Page 7 - Ports

Concerns over supplies after lockdown of largest port in China

The Chinese authorities announced a lockdown in the district of Beilun in Ningbo following the discovery of a Coronavirus case on Saturday

Adani Ports abandons plans to build container terminal in Myanmar

The company is expected to fully exit the investment in the strife-torn south Asian nation between March and June next year

Adani Ports second quarter net profit falls 30.5% to Rs 968.34 crore

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,393.69 crore in the same period a year earlier

Winners and losers in shipping crisis

Indian exporters complain of increase in freight rates by 300% to 1000% for various destinations and additional charges

China's two-week port closure to have a mixed impact on India's trade

India has been facing acute shortage of containers since November 2020 leading to ocean freight rates having zoomed 5-7times within a span of 8-9 months.

Chinese ports choke over 'zero tolerance' coronavirus policy

Several Chinese ports are facing congestion as vessels due to call at Ningbo are being diverted and cargo processing is slowed partly due to stricter disinfection measures

Covid-19: China's port shutdown raises fears of closures worldwide

The shutdown at Ningbo-Zhoushan is raising fears that ports around the world will soon face the same kind of outbreaks and Covid restrictions

Northern Chinese port city uses boats, scoops to fight algae bloom

The northern Chinese port city of Qingdao has deployed thousands of boats and powered scoops to deal with a massive algae bloom that is threatening sea life, tourism and water transport

Second Covid-19 wave: Global ports slam the door on Indian seafarers

Covid restrictions on one of the world's largest sources of sea crew may hurt India's trade

CCI approves APSEZ acquisition of 89.6% of equity in Gangavaram Port

The Competition Commission of India (CCI) has approved acquisition of 89.6 per cent of equity shareholding in Gangavaram Port Ltd (GPL) by Adani Ports and Special Economic Zones Ltd (APSEZ)

Iran's Chabahar port likely ready by May as India speeds up work: US report

Strategic project will allow India to trade with Afghanistan unimpeded by Pakistan, says independent Congressional Research Service

Suez canal blockage: Snarl halts $9.6 billion a day worth of ship traffic

So far efforts by tugs and diggers to dislodge the Ever Given -- the 400-meter long vessel that became wedged in the canal on Tuesday -- have failed

Suez Canal blockage is a signal of what's ahead as ships get bigger

The 200,000-ton cargo ship currently lodged in the Suez Canal, bringing 13% of the world's trade to a halt, may be the biggest vessel to get stuck in a major waterway

Cargo traffic at 12 major ports falls for 11th month in Feb; down 7%

India's top-12 ports witnessed considerable decline in cargo traffic for the eleventh straight month in February to 600.62 million tonnes (MT), according to ports' apex body IPA

Stake sale at premium valuations a positive for Adani Ports

In addition to volume gains, lower pledges and acquisitions such as Concor would be new triggers

Deendayal Port to sign MoUs worth Rs 3,824 cr at Maritime India Summit 2021

Deendayal Port Trust is one of the 12 major ports in the country

Major Port Authorities Bill to give a fillip to PSU ports, say experts

TAMP has been a multi-member statutory body with a mandate to fix tariffs levied by major port trusts under the control of the Centre and private terminals

Adani Ports & SEZ Q3 consolidated profit up 16% to Rs 1,576 crore

Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported a 16.22 per cent increase in its consolidated profit to Rs 1,576.53 crore for the third quarter

India asks Sri Lanka, Japan to abide by its commitments on ECT deal

India on Monday asked all sides to abide by the existing understandings and commitment of a trilateral agreement involving Sri Lanka and Japan to develop the strategic Colombo Port's ECT

Chowgule's Angre Port plans to host industrial units for assured cargo

The agri-based port of Angre is a riverine port that currently exports sugar and molasses to the tune of 0.5 million tonne annually