Fire breaks out at VCTPL
NewsA fire at Visakhapatnam Container Terminal originated from a container with lithium batteries and was quickly controlled with no injuries or major damage.
Cash for Kakinada
India’s Infrastructure Development Finance Corporation (IDFC) has approved a long-term loan of Rs1.15 bill (US$25 mill) to Kakinada Sea Ports Ltd (KSPL) to help it achieve financial closure on its five-year-old port development project.
Larsen and Toubro of India, Konsortium Logistik Bhd of Malaysia and Salgaokar Mineral Industries Ltd each have a 26 per cent share in KSPL, with the balance held by financial institutions.
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This complete item is approximately 210 words in length, and appeared in the September 2004 issue of WorldCargo News, on page 15. To access this issue download the PDF here.
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