Apeejay Shipping acquires Japanese-built vessel, to pursue further fleet growth

Apeejay Shipping Ltd (ASL) on Friday announced the acquisition of a Japanese-built vessel with a deadweight capacity of 76,812 MT. The vessel adds significant strength to the Kolkata-based company’s fleet, now totalling 10 vessels and boasting of a combined deadweight tonnage (dwt) of 671,332 MT.

The MoU is aimed at powering PM Gati Shakti National Master Plan to boost India’s Act East Policy. NRL will export around 10,000 MT of Petroleum & Petrochemical products per month from IWAI Jogighopa Multi Modal terminal. NRL to set up POL Oil Terminal at Jogighopa Logistics Park with rail connectivity. This MoU is aimed […]

Sonowal underscored the importance of nurturing both worldwide and local collaborations while driving investments within the maritime sector. He further added, “India stands poised as the driving force shaping the next chapter in South Asia’s maritime history, evolving into the global epicentre of the blue economy.

Normal traffic is expected to resume through the Suez Canal within hours after two vessels collided. The collision occurred when an LNG carrier made a sudden stop due to a technical failure, causing an oil tanker to collide with it. Tugboats were sent to move both ships, and one has already been successfully towed outside […]

Global logistics and supply chain major CEVA Logistics has entered into an agreement with an affiliate of private equity firm Warburg Pincus and other entities to acquire controlling stake in tech-driven third-party warehouse and distribution service provider Stellar Value Chain Solutions.

The Centre is preparing a ₹12,000-crore inland waterway on the Brahmani river in Odisha to move goods from four industrial clusters to ports of Paradip and Dhamra. Under the proposed plan, the infrastructure component will be done by the government on an engineering, procurement and construction (EPC) model.

The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research’s critical report on the Adani group that was published in January.

At the 19th Maritime States Development Council meeting in Kevadia, Sonowal unveiled a vision for India’s maritime sector, outlining key initiatives that promise a transformative impact.

The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal attended the road show organised by Syama Prasad Mookerjee Port (SMPK) for the ensuing Global Maritime India Summit, 2023 (GMIS). The active participation of trade and industries in the development of port infrastructure and other facilities is imperative for the development of India as an […]

Professional services firm, MSKA Associates, will take over as the statutory auditor of Adani Ports & SEZ (APSEZ) following Deloitte’s resignation, which was prompted by differences over several transactions with APSEZ management. MSKA & Associates has been hired until the next APSEZ annual general meeting, to be held in 2024. The resignation of Deloitte increases […]