Visakhapatnam Port Authority sets unprecedented records in 2024
HIGHLIGHTS VPA records highest cargo handling in the month of May in its 90-year-long history The port discharged 22,35,891 metric tonnes of coal and coke in bulk, breaking its previous record Among...
View ArticleIndia mulls connectivity trial runs with ports of Middle East to drive...
India is exploring connectivity trial runs with Middle East; and the first phase would involve linking one port on the country’s west coast with its counterpart in West Asia. The trials, a part of the...
View ArticleParadip Port Authority achieves significant milestone
Paradip Port Authority has created history by successfully handling of the first reefer container in PICT berth, a JMBaxi facility. This is the first ever reefer container handled since the inception...
View ArticleModi’s re-election bid: Focus on manufacturing, infrastructure and global...
There is a strong pro–incumbency in favour of the Modi government. As per Exit Poll predictions, the majority of the citizens in India are satisfied with the Modi government and so they voted for Prime...
View ArticlePort sector urged to decarbonise entire chain of operations
Maharashtra Maritime Board on Friday urged public and private stakeholders in the port sector to collaborate in decarbonising the entire chain of port operations. Speaking at an industry event here,...
View ArticleAdani Ports handles 35.8 MMT cargo volumes in May’24
Adani Ports & Special Economic Zone announced that in month of May 2024, the company handled ~35.8 MMT of cargo volumes, which is almost flat YoY. Due to shutdown of the Gangavaram Port, APSEZ lost...
View ArticleCargo traffic across major ports rises over 3% to 72.04 mn tonnes in May
Cargo traffic across 12 major ports in the country increased by 3.75 per cent year-on-year in May to 72.04 million tones (MT) from 69.43 MT handled in the corresponding month of 2023 with nine such...
View ArticleModi plans business-friendly measures, eyes global manufacturing hub status
Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to...
View ArticleTotal Movements delivers petrochemical cargoes to East India
India-based Total Movements arranged for the delivery of two crystallisers and a dehydration tower from the east to the west coast of the country. The multimodal project saw Total Movements receive the...
View ArticleDGFT seeks insights on trade finance to enhance export competitiveness
The Directorate General of Foreign Trade (DGFT) is gathering information from various export bodies to evaluate the effectiveness of the government’s interest equalization scheme for exporters and...
View ArticleRefined Russian petro goods imports rise 14% in May
India’s import of refined products from Russia increased by 14% sequentially in May, while that of crude remained flat. Import of refined products increased to 164 thousand barrels per day (TBD) in May...
View ArticleMaersk Struggles with Port Congestion in Asia and Mediterranean
Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said in a statement on Monday. As a result of...
View ArticleNigerian ports shut down amid nationwide strike
The Maritime Workers’ Union of Nigeria (MWUN) has joined the indefinite nationwide strike in Nigeria which started on Monday, June 3, 2024, in response to the directive from the country’s main labour...
View ArticleKing Abdul Aziz Port sets new TEU record
King Abdul Aziz Port in Dammam has set a new record handling 292,612 TEU in May 2024. The port surpassed its previous record set in March 2024, when it handled 289,787 TEU. The port boasts an extensive...
View ArticleAfghanistan transit trade moving away steadily from Pakistan’s Karachi,...
It would be an understatement of first order to say that Pakistan’s economy is not doing well as it is actually in the ICU of IMF (International Monetary Fund). At present, if it has not collapsed and...
View ArticleVisakha Container Terminal sets new records with longest vessels handled
Visakha Container Terminal (VCTPL) of J M Baxi Ports & Logistics has achieved a historic milestone by handling the two longest vessels ever to berth at any Indian port on the East Coast. This...
View ArticleNew government to inherit strong economy, focus on making India developed...
India’s world record beating economic growth rate together with robust tax revenues, a fast expanding digital and financial infrastructure, and a strong manufacturing sector, will give the new...
View ArticleNetherlands emerges as India’s 3rd largest export destination in 2023-24
The Netherlands has emerged as India’s third largest export destination after the US and UAE during 2023-24, even as the country’s merchandise shipments dipped by over 3 per cent, according to the...
View ArticleIndian Register of Shipping and Uttar Pradesh Govt sign MOU to formation of...
Indian Register of Shipping (IRS) and The Uttar Pradesh Transport Department has signed a landmark Memorandum of Understanding (MoU) to establish the UP Inland Waterways Authority. This collaboration...
View ArticleNew service linking JaxPort to Pakistan, India to begin this month
A new direct container service that connects Jacksonville to ports in India and Pakistan will begin calling on JaxPort this month, the port authority announced June 4. Ocean Network Express (ONE) will...
View Article