Shipping Ports

Govt invites EOIs for Rs 41,000 cr port project in Great Nicobar Island

The Ministry of Ports, Shipping and Waterways has invited expressions of interest (EOI) from interested players for a Rs 41,000 crore international transhipment port project at Great Nicobar Island in the Bay of Bengal. The ministry in a release on Friday said that the project is expected to be complete with an investment of Rs 41,000 crore (USD 5 billion), including investment from both government and PPP concessionaire. The proposed port in the Andaman and Nicobar Islands will have ultimate capacity to handle 16 million containers per year and in the first phase will handle above 4 million containers. Other projects planned around the transhipment port include airport, township and power plant, it added. The project is located on the international trade route, with existing transhipment terminals like Singapore, Klang and Colombo in proximity. According to the statement, the project focuses on three key drivers which can result in making it a leading container transhipment port,

Foreign shipping lines may stop services for cash-strapped Pakistan

The ship agents have forewarned the cash-strapped Pakistani govt that all export cargoes could come to a halt as foreign shipping lines are considering stopping services

Govt to amend 114-year-old the Indian Ports Act, bring in reforms

Bill aims level-playing field for ports, new dispute resolution mechanism

No port, vessel related charges on coastal shipping for 6 months: Govt

To provide respite to waterway transportation from high fuel prices, the Shipping Ministry has directed all major ports to exempt coastal shipping operations from port and vessel charges for 6 months

Shipping Ministry looks to make govt ports competitive against pvt peers

Minister asks for plan to build mega ports by 2047, develop new technologies

MoPSW to expedite Rs 1,913-cr 'high-impact' projects under Gati Shakti

Rs 62,627-crore ports, shipping, and waterways projects part of the Gati Shakti - National Master Plan

Customs asks Adani Ports to explain ban on cargo from 3 nations: Report

The department 10 day ago sent a letter to tell India's largest port operator it needed permission, says ET.

Shipping Corp second quarter profit soars 71% to Rs 243 crore

The shipping company had reported a net profit of Rs 141.89 crore in the corresponding quarter of the previous fiscal

Court grants NIA 10-day custody of 3 accused in Mundra drug haul case

A special court here on Monday granted the National Investigation Agency (NIA) 10-day remand of three persons

'Containergeddon': Supply crisis drives Walmart, rivals to hire own ships

Aim is to bypass log-jammed ports and secure scarce ship space at a time when Covid-19, as well as US-China trade ructions, equipment shortages have exposed fragility of globe-spanning supply lines

China trade unexpectedly surges to new records on strong US, EU demand

The pickup came despite disruptions at China's second-largest port last month due to fresh virus outbreaks, which caused congestion and pushed up shipping costs

Adani, Essar and DP World in race to develop Rs 2,500-crore ports

The tenders of VO Chidambaranar Port Trust and Paradip Port have received interest from Adani Ports and Special Economic Zone, Dubai government-owned DP World, Essar, and others

Stranded and shattered seafarers threaten global supply lines

The Delta variant devastating parts of Asia - home to many of the world's 1.7 million commercial seafarers - has prompted many nations to cut off land access to visiting crews

Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'

Glass Lewis has recommended shareholders vote against reelection of a member of Adani Enterprises' risk committee after a court criticised "unconscionable conduct" in its Australian port business

India's Covid crisis hits work at ports as risk to global trade grows

The situation may echo global trade disruptions seen last year after virus restrictions slowed shipments into China

Gain for shipping players as Baltic Dry index touches 10-year high

Shipping Corporation of India, Great Eastern Shipping, Tolani Shipping, and Essar Shipping are into bulk carriers along with other segment fleets in the domestic market

Suez Canal shipping backlog ends, days after giant vessel freed

The last 61 ships, out of 422 ships that were queuing when the vessel was dislodged on Monday, passed through the vital trade artery on Saturday

Traffic congestion eases further in Suez Canal after ship unblocked

The traffic congestion caused by a cargo ship that blocked the Suez Canal for nearly a week continued to ease on Friday

Container vessels to India will lose time window due to Suez traffic

Some bunching at Chennai and JNPT, bulk and liquid vessels to be less impacted

Chinese ports hit capacity as coronavirus tests slow clearing: Shippers

China stepped up inspections of imported food last month after an outbreak of the coronavirus among people working at and visiting a major food market in Beijing