Page 2 - Ports

From protest to prosperity: Vizhinjam port offers new hope for local youth

Just a few years ago, the name Vizhinjam was at the heart of fierce protests. Now, it is being spoken of as a symbol of opportunity and progress, especially among the youth in this coastal village. On Friday, Prime Minister Narendra Modi officially commissioned the Vizhinjam International Seaport, a project once met with strong resistance from the local fishermen community. Today, it stands as a source of pride and employment for many of those same residents. "Who wouldn't want a good job in their hometown?" asked Rahul, a young man from the fishermen community, stepping out of the port wearing his safety helmet and uniform. He is among the 35 per cent of port workers who are from Vizhinjam. Many more are hoping to follow his lead. The port has slowly changed public opinion in the area. Years of protests, supported by the local Church, brought life in Vizhinjam to a standstill for over four months. It was only after a meeting with Kerala Chief Minister Pinarayi Vijayan that the ..

NEERI to study environmental impact of Rs 76,200 cr Vadhavan Port project

The decision was taken following the Supreme Court's verdict in February, which directed the Centre to appoint an independent agency to assess the impact

Policy allowing captive port berths to PSUs by nomination likely soon

In exchange, the operator pays royalty based on cargo volumes to the port authority. There are around 24 captive waterfront facilities at major ports

At least 18 killed, 750 injured in explosion at Iran's Bandar Abbas port

Helicopters and aircraft dumped water from the air on the raging fire through the night into Sunday morning at the Shahid Rajaei port

Pahalgam terror attack: Merchant vessels told to be cautious at Pak ports

The regulator has asked all relevant stakeholders to be in touch with its office and monitor communications from it regularly

Jefferies bullish on ports; Picks JSW Infra over Adani amid tariff tensions

Jefferies noted that amid the tariff uncertainty, JSW Infra is placed better compared to Adani Ports

Cargo at state-owned ports grew by 4.4% to 855 mmt in FY25, shows data

According to the provisional data, Deendayal Port or Kandla Port and Paradip Port in Odisha handled the highest cargo out of all major ports at 150 mmt each

Centre introduces Indian Ports Bill 2025 to amend 117-year-old legislation

After previous opposition from states, bill takes reconciliatory approach on port powers, officials say

JNPA to become first Indian port with 10 mn TEU capacity by April 2025

The port hit the 7 mn TEUs handling milestone for the first time earlier this month

Going local for global: Bharat Global Ports to test waters at home first

Govt may give consortium domestic exposure

Govt plans to increase Chabahar Port capacity 5x in next 10 years

The signed Chabahar agreement includes a clause on cargo targets, but no penalties will be imposed if such traffic is not achieved

Govt unveils consortium of public sector companies to operate global ports

Move to streamline logistics, strengthen supply chain: Sonowal

ShipMin eyes salt lands for infrastructure expansion in major ports

Last year, DPIIT had sought unused salt lands from Centre and states

Adani lines up Rs 30K cr investment in Kerala for port, airport expansion

Gadkari assures Rs 3 trillion worth of road projects in state during current tenure of central government

Govt likely to stay with flexible PPP contracts on inland waterways

Nascent sector requires ability to be flexible with contracts, according to officials

JSW Infra Q3FY25 results: Net profit climbs 32% to Rs 335.62 crore

JSW Infrastructure on Tuesday reported a 32.35 per cent rise in its consolidated net profit to Rs 335.62 crore in the December quarter, driven by higher income. The country's second-largest private port operator posted a net profit of Rs 253.57 crore during the October-December period a year ago, according to a statement. The total income rose to Rs 1,265.31 crore in the third quarter against Rs 1,018.30 crore in the year-ago quarter. Its expenses stood at Rs 989.40 crore during the quarter from Rs 711.25 crore a year ago. During the quarter, the company handled cargo volumes of 29.4 million tonnes which is higher by 5 per cent over the last year, the statement said. The volume increase was driven by the increased capacity utilisation in the coal terminal at Paradip in Odisha, contribution from PNP port and Liquid Storage Terminal, UAE, it added. The increase in the third-party volume was stronger with 31 per cent year-on-year growth and the share of third-party in the overall vo

JNPA will become first Indian port cross 10 mn TEU capacity mark: Wagh

JNPA is expected to maintain steady growth, focusing partly on the under-construction Vadhvan Port

Govt likely to offer 35% subsidy for goods transport on inland waterways

This incentive will be provided only for long-haul movements on waterways - distances greater than 300 km - and will exclude any expenditure incurred on the first and last mile journeys

Former CMD alleges foul play in Kakinada port stake sale; files case

According to the complaint, 40 per cent of Kakinada Port, valued at Rs 2,500 crore, was forcibly acquired for just Rs 494 crore

JNPA records nearly 12% rise in Oct container traffic to 614,651 TEUs

Jawaharlal Nehru Port Authority (JNPA) on Tuesday said container traffic at its port rose 11.86 per cent year-on-year to 6,14,651 TEUs (twenty-foot equivalent units) in October. The port had handled a total of 5,49,487 TEUs of containers in October last year, it added. In the previous month, it handled 7.62 million tonnes of total cargo, 2.26 per cent more compared to the total cargo handled in October 2023. In October 2024, the port said, it handled 562 container rakes and 88,224 TEUs compared to 555 rakes and 88,412 TEUs in the year-ago period. In the seven months to October, the total container traffic grew 13.12 per cent year-on-year to 4,142,134 TEUs of containers, while the total cargo during this period stood at 52.42 million tonnes, recording a 5.6 per cent year-on-year growth, it said.