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LOGISTICS
SHIPPING/PORTS:
Baltic Dry Index falls sharply
Baltic Dry Index (BDI), an index covering dry bulk shipping rates and managed by London-based Baltic Exchange, dropped to 3,002 last Friday from the peak of 11,000 plus in last ...
RAILWAYS:
IL&FS, Halcrow consortium to advise freight corridor corpn
On track access charges to be received from Rlys. A consortium comprising IL&FS, Halcrow Consulting, Australian-legal firm Blake Dawson and Railways’ subsidiary RITES will advise Dedicated Freight Corridor Corporation of India Ltd ...
SHIPPING/PORTS:
Ministry to float Cabinet note for shipbuilding subsidy
‘Govt support, incentives are important components of industry growth’. New Delhi, Oct. 7 The Shipping Ministry will circulate the Cabinet note for reviving the shipbuilding subsidy this ...
SHIPPING/PORTS:
Global Shippers Forum
Global Shippers’ Forum, at its meeting held recently at Montreal, Canada, nominated Mr R. Venkatesan, Vice-President of Western India Shippers Association (WISA), as the convenor of its Indian sub-continent region. Earlier, Mr Venkatesan ...
SHIPPING/PORTS:
Panel to go into Vizhinjam land acquisition issue
Council to oversee Kuttanad development. The Chief Minister, Mr V.S. Achuthanandan, has said that a high-level committee headed by the Chief Secretary would go into complains with respect to acquisition of land for the proposed Vizhinjam ...
RAILWAYS:
Southern Rly goods handling rises 21% in H1
Chennai, Oct. 7 Southern Railway handled 16.8 million tonnes of goods during the first-half of the current fiscal, an increase of 21 per cent when compared with the corresponding period of the last year. Handling in the first-half was 9 per ...
EVENTS:
Hyderabad to host aviation summit from Oct 15
Hyderabad, Oct. 7 The Begumpet Airport, which is closed for commercial operations after Rajiv Gandhi International Airport (RGIA) commenced operations in March 2008, would host the four-day Indian Aviation 2008 beginning ...
MERGERS & ACQUISITIONS:
AI to complete 75% of merger with Indian by March
Hyderabad, Oct. 7 Air India has said that the company hopes to complete at least 70 to 75 per cent of the merger (with Indian) by the end of the ...
TRADE & LABOUR UNIONS:
Port wage talks remain deadlocked
Kolkata, Oct. 7 The bilateral wage negotiation meeting held here recently between the wage negotiating committee of the major ports and the representatives of five federations controlling about 66,000 port and dock workers remained ...
NEW PRODUCTS & SERVICES:
Facelift
...
SHIPPING/PORTS:
Container freight rate to Europe down 30%
Chennai, Oct. 7 Container freight rate from India to Europe has dropped by nearly 30 per cent in the last ...
AIRLINES:
6 cos in fray for Air India call centre contract
New Delhi, Oct 7 The interest of leading BPO companies in taking on the call centre work of Air India appears to be waning. The airline has received bids from about six vendors including Omnia, Sparsh, InterGlobe, Firstsource and ...
SHIPPING/PORTS:
Essar Shipping bags safety award
Mumbai, Oct. 7 Essar Shipping Ports & Logistics Ltd (ESPLL) was awarded the ‘Safest and Most Environmentally Conscious Indian Shipping Company 2007’ at a ceremony to mark World Maritime ...
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