Ports

Average turnaround time of major Indian ports nearly halves in 10 years

04 Dec 2024

The average turnaround time for the major ports in India has nearly halved to 48.06 hours in 2023-24 from 93.59 hours in 2013-14.

Goa to be developed as cargo and cruise hub

03 Dec 2024

The central government is investing Rs101.72 crore for developing international and domestic cruise terminals, besides a ferry terminal at Goa’s Mormugao Port

US port workers call off strike after tentative wage deal with employers

04 Oct 2024

US port workers across the East Coast and the Gulf of Mexico called off their three-day strike on Thursday, following a tentative deal with the employers group

PM inaugurates Tuticorin International Container Terminal

18 Sep 2024

Prime Minister Narendra Modi on Sunday inaugurated the Tuticorin International Container Terminal at the VO Chidambaranar Port in Tamil Nadu

Adani Ports acquires 80% stake in Astro Offshore for $185 m in cash

03 Sep 2024

Adani Ports and Special Economic Zone (APSEZ) has entered into a definitive agreement with Astro Offshore under which it will acquire a majority stake in the offshore support vessel operator for $185 million, in cash.

Modi dedicates 3 major projects at Cochin Shipyard to nation

17 Jan 2024

Prime Minister Narendra Modi today inaugurated three major projects at the Cochin Shipyard Ltd, involving total investment of Rs4,000 crore.

Adani to sell 49% stake in Ennore container terminal to MSC arm

18 Dec 2023

Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday announced a strategic partnership with Terminal Investment Limited (TiL), the container terminal operating and investing arm of Mediterranean Shipping Company (MSC), for the operation of Adani Ennore Container Terminal Pvt Ltd (AECTPL).

Adani Ports is in advanced talks to acquire Gopalpur Ports in Odisha

07 Dec 2023

Adani Ports and Special Economic Zone (SEZ) are reportedly in advance discussions with Shapoorji Pallonji Group to acquire Gopalpur Ports in Odisha.

The U.S. government probed Hindenburg claims before $553 million Adani loan

05 Dec 2023

The U.S. government has dismissed the corporate fraud allegations made by short-seller Hindenburg Research against Indian billionaire Gautam Adani.

Adani Group nears Rs 11 lakh crore market cap amid ongoing investigation in the Adani-Hindenburg case

28 Nov 2023

In a remarkable market recovery witnessed on Tuesday, 28 November 2023, shares of various Adani Group entities, propelled the market capitalization of the Gautam Adani-led conglomerate close to the Rs 11 lakh crore mark.

JSW gets mandate to develop Keni Port in Karnatakai

18 Nov 2023

The Rs4,119-crore Keni Port, which is designed to handle cape-size vessels, will have an initial capacity of 30 million tonnes and serve exporters in the North Karnataka region

The US pledges a $553 million investment in the Adani-owned Sri Lanka port to curb Chinese Influence

08 Nov 2023

In a strategic move aimed at countering China's influence in South Asia, the United States has pledged a substantial $553 million in financing for the development of a port terminal in Sri Lanka's capital, Colombo.

India's major ports handle record 795 million tonnes of cargo, post 10.4% growth

01 Jul 2023

US “interference” in Hamburg terminal deal spooks China

07 Nov 2022

CCEA approves Rs2,250.64 cr project to develop multipurpose cargo berth at Kandla

14 Oct 2022

India celebrates ‘Chabahar Day’ to promote INSTC link to Central Asian markets

02 Aug 2022

JNPCT awards 2 berths on PPP contract at a royalty of Rs4,520 per TEU

19 Jul 2022

Adani Group acquires stake in Israel’s state-owned Haifa Port

18 Jul 2022

JNPA handles record 5.68m TEUs in FY 2021-22

12 Apr 2022

Vadhavan to be developed as India’s 13th major port

01 Jan 2022

The Vadhavan port has a natural draft of about 20 metres close to the shore, making it possible for it to handle bigger vessels. Development of this port will enable cargo container vessels of 16,000-25,000 TEUs capacity