Record Containership Newbuilds Signal Potential Oversupply in Global Fleet

The global containership industry is facing an alarming surge in orders, reaching 11.61 million TEU, which constitutes 34.8% of the current fleet. This unprecedented growth raises concerns about potential oversupply over the next four years, questioning if cargo demand can keep pace with this significant capacity increase scheduled for delivery by 2029.

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Record Expansion in India’s Ports, Shipping, and Inland Waterways

India’s maritime sector has seen remarkable growth in the last decade, particularly in ports, coastal shipping, and inland waterways. This aligns with the Maritime India Vision 2030, enhancing infrastructure and economic development. The surge in cargo capacities and efficient transport highlights India’s strategic focus on maritime trade, boosting global competitiveness.

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The Visakhapatnam port handles over 80 MMTPA of cargo in the financial year 2023-24

Visakhapatnam Port Authority Achieves Record Freight Throughput and Global Recognition

Visakhapatnam Port Authority (VPA) achieved a record freight throughput of 82.62 million tons in the 2024-25 financial year, surpassing 81.09 MT from the previous year. This growth, driven by diverse raw materials, also saw VPA’s container trade rise dramatically in global rankings. Sustainability and customer satisfaction remain key priorities for VPA.

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Adani Krishnapatnam Port Limited (AKPL) sets new record in handling dry cargo

Adani Krishnapatnam Port Achieves Record Cargo Handling in a Month

Adani Krishnapatnam Port Limited (AKPL) set a record by handling 5.74 million metric tonnes of dry cargo in a single month, the highest in its history. This achievement showcases the port’s robust infrastructure and operational efficiency. AKPL also marked its largest single-day road dispatch at 55,958 metric tonnes, reflecting exceptional logistics capabilities.

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