Tuticorin Port Signs MoU with CWC
India's V.O. Chidambaranar Port Trust, Tuticorin and Central Warehousing Corporation (CWC) have signed a Memorandum of Understanding (MoU) for facilitating Direct Port Entry (DPE) of e-sealed factory stuffed export container tothe port under âEase of Doing Businessâ.With this MoU, Central Warehousing Corporation would make use of the 18,357 sqm area earmarked in the Truck Parking Terminal located opposite to Fisheries College, Tuticorin for operating and managing the Direct Port Entry (DPE) facility for 30 years on Annual Lease Rental basis.DPE facility would enable direct movement of containers from factories without intermediate handlingâŚ
SCI Floats JVs To Foray Into New Ventures
RTTNews reported that Shipping Corporation of India has floated four joint venture companies for its proposed foray into shipbuilding, container terminal operation, dredging and offshore services. The government-owned ship owner is in final negotiations with South Korean Hyundai Heavy Industries for the shipbuilding JV. The company has also inked with Mediterranean Shipping Company - MSC - along with two other public sector majors, namely, Container Corporation of India - Concor - and Central Warehousing Corporation - CWC - to set up container terminals. SCI disclosed that it has short listed three companies for the venture, in which Hyundai is one among them. SCI has already evinced interest in building two mega shipyards proposed by the government.
