Shipping Ports

AI can save India up to ₹20,000 crore in port cargo handling: EAC-PM member

India needs to embrace new technology and can save up to Rs 20,000 crore by using AI for cargo handling at ports, said Member of Economic Advisory Council to PM Gourav Vallabh on Tuesday. Speaking at session 'AI-Powered Ports: Reimagining Efficiency and Operations' at the AI Impact Summit here, Vallabh said India is emerging as a global leader in the field of new technology. "There is an approximate saving by uses of AI of Rs 20,000 crore in our handling.. And every year we can save Rs 15,000 crore as far as the logistic cost is concerned," he said. The question is not whether AI will transform India's ports, Vallabh said adding "the question is whether we are going to lead it or not." He noted that India's logistics cost at 7.97 per cent of GDP is competitive, "but for Viksit Bharat 2047 aim, our ports should be intelligent and should have intelligent ecosystem." He said India needs accelerated policy initiatives to reduce the logistics cost. He pointed out that 95 per cent of

Mundra Port posts record auto exports, liquid cargo volumes in January

Adani Group's Mundra Port in Gujarat has recorded a sharp increase in automobile exports and liquid cargo volumes in January 2026, posting multiple operational records that highlighted the growing role of large, integrated ports in supporting India's trade and export flows. The port handled its highest-ever monthly automobile export volume, shipping 25,762 vehicles through its dedicated roll-on/roll-off (RoRo) terminal at Adani Mundra Container Terminal (CT2), officials said. The figure surpassed the previous monthly record set in May 2024, reflecting continued overseas demand for India-manufactured vehicles. Automakers, including Maruti Suzuki and Toyota, increasingly routed exports through Mundra during the month, with shipments destined for markets across Africa, Europe, East Asia, Australia, and the Middle East, according to port officials. Mundra also set a new single-vessel loading record in January, loading 5,701 vehicles onto a single ship, the highest number handled in one

Maersk to resume using Suez Canal route that could bring down freight rates

Shipping companies are weighing a return to the critical Asia-Europe trade corridor after vessels were rerouted around Africa in late 2023 after attacks in the Red Sea by the Houthis

Scheme to boost manufacturing of shipping containers on the table

Nascent estimates target Rs 12,000 crore outlay to achieve 600,000 containers production annually

Govt to set up Bureau of Port Security for vessels, port facilities

The government will constitute the Bureau of Port Security, a statutory body for the security of vessels and port facilities, which will ensure timely analysis, collection and exchange of security-related information, with a special focus on cybersecurity, officials said on Friday. Union Home Minister Amit Shah convened a meeting for the constitution of a dedicated body for ports and vessel security on Friday, which was attended by the Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, and the Minister of Civil Aviation, Ram Mohan Naidu, an official statement said. Modelled on the Bureau of Civil Aviation Security (BCAS), the Bureau of Port Security (BoPS) will be headed by a director general and will function under the Ministry of Ports, Shipping and Waterways, it said. The BoPS will be responsible for regulatory and oversight functions relating to the security of ships and port facilities, the statement said. The BoPS shall be headed by an IPS officer (Pay Level-15). .

Why did Seamec share price zoom 7% on December 11? Find all details here

At 12:15 PM, Seamec share price was trading 2.98 per cent higher at ₹1,043.70 per share. By comparison, BSE Sensex was trading 0.44 per cent higher at 84,762.60 levels.

Russia plans shipbuilding foray in India: First Deputy PM Manturov

Russia is exploring joint production of Arctic-class vessels in India, deepening maritime and logistics cooperation as cargo flows rise across the Chennai-Vladivostok and North-South corridors

Shipping rates surge 467% on conflicts, sanctions, supply disruptions

Vessels are spending more time at sea transporting cargo, contributing to the spike, and several shipping executives expect tightness in the broader market to continue

Dredging Corp surges 10%, Knowledge Marine hits 52-wk high; here's why

In the coming years, the Indian dredging industry is well positioned to benefit from both economic growth and strategic policy support by the Government of India to promote infrastructure development.

JNPA signs MoUs worth ₹2.2 trillion for port infra, Vadhvan port project

With five container terminals, JNPA is India's largest container port, having a capacity of over 10.1 million twenty-foot equivalent units (TEUs). It handled a record 7.3 million TEUs in FY25

India's maritime sector has transformed, now driving growth: PM Modi

At India Maritime Week 2025, Prime Minister Narendra Modi said India's new shipping laws, digital reforms, and strong maritime vision are propelling the sector's transformation

Trump port fees bring added headache for Chinese shipping companies

Cosco Shipping could face $1.5-2.1 billion in US port fees in 2026, OOIL up to $654 million, while non-Chinese carriers see limited impact due to use of non-China-built ships

US, China to roll out tit-for-tat port fees on shipping amid trade tensions

Early this year, Trump's administration announced plans to levy the fees on China-linked ships to loosen that country's grip on the global maritime industry and bolster US shipbuilding

Tamil Nadu inks ₹30,000 cr shipyard projects to create 55,000 jobs

Tamil Nadu signs MoUs with Cochin Shipyard and Mazagon Dock for Rs 30,000 crore projects in Thoothukudi, boosting shipbuilding, job creation and industrial revival in the south

JSW Infra zooms 52% in 7 mths; ICICI Sec sees further 24% upside; check why

In the past two trading days, JSW Infr stock has rallied 5% after the company signed a 30-year concession agreement with Syama Prasad Mookerjee Port Authority.

We are going to become world's no 1 economy by 2047: Sonowal at BS Infra

India will be world's no.1 economy by 2047, says Sarbananda Sonowal, citing port expansion, shipbuilding push, ₹11.2 trillion capex, and new maritime laws at BS Infra Summit

Scrapping of US-sanctioned tanker in India shows dark fleet pain

Contract II, a decades-old tanker linked to Iran sanctions, was sold at a discount and dismantled in Alang, India, amid tighter enforcement and rising risks for ageing dark fleet vessels

Sonowal to move shipping bill in LS; ST quota bill for Goa up for debate

Meanwhile, in Rajya Sabha, Union Home Minister Amit Shah will move a resolution to extend President's Rule in Manipur for a further period of six months

Minister Sonowal to inaugurate Bimstec ports conclave in Vizag on July 14

Union Minister Sarbananda Sonowal will inaugurate the second Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) ports conclave in Visakhapatnam on July 14. The two-day event, to be held until July 15, aims to enhance regional maritime cooperation under the BIMSTEC framework, said an official press release. "BIMSTEC enhances regional unity through maritime cooperation and trade connectivity, said T Venu Gopal, secretary, Visakhapatnam Port Authority. During his visit, the Union Minister of Ports, Shipping, and Waterways is also expected to inaugurate completed development projects and lay foundation stones for upcoming port infrastructure. Themed Navigating the Future: Blue Economy, Innovation & Sustainable Partnerships', the conclave will bring together ministerial delegations, port authorities, maritime experts, and business leaders from BIMSTEC member countries. Delegates from Bangladesh, Bhutan, Myanmar, Nepal, Sri Lanka, and Thailand have

Kamarajar, Paradip & Deendayal ports to soon accommodate cape-size vessels

Major ports have achieved a draft of 14 metres, while ports like Kamarajar, Paradip and Deendayal are progressing towards 18-metre draft to accommodate large shipping vessels due to policy initiative taken by the government to make India a regional transshipment powerhouse, Shipping Secretary T K Ramachandran said on Sunday. Transshipment has historically remained a missed opportunity for Indian ports, with 75 per cent of India's transshipment cargo routed through foreign hubs like Colombo, Singapore and Port Klang. "Major Ports have achieved a draft of 14 metres, while ports like Kamarajar, Paradip and Deendayal are progressing toward 18-metre draft to accommodate Panamax and cape-size vessels. "The upcoming Vadhavan Port in Maharashtra is being developed as a world -class mega port with a natural draft of 20 metres and a planned container handling capacity of 23 million TEUs, placing it among the top 10 global container ports upon completion," Ramachandran told PTI. A draft refe