Thiruvananthapuram: With Vizhinjam International Seaport set to commence export-import (EXIM) cargo operations from Tuesday, Mediterranean Shipping Company (MSC) has announced the terminal handling charges and initial services that will be available from the port. The tariff announced by MSC provides a clear indication of the cost structure for cargo moving through the port. For dry…
Thiruvananthapuram: Chief minister V D Satheesan on Friday reiterated that state govt hadn’t granted any approval or taken any decision permitting the proposed transfer of shares in Adani Vizhinjam Port Pvt Ltd to MSC Group.While responding to a letter from opposition leader Pinarayi Vijayan over the issue, Satheesan said Clause 5.3 of concession agreement signed…
Thiruvananthapuram: Adani Ports and SEZ (APSEZ) CEO Ashwani Gupta has said that Adani Ports will continue to control the Vizhinjam port after the share transfer involving MSC Group is completed. Adani Group will retain the majority stake, he said in a statement.MSC Group’s subsidiary, Terminal Investment Ltd (TiL), has entered into a definitive agreement with…
T’puram: Adani Ports and SEZ Ltd will submit a detailed letter to state govt explaining the terms and conditions under which MSC Group acquired a 49% stake in Adani Vizhinjam Port Ltd. The Switzerland-based company, through its port operating and terminal management subsidiary TIL, had acquired a 49% stake in Adani Vizhinjam Port Pvt Ltd…
