GIFT City gets a booster dose as Budget doles out tax benefits for ship leasing companies
GANDHINAGAR : GIFT City, which is India’s only International Financial Services Centre (IFSC), has got a shot in the arm in the Union Budget as the government has introduced tax benefits for ship leasing
VOC Port creates New Record of handling of coal at NCB-II berth
TOOTHUKUDI : On 01.02.2025, the V.O. Chidambarnar Port Authority smashed its coal-handling record at NCB-II Berth, by creating a New Record of handling 30,789 tonnes of coal from MV Flag Tom, surpassing the previous
Adani Ports handles highest-ever monthly cargo of 39.9 MMT in Jan
AHMEDABAD : Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it handled its highest-ever monthly cargo volume of 39.9 million metric tonnes (MMT) in January, which was up 13 per cent
JNPA handled 635,665 TEUs of containers in January 2025 with a rise of 23.21% ; JNPA handled the highest-ever rail traffic of 101984 TEUs in January 2025
MUMBAI : Jawaharlal Nehru Port Authority (JNPA), India’s Best-Performing Port, handled 635,665 TEUs of containers in January 2025, which is higher by 23.21% as compared to traffic in January 2024. JNPA handled 6,013,086 TEUs
Union Budget 2025-26: Boost to shipping and aviation sector
NEW DELHI : For long-term financing for the maritime industry, the Union Finance Minister Smt. Nirmala Sitharaman has proposed to set up a Maritime Development Fund with a corpus of Rs 25,000 crore. Announcing
CONCOR boosting capacity, enhancing logistics by adding 6830 new containers
NEW DELHI : Container Corporation of India Ltd (CONCOR) expands its fleet with 6,830 new containers in current FY till 31st December 2024 , surpassing 51,000 containers in total. CONCOR provides Faster deliveries, improved
WISTA International Board to Convene in India for the First Time with a Focus on Sustainable Shipping
MUMBAI : For the first time in history, the Women’s International Shipping and Trading Association (WISTA) International Board will hold its mid-term meeting in India. This landmark event underscores WISTA’s dedication to fostering diversity,
Econowind passes 100th VentoFoil unit sold
ZEEWOLDE (NETHERLANDS) : Econowind has surpassed 100 VentoFoil units sold, marking a major milestone in the shipping industry’s shift towards Wind-Assisted Ship Propulsion. The increasing adoption of the VentoFoil system reflects shipowners’ drive to