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Green Marine

about 19 years ago

Private operator seeks to rework contract for Tuticorin terminal

This is the first instance of a private container terminal operator seeking to re-negotiate a key term after it was awarded on a pre-agreed method. PSA-SICAL Terminals Ltd, the entity that operates India’s fourth largest container terminal, at the Union government-owned Tuticorin port, will seek gov

1 minutes read

This is the first instance of a private container terminal operator seeking to re-negotiate a key term after it was awarded on a pre-agreed method.

PSA-SICAL Terminals Ltd, the entity that operates India’s fourth largest container terminal, at the Union government-owned Tuticorin port, will seek government approval to shift from a royalty format to a revenue-sharing arrangement for the remaining 22 years of its 30-year contract that started in 1999.

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