AM/NS India signs ₹16,000-cr investment deal with Gujarat Govt
GANDHINAGAR : Steel-manufacturer ArcelorMittal Nippon Steel India Ltd (AM/NS India) has signed Memorandum of Understanding worth ₹16,000 crore with the Gujarat government. The agreements include an investment for the construction of a ship-building and repair facility
Petronet LNG to set up LNG terminal on east coast of India
GOPALPUR : Indian LNG importer Petronet LNG Limited (PLL) has signed binding transaction documents with Gopalpur Ports to set up its maiden LNG terminal on the east coast of India. According to Petronet LNG’s
AD Ports Group and RSPA sign Definitive Concession Agreement to Develop and Operate Multipurpose Terminal in Safaga Port
CAIRO : AD Ports Group a leading facilitator of global trade, logistics, and industry, has today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (“RSPA”) for the
DP World promises ₹24,000 crore investments for Gujarat
GANDHINAGAR : Dubai-based DP World has promised to invest ₹24,000 crore in Gujarat for developing various logistic facilities in the state including a proposal to build a port at Nargol in South Gujarat. The
Ramayapatnam port set to begin ops in January
VIJAYWADA : Ramayapatnam port, one of the four major ports planned by the Andhra Pradesh state government, is likely to begin operations in the next few days. The first phase of the project is
Indian Navy centre’s report highlights maritime security threat from drone attacks in Indian Ocean region
NEW DELHI : In its November 2023 monthly report, the Indian Navy’s Information Fusion Centre – Indian Ocean Region (IFC-IOR) emphasised the increasing peril of drone attacks in the Red Sea and Northern Arabian
Hambantota Port receives over 6,000 tourists in 2 months
COLOMBO : Sri Lanka’s Hambantota International Port (HIP) said on Thursday that it received over 6,000 tourists in November and December this year. They were passengers arriving on five cruise liners that called at
Port Houston handles nearly 3.5 million TEUs in November
TEXAS : Throughout November 2023, Port Houston managed nearly 3.5 million TEUs, reflecting a 5% decrease compared to the record volumes of the previous year. While loaded export TEUs for November experienced a 2%