Vizhinjam seaport will bring economic stability, says PM Modi

Narendra Modi inaugurated the Vizhinjam International Seaport. He said its capacity would triple. Modi highlighted that India lost revenue due to foreign transshipment. He emphasized that Indian money would now benefit India. He praised the PPP model for port development. Modi noted the collaboration between the Adani Group and the Kerala government.

Narendra Modi will inaugurate the Vizhinjam International Seaport in Kerala on Friday. This marks a significant step for India’s maritime presence. Adani Ports built the deep-sea port with government partnership. The project cost Rs 8,867 crore. Security is heightened after recent terror attacks. Opposition leaders are likely to boycott the event. They criticize organizers for […]

Prime Minister Narendra Modi commissions the Vizhinjam International Seaport, positioning Kerala as a key player in global maritime trade. Developed by Adani Ports under a public-private partnership, the port aims to reduce India’s reliance on foreign transshipment hubs like Colombo. Vizhinjam, India’s first dedicated transshipment port, boasts advanced technology and strategic location, attracting major shipping […]

Swan Defence and Heavy Industries Ltd partners with Wheel & Time Shipping Transport Logistics to introduce a F.A.S.T. logistics facility at its Pipavav shipyard. This 600-acre site, equipped with advanced infrastructure, aims to streamline the entire value chain from fabrication to transportation. The collaboration targets key sectors, enabling clients to focus on innovation and project […]

The Indian government is poised to introduce a ₹18,090 crore shipbuilding financial assistance policy and a ₹25,000 crore maritime development fund (MDF). The MDF aims to boost Indian-flagged ships’ share in global cargo to 20% by 2047, attracting ₹1.5 lakh-crore investments by 2030. Enhanced incentives for green shipbuilding, hybrid technologies, and large vessel manufacturing are […]

Commerce Secretary Sunil Barthwal visited the Netherlands. The visit aimed to establish a green and digital corridor. This corridor will connect Rotterdam port with Indian ports. The goal is to facilitate green hydrogen export to Europe. Discussions also covered semiconductor cooperation with ASML. Barthwal also visited Croatia to discuss the India-EU free trade agreement.

DHL Express will resume global business-to-consumer shipments worth over $800 to individuals in the United States following “constructive discussions” with U.S. authorities, the company announced on Monday.

Synergy Marine Group CEO Jesper Kristensen anticipates short-term friction in India’s maritime sector due to US reciprocal tariffs. However, he emphasizes India’s strong fundamentals, including expanding port capacity and a skilled workforce, ensuring long-term resilience. Kristensen highlights rising demand for skilled maritime professionals driven by digitalization and decarbonization.

Fitch Ratings deems Adani Ports’ acquisition of North Queensland Export Terminal as credit neutral, highlighting its strategic importance for global expansion. The deal, awaiting approvals, involves equity shares for NQXT’s shareholders. Fitch anticipates stable leverage and a rise in global earnings contribution from 4% to 10%.

Cityflo, known for its premium daily commute bus service, is venturing into the four-wheeler rental market with its new ‘Luxe’ service. This expansion addresses the growing demand for reliable and high-quality car rentals in urban India, where existing cab services often fall short.