Essar Ports and Antwerp End Strategic Alliance

first_imgzoom Essar Ports and Belgium’s Port of Antwerp have mutually terminated their strategic alliance agreement signed back in 2012, India’s second-largest private port operator said in a stock filing.However, Essar Ports says that the companies will continue to work on the ongoing engagements which were initiated under the agreement.The alliance was aimed at structural and commercial collaboration in training and consultancy, port planning, raising the productivity and quality of logistics services and connections with the hinterland in India, and generating freight between the two regions.Port of Antwerp International UK, a subsidiary of the Port of Antwerp, invested EUR 25 million in the alliance with Essar Ports, aimed at raising the visibility of the Port of Antwerp in the Indian subcontinent.The alliance gave the Port of Antwerp an opportunity to mount targeted commercial initiatives to generate Indian freight bound for North-West Europe via Antwerp. Port of Antwerp International UK for its part obtained access to Essar’s port network.Port of Antwerp International UK was set up to participate and invest in overseas ports and port-related projects in strategic regions such as the Middle East, India, sub-Saharan Africa, the ASEAN countries and Brazil, as part of the port of Antwerp’s foreland policy.last_img read more

Toronto Raptors fall to Atlanta Hawks 125121

The Toronto Raptors played host to the Atlanta Hawks Friday night. The last time these two teams hooked up, the Raptors set their franchise record for biggest margin of victory beating the Hawks by 44 points.The Hawks won the tip off and Paul Milsap gets them on the board first with a finger roll.About seven minutes into the first period, the score was tied at 16, Dwight Howard picked up an airball and hammered home a dunk.About two minutes left in the second period, Atlanta wasn’t messing around and the Raptors got a little frustrated. The Hawks lead 69-52 at the halfway mark.Thirty seconds left in the game, the Raptors made it interesting getting within six points with less than a minute to go. The Raptors ran out of time and dropped the game, 125-121. read more