logistics eyes Rs 500 cr revenue in 2-3 yrs, automotive segment to drive growth

    Chennai-based third-party logistics firm RTS Logistics is eyeing to become a Rs 500-crore company in the next 2-3 years, with automotive business majorly driving the growth, its director Narasimhan Raghavan said.

    PM Narendra Modi inaugurates Ro-Pax ferry service in Gujarat

    PM Narendra Modi inaugurates Ro-Pax ferry service in Gujarat

    The three-deck Ro-Pax Ferry Vessel 'Voyage Symphony' connecting Hazira in Surat district of south Gujarat and Ghogha in Saurashtra's Bhavnagar has a load capacity of 30 trucks, 100 passenger cars, and 500 passengers plus 34 crew and hospitality staff, it said.

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