In view of the surge in Covid-19 cases, Karaikal Port Private Limited (KPPL) has invoked force majeure at its port in Karaikal, with effect from May 10, 2021. As per the notification issued by […]
The Andhra Pradesh Government has approved the acquisition of 31.5 per cent equity stake of Warburg Pincus India Limited in Gangavaram Port Limited (GPL) by APSEZL. Further, it has approved the acquisition of its 10.4 […]
In a notable development, APM Terminals Pipavav has secured the China-India Express service operated by Cosco/OOCL. The weekly service to Pipavav port will carry freights of all kind for import and export, connecting with the […]
In view of the increasing demand for oxygen and related equipment in the country due to the Covid-19 pandemic, the Government of India (GoI) has directed all major ports to waive all charges. Further, the […]
During April 2021, the major ports in India handled 61.53 million tonnes (mt) of traffic, as compared to 47.51 mt in the corresponding period in 2020-21, registering an increase of 29.52 per cent. Port-wise, Paradip […]
The central government has notified the Major Port Authorities Act, 2021 in the Official Gazette, after it was signed into law by the President of India. Accordingly, the Act will convert 11 of the 12 […]
During April-February 2020-21, the major Indian ports handled 600.63 million tonnes (mt) of traffic, compared to 643.1 mt in the corresponding period of 2019-20, registering a decline of 6.61 per cent. Port-wise, Deendayal port handled […]
Sagarmala Development Company Limited has signed 48 MoUs, entailing an investment of Rs 118.7 billion for maritime projects, with a number of public and private sector players. The projects pertain to the development of product-specific […]
Indian Oiltanking Limited (IOTL), a joint venture of IOCL and the Jawaharlal Nehru Port Trust (JNPT), has signed an MoU committing Rs 1.5 billion to infrastructure development near JNPT. The MoU was signed at the […]
JNPT has signed over 30 MoUs of around Rs 270 billion with potential investors for port projects, technology transfer, and development of plots in the JNPT special economic zone, on February 24, 2021. These MoUs […]
The Chennai Port Trust has signed an MoU with the Container Corporation of India (CONCOR) declaring CONCOR’s inland container depot Tondiarpet in Chennai as the extended gateway of the port. The MoU is expected to […]
The Paradip Port Trust has signed 27 MoUs with various stakeholders at the Maritime India Summit 2021, to further enhance the economic growth of Odisha. Of the 27 MoUs, 15, worth Rs 38.79 billion, are […]
The central Government has inaugurated the international cruise terminal, Sagarika, and two ro-ro vessels at Cochin port. It has also laid the foundation stone for the reconstruction of the south coal berth at the port. […]
As of January 31, 2021, the Indian shipping industry has a fleet of 1,468 vessels, with a cumulative 12.89 million gross tonnage (GT) and 19.5 million deadweight tonnage (DWT). Of the total vessels, 1,002 are […]
An MoU has been signed between the Inland Waterways Authority of India (IWAI) and MOL (Asia Oceania) Pte. Limited for the transportation of liquefied petroleum gas (LPG) through barges on National Waterways 1 and 2. […]
The Major Port Authorities Bill 2020, was passed in Parliament on February 10, 2020. The bill will now go to the President of India for assent. With a view to promoting the expansion of port […]
The Ministry of Ports, Shipping and Waterways (MoPSW) has finalised and issued guidelines for promoting floating jetties/platforms for multiple uses. The development comes in the wake of MoPSW’s efforts to set up world class floating […]
In a notable development, DP World laid the foundation stone and commenced construction work on its Nhava Sheva Business Park (NSBP) free trade zone (FTZ). The Rs 10 billion worth FTZ investment comes under Hindustan […]
As on December 31, 2020, the Indian shipping industry has a fleet of 1,463 vessels of 13.01 million gross tonnage (GT) and 19.69 million deadweight tonnage (DWT). Of the total vessels, 998 were coastal vessels […]
The World Bank, the central government and the West Bengal government signed a deal worth US$105 million to improve the inland water transport (IWT) infrastructure in the state on January 5, 2021. The project is […]
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