In a transformative move for India’s maritime sector, the Jawaharlal Nehru Port Authority has partnered with Vadhvan Port and TUTR Hyperloop to explore high-speed cargo transport using Hyperloop technology. This initiative aims to revolutionize logistics by reducing transit times, boosting efficiency, and promoting sustainable practices in Indian trade.
Chevron-chartered tankers, originally meant to transport crude oil from Venezuela to the U.S., are now being offered for spot contracts elsewhere. PDVSA’s cancellation of loading permits has prompted Chevron to seek alternative solutions. Delays and uncertainties in returning cargoes have disrupted operations, highlighting the challenges faced by companies in the Venezuelan oil market.
The Centre has identified six national waterways in Odisha suitable for cargo, passenger movement, and cruise tourism. Minister Sonowal confirmed their viability after consulting with the state government. NW-5, with a 30 million metric ton capacity, aims to connect industrial areas with ports. Plans for NW-14 and other waterways include infrastructure development for tourism and transportation.
