Reclamation for Vadhvan Port to commence next year
Reclamation work to build offshore Vadhvan port in Maharashtra’s Palghar district will commence next year, announced Jawaharlal Nehru Port Authority (JNPA) the body entrusted to construct it, allaying...
View ArticleUpcoming Vadhavan port may cast a shadow on Vizhinjam port’s prospects
Even as the Kerala government and the Adani Group move ahead with the scheduled launch of the commercial operations of the Vizhinjam International Seaport by the end of this year (2024), the Union...
View ArticleIndia’s Mundra Port battles congestion amid growing box volumes
Indian importers and exporters are dealing with considerable cargo delays at Mundra Port, which leads the country’s containerised trade. Local trade sources have raised serious concerns over the...
View ArticleNo land will be acquired for Vadhavan Port, says JNPA Chairman Umesh Wagh
A day after the Union Cabinet approved the Rs 76,220 crore deep-water port at Vadhavan near Dahanu in Maharashtra, the Chairman of the Jawaharlal Nehru Port Authority (JNPA) , Umesh Wagh, said on...
View ArticleVisakhapatnam port leads India’s marine cargo exports in 2023-24
In the financial year 2023-24, Visakhapatnam port led the country in marine cargo exports, amounting to Rs 17,989 crore. This figure represents approximately 29.7% of India’s total marine cargo exports...
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Shipping Minister praises VPA for improvement in global ranking
Union Minister for Ports, Shipping and Waterways Sarabananda Sonowal congratulated Visakhapatnam Port Authority for making it to the top 20 ports of the world at 19 in 2023. The World Bank and the...
View ArticleTownships around ports, Rs 5000 crore scheme for Make in India inland vessels...
In a bid to revitalize areas surrounding major ports, the Shipping Ministry is crafting a new township policy, sources have said. This policy will enable the development of townships near ports,...
View ArticleExport target for this fiscal still being finalised, says DGFT
The Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi on Friday said export targets for the current financial year are still being finalised. According to Sarangi, the country needs to...
View ArticleJIT ship arrivals key in reducing GHG emissions at ports
Shipping accounts for almost 3 percent of global greenhouse gas (GHG) emissions. Naturally, for ports, ocean-going vessels are one of the major contributors to GHG and pollutant emissions in its...
View ArticleEU approves €570 million aid for emission cuts in Italian ports
The European Commission has approved, under EU State aid rules, a €570 million ($609.6 million) Italian scheme to incentivise ships to use shore-side electricity when they are at berth in maritime...
View ArticleDP World completes $400m port expansion in Peru
Global ports operator DP World has completed a $400 million expansion project at the Port of Callao in Peru as part of the company’s efforts to increase capacity across Latin America. The move has...
View ArticleAfter 3 months stuck on ship that hit US Bridge, 8 Indians leave for home
Eight Indian crew members of the cargo ship ‘Dali’ that crashed into a famed Baltimore bridge in March left for India on Friday after nearly three months on the mammoth vessel. According to Baltimore...
View ArticlePre-Budget meet: Exporters to seek support measures to boost exports
Exporters are likely to seek fiscal support measures in their pre-budget meeting with Finance Minister Nirmala Sitharaman here on Tuesday to increase the country’s exports to USD 2 trillion by 2030, an...
View ArticleIndia buys record amount of sunflower oil as Ukraine-Russia fight for market...
Indians bought a record 500,000 metric tons of sunflower oil for June delivery, as competition between leading suppliers Russia and Ukraine made it cheaper than soyoil and palm oil, two leading buyers...
View ArticleGovt considers Global Trade Promotion Body to boost MSME exports
The central government is reportedly considering the establishment of a global trade promotion organisation (GTPO) to enhance exports from micro, small, and medium enterprises (MSMEs), according to...
View ArticleIndian steel exports struggle against China’s ultra-cheap shipments
Indian steel exports are struggling and are likely to face continued challenges, as overcapacity and weak domestic demand in China prompt the world’s second-largest economy to flood the global market...
View ArticleIndia’s textile export markets getting better — industry experts examine the...
The export data for the month of May showed that India’s textile exports increased by 11.2% compared to the previous year, marking the highest growth in 18 months and the best since November 2022. In...
View ArticleMSC launches standalone service connecting Asia and Southeast India
MSC announced the launch of its new weekly service, Osprey, between Asia and Southeast India. The Osprey service will offer a direct route and improve transit times between the Asian and Southeast...
View ArticleHapag updates TPI service with US East Coast calls
Hapag-Lloyd has updated its TPI (INDAMEX) service rotation w.e.f August 8, 2024 to include stops at Savannah and Charleston, U.S. “As part of these changes, the current INDAMEX 2 (IN2) service will be...
View ArticleHow Rs 76, 220 cr Vadhavan port could transform India’s industrial landscape
The proposed mega Vadhavan port in the Palghar district of Maharashtra, worth Rs 76, 220 crore, would not only boost sea-based trade but also herald a new wave of industrial development towards the...
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