The Hindu Business Line : Friday, May 09, 2003

AI likely to post Rs 100-cr profit
AIR India (AI) hopes to fly high and expects to report a net profit of around Rs 100 crore for the year ending March 31, 2003. Official sources told Business Line that a combination of factors such as low fuel prices, the decision to ... More

IA flights from Chennai rescheduled
INDIAN AIRLINES has rescheduled a few flights from Chennai with effect from May 13 due to operational reasons. According to a press release, flights IC 174/173 on the Chennai-Mumbai-Chennai sector will operate daily with A 300 to revised ... More

AI scouts for partner to take up ground handling work
EVEN as Air India started the process of registering a new company on Wednesday to undertake the ground handling work at domestic airports, it has engaged global management-consulting firm A.T. Kearney to draw up a list of partners that the ... More

SHIPPING

IPBC hikes freight on East-bound trade
THE member lines of the India/Pakistan/Bangladesh/Ceylon (IPBC) Conference have decided on a freight hike of $150 per TEU and $200 per FEU on East-bound trade with effect from June 1. The revised rates, to remain valid till September 30, will ... More

Ennore port sells all marine craft to save money
ENNORE Port Ltd has sold all its marine craft for a consideration of Rs 67 crore and re-chartered them from the private party for a period of 12 years. This is expected to result in a saving of Rs 7 crore over the 12-year period, according to ... More

Chennai port users seek lower charges for all vessels
THE Chennai port users want the Chennai Port Trust (ChPT) to extend the reduction in vessel-related charges to all types of vessels including break bulk, car carriers, iron ore and oil tankers. Such a reduction should not be confined to container ... More

Consultant to chalk plan to boost inland waterways
REALISING the value of inland water transportation to an ailing domestic shipping industry, the Indian Shipbuilders' Association (ISBA) has hired Delhi-based Dua Consulting to devise a comprehensive strategy for the development of existing inland ... More

MERGERS & ACQUISITIONS

Union Transport buys out IndAir
UNION Transport (Netherlands) Holdings BV is buying out the entire stake in IndAir Carriers Pvt Ltd, the largest IATA approved air cargo operator in the country, from the Indian promoters who hold 100 per cent of the equity. The ... More

RAILWAYS

Ion Exchange unit for Rail Neer commissioned
ION Exchange (India) Ltd, the water treatment company, has commissioned its plant for production of Rail Neer, packaged drinking water for the Indian Railways. The plant was inaugurated by the Union Minister for Railways, Mr Nitish Kumar. The ... More

Ships in Ports

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