Adani Ports has reassured investors that its Haifa Port in Israel is operational and insulated from the war between Israel and Palestine. The company stated that it is closely monitoring the situation and has implemented measures to ensure the safety of its employees. The Haifa Port contributes only 3% to Adani Ports’ total cargo volume.
Adani says Haifa Port operations normal, after shares fall on war fears
“Since berthing its first ship, MT Alpha on October 7, 1998, the port has consistently demonstrated a visionary approach, unwavering ambition and impeccable execution, positioning itself as one of the premier and technologically advanced ports on the global map,” the company said in a statement.
Shipping firms set up subsidiaries at IFSC
2 years ago
Deepesh Shah was speaking at a panel discussion on the concluding day of the 13th edition of the INMEX SMM India 2023 conference here. “We have received eight applications for ship leasing activities, with four approvals and four in-principal (approvals). Entities, formerly based in Dubai or Singapore, have established subsidiaries in the IFSC. This has […]
The National Action Plan for Green Shipping in India aims to promote eco-friendly practices and provide incentives for low-emission ships, according to the Director General of Shipping, Shyam Jagannathan. He highlighted the sector’s vision, which includes expanding port capacity, developing clean energy fuel hubs, promoting cruise tourism, and embracing digitalization. The ongoing maritime exhibition and […]
Elaborating on the announcement, Blue Dart Managing Director Balfour Manuel said: “Our annual rate adjustment primarily aligns with inflation and empowers us to maintain service excellence while addressing rising costs.” Blue Dart Express Limited, air and integrated transportation and distribution express logistics company, is a part of the DHL Group.
JSW Infrastructure, a commercial ports operator, aims to become a global company and grow its business, said JSW Group Chairman Sajjan Jindal. He highlighted the potential for creating ports in India that handle not only the country’s cargo but also that of neighboring countries. Jindal also emphasized the high logistics costs in India and the […]
Visakhapatnam Port will reach 100% landlord port model by 2030, says Port Authority Chairman Angamuthu
2 years ago
The Chairman of Visakhapatnam Port Authority, M Angamuthu, has stated that three more public-private partnership (PPP) projects will be awarded by the end of next year, bringing the total number of private berths in the port to 20 by 2025. Angamuthu also expressed confidence that Visakhapatnam will become a 100% landlord port by 2030, with […]
Major ports embrace transformation to ‘landlord ports’ in pursuit of efficiency and growth
2 years ago
Major ports in India, including Visakhapatnam port, are transitioning to a landlord port model, where private players take over the operational aspects of the business while the ports act as regulators and landlords. This shift towards public-private partnerships (PPP) is aimed at increasing efficiency and reducing costs. Currently, six private companies control eight out of […]
DHL Express will increase parcel delivery prices in India by an average of 6.9% from January 1, 2024. The annual price adjustment takes into account factors such as inflation and aims to provide stable and reliable services to customers globally. The price increase will enable the company to invest in improved solutions and enhance flexibility […]
“The total IPO is for Rs 2,800 crore, out of which Rs 880 crore will go towards the repayment of debts. About Rs 1,200 crore will be towards capex, and Rs 700 crore will be towards general corporate purposes.”