With the growth in container handling at New Mangalore Port (NMP) in Mangaluru over the past few years, stakeholders are now focusing on strengthening other infrastructure in the region. After JSW Infrastructure operationalized a mechanized container terminal at NMP in April 2022, it handled 1.65 lakh TEUs of containers in 2022 23 (as against 1.52 lakh […]
The Gurugram-based ACME Green Hydrogen and Chemicals Pvt. Ltd. is setting up a green ammonia and green hydrogen factory in the port town of Thoothukudi, Tamil Nadu, at a cost of ₹52,474 crore. This will be one of the largest such plants in the world, said the company’s founder, Manoj Kumar Upadhya, at the Tamil […]
India is drawing up a project worth $1.46 billion to develop an inland water transport corridor in the east of the country, primarily for use of finished products like steel, sponge iron, aluminum and fertilizer, a government official said on Thursday, July 20. The project is being spearheaded by state-run agencies like Coal India (India) […]
In a remarkable stride towards bolstering the ‘Make in India’ campaign, Econship, a leading player in the shipping & NVOCC sector, has recently procured its first batch of new build containers in India. This significant development not only promotes the government’s ambitious initiative but also serves as a litmus test for the quality of manufacturing […]
Global container trade volumes have experienced a modest decline of 2% y-o-y in Apr-May 2023. However, there is positive growth in India’s major ports’ volumes and container volumes, which have increased by 2% y-o-y in Apr-June 2023. Railway volumes and container volumes have also witnessed a 1% y-o-y increase, although indicating a slight deceleration in […]
NEW DELHI: India’s exports contracted by 22%, the steepest decline in the last three years, to $32.97 billion in June on account of global demand slowdown, especially in the Western markets like the US and Europe. According to the data of the commerce ministry, the trade deficit in June stood at $20.3 billion against $22.07 […]
Ahoy, maties! ‘Tis me, Captain Jack Sparrow, here to chart a course through the wild, unpredictable seas of innovative transportation. With a quill in one hand and a bottle of rum in the other, I’m ready to reveal my secrets. So, hoist your anchors, batten down the hatches, and prepare for an adventure of a […]
High import/export release timing, inadequate route planning, lengthy clearance times, grey areas creating bottlenecks at logistics nodes – these are some of the issues brought forward by a report released by CBIC. The study covers seaports, inland container depots (ICDs), air cargo complexes (ACCs), and integrated check posts (ICPs), among others. These are the places […]
Indian economy is going through a big transformation in export business opportunities. The foundation to make a sustainable and self-sufficient India will be achieved in the coming years. Starting from the infrastructure development, where road construction, building new ports and improving renewable energy resources is the primary objective of the central government. The year 2023 […]
The proposal for extension of concession agreement signed by the major port authorities with the BOT (build-operate-transfer) operators beyond 30 years has created jubilation among the investors’ community who have been batting for a long-term association for better returns and a level-playing field with the non-major (private) ports in tariff fixation. A BOT operator quoting […]