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|  Businessman to sell 12% stake in CIAL  |    |  Shreyas Shipping & Logistics signs MoA to acquire one Multipurpose vessel  |    |  Bahri gets delivery of 39th VLCC, strengthens its leading position  |    |  Haicang Port sees 1H cargo rise 20.7% to 3.12 million TEU  |    |  Hong Kong airport first half cargo up 11.3% to 2.3 mt  |    |  Amsterdam Schiphol air cargo volume increases 9.8% in June  |    |  Cosco ports throughput jumps 14% in June to 7.4 million TEU  |    |  CSL proposes to issue IPO to finance infrastructure project  |    |  Jet Airways asks junior pilots to take 30% pay cut  |    |  Cambodian air cargo volumes increase 34% in first half of 2017  |    |  Domestic airlines fly 20% more passengers in June  |    |  Private Greenfield airport at Karaikal to be ready by next June  |    |  Kakinada Container Terminal achieves record throughput on vessel  |    |  DHL Express expands presence in key industrial hub of Bhiwadi  |    |  Cathay Pacific & Cathay Dragon carry more cargo in June  |    |  Essar Bulk Terminal eyes 50% rise in cargo handling in fiscal 2018  |    |  Jet Airways to start more domestic flights for monsoon  |    |  SpiceJet to connect Hyderabad-Puducherry under UDAN routes  |    |  Govt. approved allocating 2.5% of Road fund for NW  |    |  Kandla Port awards channel maintenance dredging contract  |   
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Bahri gets delivery of 39th VLCC, strengthens its leading position
Bahri, a global leader in transportation and logistics, has further expanded its multipurpose fleet with the addition of ‘ASLAF’, a 300,000 Deadweight tonnage (dwt) carrier built by Hyundai Heavy Industries (HHI) in South Korea. Bahri took delivery of the new vessel at HHI’s Mokpo shipyard in South Jeolla Province, South Korea, bringing the number of VLCCs in its fleet to 39 while increasing its t ...
Amsterdam Schiphol air cargo volume increases 9.8% in June
Amsterdam Airport Schiphol saw cargo volume rise 9.8% year on year in June, while the number of freighter flights rose 3.9%. In the first six months of the year, cargo volume at the airport increased 8.7%, and the number of air transport movements climbed 4.9% year on year. In June, passenger numbers grew 7.1% to reach 6.1 million. This figure was the result of 3.8% more flight movements, larger aircraft and an ...
CSL proposes to issue IPO to finance infrastructure project
The Cochin Shipyard Limited (CSL) has embarked upon two major infrastructure expansion projects - International Ship Repair Facility at a cost of INR 970 crore and construction of new Dry Dock with a cost of INR 1799 crore. In order to finance these projects it has proposed to issue Initial Public Offer (IPO). The entire proceeds of the funds raised through IPOs will be used for partial funding of the projects. ...
Minister hints at 500 km new road projects in TN this year
There is potential to award over 500 kilometer (km) of new road projects at an estimated cost of INR 10,000 crore in Tamil Nadu in the current year, according to Minister of State for Road Transport, Highways and Shipping, Pon Radhakrishnan. The estimate by the Minister followed a review meeting of National Highway projects in the State, and the status of various issues relating to award of contract such as clearan ...
Kandla Port awards channel maintenance dredging contract
Kandla Port Trust (KPT) has awarded Van Oord the contract to keep the approach channel to the Port up to depth for the next three years. The approach channel is a crucial gateway to Kandla Port, the country’s leading Major Port. The dredging activities will commence this month, said a release. Ton van der Burg, South West Asia Area Manager said that "We are very happy to win this project after ha ...
Govt. approved allocating 2.5% of Road fund for NW
The Government recently approved allocation of 2.5% of the Central Road Fund for National Waterways (NWs) that would result in about INR 2,000 crore proceeds per annum for their development. Parliament last year had enacted National Waterways Act, 2016, for developing and maintaining the existing five NWs and 106 new NWs across the Country. An official said in statement, “The Union Cabinet has accorded it ...
Railways biggest govt. litigant with over 66,000 cases
The railway ministry is the biggest litigant among the government departments as it is a party to over 66,000 cases pending in courts across the country, the law ministry says. Government litigation includes service matters, disputes with private entities as well as disputes between two government departments and two PSUs, according to a law ministry document of June 2017. Citing data available on the LIMBS &md ...
Air India Express plans to expand fleet
A senior airline official said that Air India Express is preparing a 10-year vision document as it looks at expanding its fleet and flying to more foreign destinations. The plan is being prepared amid the government working on a road map for disinvestment in Air India, the debt-laden parent of the low-cost carrier which remains bullish on growth prospects. While the national carrier has been in the red for long ...
IRB Infra reaches financial closure for INR 2,088 cr road project
The company said in the statement, Udaipur Tollway Private Limited, a Special Purpose Vehicle (SPV) of IRB Infrastructure Developers has achieved financial closure for its Udaipur – Gujarat Border 6 Laning BOT project that is had bagged last year by offering the premium of INR 163.80 crores to NHAI. After achieving the financial closure, the SPV can commence construction soon. The total project cost is IN ...
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