Gautam S Adani will step down as Executive Chairman of Adani Ports. The change is effective from August 5, 2025. He will transition to Non-Executive Chairman. Consequently, he will no longer be key managerial personnel. Manish Kejriwal has been appointed as an Additional Non-Executive Director. His term will be for an initial period of three […]
Gautam Adani exits key managerial role at Adani Ports
Gautam Adani is now the non-executive chairman of Adani Ports and Special Economic Zone. This change took effect on August 5. Manish Kejriwal has been appointed as an additional independent director. The board approved these decisions. This move ensures compliance with company regulations. Adani can now focus on the strategic growth of other Adani Group […]
The first cargo trial run occurred from Govardhan Bridge to Hatsingimari. MV VV Giri carried 300 metric tonnes of cement. Minister Sarbananda Sonowal called it a watershed moment. This resumes intra-state waterborne freight transport after a decade. Over 1168 kms of National Waterways in Assam are now operational.
Synergy Marine Group has appointed Vikas Trivedi as Co-CEO for ship management, overseeing the tanker and gas carrier division. He joins Ajay Chaudhry, who leads the dry division, in a leadership role. Trivedi brings 25 years of experience to Synergy, which employs a significant number of Indian nationals in its global operations.
Indian owners of three ships ask sanctions-hit Nayara Energy to release the vessels, sources say
5 months ago
Following EU sanctions, Indian vessel owners Seven Islands Shipping and Great Eastern Shipping Co (GESCO) have requested Nayara Energy to terminate contracts for three clean product tankers. Concerns over the sanctions have prompted this decision, impacting Nayara’s ability to sell refined fuel and leading to reduced refinery operations due to storage limitations.
Intershipping Services Hub’s Indian branch faces EU sanctions. Captain Abhinav Kamal is also sanctioned. He is the first Indian to face such action related to the Russia-Ukraine conflict. The EU accuses the company of aiding trade with Russian entities. Sanctions freeze European assets and restrict EU business. Non-EU entities can still engage with Intershipping Services […]
India’s port turnaround time has dramatically improved, now under a day, surpassing many advanced nations, according to Union Minister Sarbananda Sonowal. This boost in efficiency, coupled with increased container handling capacity and cargo volumes, supports India’s ambition to become a global maritime hub. Policy measures are being implemented to further bolster the domestic shipping sector […]
Despite geopolitical tensions, India’s port sector expected to grow faster than major economies: Report
5 months ago
India’s port sector is poised for rapid expansion, outpacing many global economies, fueled by rising domestic consumption and government infrastructure initiatives. Cargo volumes have seen substantial growth, particularly in non-major ports. Ambitious targets are set to increase port capacity significantly by 2047, driven by factors like a young population and multimodal logistics, playing a crucial […]
India’s river cruise tourism is set for significant expansion with the Cruise Bharat Mission planning 51 new circuits by 2027. Viking Cruises is entering the market with the Viking Brahmaputra, an 80-guest vessel operating on National Waterway-2.
Larsen and Toubro will invest Rs 1,000 crore in its Katupalli shipbuilding complex. This investment aims to boost production capacity. The company plans to develop new facilities within its existing land. These facilities will include additional shops and skill development centers. The project is expected to start in October and complete in three years.