Adani Ports Q1 Results: Net profit jumps 47% to Rs 3,113 crore, revenue up 11%
AHMEDABAD : Adani Ports and Special Economic Zones on August 1 reported a 47 percent on-year rise in its consolidated net profit to Rs 3,113 crore for the April-June quarter of fiscal 2024-25 (Q1FY25), helped by
Government accelerates Maritime Development with Key initiatives in Andhra Pradesh
NEW DELHI : In a significant update on India’s maritime infrastructure Minister of Ports, Shipping, and Waterways Shri Sarbananda Sonowal, gave written reply in the Parliament today, detailing major developments and investments within the
Veer selects Fosen Shipyard for wind power and Hydrogen Container Vessels
ATLANTA : Veer is one step closer to achieving breakthrough momentum for deploying the first clean container ship to cross an ocean: Veer has signed a Letter of Intent (LOI) with the selected shipyard,
India and Vietnam team up to preserve Maritime History with NMHC in Lothal, Gujarat
NEW DELHI : India and Vietnam, two nations with a rich and intertwined maritime history, are joining forces to develop the National Maritime Heritage Complex (NMHC) in Lothal, Gujarat. This partnership, rooted in centuries-old
PPA clocks the fastest 50 MMT cargo throughput in a fiscal
PARADIP : Paradip Port Authority cargo throughput zoomed past 50 MMT (Million Metric Tonnes) mark in current fiscal. After unforgettable last fiscal, PPA has made an auspicious beginning to FY 24-25 and total cargo
Adani Group mulls investment of $2 billion in Vietnam Port
AHMEDABAD : Adani Group is considering investment of more than $2b in Lien Chieu port, Vietnam’s coastal city of Danang, according to a posting on the Southeast Asian country’s govt website, citing co.’s Chairman
Paradip Port Authorities detain Chinese cargo ship over monetary dispute
PARADIP : The Paradip Port Authority (PPA) has detained the Chinese cargo vessel ZHE HAI 505 in response to an order from the Odisha High Court. The detention, carried out on July 31, was
Ocean container shipping market reaches a tipping point: Xeneta Analysis
OSLO : The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as spiralling short-term rates begin to soften. The Xeneta