Vol. XIII Issue no.55
Chennai, Sep 5 , 2010
Foreign airlines not liable to deduct TDS on navigation charges: SC
New Delhi, September 3: In a breather to foreign airlines, the Supreme Court has held that charges paid for cargo service, route navigational facility (RNLC) and termination navigational landing (TNLC) and hotel stay to Airport Authority of India (AAI) do not amount to ‘rent’ and,
Tuticorin port handles 10 mt traffic in April-Aug
Thoothukudi, August 31: The Tuticorin port handled 10 million tonnes (mt) of traffic in the first five months (April-August) of the current fiscal, with the major items being rock phosphate, potash, edible oil, timber logs, industrial coal, ilmenite sand, garnet sand, salt and containers
Shipping Trade Practices Bill yet to be finalized
New Delhi, August 31: The Shipping Trade Practice Bill, aimed at bringing transparency and uniformity in maritime logistical trade practices in the country, is languishing in the shipping ministry. In its current form, the Bill has limited scope — it will cover only container
GlobalLogic mulls additional delivery site in Eastern Europe
New Delhi, August 22: GlobalLogic, Inc, a provider of software R&D services, said it will set up a new office in either Brazil or Chile in the next one year, given the uptick in demand for product development from Latin America. The company has a large set-up in Argentina, wher
Arshiya International opens FTW
Mumbai, August 18: Arshiya International Ltd has informed BSE that the country’s first Free Trade Warehousing Zone developed by the company near Panvel, Mumbai, has become operational with effect from August 18, 2010.
Maersk Line's weekly service links Chennai to Far East
Kolkata, August 18: Maersk Line has announced the launch of its new Far East – Chennai weekly service, also covering Visakhapatnam. To be known as Chennai Express (CHX), the service will start from Shanghai on September 14, according to company sources. The port rotation will
New Chairman of ChPT
New Delhi, August 17: The Government has appointed Shri Atulya Misra, IAS (TN:88) as Chairman, Chennai Port Trust, for a period of five years with effect from.the date of assumption of charge of the post or until further orders, whichever is earlier.
Shri Misra is presently posted as Secretar
Ennore port to build container terminal
Chennai, August 14: Ennore Port on Friday signed a concession agreement with the Bay of Bengal Gateway Terminals to develop a Rs.1407-crore container terminal on BOT basis. The concession agreement will be for 30 years. The construction of the terminal will start in January and wil
Bangalore is FedEx's global hub for South
Bangalore, August 12: Express transportation major FedEx Express has started a new direct international flight service from Bangalore to the West. Bangalore is now its South Indian hub for international shipments and the third Indian gateway after Delhi and Mumbai. &nbs
Major port traffic growth drops to 2% in Apr-Jul
New Delhi, August 9: The 12 major ports of the country have registered a meagre 2.02% growth during April-July 2010 with the traffic touching 184 million tonnes (MT)
from 180 MT last year for the same period.
Of the cargo that the ports handled during the period, iron ore has displayed
DGCA spells out criteria for compensation for flight delays
New Delhi, August 6: The new directive on compensation to flyers in case of flight delays, cancellation or being denied boarding issued late on Friday state that the protection shall be provided to passengers travelling not only on scheduled flights but also on non-scheduled flights and foreig
Kochi port trade unions plan to go on strike from Aug 11
Kochi, August 5: The Trade Union Coordination Committee, a combine of trade unions at the Cochin Port Trust, has issued a notice to go on strike from August 11 demanding, among other things, continued operation of the Rajiv Gandhi Container Terminal to service coastal cargo, combi vessel
Allcargo plans to double export handling capacity
Mumbai, August 4: Multi-modal transport solutions provider, Allcargo Global Logistics, on Wednesday said it plans to double its export handling capacity to
4,000 TEUs (Twenty-foot Equivalent Units) per month from the Mundra Container Freight Station (CFS) after the commissioning of the
Allcargo plans to double export handling capacity
Mumbai, August 4: Multi-modal transport solutions provider, Allcargo Global Logistics, on Wednesday said it plans to double its export handling capacity to
4,000 TEUs (Twenty-foot Equivalent Units) per month from the Mundra Container Freight Station (CFS) after the commissioning of the
Adanis to buy Korean ships to import coal
Ahmedabad, August 3: The Adanis are to acquire two new ships from South Korea by December for bringing in coal from Australia's Galilee Basin for which they have entered into an agreement with Link Energy Ltd.. The Adani group that has been bringing in imported coal through chartered ve
SCI to raise Rs 2,600 cr to buy 29 new vessels
Mumbai, August 3: State-run Shipping Corporation of India (SCI) plans to raise Rs 2,600 crore debt this fiscal to buy additional 29 vessels, by the end of this financial year, which will lead to an addition of 1.72 million DWT (dead weight tonnage) to its existing fleet. The order includes fou
2 more airports to charge EDF from Aug
New Delhi, July 30: International passengers travelling from Thiruvanthapuram will have to pay an additional Rs 755 for their flight from Sunday. Domestic and international travellers from Ahmedabad will have to pay an additional Rs 110 and Rs 415 for each flight from August 16.
T
Airlines to close its check-in counters 40-mins prior to dep
Mumbai, July 21: In conformity with civil aviation regulator DGCA's guidelines on reducing flight delay, private carrier Kingfisher Airlines will close its check-in counters for domestic flights 40 minutes prior to departure. With effect from midnight on July 20, the check-in counters fo
First direct India-Australia air link by Oct-Nov
New Delhi, July 15: The first direct air link between India and Australia would be established by Air India when it launches non-stop flights from Delhi to Melbourne by October-November this year. Using the plush integrated Terminal-3 (T3) at the Indira Gandhi International Airport here
Apollo LogiSolutions plans to set up CFSs and ICDs
Mumbai, July 11: Apollo LogiSolutions (ALL), a fully owned subsidiary of Apollo International, plans to invest up to Rs 1,300 crore in the logistics business over the next five years, a top company official said. “We plan to invest around Rs 1,200-1,300 crore in this business by 20
DHL begins direct Nhava Sheva-Los Angeles LCL service
Singapore, July 8: Global logistics handler DHL has launched its new direct Less than Container Load (LCL) service from Nhava Sheva in India to Los Angeles. Operated by Danmar Lines, DHL’s in-house carrier, the new service will facilitate trade between India and the US and offer cu
India’s infrastructure sector needs $90 bn in 5 years: Kamal Nath
Kolkata, July 2: Road Transport and Highways Minister Kamal Nath Friday said India’s infrastructure sector needs $90 billion investment in the coming five years. “We are seeing a lot of interest in investment in infrastructure sector in India. The demand is there for ro
Addl. dredging at Kochi port for entry of Vallarpadam project vessel
Kochi, July 1: The Kochi port has requisitioned additional dredging to enable entry for the vessel carrying quay cranes for the proposed Vallarpadam project on schedule. Although the contractor had deployed three dredgers of 14,300 cu m capacity, an unexpected hard patch 35 m wide
Higher berth charges at Chennai mega box terminal approved
Chennai, June 27: The Tariff Authority for Major Ports (TAMP) has cleared upfront tariff for the Rs 3,686-crore Mega Container Terminal, being proposed at the Chennai port. The MCT, which is still in the RFQ (request for qualification) stage, will start with Rs 2.25/GRT (gross registered
Dhamra port to become operational by August
Bhubaneswar, June 25: Dhamra port, situated between Haldia and Paradip, will be operational by August end, Orissa transport minister Sanjib Sahoo said. He said that the developers had so far invested Rs 2700 crore of the estimated project cost of Rs 3239 crore and nearly 96% of the
New fare offers from AirAsia, Malaysia Airlines
Hyderabad, June 23: Malaysia Airlines has announced the launch of its all inclusive monsoon fares starting at Rs 6,812 for one way and Rs 12,693 for return airfare on Hyderabad - Kuala Lumpur sector. The travel period is valid from July 22 to December 14. All fares include airport taxes,
Kailash to set up logistics park near Chennai
Chennai, June 24: Kailash Logistics Ltd announced on Wednesday the launch of its new logistics park – Logicity – at Oragadam, on the outskirts of Chennai. The park will provide state-of-the-art supply chain solutions across industrial segments, said S Rajkumar, vice-ch
Marg plans Rs 400-cr port near Chennai
Chennai, June 22: Marg Ltd, the Chennai-based infrastructure company, proposes to set up another port at Mogaiyur, about 30 km south of Chennai, which is expected to cost between Rs 300 crore and Rs 400 crore.
The Marg Chairman, Mr G.R.K. Reddy, told Business Line on Tuesday that
PSA buys 27% stake in CIT from Sical Logistics
Chennai, June 21: PSA International, Singapore, world's leading container terminal operator, has bought out the 27 per cent stake in Chennai International Terminals (CIT) from its joint venture partner Sical Logistics for an undisclosed sum. “It is a strategic decision to divest st
SKG to set up logistics park in Chennai
Kochi, June 20: The Kochi based Sree Kailas Group (SKG) is setting up a logistic park at Oragadam, the emerging industrial and logistic hub of Chennai at an investment of Rs.120 crore. The foundation stone for the project will be laid on June 23. it has been reported.
Port officers threaten mass casual leave on July 5
Mumbai, June 20: Over 250 officers of the Jawaharlal Nehru Port Trust (JNPT) have threatened to go on a mass casual leave on July 5 as part of a nation-wide action plan to protest against the alleged three-year delay in finalisation of pay revision. The All India Port and Dock Offi
Jet Airways enters into code share with United Airlines
New Delhi, June 17: Private carrier Jet Airways would now be able to provide connectivity to 38 US cities from India as it entered into a new code share agreement with America's United Airlines. "The new code share agreement between Jet Airways and United Airlines has opened Air India set to open engineering base in Dubai
Dubai, June 17: Air India is set to open an engineering base in Dubai to help streamline the airline’s operations in the Gulf sector, its Chairman and Managing Director, Mr Arvind Jadhav, has said. The base is likely to be set up either in Dubai or Sharjah depending on
Apeejay to set up logistics parks in Bengal, Orissa by year-end
Kolkata, June 16: Apeejay Infralogistics Pvt Ltd, a joint venture between Apeejay Surrendra Group and Eredene Capital Plc, UK, hopes to commission the first phase of its two integrated logistics parks at Haldia (West Bengal) and Kalinganagar (Orissa) towards the end of this year. ,
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