Page 2 - Ports

Two armed robberies reported in Indian ports, anchorages in H1 2024

The situation in India's ports and anchorages has remained relatively stable, with two incidents of armed robbery against ships reported from January to June 2024, a regional maritime agency said on Wednesday. Comparatively, there were three incidents in the Indian ports and anchorages last year, said Krishnaswamy Natarajan, executive director of the Singapore-based Regional Cooperation Agreement on Combating Piracy and Armed Robbery against ships in Asia. He pointed out that all such robberies involved stealing nominal items and in some cases engine spares and scrap metals which are in demand in the black market. A total of 12 incidents of armed robbery against ships took place in the Indian Ocean Region from January to June 2024, he told PTI on Wednesday at the released Half-Year Report (JanuaryJune 2024) on Piracy and Armed Robbery against Ships (ARAS) in Asia by the ReCAAP Information Sharing Centre (ISC). The majority of these incidents, 10, happened in Bangladesh ports and ..

'JSW Infra to reassess strategy for Tajpur port if it comes for re-bidding'

Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project "if the project comes for re-bidding", a senior official said. JSW Group had failed to emerge as the winning bidder in the last tendering round, where Adani Ports and SEZ Ltd (APSEZ) had emerged as the L1 bidder in October 2022, and a Letter of Intent to Award (LOIA) was handed over to the company. However, Chief Minister Mamata Banerjee's announcement at the Bengal Global Business Summit (BGBS) in November 2023 that a tender would soon be launched for the development of the port. This has led to a cloud of uncertainty around the mega deep-sea port project. Banerjee had announced that the proposed deep-sea port at Tajpur is ready for tender, which would attract an investment of USD 3 billion or Rs 25,000 crore. JSW Infrastructure Joint Managing Director and CEO Arun Maheswari told PTI: "We will

JSW Infra buys 70.4% stake in logistics firm Navkar Corp for Rs 1,013 cr

An open offer will be made to the rest of the shareholders of Navkar Corporation which will cost around Rs 412.17 cr

Vadhavan Port: India's first mega port set to boost sea-based trade

The Vadhavan port, which the Cabinet cleared this week, will be India's first to begin life as a mega port. What does that mean for the country's share of sea-based trade?

Greenfield port in Maharashtra to be integral part of IMEC: Vaishnaw

Calling the decision a milestone, Vaishnaw stressed that Vadhavan port will have a major multiplier impact on India's economic growth in the future

Cabinet clears Rs 76,200 cr for development of Maha's greenfield major port

The Union Cabinet on Wednesday approved the development of a Rs 76,200 crore all-weather greenfield deep draft major Port at Vadhavan in Maharashtra, according to an official statement. The statement said the project will be constructed by Vadhavan Port Project Limited (VPPL), an SPV formed by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB), with a shareholding of 74 per cent and 26 per cent, respectively. The port will be one of the top 10 ports in the world, the statement said. The project will create employment opportunities for 12 lakh people, I&B Minister Ashwini Vaishnaw said in a press briefing. The port will comprise nine container terminals, each 1,000 metres long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth.

9 Indian ports among top 100 in Container Port Performance Index 2023

As many as nine ports of India have made it to the global top 100 rankings in the latest edition of Container Port Performance Index, an official statement said on Wednesday. The Container Port Performance Index (CPPI), developed by World Bank and S&P Global Market Intelligence, measures the resilience, efficiency and overall performance of the Ports. While Visakhapatnam Port made it to the top 20 ports of the World at 19 in 2023, Mundra Port also climbed up the index at 27 in the current ranking. According to the statement, Visakhapatnam Port has showcased strong performance with 27.5 moves per crane hour, a turnaround time (TRT) of 21.4 hours, and minimal berth idle time. These metrics highlight the port's efficiency in handling container ships and significantly influence customer preference. Seven other Indian ports, which secured ranks in the top 100, are Pipavav (ranked 41 in the list), Kamarajar (47), Cochin (63), Hazira (68), Krishnapatnam (71), Chennai (80) and Jawaharlal .

Rs 76,000-cr Vadhavan Port project in Maharashtra gets Cabinet approval

Rs 7,453 cr viability gap fund for offshore wind energy projects okayed

Adani Ports signs 30-year concession pact to operate Tanzania Port Terminal

The concession agreement for 30 years has been signed with the Tanzania Ports Authority

Centre targets Rs 10,000 crore from monetisation of ports in FY25

Looks to monetise assets worth Rs 10,000 crore in FY25

EAM Jaishankar recalls contribution of Prez Raisi in Chabahar port pact

External Affairs Minister S Jaishankar on Monday said that due to the interest and initiative of Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian, "we were actually able to finalise a long-term agreement" on the crucial Chabahar port. Raisi, Abdollahian and a number of other officials were found dead on Monday, a day after their helicopter crashed in northwest Iran, the country's media reported. In response to a query on the Chabahar port during an interaction held at the Delhi Tamil Education Association-run school here, Jaishankar said, "We have been trying for almost 20 years now... to have an agreement with Iran." "We could have like a short-term agreement... the two people who unfortunately died yesterday in a helicopter crash, the president of Iran and the foreign minister of Iran, because of their interest and their initiative, we were actually able to finalise a long-term agreement which is very important because if you look today, one of the big

Ministry aims for 80% landlord model at major ports by 2030: Ramachandran

The shipping ministry is working to shift to an 80 per cent landlord model by the end of this decade to increase efficiency and reduce logistics costs at major ports, a senior government said on Saturday. In the landlord model, private players take over the operational aspects, while the port authority acts as a regulator and landlord. Speaking at CII Annual Business Summit 2024, Ports, Shipping and Waterways Secretary TK Ramachandran said Jawaharlal Nehru Port (JNPT) has become the first major port of the country to become 100 per cent landlord port, having all berths being operated on PPP model. The PPP (public-private partnership) model is considered an effective tool for attracting investment in the port sector. "We have 12 major ports, and we have a huge capacity...we want to shift to an 80 per cent landlord model by the end of this decade," Ramachandran said. He further said the four pillars that the Shipping ministry is working on to improve the cost and ease of doing busin

Shipment of raw materials from AGPL resumes for Vizag steel plant

In a relief for Visakhapatnam Steel Plant (VSP), shipment of essential raw material from Adani Gangavaram Port Ltd (AGPL) has resumed, said an official on Friday. Shipment of raw materials such as coking coal, limestone and others, which are key for making steel, had been disrupted since April 12. Atul Bhatt, chairman and managing director (CMD), VSP, which is also known as Rashtriya Ispat Nigam Ltd (RINL), thanked all the stakeholders for resolving the impasse which crippled the industry for more than a month. "Bhatt extended his heartfelt gratitude to all the stakeholders who played a crucial role in resolving the crisis of transportation of essential raw material from AGPL to RINL," a press release from the steel plant said. He said their collective efforts have been instrumental in ensuring the continuity of RINL operations and sustaining economic growth in the region. On May 8, nearly 1,000 RINL employees marched to the nearby Gangavaram port to plead with its agitating emplo

Chabahar Port deal 'landmark' for economic ties with India: Iranian envoy

The signing of the Chabahar Port deal is a 'landmark' in India-Iran economic relations and it offers various future investment opportunities, including the development of subsequent phases of the facility, a top Iranian diplomat said in a note. These opportunities include development of the second phase of Shahid Beheshti Port as well as the third and fourth phases on BOT model, among others, Davoud Rezaei Eskandari, Acting Consul General of Iran in Mumbai, said in the note shared with PTI. India on May 13 signed a 10-year contract to operate the strategic Iranian port of Chabahar that will help it expand trade with Central Asia. The Chabahar Port on the Gulf of Oman - which New Delhi had proposed to develop way back in 2003 - will provide Indian goods a gateway to reach landlocked Afghanistan and Central Asia using a road and rail project called International North-South Transport Corridor, bypassing Pakistan. The long-term agreement was signed by Indian Ports Global Limited (IP

Palghar's priority: Basic infrastructure over ports, bullet trains

The electoral contest is between Maha Vikas Aghadi (MVA) candidate, Shiv Sena (UBT)'s Bharti Bharat Kamdi and BJP's Hemant Savara

After long wait, India inks Chabahar port's 10-year deal with Iran

India's plans with the port go beyond commercial interests, according to the Centre

RINL seeks Andhra's intervention for supply of coal from Gangavaram Port

Andhra Pradesh-based steel maker RINL has sought the state government's intervention to ensure immediate supply of coking coal stuck at Adani Gangavaram Port. The coking coal supply has been stuck since last month due to agitation of workers at AGPL (Adani Gangavaram Port Limited), which is operated by Adani group company Adani Ports and SEZ (APSEZ). In a letter to Visakhapatnam district collector, RINL CMD Atul Bhatt said the operation of the firm is in a highly critical position due to lack of the most essential raw material coking coal which has been stuck at Gangaravam Port since April 12 this year due to agitation of AGPL workers. "We request district administration and police to provide necessary security so that the transportation of critical materials i.e. coal is shifted by RINL peacefully through its own loaders and dumpers," Bhatt said. A query sent to AGPL did not elicit an immediate response. According to Bhatt, more than 1,000 employees of RINL and trade union leader

Private ports outpace central peers in FY24; register double-digit growth

Coastal cargo major booster for private ports last fiscal

Ships moved 9% faster at Indian major ports in FY24 as infra improved

Greater participation by private companies is another reason for improvement

Temporary channel opens for vessels to Baltimore port after bridge collapse

A third temporary channel for boats to enter and depart the Port of Baltimore has opened, expanding further shipping access as collapsed sections of the Francis Scott Key Bridge are salvaged before the span can ultimately be rebuilt. The alternate channel, located to the northeast of the fallen bridge, is open to commercially essential vessels, port officials announced late Friday. The new temporary path, with a controlling depth of 20 feet (6.1 meters), a horizontal clearance of 300 feet (91.4 meters) and a vertical clearance of 135 feet (41.2 meters), allows a greater variety of vessels to access the port while crews work to reopen the main channel, Coast Guard and port Capt. David O'Connell said in a news release. With the new channel open, about 15% of pre-collapse commercial activity will resume, O'Connell said. The first temporary channel opened April 1. The bridge collapsed early March 26 after it was struck by the cargo ship Dali. Officials hope to open a channel by the end