Page 6 - Ports

Tata Steel signs 500 million pound-deal with UK govt for Port Talbot plant

Tata group chairman, N Chandrasekaran, said the agreement with the UK Government was a defining moment for the future of the steel industry and indeed the industrial value chain in the UK

Stopping by at Galathea Bay

India's proposed transshipment port in the Andamans needs the right development model

New corridor may drive big gains for rail, infrastructure companies

The plan may add to India's energy security and climate goals, according to experts

Multi-billion dollar India-Nigeria infra deal to boost agriculture, ports

The agreement, signed on Sept. 6 with Invest India, is expected to help the West African country industrialize its agriculture and manufacturing sectors and cut reliance on imports

US, Saudi Arabia, India discuss possible rail, port connectivity deal

The plans for a sweeping, multi-national ports and rail deal would come at a critical time. To counter China's Belt and Road global infrastructure push, Biden is pitching Washington

Govt aims to raise capacity of ports four-fold to 10K MTPA by 2047: Sonowal

The government has set itself a target of raising the country's port capacity to more than 10,000 Metric Ton Per Annum by 2047 from the current 2,600 MTPA, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said here on Saturday. The government will soon set up a Bureau of Port Security to upgrade security across all ports in the country, he said at the 19th Maritime States Development Council meeting at Kevadia in Gujarat's Narmada district near the Statue of Unity. "The country's total port capacity will increase from existing around 2,600 MTPA to more than 10,000 MTPA in 2047," a government release quoted him as saying. Sonowal said the country's maritime sector is poised for substantial growth with over Rs 10 lakh crore worth of investment opportunities identified, with the opportunity to generate employment for over 15 lakh youths. "In alignment with this vision, the role of private players is being progressively augmented, with public-private partnership ...

Centre to set up Bureau of Port Security soon: Sarbananda Sonowal

The minister highlighted the Centre's focus on sustainable development and shared about the Ministry's ambitious plan to develop Hydrogen Hubs across the Central Government and State Government ports

West Bengal has Rs 1 trn investment opportunity in port, logistics: Sonowal

Union Shipping Minister Sarbananda Sonowal on Monday said West Bengal has an investment opportunity of Rs 1 lakh crore in the port and logistics sector. He was optimistic about garnering greater interest from domestic and international investors in the 2023 edition of the Global Maritime India Summit. The minister was speaking at the Kolkata roadshow for the summit, which will be held between October 17 and 19 in New Delhi. Sonowal, the union minister for ports, shipping and waterways, is expecting participation from over 100 countries in the ensuing event and a higher number of delegates than the previous 2021 edition of the summit. In the conference two years ago, 475 MoUs were signed worth Rs 3.5 lakh crore, the minister said. He also stated that 75 per cent of the MoUs are "under implementation". The minister stressed the need to unlock investment opportunities in India's maritime sector from both domestic and overseas. He noted that the country has a policy of 100 per cent

Improved capacity, reduced turnaround time: India's ports mean business

Major ports have added more than 100 million tonnes in additional traffic since 2014-15

Mission Hydrogen: Gujarat, Tamil Nadu ports to develop green fuel hubs

The Centre also aims to have two Indian ships that will be powered by green hydrogen or its derivative fuels by 2027

Cargo traffic at major ports declines 1.96% to 64.63 MT in June: IPA

Cargo traffic at the country's major ports declined 1.96 per cent year-on-year to 64.63 million tonnes (MT) in June, with seven ports posting a negative growth while five such facilities saw a surge in traffic, an official release said on Tuesday. There are 12 major ports spanning across India under the administrative control of the central government. These 12 ports are Deendayal (erstwhile Kandla), Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), VO Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia). "During June 2023, the major ports handled 64.63 million tonnes of cargo against 65.93 million tonnes handled during the corresponding period of last year. The overall fall in traffic was 1.96 per cent," Indian Ports Association (IPA) said in a statement. Of the seven ports, which witnessed negative growth in June 2023, VO Chidambaranar Port saw cargo traffic declining 14.15 per cent followed by Kamarajar Port (9.55 per cent drop)

Adani eyes Rs 90,000 cr EBITDA in 2-3 yrs on the back of robust biz growth

Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach Rs 90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy, according to a company note. Earlier this month, the group repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. The ports-to-energy conglomerate is now looking at robust growth in sectors such as airports, cement, renewables, solar panels, transportation and logistics, and power and transmission, it said adding several of Adani's new infrastructure investments will also begin to fructify and generate cash in the coming years. Adani is expected to see an increase of more than 20 per cent in EBITDA on a consolidated basis in the coming years as it drives robust and sustainable growth across its business portfolio. Its target EBITDA of over Rs 90,000 ..

Plan in the works to hand over Karachi port terminals to UAE for funds

Finance Minister Ishaq Dar chaired the meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions

Reliance Industries resumes vessel operations at Sikka port in Gujarat

Several ports in Gujarat had suspended cargo operations last week due to unsafe weather conditions at sea

Operations at several ports, oil rigs halted as India prepares for Biparjoy

As India prepares for a powerful cyclone that is likely to hit its west coast this week, the govt has directed all offshore oil installations to ensure the immediate return of all staff

Guj Ports told to hoist warning signal as storms brews in Arabian Sea: IMD

All ports in Gujarat have been asked to hoist a warning signal as a depression formed in the Arabian Sea is likely to intensify into a cyclonic storm during the next 24 hours, the India Meteorological Department (IMD) said on Tuesday. Fishermen have been told not to venture into the deep sea due to the weather phenomenon, it said. Depression has formed over Southeast Arabian Sea and lay centered at 0530 hours IST of today, 06th June, 2023 near latitude 11.3N and longitude 66.0E, about 920 km west-southwest of Goa, 1120 km south-southwest of Mumbai, 1160 km south of Porbandar and 1520 km south of Karachi, the IMD said in a statement. It is likely to move nearly northwards and intensify into a cyclonic storm during next 24 hours over East-central Arabian Sea & adjoining southeast Arabian Sea during next 24 hours, it said. The weather agency has told that signal "Distant Cautionary-1 (DC-1)" be hoisted at all the ports of North and South Gujarat coasts. According to the IMD portal, .

Cargo traffic handled by major ports up 3.2% YoY at 68.06 MT in May: IPA

Cargo traffic handled by major ports in the country witnessed an annual rise of 3.2 per cent to 68.06 million tons (MT) in May this year, an official release said on Monday. These ports had handled a total of 65.94-million tons in May 2022, it said. During May 2023, the major ports handled a total 68.06 MT of cargo, against 65.95 MT handled during the corresponding period of last year, a year-on-year growth of 3.20 per cent, Indian Ports Association (IPA) said in a statement. There are 12 major ports, -- Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port. Of these, eight ports witnessed a surge in the cargo traffic handled by them during the previous month while the remaining four saw cargo traffic at their facilities declining on a year-on-year basis in May, the statement said. Syama Prasad Mookerjee Port (SMP), Kolkata Port (Includ

Adani Ports fourth-quarter profit takes hit from Myanmar port sale

Adani Ports had earlier this month said it sold its sanction-hit Myanmar port for $30 million, significantly lower than its investment in the project

Govt plans to develop Nehru Port as smart port within a year: Sonowal

The government plans to develop the country's premier container port Jawaharlal Nehru Port as a fully smart port within one year, Union Minister Sarbananda Sonowal said on Thursday. Speaking at the 34th anniversary of the JNPA, the Minister for Ports, Shipping and Waterways said the government wants the facility to compete with the best ports in the world. "The government will develop JNPA into a fully smart port within one year. We want it to be a fully electronically connected system for better services," the minister said. He also said that Jawaharlal Nehru Port Authority (JNPA) has seen 29 industrial units coming up in its SEZ under the Sagarmala Project. The SEZ project at JNPA is part of the port-led industrialisation plan, developed on 277.38 hectares of freehold land by the JN Port, incorporating the land use plan of the port. An initiative under the Sagarmala national flagship policy of the shipping ministry, the SEZ is aimed at boosting exports, generating employment, ..

Sonowal inaugurates Sittwe port in Myanmar; receives first Indian cargo

Union Minister Sarbananda Sonowal and Myanmar's Deputy Prime Minister Admiral Tin Aung San on Tuesday jointly inaugurated the Sittwe Port in Myanmar and received the first Indian cargo ship, according to an official statement. The cargo ship was flagged off from Syama Prasad Mookerjee Port, Kolkata. With the development of Sittwe Port, the cost and time of transportation of goods between Kolkata and Agartala and Aizwal will decrease by 50 per cent, the statement said. "This will promote trade connectivity and people-to-people ties between India and Myanmar and the wider region, and will help boost the economic development of NE states under Act East Policy of the government," the statement quoted Sonowal as saying. In his remarks at the inauguration ceremony, the minister for ports, shipping and waterways highlighted the close historical, cultural and economic ties between India and Myanmar, particularly the Rakhine State of Myanmar. He reiterated India's longstanding commitment .