Adani Ports and Special Economic Zone handles 36 MMT cargo in Nov

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.

APM Terminals Pipavav partnered with CleanMax for a 25-year hybrid energy deal. The project combines 3.50 MW of wind and 1.06 MWp of solar power. This will supply the port with approximately 54 lakh kWh of electricity annually. The project aims to reduce carbon emissions by 3,822 metric tonnes yearly. APM Terminals Pipavav aims to […]

India will soon introduce two new shipping bills in parliament. These aim to grow coastal shipping and ease regulations. The bills address international obligations and domestic trade aspects. They will help integrate coastal and inland waterways. The government wants to increase India’s coastal shipping share. New provisions also support abandoned seafarers and simplify ship registration.

India is striving to secure a position among the top 10 global ship manufacturers by 2030, with aspirations of reaching the top five by 2047. The nation’s robust maritime sector, handling a significant portion of its trade, is key to this ambition. India’s strategic location on global shipping routes and its growing cargo handling capacity […]

The Chennai-Vladivostok maritime corridor is now open, cutting the time it takes to ship goods between India and Russia’s Far East by more than two weeks. Container ships carrying crude oil, metal, and textiles have already begun arriving in Indian ports.