March 2021 Highlights In Logistics Business

March 2021 Highlights In Logistics Business
  • Prime Minister Modi launches a real-time vessel tracking system that can help fishermen in the times of need at the inauguration in Maritime India Summit 2021.
  • Shipping Secretary Sanjeev Ranjan said the Ministry had prepared a compendium of a bunch of 400 investable projects, requiring a total investment of over 2 lakh crore during the summit.
  • Shipping Corporation of India Ltd (SCI) plans on buying a second-hand very large gas carrier (VLGC) costs around $45-55 million due to the growing demand for cooking gas in India.
  • India: Cargo volumes down 6.6% at State-owned ports in FY21 and Thermal Steam coal volumes declined 16.72 per cent to 68.719 mt (82.512 mt)
  • Shapoorji Pallonji Group is said to have initiated moves to exit and sell its majority holding in Gopalpur Ports Ltd.
  • As part of the Maritime India Summit 2021, Cochin Port Trust has signed three MoU’s for developing a Free Trade Warehousing Zone
  • Indian seafarers body NUSI has signed six pacts worth Rs 225 crore with shipping regulator DGS ahead of a 3-day virtual Maritime India Summit, scheduled to commence, according to a statement. These pacts with the Directorate General of Shipping (DGS) include a financial assistance for COVID-19 vaccination and investments in training in skill development to seamen, the National Union of Seafarers of India (NUSI) said in the statement.
  • West Container Terminal opened for development by India and Japan. Sri Lanka on Tuesday said it will develop the West Container Terminal at Colombo Port along with India and Japan, in a 360 degree-policy turn.

(News Credits: Indian Transport & Logistics news)

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