YEARS
Vol. LX No. 69 th FRIDAY 24 APRIL 2020
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National Shipping Board reconstituted; Malini Shankar to head the Board Rahul Modi, Shantanu Bhadkamkar, Anil Devli among the key Board Members NEW DELHI: The Government has approved reconstitution of the National Shipping Board to be headed by former Director General of Shipping Ms. Malini Shankar, IAS. The National Shipping Board (NSB) is the highest advisory body on matters related to Indian shipping including the development there of and on such other matters arising out of the Merchant Shipping Act. The Members of the Board include DG Shipping Mr. Amitabh Kumar, IRS, Joint Secretary Shipping,
Mr. Satinder Pal Singh, one representative each of the Indian Navy and Indian Coast Guard, not below the rank of Directors, National Union of Seafarers of India representative Mr. Abdulgani Serang, Maritime Union of India representative Mr. Amar Singh Thakur and National Ship Owners' Association representative Mr. Anil Devli. Coastal Container Transporters Association representative Mr. Rahul Modi, Indian Coastal Conference Shipping Association member Mr. Aditya Suklikar... Cont’d. Back Pg.
APM Terminals Mumbai steps up Shipping Ministry’s circular on to combat Covid-19 providing relief to port users is a positive move : Rajiv Agarwal MUMBAI: APM Terminals Mumbai also known as G a t e w a y Te r m i n a l s I n dia (GTI), has taken several steps to ensure safety of the employees and visitors at the terminal. The terminal is one of the five container terminals operating at Nhava Sheva’s Jawaharlal Nehru Port (JNPT). APM Terminals Mumbai has begun temperature screening for all who are entering the port, be it employees or outsiders. All Port users are being sensitized about COVID-19 and precautions to be taken like social distancing, sanitising the hands regularly, wearing protective mask etc to contain the spread of pandemic. Cont’d. Back Pg.
MUMBAI: Essar Ports, MD & CEO Mr. Rajiv Agarwal has supported the recent circular issued by the Shipping Ministry providing relief to port users by saying, “the new circular issued by Ministry of Shipping is a positive move in strengthening the sector and ensures equitable sharing of risks. Cont’d. Back Pg. Mr. Rajiv Agarwal
Milaha reports a 2% increase in Net Profit for Q1 2020 DOHA: Qatar Navigation (Milaha) Q.P.S.C. has announced its financial results for the three months ended March 31, 2020. Key financial highlights: • Operating revenues of QAR 690 million for the three months ended March 31, 2020, compared to QR 710 million for the same period in 2019 • Operating profit of QAR 200 million for the three months ended March 31, 2020, compared to QAR 216 million for the same period in 2019 • Net profit of QAR 283 million for the three months ended March 31, 2020, compared to QAR 278 million for the same period in 2019 • Earnings per share remained unchanged at QAR 0.25 for the three months ended March 31, 2020 and for the same period in 2019 Milaha Maritime & Logistics’ net profit decreased by QAR 11 million mainly due to lower freight forwarding volumes and project work. Milaha Gas & Petrochem’s net profit increased by QAR 69 million, driven by improved market rates benefitting both our wholly owned assets as well as our joint ventures and associates. Milaha Offshore’s bottom line decreased by QAR 60 million, with increased vessel impairments totaling QAR 74 million more than offsetting higher vessel utilizations. Milaha Capital’s net profit increased by QAR 5 million mainly due to gain on sale of land which offset lower dividend and held for trading portfolio income. Milaha Trading’s bottom line increased by QAR 1 million due to improved operating margins in our bunker and trading agencies units.
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