Govt finalising DPR of Rs 41,000 crore transhipment port at Great Nicobar Island

Plans for a Rs 41,000-crore transhipment port at Great Nicobar Island are set, with implementation starting soon. The project, receiving environmental clearances, involves public-private investments to achieve a capacity of 16 million containers annually. The first phase, costing Rs 18,000 crore, aims for completion by 2028. Additional infrastructure like an airport and power plant is […]

India’s maritime trade is not facing a container shortage, with the government tackling disruptions post-Red Sea crisis, according to Union Minister Sarbananda Sonowal. Due to ships diverting around the Cape of Good Hope instead of the Suez Canal, a times have increased by 35-40 percent, causing vessel congestion and delays at global ports. Efforts are […]

“The government is unlikely to push Concor’s strategic sale. There are some concerns from Railways Ministry as also investors,” the official said.

DTDC Express partnered with Skye Air Mobility to launch last-mile drone-based deliveries. It started with a successful 7.5 km delivery from Bilaspur to Gurgaon sector 92. CEO Abhishek Chakraborty highlighted the milestone partnership’s role in reshaping last-mile logistics amid digitalisation and changing consumer behaviors. The eco-friendly drone delivery aims to reduce carbon emissions and traffic […]

The Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, approved a significant project for the Jawaharlal Nehru Port Authority (JNPA) valued at Rs. 284.19 crore. This project aims to develop an Export-Import cum Domestic Agricultural Commodity-Based Processing and Storage Facility at JNPA, to be executed on a Public-Private Partnership (PPP) model.

Ministry of Ports, Shipping and Waterways has received 29 new proposals worth Rs 3,300 crore from Andhra Pradesh covering various projects, including port development and coastal berths, Parliament was informed on Friday. These projects include Ro-Pax and passenger jetties, fishing harbours, port modernisation, and skill development. The ministry has already sanctioned Rs 450 crore for […]

The global shipping industry faced significant challenges, with spot freight rates increasing by around 105% in three months. Companies like Bajaj Auto and CEAT experienced disruptions similar to the pandemic era, highlighting severe container shortages affecting various sectors, including agriculture and automotive.

The central government’s upcoming ship owning and leasing entity is set to gain from new permits for companies with a variable capital structure, as announced in the Union Budget 2024-25. Initiatives such as this are part of broader reforms aimed at revitalizing the Indian shipping industry, which has seen a decline in its share of […]

The budget also extends the period for exporting goods imported for repairs from six months to one year. Additionally, the time-limit for re-importing goods for repairs under warranty is increased from three years to five years.