K Line car carrier M/V 'HYPERION HIGHWAY' makes her maiden call to the Port of Hambantota, Srilanka. Port News K 'Line car carrier with a load of vehicles from Japan called at the Port of Hambantota, Srilanka recently, the company said in its press release. The vessel M/V 'HYPERION HIGHWAY' with an LOA of 199.5M and a cargo capacity of 7,700 units, discharged 523 units from Japan for domestic use. A plaque exchange ceremony was also organized on board between Sri Lanka Ports Authority (SLPA), the agents for the vessel M/V 'HYPERION HIGHWAY' ABC Shipping (Private) limited and the Master of the vessel, to mark the occasion and to commemorate the maiden call of M/V 'HYPERION HIGHWAY'. The Japanese owned shipping line, K Line's contribution towards the Port of Hambantota has seen an improvement compared to last year especially with the transshipment volumes from India to Gulf Ports.

Centre Mulling Dollar Debt to Fund Infra Projects New Indian Express The Central government is considering borrowing in US Dollars from financial institutions to fund major infrastructure projects like inland waterways and port infrastructure, according to Union Shipping Minister Nitin Gadkari. Delivering the Indian Maritime University’s second convocation address, Gadkari said that borrowing in rupees resulted in an interest rate of 12 per cent per annum from financial institutions while taking a loan in US dollars would result in only two per cent interest charge per annum. “We will be taking loans in dollars for key infrastructure projects like port infrastructure,” he said. This year, the government is planning to develop three major ports, including Colachel in Tamil Nadu, Sagar Island in West Bengal and Dahanu in Maharashtra. The government is also planning to develop 70 of the 1,300 islands as tourism hubs to create jobs for the youth. Logistics Chennai,International Freight Forwarders in Chennai, Custom Clearance Agents in Chennai , Checkout http://www.jupiterseaair.com