Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
A consortium of Mumbai-based JM Baxi Group and CMA CGM subsidiary CMA Terminals has emerged as the highest bidder for a 30-year concession to privatise Nhava Sheva Port (JNPT)’s oldest container terminal, JNPCT.
The bids were opened this morning, according to port sources.
They also said the winning consortium had offered a revenue share (royalty) of Rs4,520 ($57) per teu for the landlord authority.
“[Qatar-backed] QTerminals became the second-highest bidder with an offer of Rs4,235 a teu.”
A port official told The Loadstar: “With a ...
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