India’s Ports sector set for major growth with 500-550 MTPA capacity expansion annually by FY2028
NEW DELHI : India’s Ports sector is poised for significant growth between Financial Year (FY) 2023 and FY2028, with the sector projected to add 500-550 MTPA (Maximum Torque Per Ampere) of capacity annually, according to a
Economic Survey 2024-25 : Port Capacity improves significantly in FY 2025, Average Container Turnaround Time reduces substantially
NEW DELHI : The Economic Survey stated that the capacity addition in physical connectivity sectors stayed on course during FY25. India’s development aspirations in the coming decade entail substantial investment in infrastructure, states the
Indian Ports sector rebounds with 5.3% YoY growth in Dec 2024
NEW DELHI : The Indian Ports sector witnessed a 5.3 per cent year-on-year growth in December 2024, marking a recovery after a two-month decline of 1.8 per cent year-on-year during October and November. This
J.Scindia meets FM to discuss India Post’s path to profitability
NEW DELHI : Communications Minister Shri Jyotiraditya Scindia has met Finance Minister Smt. Nirmala Sitharaman to discuss India Post‘s path to profitability, an official release said on Saturday. Scindia, along with officials from the
DG Shipping made mandatory CCTV systems on Indian-flagged merchant vessels and foreign flag vessels visiting Indian Ports
MUMBAI : The Directorate-General of Shipping has mandated that all the 1,530-odd Indian-flagged merchant vessels exceeding 500 gross tonnage should install Closed Circuit Television (CCTV) systems. This follows recent incidents aboard vessels, including disappearance
Gujarat leads in cargo handling; 581.63 MMT handled in 2023-24 across major, non-major ports
GANDHIDHAM : Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal, informed in reply to a question in the Lok Sabha during the ongoing session of Parliament, shared this informationGujarat continues to dominate cargo
India’s cargo capacity boost : The Rs 2 lakh crore transformation unveiled
NEW DELHI : Indian Ports controlled by the State governments, handle nearly half of the country’s total cargo movement, have put forward capacity expansion plans worth over Rs 2 lakh crore to the central
Container freight rates take a dip amid sluggish exports from India in Sept
NEW DELHI : Freight rates on the main trades out of India got down in September as the pace of exports slowed. On the westbound India-Europe trade, average spot rates for loads from West