Adani ports commences ops at Colombo West International Terminal

JNPA and DP World to settle royalty dispute

7 months ago
The Jawaharlal Nehru Port Authority and DP World have amicably settled a longstanding royalty dispute through conciliation. The resolution involves additional cargo commitments from DP World’s NSICT, making them eligible for volume discounts. This compromise, expected to boost traffic and revenue at JNPA, entails recovery of Rs 705 crore through future volume-based royalty discounts.
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‘China has over 5,000 large ships, India less than 500’: Anil Agarwal calls for a shipping revival – ‘all hands on deck’

7 months ago
Billionaire Anil Agarwal has highlighted India’s weak presence in global shipping, contrasting its less than 500 commercial ships with China’s 5,000. He urged collective action to boost the Indian shipping industry, stressing that the public and private sectors must collaborate to leverage India’s coastal advantage and enhance its maritime capabilities.
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India can gain from impending US tariffs on China-made ships, says Safesea’s founder SV Anchan

7 months ago
Safesea’s founder SV Anchan believes India’s potential in the shipbuilding industry can be significantly enhanced by the US’s possible tariffs on Chinese-made ships. India can become a key player in shipbuilding with proper government reforms, favorable trade agreements, and investment incentives, leveraging its large workforce and strategic coastline.
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Lok Sabha passes Coastal Shipping Bill 2024; will give fillip to maritime commerce, says Sonowal

7 months ago
The Lok Sabha has passed the Coastal Shipping Bill, 2024, aimed at regulating vessels trading in Indian coastal waters. Union Minister Sarbananda Sonowal emphasized the bill’s importance for boosting maritime commerce and ensuring cooperative federalism. The bill encourages Indian-flagged vessels, excludes fisheries, and aims to optimize the country’s coastal resources for economic growth.
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