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DP World profits slide in 2009
Dubai's port operator DP World announced on Wednesday a 46.3-per cent slide in 2009 profits compared with the previous year, saying however the earnings were better than expected.
Parekh appointed DP World non-executive director
DP World has announced the appointment of Deepak Parekh as a non-executive director to its board with immediate effect.
Make in India: PMO likely to give final nod to cabotage relaxation in 15 days, says Nitin Gadkari
The Prime Minister's office will likely giv...
Fight for cabotage to be an uphill task for INSA
While the ministry plans to relax the policy, the ogranisation is finding its programmes and strategies stand completely exposed.
Dubai-based DP World to develop JNPT’s Rs 600-crore terminal
DP World has won the contract to develop the Jawaharlal Nehru Port Trust’sRs 600-crore container terminal in Navi Mumbai.
Mixed impact of strike on ports in Mumbai
Trade union leaders claimed that around 15 crore formal sector workers are on strike in support of their 12-point charter of demands.
Labour strike at Jawaharlal Nehru Port Trust terminal ends after executives' assurance
"The issue has been resolved. Normal operations will begin from tomorrow," Neeraj Bansal, deputy chairman at JNPT or Nava Sheva told ET.
Dubai's DP World sells 75 per cent Australia stake
Dubai ports operator DP World said Wednesday it has agreed to sell 75 percent of its stake in DP World Australia for 1.5 billion US dollars, as its debt-laden parent firm vies to reduce it liabilities.
Nitin Gadkari seeks finance ministry help to revive shipping industry
The shipping ministry’s demand comes at a time when the government is getting ready to present the Union budget at end of next month.
Maldives officials hold discussions with CPT officials
Paul Antony, Chairman Cochin Port Trust, hoped that the proposed 100 acre Free Trade Warehousing Zone(FTWZ)of Cochin Port could be ideal for this Maldivian trade opportunity.
Container handling charges at Vallarpadam to go down
A decision in this regard was taken at a meeting of various stakeholders, convened by the Cochin Port Trust yesterday, according to a port release.
DP World moves SEBI against Mundra Port
The international port operator DP World of Dubai, which owns and operates a container terminal at Mundra through P&O Ports, has approached stock market regulator SEBI with a string of complaints against Mundra Port & SEZ.
Dubai's DP World to invest $500 mn in India
Dubai's DP World plans to invest $500 million in India over the next two years to development infrastructure at its port operations in the South Asian country, including rail links and roads.
DP World to buy, expand ports in India
DP World is seeking to buy or expand port facilities in India and China as trade booms.
New tariff rules being mulled for port operators
It will examine whether these operators have really taken a hit on their profitability as they claim and whether they are resorting to handling lower level of traffic.