Ports

Move to streamline logistics, strengthen supply chain: Sonowal

Last year, DPIIT had sought unused salt lands from Centre and states

Gadkari assures Rs 3 trillion worth of road projects in state during current tenure of central government

Nascent sector requires ability to be flexible with contracts, according to officials

JSW Infrastructure on Tuesday reported a 32.35 per cent rise in its consolidated net profit to Rs 335.62 crore in the December quarter, driven by higher income. The country's second-largest private port operator posted a net profit of Rs 253.57 crore during the October-December period a year ago, according to a statement. The total income rose to Rs 1,265.31 crore in the third quarter against Rs 1,018.30 crore in the year-ago quarter. Its expenses stood at Rs 989.40 crore during the quarter from Rs 711.25 crore a year ago. During the quarter, the company handled cargo volumes of 29.4 million tonnes which is higher by 5 per cent over the last year, the statement said. The volume increase was driven by the increased capacity utilisation in the coal terminal at Paradip in Odisha, contribution from PNP port and Liquid Storage Terminal, UAE, it added. The increase in the third-party volume was stronger with 31 per cent year-on-year growth and the share of third-party in the overall vo

JNPA is expected to maintain steady growth, focusing partly on the under-construction Vadhvan Port

This incentive will be provided only for long-haul movements on waterways - distances greater than 300 km - and will exclude any expenditure incurred on the first and last mile journeys

According to the complaint, 40 per cent of Kakinada Port, valued at Rs 2,500 crore, was forcibly acquired for just Rs 494 crore

Jawaharlal Nehru Port Authority (JNPA) on Tuesday said container traffic at its port rose 11.86 per cent year-on-year to 6,14,651 TEUs (twenty-foot equivalent units) in October. The port had handled a total of 5,49,487 TEUs of containers in October last year, it added. In the previous month, it handled 7.62 million tonnes of total cargo, 2.26 per cent more compared to the total cargo handled in October 2023. In October 2024, the port said, it handled 562 container rakes and 88,224 TEUs compared to 555 rakes and 88,412 TEUs in the year-ago period. In the seven months to October, the total container traffic grew 13.12 per cent year-on-year to 4,142,134 TEUs of containers, while the total cargo during this period stood at 52.42 million tonnes, recording a 5.6 per cent year-on-year growth, it said.

Kerala Chief Minister Pinarayi Vijayan has urged Union Finance Minister Nirmala Sitharaman to release the Centre's share of Rs 817.80 crore in the Viability Gap Funding (VGF) for the Vizhinjam seaport here without imposing the condition that the state has to repay it later. Vijayan, in a letter to the FM, said the condition imposed by the Empowered Committee constituted by the Department of Economic Affairs, that the VGF amount should be repaid by Kerala in Net Present Value (NPV) terms by way of premium (revenue) sharing, would result in a huge loss of Rs 10,000 to 12,000 crore to the state exchequer. "The state is investing resources to the tune of Rs 5,595 crore out of the total project outlay of Rs 8,867 crore. I am sure, the Hon'ble Minister would appreciate that given the financial situation of a small state, like Kerala with limited financial resources, this scale of investment involves tremendous sacrifice on the part of the state. "In addition, as the repayment of Rs 817.80

Coastal cargo, commodity anomalies tip scales for major ports

The White House reiterated on Monday it was not considering using the federal Taft-Hartley Act to halt a strike, which would force workers to go back on the job while negotiations continue

Union Minister Sarbananda Sonowal on Monday launched 'Cruise Bharat Mission' from the Mumbai port, aimed at boosting the potential of cruise tourism in the country and doubling of cruise passenger traffic by 2029, according to an official release. The mission, which also aims to excel India's vision to become a global hub for cruise tourism and promote the country as the leading global cruise destination, targets three key cruise segments -- the ocean and harbour, river, inland and island. It will be implemented in three phases, beginning October 1, the release said, adding that it will continue till March 31, 2029. Launching the mission on board cruise ship "Empress," Sonowal, who is the Minister for Ports, Shipping and Waterways, said, "the 'Cruise Bharat Mission' is a watershed moment in the revamp of the cruise sector of India." Stating that the government is committed to harnessing the tremendous potential of the Blue Economy of India, Sonowal said that cruise, with its ...

Sonowal says coastal states to soon have own shipbuilding policies

MSC Claude Girardet, the largest cargo ship ever to have docked in India, has arrived at the Vizhinjam International Seaport here on Friday. Kerala Chief Minister Pinarayi Vijayan on Friday said the berthing of the giant vessels showcases the readiness of the state to become a key player in global cargo shipping. The ship that sailed from Malaysia will return after container handling at Vizhinjam international seaport. "MSC Claude Girardet, the largest cargo ship ever to be berthed in India, has anchored at @PortOfVizhinjam, marking a pivotal moment in Kerala's growth. With a capacity of 24,116 containers, this giant vessel showcases our readiness to become a key player in global cargo shipping," Vijayan posted on X. The ship is 399.99 metres long, 61.5 metres in width and 16.6 metres in depth. The CM noted that it was the largest ship to have arrived in South Asia. The arrival of one of the biggest cargo vessel shows that the mother port of Vizhinjam can easliy handle internatio

More than 80 critical issues between the Centre, states and Union Territories were resolved during the 20th Maritime State Development Council (MSDC) that concluded in Goa on Friday. As per an official release, the two-day event saw the resolution of critical issues focused on port infrastructure modernisation, connectivity, statutory compliances, maritime tourism, navigation projects, sustainability, and port security. During the 20th MSDC, more than 100 issues from various states were deliberated and successfully resolved, it said. "Several new and emerging challenges were also addressed, including the establishment of places of refuge (PoR) for ships in distress, the development of radioactive detection equipment (RDE) infrastructure at ports to enhance security, and the facilitation of seafarers by recognising them as key essential workers, ensuring better working conditions and access to shore leave," the statement added. Union Minister of Port Shipping and Waterways Sarbanand

A leading maritime services company announced on Sunday the launch of a new liner service connecting the Red Sea's Jeddah Islamic Port to India's Mundra and Nhava Sheva, two of the largest commercial ports in the country. Folk Maritime Services Company, a Public Investment Fund and one of the region's emerging leaders in providing regional liner and feeder services, said the 10-day facility with two vessels will commence in September. According to a company statement, the services will strengthen trade ties by facilitating the movement of consumer cargo from India and products from Saudi Arabia, including petrochemicals. In addition to deploying its vessel, Folk Maritime has also signed a Vessel Sharing Agreement (VSA) with Oman's Asayd, which will also deploy a vessel for the new route, the statement revealed. Announcing the new India Redsea Service (IRS), Poul Hestbaek, Chief Executive Officer of Folk Maritime, said the new route would further "enhance bilateral trade between the

The proposed Vadhvan Port in the Palghar district of Maharashtra will generate 12 lakh jobs for the local youth and women besides creating multiple facilities for the people of the area once it becomes operational, Union Minister Sarbananda Sonowal said on Friday. Speaking at the foundation stone laying ceremony of the port project at CIDCO ground in Palghar, Sonowal also said that India has earned a name as a maritime nation in the world under the guidance of Prime Minister Narendra Modi who has taken a slew of initiatives for the maritime sector in the last 10 years. Modi laid the foundation stone for the mega project in the presence of Maharashtra Governor C P Radhakrishnan, state chief minister Eknath Shinde and deputy chief ministers Devendra Fadnavis and Ajit Pawar. The prime minister during his visit to the state also inaugurated, laid foundation stoned for 218 fisheries projects worth Rs 1,560-crore in Palghar besides addressing the 2024 edition of three-day Global Fintech .

Relief for transporters, traders who were fearing cost hikes

Port and dock workers' unions of major ports have deferred their indefinite strike proposed from Wednesday, official sources said on Tuesday. The decision came after an agreement between representatives of workers' unions and ports management on workers' demands at a marathon meeting in the national capital on Tuesday, they said. At a national coordination committee meeting in Tuticorn (Tamil Nadu) on August 8, major port workers' unions affiliated to five federations decided to go on an indefinite strike from August 28 to press for immediate wage revision and other benefits, pending for nearly 32 months. Subsequently, strike notices were served by the unions to administrators of the respective ports on August 12. "The federations have agreed to postpone the proposed strike from August 28," a top port official said. As part of the agreement, the fitment benefit of 8.5 per cent on the aggregate amount of basic pay as on December 31, 2021, plus 30 per cent cent VDA as on January 1,