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The land now belongs to Mumbai Port Trust (625 acres), Kolkata Port Trust (1,490 acres) and Deendayal Port Trust (6,920 acres).

India plans to lease out 9,035 acres of port land in Mumbai, Kolkata & Gujarat

28 Feb 2020 11:41 AM IST
February 28, 2020: In order to generate additional revenue, the Indian government led by Prime Minister Narendra Modi is planning to lease out around...
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Revenue decreased to $38.9 billion in 2019 from $39.3 billion. Free cash flow was $ 6.8bn, compared to $ 5.1bn last year and CAPEX declined by $ 1.2bn to $ 2bn in 2019.

A.P. Moller - Maersk registers 14% EBITDA increase to $5.7 billion in 2019

20 Feb 2020 4:39 PM IST
February 20, 2020: Despite weaker market conditions and global container growth of only 1.4 percent, A.P. Moller – Maersk's Annual Report 2019 shows...
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The shutdown of industries in China is negative for the Indian Exim cargo movement as India has significant trade linkages with China by way of import and export of raw materials and finished goods.

Read how novel coronavirus will affect Indian shipping and ports negatively

20 Feb 2020 3:34 PM IST
February 20, 2020: The credit rating agency, ICRA (formerly Investment Information and Credit Rating Agency of India) said on Wednesday in a release...
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Sanjay Sethi, IAS, chairman, JNPT and Kristof Waterschoot, MD, APEC signs the MoU.

JNPT renews MoU with Antwerp Port Training Centre to train maritime professionals

19 Feb 2020 3:39 PM IST
February 19, 2020: Jawaharlal Nehru Port Trust (JNPT) and APEC (Antwerp/Flanders Port Training Centre) signed an MoU (Memorandum of Understanding) on...
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The partnership deals with the development of cleaner and more sustainable energies to eliminate CO2 emissions, greenhouse gases and air pollutants.

Read why CMA CGM is teaming up with this former race boat

18 Feb 2020 12:45 PM IST
February 18, 2020: The global shipping and logistics company, CMA CGM Group, in the first week of February announced its collaboration with the Energy...
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Unjha located in Mehsana district of Gujarat is known for its Cumin, Fennel, and Isabgol seed exports.

APM Terminals Pipavav showcases spices handling capabilities

17 Feb 2020 3:42 PM IST
February 17, 2020: APM Terminals Pipavav (Gujarat Pipavav Port) hosted spices and Psyllium [Isabgol] customers in Unjha in January for a trade...
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Striking a balance between unbounded economic growth and sustainability

Striking a balance between unbounded economic growth and sustainability

15 Feb 2020 12:00 AM IST
Dr Abhijit Singh, Executive Director, Indian Ports Association (IPA), talks about how green sustainability and economic growth can coexist. He...
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The ports will have a corporate style management structure and will be free to fix port charges.

All 12 state-owned major seaports to become autonomous under new port bill

13 Feb 2020 1:39 PM IST
February 13, 2020: Mansukh Mandaviya, minster for shipping, informed on Wednesday that the cabinet chaired by Prime Minister Narendra Modi approved...
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He was talking during the FICCI %u2013 IWAI %u2018Stakeholders Interaction for Development and Promotion of Cargo Movement on National Waterway-1%u2019 in Patna.

National Waterway-1 can increase Bihar’s GDP by 1.33%: state transport secretary

11 Feb 2020 2:38 PM IST
February 11, 2020: Sanjay K Agarwal, secretary - Transport, Government of Bihar informed the estimation that the increased use of inland waterways by...
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Let us lend our ears to the words of minister for shipping Mansukh Mandaviya and the PIB press release.

Four reasons why India desperately wants to build a major port at Vadhavan

6 Feb 2020 4:32 PM IST
February 6, 2020: The union cabinet, chaired by Prime Minister Narendra Modi, has given 'in-principle' approval with Rs 51000 crore investment for...
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CONCOR Container Corporation of India connects traffic of ICD Pithampur & Ratlam and Distribution Logistics Infra connects that of ICD Dhannad to JNPT.

Connectivity from Indore is extremely significant for us: JNPT chairman

25 Jan 2020 4:07 PM IST
January 25, 2020: Sanjay Sethi, chairman, Jawaharlal Nehru Port Trust (JNPT) noted the importance of Indore market for the port at Navi Mumbai and...
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Improving infrastructure in the Maximum City

FROM MAGAZINE: Improving infrastructure in the Maximum City

21 Jan 2020 6:00 PM IST
In 2018, the Globalization and World Cities Research Network (GaWC) listed Mumbai as one of the most economically robust alpha-level cities in the...
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