Jawaharlal Nehru Port Authority (JNPA) and Bharat Mumbai Container Terminals PVT. Ltd. (BMCTPL) have resolved a dispute over the concession agreement for JN Port’s container terminal. The concession period is extended by 1,173 days, now ending on March 8, 2048. BMCTPL’s claims for damages were dismissed, focusing instead on a concession extension.
At a recent board meeting, the Jawaharlal Nehru Port Authority (JNPA) approved a mediation plan to address a dispute with Boskalis Smit India LLP and Jan de Nul-Baggering India PVT LTD concerning a 2019 dredging project. The Mumbai Center for International Arbitration will oversee this mediation. Total claims have escalated to around £800 million.
Two tug vessels, Ocean Jade and Ocean Morganite, were arrested at Paradip Port following a maritime contract and commercial dispute with a claim of ₹428 crores by Alphard Maritime Limited. The vessels will remain detained until the next hearing on April 30, under the supervision of Kujanga Sub-Judge Chinmayee Panda, ensuring fairness in resolving the dispute.
Maritime labour unions in Argentina have halted port activities for 48 hours due to a contract dispute with the Tugboat Owners Chamber. The United Maritime Workers Union expressed frustration with the lack of negotiations, leading to the temporary work stoppage. The impact on the maritime industry remains uncertain, emphasizing the need for a resolution to ensure smooth operations.
