ICRA Report on Indian Ports Sector:
Traction in Inland Waterway projects will open up several business opportunities for the port sector players; Iron ore and POL support overall volumes as coal volume growth continues to plummet.
Port sector players will continue to experience healthy growth in cargo in the near term, albeit somewhat lower compared to the recent fiscals, as revival in iron ore exports and pick up in POL volumes as well as impetus for coastal shipping will be partially offset by lower coal imports following the increase in coal production by Coal India Ltd and slowdown in container volumes due to weak exim trade (read more)
Qatar Airways may start domestic airline in India:
State-owned carrier of Qatar, Qatar Airways, will start a new domestic airline in India, its Chief Executive Officer Akbar Al Baker announced on Wednesday.
While he did not elaborate on the plans, Al Baker, responding to media queries at an event in Berlin, said the airline would partner with his government’s investment arm, Qatar Investment Authority, and soon make an application to the Indian government for approval (read more)
Seized Indian cargo dhow in vicinity of Hobyo, Somalia: EU naval force:
An Indian registered cargo dhow, which was hijacked by suspected Somali pirates on April 1, is now in the vicinity of Hobyo, the EU Naval Force said on Monday.
“EU Naval Force can confirm that an Indian registered cargo dhow was seized by suspected pirates on 01 April and is now in the vicinity of Hobyo, Somalia,” a statement on its website said. This is the first time the force has given a location for the vessel.
“An EU Naval Force maritime patrol aircraft has confirmed the exact location of the dhow and has attempted to establish radio communications but without success,” the statement added (read more)
UDAN Scheme Will Breathe Life into Disused Airfields: Air Deccan Founder:
BY GR Gopinath
It was in this atmosphere of feverish positive change that the idea of Air Deccan came to me. Chandrababu Naidu, the then Chief Minister of undivided Andhra Pradesh, asked me to start a daily flight from Hyderabad to Vijayawada and Rajahmundry, instead of a one-off flight through helicopter charter service, which we were operating. Several politicians and ministers of the country, who availed our charter service, began to ask why I wasn’t starting a regular service to tier III cities like Hubli and Belgaum or Kolhapur, or Dehradun.
However, the first clear cut thought of starting a low-cost airline came to me thousands of miles away from home. I was strolling around the lounge of the Phoenix airport in the US when I saw a plaque, announcing the airport handled 1,000 flights and 100,000 passengers a day (read more)