Deendayal Port Authority, Kandla, celebrated a milestone in Indian logistics and maritime industries with the arrival of vessel MV OLIVIA at Cargo Jetty No 15. The loading of indigenous “Made in India” freight wagons emphasizes the port’s advanced infrastructure and operational excellence, showcasing India’s manufacturing and export capabilities.
The Ministry of Ports, Shipping and Waterways celebrated International Women in Maritime Day in New Delhi, honoring women seafarers’ contributions. The theme for this year was “Safe Horizons: Women in Shaping the Future of.” The event recognized the vital role of women in the maritime industry.
TCI is considering shipbuilding options in China, Japan, and Korea after a canceled contract with a Japanese shipyard. They are looking to purchase a second-hand cargo vessel to strengthen seaway operations immediately. TCI aims to expand overseas operations and expects a 10-15% growth in revenue and profit this year.
Inaugurating a seminar on ‘Port Development and Employment’ at the Kerala Gazetted Officers’ Association Conference, emphasis was placed on the economic impact of the Vizhinjam International Port in Kerala. Panelists highlighted the importance of using natural opportunities to maximize port development, reduce pollution, and rejuvenate struggling sectors like cashew.
India is strategically enhancing its maritime presence and trade connectivity by signing a 10-year pact with Iran to operate Chabahar port, aiming to replicate the model in other key regions to boost economic integration and open new markets for Indian businesses. This move is seen as a response to China’s Belt and Road Initiative in Pakistan.
The inaugural voyage of the WIN service at Adani Mundra Port saw the exchange of 3,855 TEU, connecting Mundra to key ports in North America. Dignitaries from Adani Ports and ONE Line celebrated this partnership, marking a significant advancement in maritime trade connectivity and opening doors to new trade opportunities for India.
India has requested Iran to release around 40 Indian seafarers who were detained from four different merchant ships seized by…
Adani Ports and Special Economic Zone Ltd (APSEZ) aims to handle a billion tonnes of cargo in the coming years, prompting plans for aggressive global expansion. APSEZ currently operates 15 ports/terminals in India with a capacity of 627 million tonnes annually, recording significant growth in domestic cargo volume. The company eyes sustainable international growth in strategic locations.
ET Infra reported that Iran’s PMO will procure essential cargo handling equipment for the Indian-financed Chabahar Port. IPGL will increase investment to $120 million from $85 million for the equipment supply. Delays due to Western sanctions on Iran have hindered the port’s operations, but a new agreement aims to expedite equipment procurement.
Engineering goods, electronics, and agriculture stand to benefit from an agreement between India and the Eurasian Economic Union (EAEU). New Delhi is seeking input from industry on barriers to trade with EAEU countries like Russia, Kazakhstan, and Belarus, where India’s exports total $3.7 billion but imports reach $51.7 billion.
The program focused on enhancing maritime safety in India and developing a health, safety, and environmental (HSE) framework for Indian shipyards. TK Ramachandran emphasized the importance of HSE practices in shipyard operations, while Madhu S. Nair welcomed attendees and Pramod P. acknowledged the significance of national security in the industry.
The inauguration of India’s first river terminal in Guwahati marks a historic moment in the country’s transport sector. With state-of-the-art amenities and World Bank funding, the Guwahati Gateway Ghat aims to revolutionize Assam’s waterways for improved connectivity and regional economic growth under Prime Minister Dr. Himanta Biswa Sarma’s leadership.
Indian ports have made significant improvements, with average container turnaround time reaching less than a day in 2023-24. Investments in cargo handling equipment and digitalization have enhanced operational efficiency. New Mangalore Port Authority and V. O. Chidambaranar Port Authority clocked in as the most efficient ports, handling increased cargo volumes and reporting higher net surpluses.
Indian Coast Guard and Jindal Steel & Power signed a Memorandum of Understanding for the supply of indigenous marine grade steel to enhance indigenous content in shipbuilding. This collaboration aims to boost the domestic manufacturing sector and promote self-reliance in defense production.
Power Finance Corporation Ltd offered to underwrite the Rs 27,283 crore debt for a new port project. JICA India met with officials to discuss funding for the project, expressing interest in the well-structured plan. The port will be developed in two phases under the landlord model, with Vadhavan Port Project Ltd leading the project.
