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
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
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
He said that, over the past 11 years, the Ministry of Ports, Shipping and Waterways (MoPSW) has transformed India's maritime sector with record growth in cargo handling, capacity and coastal shipping
Indonesian authorities intensified on Friday a search operation for 30 people missing after a ferry sank near the tourist island of Bali. The KMP Tunu Pratama Jaya sank almost half an hour after leaving Ketapang port in East Java late Wednesday for a trip of about 5 kilometres to Bali's Gilimanuk port. The search and rescue operation was halted Thursday evening due to visibility problems and resumed on Friday morning with more than 160 rescuers including police and soldiers, said Ribut Eko Suyatno, the deputy chief of operations at the National Search and Rescue Agency. Three helicopters and a thermal drone were deployed to conduct an aerial search over the waters of the Bali Strait, while about 20 vessels were mobilised for the sea search, Suyatno said. As weather forecasts predict high waves and rough waters around the Bali Strait on Friday, he said at least three navy ships to being deployed to replace small boats. Videos and photos released by the agency showed rescuers lookin
MSC IRINA boasts of an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping
Leading port companies plan capex, acquisitions to expand in the sector
India's major ports registered a 4.3 per cent rise in cargo handling to 855 million tonnes in 2024-25, an official statement said on Tuesday. The increase in traffic was driven by higher container throughput (10 per cent), fertiliser cargo handling (13 per cent), POL cargo handling (3 per cent), and handling of miscellaneous commodities (31 per cent) compared to the previous fiscal year, according to the statement. There are 12 major ports, wholly owned by the Government of India and governed by the provisions of the Major Port Authorities Act, 2021. These are Deendayal Port, Mumbai Port, Jawaharlal Nehru Port, Mormugao Port, New Mangalore Port, Cochin Port, VO Chidambaranar Port, Chennai Port, Kamarajar Port, Visakhapatnam Port, Paradip Port and Syama Prasad Mookerjee Port. Among commodities handled at major ports, Petroleum, Oil, and Lubricants (POL)-including crude, petroleum products, and LPG/LNG-led the charts with a volume of 254.5 million tonnes (29.8 per cent), followed by
The shipping regulator earlier banned all vessels from Pakistan from docking at Indian ports
Most shipments from Dubai take about nine days to reach Indian ports; thus, the shipping ban as well as the indirect import ban will only start showing up by this weekend, say experts
The govt said that the move is aimed at safeguarding Indian maritime assets, port infrastructure, and national interests
The Vizhinjam transshipment terminal, which began operations in July and has handled about 250 container ships so far, is forecast to attract about Rs 9,500 crore ($1.1 billion)
Many logistics firms are storing goods in warehousing or rerouting through Canada to wait out the tariff war
In exchange, the operator pays royalty based on cargo volumes to the port authority. There are around 24 captive waterfront facilities at major ports
The regulator has asked all relevant stakeholders to be in touch with its office and monitor communications from it regularly
Private ports see contraction in coastal cargo in FY25
Pipeline part of plan to push private investments as announced in Budget
The success of the International Longshoremen's Association in winning Trump's support for its anti-automation battle could be instructive for unions facing contract renewals during his term
Terminal Investment Limited Sarl (TIL) invests in, develops, and manages container terminals across the globe
The union and the port operators said in a statement that they would extend their master contract until Jan. 15, 2025 to return to the bargaining table