Shipbuilders from Japan, Korea keen to invest here: Sarbananda Sonowal
In what could be a boost for India’s nascent shipbuilding industry, companies from Japan and South Korea have expressed interest in investing in the sector, Union Minister of Ports, Shipping, and...
View ArticleNFR’s automobile freight unloading operations surge 22%
The Northeast Frontier Railway (NFR) has achieved notable progress in its automobile freight unloading operations, according to the recent reports. As of August 2024, NFR’s terminals have successfully...
View ArticleBanks may get power to auction ships in case of loan defaults
Banks may be empowered to hold security interest in shipping vessels, with the government considering removing special exemption for fishing vessels under the Securitisation and Reconstruction of...
View ArticleX-Press Feeders launches intra-Europe service operated by green...
X-Press Feeders has chosen the Port of Klaipėda as part of a new shipping route served by container vessels powered by green methanol. On 16 September, a significant milestone in sustainable shipping...
View ArticleMSC set to more than double its share of slot-sharing agreements
Global liners last week announced en masse their schedules on the main east-west trades come February next year when old agreements expire and new groupings emerge. Among the key takeaways was how...
View ArticlePIL launches direct service in China-Chittagong route amid capacity competition
A vessel of Singaporean shipping company Pacific International Lines (PIL) berthed at Chittagong port jetty on Monday (16 September), only eight days after it left the Chinese port of Shekou in...
View ArticleTuticorin international terminal to handle 600,000 TEUs
Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal dedicated the Tuticorin International Container Terminal (TICT) to the nation at the VO Chidambaranar Port Authority (VOCPA) today....
View ArticleV.O. Chidambaranar Port allocates 501 acre land for green hydrogen
V.O. Chidambaranar Port Authority (VOCPA), an autonomous body under Ministry of Ports, Shipping & Waterways (MoPSW), Government of India, has allocated 501 acre land to four companies for the Green...
View ArticleTuticorin Intl container terminal dedicated to nation; to reduce logistics...
The Tuticorin International Container Terminal (TICT), which will serve as direct mainline connectivity for exporters to directly ship their cargo, was dedicated to the nation by Union Minister for...
View ArticleFire breaks out at VCTPL
On 14 September 2024, a fire broke out at Visakhapatnam Container Terminal Private Limited (VCTPL) in India. The fire originated from a 40ft container carrying lithium batteries , which had arrived...
View ArticlePSA Sical Terminals on tenterhooks as J M Baxi Ports & Logistics opens new...
PSA Sical Terminals Ltd – the much maligned, stressed and most litigated private cargo terminal ever in the history of India’s port privatisation programme – and majority owned by PSA International Pte...
View ArticleBig guns including Adani and DP World vie for Syama Prasad Mookerjee Port...
A clutch of port operators, including Adani and DP World, has expressed interest in the development and mechanisation of two berths at Netaji Subhas Dock under Kolkata Dock System. The berth numbers 7...
View ArticleIndian companies need to fret over the price chart at ports
Freight rates at Indian ports surged nearly 70% year-on-year in August, indicating ongoing global shipping disruptions and lasting demand, ToI reported. This increase adds to the cost burden for Indian...
View ArticleIndia must ramp up domestic shipping and container production: GTRI
A recent report from the Global Trade Research Initiative (GTRI) highlights significant challenges facing India’s export sector, emphasising the need for substantial improvements in the country’s...
View ArticleIndia establishes Maritime Dispute Resolution Centre
The IIMDRC, set to open in Mumbai, will offer a specialized platform for resolving maritime disputes through arbitration and mediation, aiming to position India as a leading hub for maritime...
View ArticleFreight rates flare up by nearly 70% in August
Freight rates have surged nearly 70% year-on-year in Aug across Indian ports, reflecting global shipping disruptions, sustained demand and capacity constraints, which will add to the cost burden of...
View ArticleCMA CGM applies US$200 overweight surcharge from Asia to North Europe
CMA CGM has announced an update to its Overweight Surcharge (OWS) for shipments from Asia to North Europe. Effective from 15 September 2024, until further notice, the surcharge applies to cargo...
View ArticlePSA Mumbai surpasses 200,000 TEUs in August
PSA Mumbai has reached a historic milestone by handling more than 200,000 TEUs in throughput for the first time in August, making it the first terminal in Jawaharlal Nehru Port Authority (JNPA) to...
View ArticleNhava Sheva grapples with capacity pressures amid strong competition
A think-tank conducted an analysis to compare the performance metrics of Nhava Sheva port with other ports in the region or globally to contextualize its challenges and efficiency. This analysis...
View ArticleJ M Baxi group inaugurates Tuticorin Container Terminal: A new gateway for...
J M Baxi Ports & Logistics is proud to announce the official inauguration and commencement of operations at the Tuticorin Container Terminal, a state-of-the-art maritime facility located at the...
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