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Dec 13, 2004

INDIA - Chennai port holds decision to cut charges for Hyundai cars

Chennai,India - The Hindu Business Line, by P. Manoj - Dec. 11 2004 - THE Chennai Port Trust has decided to put on hold its earlier decision to cut the wharfage charges and vessel-related charges for export of Hyundai cars through the port, after the South Korean car maker back-tracked on certain conditions that were linked to these concessions....
Besides, it has also back-tracked on the earlier commitment to bring in two additional automobile carriers which can also load trucks. This would have helped the port to attract other similar cargo like trucks manufactured by Ashok Leyland and Volvo....

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