Financial Daily
from THE HINDU group of publications

Monday, October 23, 2000





Vizag Port land for Concor ICD
IN A bid to increase the inflow of container traffic, the Vizag Port has decided to provide 11 acres to the Container Corporation of India Ltd (Concor) to set up an inland container depot (ICD) in the port area. The land will be leased to Conc or for 30 years for an annual rent of Rs 85 lakh.

Ministry asks shipyards to diversify
THE Ministry of Surface Transport (MoST) has asked Indian shipyards to diversify and make full use of the changing fortunes in the global shipping industry.

Report on shipping industry released
I-MARITIME Consultancy Private Ltd has brought out an investment summary on the country's shipping sector. The summary is divided into two parts -- market and company analysis. The market analysis presents an overview of the global economic scen ario, including the Indian situation. A number of graphs and tables has been used to describe the state of the tanker, dry bulk and other markets and how the financial markets respond.

Cabotage relaxation move -- Foreign ships to ply the coast
AS THE Union Government initiates moves to convert the Jawaharlal Nehru port and the Chennai port into container hubs, there is a parallel initiative to relax the Cabotage Law, at least partially, to allow foreign flag vessels to ply along the coast with containerised cargoes and load/unload them at more than one port.

To cement road-rail ties... -- SER plans `piggy-back' service from Shalimar terminal
SOUTH Eastern Railway (SER), often called the blue-chip division of the Indian Railways, is a premier freight carrier, accounting for nearly 40 per cent of the originating freight traffic of Indian Railways (IR). In a bid to benefit the local trade and i ndustry, and also strike a healthy relationship between road hauliers, truck operators and the railway system, the SER is now exploring the feasibility and viability of organising a `piggy-back' service from its freight terminal at Shalimar, situated on the west bank of the river Hooghly.

For cruise vessels, it's Kochi ahoy!
THE COCHIN port seems to be shedding its traditional role as an infrastructure facilitator. It is becoming a marketer by providing facilities to cruise vessels. Adding to its series of business development endeavours, the port has embarked upon plans to project itself as a major cruise destination on the east-west international sea route, recognising the growing prospects of cruise traffic touching Kerala.

Haldia Dock Complex -- No smooth sailing to autonomy
THE issue of delinking the Haldia dock complex (HDC) from the Calcutta Port Trust (CPT) and reconstituting it into a separate major port has surfaced again, after 1975-1976.

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