• 2007 March 27 11:49

    Concor (India), Gateway Rail ink deal for container terminal

    Container Corporation of India (Concor) and Gateway Rail Freight Pvt Ltd, a subsidiary of Gateway Distriparks, have entered into an agreement to set up a joint venture company to construct and operate a rail-linked double-stack container terminal at Garhi Harsaru near Gurgaon in Haryana connecting NCR to the western ports. Gateway Rail acquired a rail container operating licence last year.
    "The terminal would be built with an investment of Rs 70 crore, with an equity element of Rs 21 crore," said Mr R.K. Mehrotra, Managing Director, Concor. Gateway Rail and Concor will have shareholding in the ratio of 51:49 respectively in this venture. The depot is expected to be in place in one year, he said in a press conference here today.
    The terminal will be spread over an area of about 100 acres and will have a rail handling and transshipment terminal, an ICD, multiple container freight station, warehouse complex and a domestic cargo hub. It will also have a large warehousing complex for both bonded and transit cargo with separate facilities for cold storage, reefer containers and for domestic cargo. The move is aimed at consolidating cargo volumes of north India for double-stack container train operation on the diesel route from NCR to JN Port, Mundra and Pipavav using the Delhi-Rewari-Ringus-Phulera route. This terminal is likely to be connected to the proposed Western Dedicated Rail Freight Corridor, and have road links to the proposed Kundali - Manesar - Palwal (KMP) Expressway.
    It will also be developed as a hub for rail transport of cars and two-wheelers between north India and western, central, eastern and southern Indian locations. "With Maruti's plans to export about three lakh cars every year, we are eyeing that traffic and we are in talks with various automobile firms including Maruti," Mr Mehrotra said. Concor, which had entered into an agreement with NYK Liner for offering automobile services with specially designed wagons, stated that the joint venture company would supplement the agreement with NYK. "Our MoU with NYK allows us to get additional strategic partners as well," he said.
    On whether Concor is talking to Pipavav Rail Corporation (another company with rail container operations licence), which has specially designed containers to be able to move more cars in a rake, Mr Mehrotra said, "We are open to talks with everybody including Pipavav Rail."
    Other container operators would be allowed to use the terminal facilities depending on capacity availability, Mr Gopinath Pillai, Chairman, Gateway Distriparks said, declining to divulge the access charges.
    The terminal will cater to the industrial areas of Delhi, Bijwasan, Gurgaon, Manesar, Dharuhera, Bawal, Hissar, Sonepat, Panipat in Haryana and Bhiwadi, Neemrana and Behror in Rajasthan. The terminal will also facilitate the export-import traffic from the proposed Haryana SEZ.
    Gateway Rail has already placed order for two rakes (each rake consisting of 45 wagons), one of which is expected to be delivered within two weeks, Mr Pillai said.
    This agreement replaces the existing agreement between Concor and Gateway Distriparks on train operations from ICD Garhi Harsaru. Gateway Distriparks has an operational rail-linked ICD at this location. Currently, Concor provides rail connectivity to this ICD. The operation of this ICD will be taken over by the joint venture company. Rail operations will now be done jointly by Gateway Rail and Concor.

2019 April 21

15:38 WheelHouse names Ian Morris as Vice President of Operations
14:34 CMA CGM to implement FAK rates from West Med, Adriatic, Black Sea and East Med to Far East, Middle East Gulf and Red Sea
12:37 USCG offloads 970 pounds of cocaine and 550 pounds of marijuana
11:31 CMA CGM hikes rates on Asia to Kenya, Tanzania service
11:07 Kinder Morgan raises dividend by 25%, announces Q1 2019 results

2019 April 20

16:31 CMA CGM announces FAK rates for Asia - the Middle East Gulf trade
15:02 MOL pledges support for Mozambique in wake of devastating cyclone
14:42 USCG Cutter Waesche crew returns home after 95-day counter-narcotics patrol
13:27 CMA CGM announces FAK rates for Asia to Pakistan / India / Sri Lanka trade
13:12 Carnival Cruise Line, CFVI unveil revitalized Griffith Park in St. Thomas for local children
12:26 BC Ferries celebrates Earth Day with the return of the Spirit of Vancouver Island
11:04 Certification of Arkona offshore wind farm by DNV GL confirms safe and reliable power supply
10:49 Navios Maritime Acquisition Corporation announces $103.2 million sale and leaseback transaction
10:38 Boskalis acquires EUR 75M dredging contracts in Indonesia

2019 April 19

18:07 Keppel posts net profit of S$203M in 1Q 2019
17:28 Passenger Port of Saint-Petersburg to complete Phase 1 of Berth No7 reconstruction in summer 2019
17:04 Saudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’
16:57 BAE Systems Jacksonville secures Navy's conntract mod for DDG 117
15:04 Hyundai LNG Shipping announces order for one VLGC at HHI
14:55 Marina for 100 yachts to be built in Feodosia by Firm “TES” LLC
14:10 C-Fenna successfully completes Fugro 1200 jackup towing operations
13:32 ESPO congratulates Port of Huelva for renewing EcoPorts’ environmental management standard
13:07 Spirit of Vancouver Island vessel returns to service after mid-life upgrade including conversion to natural gas
12:44 New High Bay Container Storage system launched as “BOXBAY”
12:10 ABS teams with industry leaders to improve container vessel safety
11:39 Port Arthur LNG receives FERC authorization for export project in Texas
11:08 Dual-fuel AET tankers conduct maiden LNG bunkering
10:43 Largest barge of Azerbaijan Caspian Shipping Company undergone overhaul
10:19 Brent Crude futures price is down 0.04% to $71.95, Light Sweet Crude – up 0.38% to $64
09:56 Bunker prices are sable at the port of Saint-Petersburg, Russia (graph)
09:35 TransContainer’s transportation volumes in Q1’2019 increased by 7.7% Y-o-Y to 492,000 TEUs
09:17 Baltic Dry Index is up to 790 points
07:42 GTT receives an order from DSME for the tank design of a new LNG carrier

2019 April 18

18:36 South Stream Transport B.V. and Saipem announce the amicable settlement of mutual differences
18:06 Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm
17:36 WinGD reports strong first quarter 2019
17:11 Launching ceremony held for eighth shallow-draft barge of Project ROB20
17:05 SOFEC completes engineering, supply and delivery of mooring system
16:26 Port of Murmansk to welcome eight cruise liners in summer season of 2019
16:05 Cooperation agreement between Eimskip and Royal Arctic line approved by the Icelandic Competition Authority
15:44 Navios Acquisition announces $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers
15:12 Nefteflot laid down two barges of Project RDB12 ordered by STLC
15:10 MOL to acquire strategic stake in six group companies, each owning a Very Large Ethane Carrier
14:40 Port of Rotterdam freight throughput grows by 5.1% in first quarter of 2019
13:44 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:03 Biggest European shipbuilders collaborate on vessel connectivity in project Code Kilo
12:49 NOVATEK reports preliminary operating data for the first quarter 2019
12:13 Frontex, EMSA and EFCA open second annual European Coast Guard Event
11:51 RF Navy’s Northern Fleet takes part in combat training missions as part of final check for winter training season
11:27 ASCO took part in TransRussia-2019
11:00 ZIM joins to blockchain shipping solution TradeLens
10:44 Shareholders agreement on construction of Lavna terminal signed under Murmansk Transport Hub project
10:28 Brent Crude futures price is up 0.1% to $71.69, Light Sweet Crude – up 0.09% to $63.82
10:09 ABS teams with industry leaders to improve container vessel safety
09:53 Keppel secures integration and upgrading contracts worth around S$160 million
09:37 Tri-City ports take part in Seatrade Cruise Global
09:36 Bunker Market this morning, April 18
09:15 Baltic Dry Index is up to 767 points

2019 April 17

19:00 SMS Towage’s Humber fleet adds new tug
18:36 CMA CGM has announced FAK rates from Asia to North Africa