State-owned, unlisted major ports are missing out on wealth creation
Bringing all the 12 ports under a holding company for listing makes the valuations even bigger, suggests a consultant MUMBAI : Two large mergers and acquisitions deals in the ports sector involving Adani Group
World Bank urges governments to stop spending on LNG bunkering infrastructure
The World Bank has a new report out this week on decarbonising maritime transport in which it specifically recommends countries pull back from investing in further LNG bunkering infrastructure. WASHINGTON D.C. : The World
Shipping Companies put forward for Award for Exceptional Bravery at Sea
Two crews at the Danish shipping companies ’ESVAGT’ and ‘Maersk Tankers’ have today been put forward for a UN award for having displayed exceptional bravery at sea. The shipping companies have been put forward
CLSA gives ‘Outperform’ rating for Adani Ports despite the Yangon container terminal controversy
MUMBAI : Brokerage firm CLSA has an ‘Outperform’ rating for Adani Ports. As per the brokerage, because of the Yangon container terminal (YCT) controversy the company has got reputational risks, such as its removal
Long Haul for Ever Given Indian crew
Egypt seizes Ever Given with 25-member Indian crew, demands $900 million compensation The Suez Canal Authority said the amount was calculated on the basis of ‘losses incurred by the grounded vessel’ along with ‘flotation
Suez Canal Authority begins arrest procedures against MV Ever Given
EGYPT : Arrest procedures have been initiated against shipping vessel MV Ever Given, which had blocked Egypt’s Suez Canal and crippled world trade for nearly a week. The news was confirmed by a spokesperson
VCT sets ship productivity record for a Maersk vessel
Visakha Container Terminal (VCT) has set a new ship productivity record of 110 moves per hour while handling the CHX service vessel Mexico VISAKHAKHAPATNAM : Visakha Container Terminal (VCT) has set a new ship
Cargo handling at top-12 ports falls 4.59 per cent to 673 MT in FY21
Cochin, New Mangalore and Chennai ports suffered a sharp decline of about 7 per cent NEW DELHI : Hit by disruptions caused by Covid-19, India’s 12 major ports witnessed a 4.59 per cent fall