National Waterway-57 operationalised on Assam’s Kopili river, maiden cargo flagged off

Indian owners of three ships ask sanctions-hit Nayara Energy to release the vessels, sources say

3 months ago
Following EU sanctions, Indian vessel owners Seven Islands Shipping and Great Eastern Shipping Co (GESCO) have requested Nayara Energy to terminate contracts for three clean product tankers. Concerns over the sanctions have prompted this decision, impacting Nayara’s ability to sell refined fuel and leading to reduced refinery operations due to storage limitations.
Read More

EU sanctions Indian arm of UAE-based shipping company

3 months ago
Intershipping Services Hub’s Indian branch faces EU sanctions. Captain Abhinav Kamal is also sanctioned. He is the first Indian to face such action related to the Russia-Ukraine conflict. The EU accuses the company of aiding trade with Russian entities. Sanctions freeze European assets and restrict EU business. Non-EU entities can still engage with Intershipping Services […]
Read More

Average turnaround time at Indian ports falls to less than a day: Sonowal

3 months ago
India’s port turnaround time has dramatically improved, now under a day, surpassing many advanced nations, according to Union Minister Sarbananda Sonowal. This boost in efficiency, coupled with increased container handling capacity and cargo volumes, supports India’s ambition to become a global maritime hub. Policy measures are being implemented to further bolster the domestic shipping sector […]
Read More

Despite geopolitical tensions, India’s port sector expected to grow faster than major economies: Report

3 months ago
India’s port sector is poised for rapid expansion, outpacing many global economies, fueled by rising domestic consumption and government infrastructure initiatives. Cargo volumes have seen substantial growth, particularly in non-major ports. Ambitious targets are set to increase port capacity significantly by 2047, driven by factors like a young population and multimodal logistics, playing a crucial […]
Read More

L&T plans to invest Rs 1,000 crore in Katupalli shipbuilding complex: Reports

3 months ago
Larsen and Toubro will invest Rs 1,000 crore in its Katupalli shipbuilding complex. This investment aims to boost production capacity. The company plans to develop new facilities within its existing land. These facilities will include additional shops and skill development centers. The project is expected to start in October and complete in three years.
Read More

Adani Krishnapatnam Port moves SC against National Green Tribunal’s penalty over alleged environmental violations

3 months ago
Adani Krishnapatnam Port has appealed to the Supreme Court against the National Green Tribunal’s order imposing a penalty for alleged past environmental violations. AKP argues that the NGT’s decision was arbitrary and violated natural justice principles, citing inadequate hearing opportunities and reliance on unverified reports. The appeal challenges the tribunal’s directions regarding pollution control measures […]
Read More

DP World, DPA, Nevomo ink pact to explore autonomous magnetic rail freight movement in India

3 months ago
DP World, Deendayal Port Authority and Nevomo are collaborating. They will explore autonomous magnetic rail freight movement in India. A pact was signed to explore a pilot project. Nevomo’s MagRail technology will be used. It will enable self-propelled movement of cargo within the port. The MoU establishes a 750-metre pilot project at Deendayal Port.
Read More

Create your account