Cargo traffic at major ports drops 4.95 pc in Nov

India’s major ports saw a 4.95% dip in cargo traffic to 67.53 million tonnes this November. JNPA and Deendayal ports defied the trend with positive growth, while the other ten major ports experienced declines. Mormugao and New Mangalore ports faced significant drops, while Chennai, Visakhapatnam, and Mumbai also recorded lower cargo traffic.

Shipping lines are bolstering capacity to accommodate India’s burgeoning exports. Maersk, Hapag-Lloyd, MSC, and CMA CGM are introducing new routes and enhancing services, aiming to improve trade efficiency and reduce costs. This expansion comes as India’s merchandise exports surge and global logistics dynamics shift, creating opportunities for faster transit times and increased connectivity between India […]

Work on the Adani Group-led expansion of Sri Lanka’s Colombo West International Terminal is progressing as planned, despite uncertainty over $553 million in US funding after the indictment of Adani executives. The US DFC is still reviewing the loan commitment, with no funds disbursed yet.

India’s Shipping Ministry has launched a Rs 100 crore scheme to boost inland waterways transport by providing a 35% incentive for cargo movement on NW-1, NW-2, and NW-16. The scheme aims to shift cargo from road and rail to waterways, potentially diverting 800 million tonne Kilometre cargo. It also subsidizes scheduled services to demonstrate IWT […]

Adani Ports and Special Economic Zone Ltd (APSEZ) handled 36 million metric tonnes (MMT) of cargo in November 2024, with the container segment showing a 21% growth. In the first eleven months of 2024, APSEZ managed 293.7 MMT cargo, a 7% increase from the previous year. Logistic rail volume rose by 10% to 4.2 lakh […]

Uber has introduced its first water transport service in India, allowing users to book a shikara ride at Dal Lake, Srinagar, via its app. This service aims to boost tourism and provide a seamless experience for travelers. Initially, seven shikaras have been onboarded, with plans to expand the fleet based on demand.

Care Ratings has upgraded Gopalpur Port’s ratings significantly following its acquisition by Adani Ports and SEZ. The rating agency highlighted APSEZ’s strong track record in turning around port assets and addressed debt concerns with prepayment. However, cargo and client concentration risks and operational challenges remain.

The Adani Ports-led Colombo port terminal project in Sri Lanka is progressing smoothly, according to Sirimewan Ranasinghe, chairman of Sri Lanka Ports Authority (SLPA). The terminal, set to become operational in February 2025, is being developed to leverage Sri Lanka’s strategic location on major shipping routes, with significant investment from the US International Development Finance […]

The Central Government is investing Rs 1,010 crores for the development of Brahmaputra and Barak rivers in Assam, including approval of a new slipway in Majuli. This includes 12 floating terminals, 2 Multimodal Terminals, and a riverine-based religious tourism circuit. The Infrastructure development also targets improved road access and ship repair facilities.

Kerala’s Vizhinjam International Seaport project, led by Adani Group, receives a five-year extension to December 2024. The extension accounts for pandemic-related and natural disaster delays. A Rs 219 crore penalty has been imposed, with a portion payable immediately and the remainder contingent on project completion by 2028.