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Bangladesh PM to open first-ever Matarbari Deep Seaport Channel

November 11, 2023 Trending News, Foreign Ports, Shipping
CHATTOGRAM : Prime Minister Sheikh Hasina on Saturday (Today) will inaugurate Matarbari deep seaport’s 14.3-kilometre-long artificial navigation channel stretching from the proposed terminal to the sea and lay the foundation stone for the construction

A plan to join the Red Sea with Mediterranean — an alternative to the Suez Canal : Report

November 11, 2023 International Shipping, Foreign Ports, Maritime, Ports, Trending News
It has been speculated that one of the reasons behind Israel’s desire to eliminate Hamas from the Gaza Strip and completely control the Palestinian enclave is to give itself the chance to better explore a dramatic

GMB to prepare a master plan for its non-major ports

November 10, 2023 Trending News, Maritime, Ports
GANDHINAGAR : Gujarat is taking its non-major ports (NMPs) operated by the Gujarat Maritime Board (GMB) to the next level with plans to enhance capacity, efficiency, safety, and sustainability of port operations. A master

Adani Ports Q2 results: Profit rises 4% to Rs 1,748 Crore

November 10, 2023 Ports, Company, Private Port, Trade, Trending News
AHMEDABAD : Adani Ports And Special Economic Zone on November 9 reported a consolidated net profit of Rs 1747.85 crore for the September quarter, registering a growth of 4.19 percent from the year-ago period. Profits were

Chennai Port signs MoU with Littoral Cruises Ltd. to enhance cruise service

November 10, 2023 Ports, Trade, Trending News
CHENNAI : The Chennai Port Authority on Thursday signed a memorandum of understanding (MoU) with Littoral Cruises Limited to enhance cooperation and bolster cruise shipping in the country. Starting February 2024, Littoral Cruises Limited

Adani flagship aims big on data centers with $1.5 billion capex planned

November 10, 2023 Ports, Business, Company, Trade, Trending News
AHMEDABAD : Adani Enterprises Ltd., the flagship of billionaire Mr. Gautam Adani, will spend around $1.5 billion on its fledgling data center business in the next three years, as growth focus returns at the Indian

Adani Group’s port terminal project secures $553 million funding from U.S. DFC : Karan Adani

November 9, 2023 Ports, Company, Container Terminal, Private Port, Trade, Trending News
COLOMBO : The U.S. International Development Finance Corporation (DFC) has recently pledged $553 million in funding for the Colombo West International Terminal Pvt. Ltd. (CWIT) project, a consortium involving Adani Ports and SEZ Ltd., John

Gujarat Pipavav Port net profit grows 51 pc to over Rs 107 cr in Jul-Sep

November 9, 2023 Ports, Container Terminal, Private Port, Trending News
PIPAVAV : Gujarat Pipavav Port Ltd on Wednesday posted a 51 per cent rise in consolidated net profit at Rs 107.6 crore for the September quarter, helped by higher income. It had clocked Rs

JSW Infra looks to bid for ports under govt’s privatisation plan

November 9, 2023 Ports, Company, Infrastructure, Private Port, Trending News
MUMBAI : JSW Infrastructure, India’s second biggest port operator by volumes, is keen to explore port privatisation opportunities being opened up by the government and is also exploring the mega transshipment port project at

Second Chinese ship carrying ship-to-shore crane for Vizhinjam Port to arrive on Nov 9

November 9, 2023 Ports, Shipping, Trending News
THIRUVANANTHAPURAM : A second Chinese ship will be arriving at the international deep-sea facility in Vizhinjam today on November 9, sources at the port said on Wednesday. The ship, Zhen Hua 29, would be carrying one ship-to-shore
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