The National Company Law Tribunal has granted approval for the acquisition of 58.1 per cent stake in Gangavaram Port Limited by Adani Ports and Special Economic Zones. The deal prices Gangavaram Port at around Rs […]
On October 3, 2022, foundation stones were laid for four projects worth more than Rs 2.8 billion at the Deendayal Port Authority (DPA), Kandla, Gujarat. The projects include construction of new dome-shaped godowns inside the […]
In a recent development, the seaport proposed to be constructed at Machilipatnam in the Krishna district of Andhra Pradesh received coastal regulation zone clearance from the Chennai-based National Centre for Sustainable Coastal Management. This has […]
The Competition Commission of India recently approved the acquisition of Essar Group’s assets by ArcelorMittal Nippon Steel India Limited. The assets to be acquired include Essar Bulk Terminal Limited, Essar Bulk Terminal Paradip Limited, Essar […]
The Cabinet Committee on Economic Affairs has granted approval for the construction of two new port terminals by Deendayal Port Authority (DPA) at Tuna Tekra in Gujarat. The mega container terminal project at Tuna Tekra […]
AMNS Shipping and Logistics, a wholly-owned subsidiary and the shipping arm of ArcelorMittal Nippon Steel India (AM/NS India) recently acquired two Kamsarmax bulk carriers. These bulk carriers have a capacity of 81,000 DWT each and […]
The Jawaharlal Nehru Port Authority and National Highways Logistics Management Limited recently signed an MoU for the development of a multi-modal logistics park (MMLP) at Jalna in Maharashtra. Jalna MMLP will serve as a functional […]
On September 22, 2022, the Indian Navy launched two indigenously designed and built diving support vessels (DSVs), Nistar and Nipun, in Visakhapatnam. These vessels were built by Hindustan Shipyard Limited. These DSVs will be equipped […]
The central government inaugurated the mechanisation of Berth 14 Project at Karnataka’s New Mangalore Port on September 2, 2022. The project will be executed on the DBFOT basis under the PPP mode. It is meant […]
The Andhra Pradesh High Court has approved the implementation of the Machilipatnam Port Project, Phase I. The project involves the development of a greenfield, modern, all-weather, deep-water, multi-purpose port at Machilipatnam in Krishna district in […]
The expert appraisal committee of the Ministry of Environment, Forest and Climate Change has recommended the grant of environmental clearance and coastal regulatory zone clearance for the container transhipment terminal project at Great Nicobar (Andaman […]
The V.O. Chidambaranar Port Authority and Tuticorin International Container Terminal Private Limited, a wholly owned subsidiary of J M Baxi Ports & Logistics Limited, have inked a concession agreement for the conversion of V.O. Chidambaranar […]
India commissioned its first indigenously built aircraft carrier, INS Vikrant, on September 2, 2022. The vessel is 262 metres (860 feet) long and almost 60 metres (197 feet) tall. Built at a cost of Rs […]
According to a report, container shipping charter rates are set for a course correction after touching historical highs in 2021 and staying elevated so far this year. These rates are likely to slide a further […]
A tripartite agreement has been signed for the swift development of modern multi modal logistics parks (MMLPs) across the country under the BharatmalaPariyojana. The agreement is between National Highways Logistics Management Limited, the Inland Waterways […]
Adani Ports and Special Economic Zone Limited (APSEZL) has signed an agreement with the Navkar Corporation to acquire the inland container depot (ICD) Tumb in Gujarat’s Vapi at a value of Rs 8.5 billion. The […]
The Jawaharlal Nehru Port Authority (JNPA), CMA Terminals and the consortium of JM Baxi Ports and Logistics Limited signed a concession agreement on July 29, 2022 for privatisation of the Jawaharlal Nehru Port Container Terminal […]
The mechanisation of the berth 14 project at New Mangalore port has been completed. The project involved mechanisation of berth 14 at the port in Karnataka on a design-build-finance-operate-transfer basis under PPP mode to handle […]
The Bedi port rail connectivity project commenced commercial operations on July 13, 2022. The project has been implemented by Gujarat Rail Infrastructure Development Corporation (G-RIDE) Bedi Port Rail Limited, an SPV of G-RIDE (26 per […]
The chief minister of Andhra Pradesh laid the foundation stone for the Ramayapatnam greenfield port project on July 20, 2022. Ramayapatnam port is planned to be built in two phases. The first phase is estimated […]
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