Trasformer AD
Trasformer AD

First private container terminal NSICT wants to change course

Facebook
Twitter
LinkedIn
WhatsApp
Email

Nhava Sheva International Container Terminal Pvt Ltd or NSICT, India’s first private container terminal at a Central government-run port, has won the backing of an arbitration tribunal to switch to a revenue-share model from the royalty format.

NSICT is one of the two container terminals run by the Dubai government-owned DP World Ltd at Jawaharlal Nehru Port Trust (JNPT), India’s biggest container gateway.

The arbitration proceeding was initiated by NSICT as per the clauses of the concession agreement with JNPT in 1997 for a 30-year period.

Facebook
Twitter
LinkedIn
WhatsApp
Email

Subscribe to Our Newsletter

Share your views in comments

AR-627903_Web banner_Maritime Gateway_300x200

Gateway Media Private Limited
Join Our Newsletter

Latest Issue