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Published: March 2002      

P&O Ports out in the Kochi cold?

India's federal Ministry of Shipping is seeking Cabinet approval for rejection of the lone financial bid submitted by the P&O Ports in 1999 for the Vallarpadam container transhipment terminal project in the southern port of Kochi.

The move is deemed necessary in order to avoid any legal wrangling arising from the rejection of the P&O Ports bid three years after its submission. As reported in last month's issue of WorldCargo News (p9), fresh bids are to be invited for the Rs 18.7 bill (US$384 mill) project, but the Ministry of Shipping has not yet decided whether to ban P&O Ports from participating in a new round of tendering....


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Approx 324 words from WorldCargo News, March 2002, page 4.

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