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Tag Archives: Ports

QICT, Maersk evading billions of rupees sales tax with SRB connivance?

KARACHI: Top officials of Sindh Revenue Board (SRB), Qasim International Container Terminal (QICT) and M/s Maersk Pakistan (Pvt) Ltd are allegedly involved in country’s biggest ports and shipping scandal worth billions. SRB’s active connivance with QICT and Maersk is suspected as it is not taking any action against these companies for evading billions of rupees sales tax. Sources said QICT ... Read More »

Evidence surfaces on PQA’s Asad Chandna involvement in multi-billion demurrage scam

KARACHI: Documents have surfaced hinting at possible involvement of Port Qasim Authority (PQA) chairman Asad Rafi Chandna in the multi-billion demurrage and detention scam as his intentional inaction on the issue even after an agreement leads to suspect his full connivance with Qasim International Container Terminal (QICT) CEO Junaid Zamir in the whole scam. Credible source has provided Customs Today ... Read More »

Customs issues notice to Maersk for cancellation of license; goods loaded may not reach Pakistan

KARACHI: Model Customs Collectorate of Preventive, Karachi has issued a notice to M/s Maersk Pakistan (Pvt) Ltd as it started the process to cancel license of the company for sheer violation of the Customs Act 1969 and SRO 1220(I)/2015. Maersk Line and its subsidiary M/s Maersk Pakistan (Pvt) Ltd kept on harassing and blackmailing importers to get additional demurrage and ... Read More »

Maersk lines, QICT to be booked in criminal cases, face closure

KARACHI: Importers said that Maersk shipping line, its subsidiary in Pakistan, M/S Maersk Pakistan (Pvt) Ltd and Qasim International Container Terminal (QICT) are robbing them of billions of rupees through criminal breach of trust, cheating and threatening. Importers have decided to book the shipping line and QICT in criminal cases due to which Maersk and QICT could face complete closure ... Read More »

Nigeria Customs wins 2017 Ships, Ports, Maritime Championship

ABUJA: Finalists in this year’s Ships, Ports and Maritime Football Championship, which ended at the National Stadium Lagos at the weekend got N1 million each in the completion won by the Nigerian Customs Service. The Customs Service, who are the defending champions, defeated Nigerian Navy 2-0 to retain their title. In the final game watched by a crowd of industry ... Read More »

Govt to invest Rs 25 lakh crore in inland waterways, ports

BHUBANESWAR: Announcing the Centre’s plans to inject Rs 25 lakh crore to strengthen inland waterways, ports and rail-road links, Union Minister Nitin Gadkari today said these projects will create four crore jobs as the focus of the NDA government is to uplift the poor. “Our aim is to develop rail-road connectivity, inland waterways and ports. A host of projects are ... Read More »

Ports, coastal police exempts from prohibited list under coastal regulation zone

NEW DELHI: All foreshore facilities which are exclusively for ports and harbour infrastructure like drydocks, shipbuilding and repair yards are permissible under coastal regulation zone (CRZ), the government said today. Under the CRZ notification, 2011, setting up of new industries and expansion of existing industries within such Zones is prohibited. Issuing a clarification to end the ambiguity over the meaning ... Read More »

South Africa ports competition watchdog fines $8.5m Japanese shipping firm

CAPE TOWN: South Africa’s competition watchdog has recommended Japanese shipping firm Nippon Yusen Kabushiki Kaisha Ltd (NYK) pay a 104 million rand ($8.5 million) penalty for price-fixing and collusion in the transport of cars. The Competition Commission said on Tuesday NYK had admitted guilt and agreed to pay the fine after an investigation into collusion involving several shipping firms. “The ... Read More »

Ports, Patriots on point in quarterfinal win

BENNINGTON: In sports, there are moments that define a game, maybe even a season. For Mount Anthony softball and pitcher Baylee Ports, that moment came in the second inning of Friday’s quarterfinal against Missisquoi’s cleanup hitter Alexis Billado. Billado and Ports battled as the Thunderbird fouled off pitch after pitch against the MAU senior. On the 12th pitch of the ... Read More »

12th European Sea Ports Conference in Athens focuses on ports’ role in sustainable energy

ATHENS: Piraeus port hosted of the 12th European Sea Ports (ESPO) Conference was held for the first time in Greece from May 21 to 22. The themes of this year’s annual meeting was the significance of energy to ports, the role of ports in changing the energy policy framework, and on ESPO’s position on the review of the European Commission’s ... Read More »

Most of UK’s ports developing cruise facilities

LONDON: With the popularity of cruises continuing to grow in Britain, many of the UK’s ports are developing cruise facilities, with departures possible from more than just the south coast terminals. With four terminals this is Britain’s most important cruise port. There is virtually no limit to where you can sail: north Europe and the Arctic; The Mediterranean – east ... Read More »

Ports, Customs and Free Zone Corporation establishes P&O ports to focus on port sector opportunities

DUBAI: Ports, Customs and Free Zone Corporation (PCFC), today announced the establishment of a new company, P&O Ports, focused on developing and operating medium-sized, multi-purpose ports worldwide.  P&O Ports is wholly owned by the Government of Dubai as a subsidiary of PCFC. The new company, specialized in developing and operating marine and inland ports in markets with a need for ... Read More »

Indonesia plans new reforms in pre-customs clearance to boost port efficiency

JAKARTA: Indonesia is planning reforms in the pre-customs clearance process at major seaports as part of President Joko Widodo efforts to reduce its high logistics costs and improve efficiency at the ports, local reports said. Transportation Minister Ignasius Jonan was quoted as saying that he would undertake efforts to improve efficiency at Indonesian seaports, so that the government would meet ... Read More »

Indonesia plans new reforms in pre-customs clearance to boost port efficiency

JAKARTA: Indonesia is planning reforms in the pre-customs clearance process at major seaports as part of President Joko Widodo efforts to reduce its high logistics costs and improve efficiency at the ports, local reports said. Transportation Minister Ignasius Jonan was quoted as saying that he would undertake efforts to improve efficiency at Indonesian seaports, so that the government would meet ... Read More »

Indonesia eyes $7b foreign investment for ports expansion

JAKARTA: Indonesia is seeking US$7 billion in foreign investment to upgrade its ports as part of a five-year, Rp5,519.4 trillion (US$429 million) plan to improve its ports network, Finance Asia said. The plan involves modernising existing ports and building new ones in the country, which is southeast Asia’s largest economy and the largest archipelago in the world. It is being ... Read More »

Indonesia plans new reforms to boost ports efficiency

JAKARTA: Indonesia government is planning reforms in the pre-customs clearance process at major seaports as President Joko “Jokowi” Widodo seeks to reduce the nation’s notoriously high logistics costs. Transportation Minister Ignasius Jonan said here the other day that he would undertake efforts to improve efficiency at Indonesian seaports, so that the government would meet the new dwelling-time target set by ... Read More »

Indonesia plans new reforms to boost ports efficiency

JAKARTA: Indonesia government is planning reforms in the pre-customs clearance process at major seaports as President Joko “Jokowi” Widodo seeks to reduce the nation’s notoriously high logistics costs. Transportation Minister Ignasius Jonan said here the other day that he would undertake efforts to improve efficiency at Indonesian seaports, so that the government would meet the new dwelling-time target set by ... Read More »

Senate Committee on Ports and Shipping presents three-year performance report

ISLAMABAD: The Senate Standing Committee on Ports and Shipping presented its performance report spreading over the last three years before the members of the committee. A well-placed source in the Ministry of Ports and Shipping told Customs Today that the committee had sought a detailed report regarding the implementation on its recommendations by the ministry and attached departments. Moreover, the ... Read More »

Indonesia’s Pelindo II needs $1.6 billion to built 5 ports by 2019

JAKARTA: Indonesia Port Corporation II, a state-owned port operator, says it needs Rp 14 trillion ($1.6 billion) to build and develop five ports across Indonesia by 2019. The operator known as Pelindo II is planning to build three ports this year, namely in Sorong, Kijing and Tanjung Carat. Meanwhile, development of two other ports, in Bojonegara and Cirebon, is scheduled ... Read More »

Indonesia’s Pelindo II needs $1.6 billion to built 5 ports by 2019

JAKARTA: Indonesia Port Corporation II, a state-owned port operator, says it needs Rp 14 trillion ($1.6 billion) to build and develop five ports across Indonesia by 2019. The operator known as Pelindo II is planning to build three ports this year, namely in Sorong, Kijing and Tanjung Carat. Meanwhile, development of two other ports, in Bojonegara and Cirebon, is scheduled ... Read More »