IPO-bound Shiprocket partners with CriticaLog, forays into premium shipping segment

Shiprocket, on its path to an IPO, is collaborating with CriticaLog to offer premium shipping services, venturing into the secure transport of valuable items like gold and diamond jewellery. This partnership aims to empower smaller jewellers by providing them with reliable logistics solutions, enabling them to compete effectively in the expanding e-commerce market.

Mumbai International Cruise Terminal (MICT) commenced operations, inaugurated by Union Minister Sarbananda Sonowal. Designed to accommodate 1 million passengers annually, the terminal can handle five ships simultaneously. Investment in the MICT project totaled Rs 556 crores. Agreements were also signed for infrastructure projects exceeding Rs 5,700 crores at Vadhavan Port, including container, bulk, and liquid […]

Adani Ports and SEZ Ltd is set to acquire North Queensland Export Terminal in Australia for USD 2.4 billion from a group company, marking its fourth overseas acquisition in two years. The non-cash deal, involving the issuance of new equity shares, aims to boost APSEZ’s global presence and volume targets, leveraging the terminal’s strategic location […]

Adani Ports & Special Economic Zone (APSEZ) is set to reacquire North Queensland Export Terminal (NQXT) in Australia from the Adani family for $2 billion. This non-cash deal, approved by the APSEZ board, aims to consolidate port assets and bolster overseas expansion. APSEZ will issue new equity shares, increasing the promoters’ stake.

Indian exporters brace for potential freight rate hikes following the U.S. decision to temporarily pause reciprocal tariffs, excluding China. This move has spurred a surge in shipments, straining container availability and potentially leading to double-digit rate increases. Experts caution that uncertainty and Red Sea instability compound challenges for India’s container logistics sector, heavily reliant on […]

Kandla Deendayal Port Authority (KDPA) has surpassed its goal of handling 150 million tonnes of cargo in FY24-25, confirmed by Chairperson Sushil Kumar Singh. This achievement was driven by collaborative engagement with port users and stakeholders, whose suggestions led to streamlined procedures and improved operational efficiency.

International shipping, accounting for 3 percent of global greenhouse gas emissions, took a major step towards becoming a net zero industry by or around 2050. The development is historic as shipping is the first industry to finalise a legally binding regulatory framework for reducing emissions. The agreement is a much needed win for multilateralism at […]

HMPL’s subsidiary, Square Port Shipyard, has partnered with Damen Technical Cooperation BV from the Netherlands to upgrade its shipyard in Dabhol, Maharashtra. The collaboration aims to construct ships for both domestic and international markets, enhancing Square Port Shipyard’s capabilities in shipbuilding and repair services. This partnership marks a significant step for HMPL in expanding its […]

The Union government, a bank consortium, and Adani Ports signed an MoU to provide Rs 817.80 crore Viability Gap Funding (VGF) for the Vizhinjam deep-sea port project. The Kerala government agreed to share 20% of its port revenue with the Centre. Despite requesting VGF as a grant, Kerala accepted it as a loan after no […]

The MSC Turkiye, one of the world’s largest and most fuel-efficient container ships, docked at Kerala’s Vizhinjam International Seaport for the first time, boosting the port’s global transshipment hub status. With eco-friendly design and a capacity of 24,346 TEUs, it highlights Vizhinjam’s ability to attract ultra-large vessels.