WebinarsNew
Deep DiveNew
Explore Business Standard
Paradip Port Authority has granted a 30-year concession to AM/NS India special purpose vehicle AMNS Paradip Logistics Pvt Ltd (APLPL) to mechanise CQ-III berth for handling dry bulk cargo on a captive basis. APLPL on Thursday said Paradip Port Authority (PPA) has formally granted the 30-year concession that will ensure seamless cargo movement, enhance AM/NS India's operational efficiency, and reinforce the company's commitment to environmental sustainability. The award of concession (AoC), handed over by the Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, on August 21, is in alignment with the central government's policy to promote coastal shipping as a fuel-efficient, economical, and environment-friendly mode of transport, it said. This arrangement will also enable APLPL to handle iron ore pellet shipments through a fully-mechanised conveyor system directly connected from AM/NS India's pellet plant complex to the berth at Paradip Port. Coastal shipping of iro
India's ports are transforming from cargo gateways into integrated logistics and industrial hubs, supported by publicprivate partnerships and global best practices, Secretary in the Ministry of Ports, Shipping and Waterways, Vijay Kumar, said on Wednesday. Addressing around 200 investors and industry stakeholders during a round-table held at the Singapore Maritime Week (SMW) 2026 here, Kumar pointed out, "India is steadily - and decisively - moving in the direction" to be in the best position to sustain growth, attract investment, and integrate into global value chains. He shared the growth reported by Indian ports, where capacity has been doubled, and the next frontier is to have world-class efficiency and transshipment. Cargo handling capacity has doubled since 201314, from 1,400 MTPA to 2,771 million tonnes per annum (MTPA), with a target of 3,500 MTPA by 2030 and 10,000 MTPA by 2047. In FY 202526, India's major ports handled over 915 million tonnes - the highest ever - registeri
Dredging Corporation of India is looking to more than double its topline to Rs 3,000 crore in the next five years, the company's MD & CEO Capt S Divakar said, adding that the company is looking to explore new markets and areas to achieve this goal. Visakhapatnam-based Dredging Corporation of India Ltd (DCIL) is the country's premier dredging company with around five decades of experience in dredging operations, maritime infrastructure and inland waterways. "We are one of the oldest dredging companies in the country. Growing consistently, DCIL reached Rs 1,148 crore topline 2024-25 which is around double of Rs 550 crore in 2015. We are eyeing to double it again. We are eyeing a Rs 3,000 crore topline in the next 5-6 years," the official said in a video interview to PTI ahead of the Golden Jubilee event of the company scheduled for March 29. To achieve the goal, Divakar said DCIL is looking to participate in new maintenance dredging tenders, reclamation projects and preparing to ...
A subsidiary of a Hong Kong-based company that has lost control of two critical ports on the Panama Canal said it is seeking USD 2 billion of compensation in damages from Panama over its "illegal" takeover of the ports. Panama Ports Company, a unit of Hong Kong's CK Hutchison Holdings, said in a Friday statement that it is demanding the sum under international arbitration proceedings that it had already started. Panama's government last week seized control of the Balboa and Cristobal ports on each end of the Panama Canal, a crucial waterway for maritime trade, after the country's Supreme Court declared earlier that a concession allowing the Panama Ports Company to run the pair of ports was unconstitutional. Panama Ports Company has operated the two ports since 1997 and renewed its concession in 2021 for another 25 years. Beijing and Hong Kong's governments had also hit back at Panama over the seizure of the two ports. The two ports came into the spotlight after US President Donald
Karan Adani, managing director of Adani Ports & SEZ Ltd, on Sunday said that the Adani Group will invest Rs 1.5 lakh crore over the next five years in Gujarat's Kutch region. Adani was addressing the Vibrant Gujarat Regional Conference (VGRC) for the Kutch and Saurashtra regions held in Rajkot in the presence of Prime Minister Narendra Modi, Gujarat Chief Minister Bhupendra Patel, Deputy Chief Minister Harsh Sanghavi, and several industry leaders. "The Adani Group is committed to investing Rs 1.5 lakh crore over the next five years in the Kutch region. We will complete our Khavda project and commission the full 37 GW capacity by 2030, and we will also double our port capacity at Mundra in 10 years," he said. Adani said that every one of these investments aligns with India's national priorities: employment generation, industrial competitiveness, sustainability, and long-term resilience. "At a time when the global economy faces uncertainty and fragmentation, India is emerging as a ..