Shipping
Sinha scraps 5 pc customs duty on ships import
IT'S celebration time for the beleaguered domestic shipping industry. The storm clouds that had gathered in the wake of the Budget proposal to impose a customs duty of 5 per cent on import of ships was dropped by the Finance Minister, Mr Yaswant Sinha, o n Wednesday in the face of a spirited opposition from the shipping companies.

No takers for Gloria Kopp
DESPITE coming up for auction thrice by the Chennai Customs, there seems to be no takers for Gloria Kopp, alias Kobe Queen I, also called the `phantom ship'. The vessel has been docked inside the Chennai port since early 2000.

ONGC rig sails off after repairs
ONGC's jack-up-rig, Sagar Shakthi sailed off from the Cochin Shipyard on Tuesday after major lay-up repairs.

Kakinada port registers 20 pc growth
THE Kakinada deep water port in Andhra Pradesh has registered a 20 per cent growth in traffic during 2000-2001, as compared to the previous year.

Transport
Kerala dues make oil cos cut supply
MOUNTING dues from State transport corporation and other Government establishments is compelling the oil companies in Kerala to cut the supplies of diesel by 50 per cent.

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