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Creditors, a consortium of 16 members led by Bank of India claims due worth 3098 crore from the 1,600-acre seaport.

NCLT approves Adani’s 650 crore bid to acquire Dighi Port

6 March 2020 7:06 PM IST
March 6, 2020: The bankruptcy tribunal of the country, National Company Law Tribunal (NCLT) approved Adani Ports And Special Economic Zone’s (APSEZ)...
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The government has spent Rs 526.80 crore for the development of NWs across the country in 2019-20.

India’s 12 operational National Waterways carry 72.31 MT cargo per year: Mansukh Mandaviya

6 March 2020 4:39 PM IST
March 6, 2020: Minister of State for Shipping, Mansukh Mandaviya informed Lok Sabha on Thursday that the 12 operational national waterways in the...
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Cargo imports and exports hit an all-time high at the V.O. Chidambaranar Port, Tuticorin during this financial year upto March 2, 2020, with 33.11 million tonnes of cargo moving through the port.

Tuticorin Port registers 9.51% traffic increase in 2019-20

4 March 2020 4:46 PM IST
March 4, 2020: V O Chidambaranar Port, Tuticorin in southern Tamil Nadu achieved record container traffic of 7.41 lakh TEUs as on March 2, 2020, with...
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Jakob Friis Srensen, Managing Director, APM Terminals Pipavav at the trade meet.

APM Terminals Pipavav meets customers in Mumbai & Delhi to introduce new MD

4 March 2020 3:42 PM IST
March 4, 2020: APM Terminals Pipavav (Gujarat Pipavav Port) hosted customer trade events in Mumbai and Delhi to introduce the newly appointed managing...
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Chairpersons of all major ports of India, senior officials of the Ministry of Shipping, and other officials of major ports attended the meeting.

Ports must be smart, sustainable and safe while aiming for global standards: Mansukh Mandaviya

3 March 2020 11:03 AM IST
March 3, 2020: Minister of State for Shipping Mansukh Mandaviya chaired a three day Ports Review Meeting in Mamallapuram, Tamilnadu and asked...
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Maersk also aims at expanding its end to end cold chain solutions across the country to tap in all the seasonal exports to eventually enable trade for the agro-based industry from India.

Maersk now moves grapes directly from Nashik and Sangli to Europe in just 20 days

2 March 2020 3:33 PM IST
March 2, 2020: For the first time after venturing into integrated logistics, the global container company, Maersk now started delivering grapes from...
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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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