Chennai Port signs pact with Canadian port

Wednesday, 28 January 2009, 10:08 Hrs
Printer Print Email Email
Chennai: Chennai Port and Canada's Port of Halifax have signed an agreement for cooperation in port management activities, it was announced here Wednesday.

"The MOU (memorandum of understanding) will enable sharing of knowledge in managing ports and terminals," Chennai Port chairman K. Suresh told reporters.

According to Halifax Port chief executive and president Karen Oldfield, the pact is the first one it had signed with a South East Asian port.

Oldfield said 35 percent of the Canadian port's traffic is from South East Asia, and nearly a third of that is from India.

Agreeing that the global economic downturn has affected the port business, she said traffic from South East Asian countries has nonetheless gone up.

The container terminal at Halifax Port handles around 1.5 million TEU (twenty-foot equivalent units) and has the capacity to handle 2.5 million TEUs.
Source: IANS
SPOTLIGHT
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..