May 28, 2004 |
NEW DELHI: The government will by June-end decide on awarding the third container terminal at Jawaharlal Nehru Port, near Mumbai, to Maersk-Concor consortium and the Kochi box terminal to Dubai Port Authority. "We could not award the contract in April due to Election Commission forcing model code of conduct. Now that a new Government is in place, we have briefed the new Shipping Minister T R Baalu and a decision is likely by June end," Shipping secretary D T Joseph said at a CII conference on logistics network in India.
April 16, 2004 |
NEW DELHI: Nationalist Congress Party (NCP) leader Sharad Pawar's attempts to turn the Maersk bid for the Rs 1,000-crore third container terminal at Jawaharlal Nehru Port Trust (JNPT) into a poll issue is unfounded, feel shipping ministry sources. Mr Pawar's remark that Maersk has quoted a "pittance" as revenue share to the Port is at variance with the actual bids received by the the ministry of shipping in a transparent bidding process for the award of contract, which involved 12 bidders at the start.
March 22, 2004 |
NEW DELHI: Sea King Infrastructure, the erstwhile promoter of Gujarat Pipavav Port, appears to have settled an old dispute with the Gujarat government, by agreeing to pay its dues to the state, through an escrow account, which will secure all receivables arising out of its recent Rs 743-crore deal with Danish group Maersk. Sea King promoter Nikhil Gandhi recently struck a deal with Maersk, to sell out its entire stake in the port company. But the Gujarat government wanted the Foreign Investment Promotion Board to clear the deal only when its dues were cleared.
March 12, 2004 |
MUMBAI: The joint venture between Maersk India and Container Corporation of India (Concor) has won the mandate to build and operate the third container terminal at Nhava Sheva. Maersk-Concor was the first with their 35.503% bid when the Jawaharlal Nehru Port Trust (JNPT) opened the financial bids today. The percentage means the gross revenues that will have to shared with the landlord port JNPT. United Liner Agencies (ULA)-Hamburg Port came second with their 31.888% bid, while the Port of Singapore Authority (PSA)
December 23, 2003 |
MUMBAI: Maersk India is close to inking a mega deal to take over management control of Gujarat Pipavav Port (GPPL) from the initial promoters ? Sea King Infrastructure (SKIL). Maersk is expected to invest around Rs 250 crore to pick up an additional 16% stake, taking its total tally to 30%. The Infrastructure Development Finance Corporation- (IDFC) promoted India Development Fund (IDF) will invest around Rs 125 crore, while insurance major, New York Life, will put in around Rs 50 crore to pick up minority stakes in the company which runs India's first private port.
December 3, 2003 |
MUMBAI: Three foreign bidders ? consortiums led by Maersk, Port of Singapore Authority and Evergreen-Marubeni ? have emerged as frontrunners for JNPT's third container terminal. The last minute pullout by CDC of UK and Nikhil Gandhi's Seaking Infrastructure from their respective consortiums ? led by JM Baxi and the French CMA-CGM ? has meant that these bidders might be disqualified. Of the eight consortiums in the fray, three bidders ? Westport of Malaysia, SSA of the US and NYK of Japan ?
August 20, 2003 |
CHENNAI: CG Maersk Technologies, a JV between Crompton Greaves and Maersk Data, has made a strong foray into telecom by developing a suite of products for 3G mobile communications. The company, which set up its telecom division during the second half of 2002, has come out with five telecom products based on 3GPP Release 5 specifications. With the development of these products, CG Maersk has become one of the few telecom software companies from India to have made inroads into 3G mobile market in Europe.
June 16, 2003 |
MUMBAI: Kandla Port Trust's second attempt at building a container terminal has attracted about a dozen players, including four foreign companies ? Maersk, Skanska Abot AB, Van Oord Acz and Samudra Shipping (Singapore). A few months ago, KPT had floated a tender to finalise a port operator. Indian companies which had shown interest include Larsen & Toubro, Shreyas Shipping, Seaways Shipping, United Liner Agency and Gammon India, among others. According to KPT chairman A K Joti, the first round of pre-bid meetings are over.
June 14, 2003 |
MUMBAI: The second attempt by the Kandla Port Trust (KPT) to build a container terminal has attracted a dozen players, including four foreign companies ? Maersk, Skanska Abot AB, Van Oord Acz and Samudra Shipping (Singapore). A few months ago, KPT had floated a tender to finalise a port operator. The Indian companies which had shown interest include Larsen & Toubro, Shreyas Shipping, Seaways Shipping, United Liner Agency (a part of JM Baxi group) and Gammon India, among others.
June 10, 2003 |
MUMBAI: Maersk Sealand is close to hiking its holding in Gujarat Pipavav Port to 26% by acquiring a 12% stake for around Rs 300 crore. A large portion of the 12% stake will be bought from the Nikhil Gandhi-owned Sea King Infrastructure (SKIL), which currently holds 38% equity in the company. Although, both entities have yet to agree on the pricing, sources said the final price will be in the range of Rs 55-60 per share. A memorandum of understanding between senior Maersk officials and Mr Gandhi is believed to have been inked a few days ago. After the deal, AP Mollar and SKIL will hold 26% each in GPPL.