IWAI hands over its Kolkata Terminals to Summit Alliance Port East Gateway (India) on supply, operate, maintain model

NEW DELHI: Inland Waterways Authority of India (IWAI) made its foray into Public Private Partnership (PPP) when it handed  over the operation and management of its terminals in Kolkata to Summit Alliance Port East Gateway (India) Pvt Ltd. (SAPEL) on a supply, operate and maintain (SOM) model. The contract will be valid for a period
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Inland Waterways Authority of India (IWAI) will make its foray into Public Private Partnership (PPP) on 30 October 2018 when it hands over the operation and management of its terminals in Kolkata to M/s Summit Alliance Port East Gateway (India) Pvt Ltd. (SAPEL) on a supply, operate and maintain (SOM) model . The handing over
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ICD/PFT Bawal, under the ownership of Sanjvik Terminals Pvt. Ltd, is going full steam ahead with month-to-month growth in both ex-im and domestic volumes. In domestic volumes, ICD-Bawal is emerging as an auto and steel hub, primarily due to its strategic location and personalised services. In September 2018, 28 domestic rakes were handled, of which
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APM Terminals India Pvt. Ltd, a part of AP Moller-Maersk, has announced resumption of operations at the ‘Main’ Container Freight Station (CFS) at Nhava Sheva with immediate effect. On September 28, 2018, APM Terminals had to suspend operations at the facility as the safety of 500 employees was under threat. Keeping its people safe is
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APM Terminals has reached an agreement to divest its container terminal in Izmir, Turkey to its current partner SOCAR. As part of the sales agreement, APM Terminals will continue managing the terminal, ensuring that needs from both shipping lines and landside customers are catered for. The sale is subject to regulatory approvals and is expected
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As part of APM Terminals Bahrain continued efforts to upgrade the Khalifa Bin Salman Port (KBSP) infrastructure and provide increased efficiency and sufficient capacity for future export growth, the company has invested in installing three new Weighbridges to enhance its VGM (Verified Gross Mass) service offerings. With the objective of streamlining operations, the new pit-mounted
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The Maritime Association of Nationwide Shipping Agencies (MANSA) has welcomed the remedial action undertaken by Bharat Mumbai Container Terminals Ltd, at JN Port, to modify their systems software of billing module and accommodate the trade’s request for billing the storage charges. A letter addressed to the Chief Commissioner’s office of Mumbai Customs, Zone II on
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Commodity trading company Trafigura Group has decided to create a joint venture with IFM Investors for certain assets of Trafigura’s ports and warehousing company Impala Terminals and entered into a long-term partnership with the fund manager. Specifically, Trafigura entered into an agreement with IFM Global Infrastructure Fund under which the latter company will invest in
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The Government has opened a four-month window for public-private-partnership (PPP) Cargo Terminals at Major Port Trusts operating under a restrictive rate regime of 2005 to migrate to a market-driven pricing structure finalised in 2013 for new projects and has set terms and conditions for the shift. The window for migration ends on November 10. After
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The Container Corporation of India (CONCOR) has announced the facilitation of free warehousing for containers to the trade at its terminals across the country. The massive increase in free time, i.e. 45 days and 90 days for loaded and empty containers, respectively, has become effective from September 1, 2018. This is applicable to the import-export
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