A number of Indian stevedoring companies have expressed interest in taking a stake in Vizag Seaport Ltd (VSPL), a joint venture set up to build and operate two multi-purpose berths at Visakhapatnam Port in south India.
VSPL has hitherto been promoted jointly by construction company Gammon India Ltd and Portia Management Services, an arm of UK-based Mersey Docks & Harbour Company (see WorldCargo News April 2002, p11). Portia was due to take a 26 percent equity stake in VSPL but it has not done so to date and it is not clear whether it will now participate in the project....
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This complete item is approximately 290 words in length, and appeared in the July 2003 issue of WorldCargo News, on page 7.
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