First private container terminal NSICT wants to change course

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.