Adani Ports to acquire additional 58.1% stake in Gangavaram Port
AHMEDABAD : Adani Ports and Special Economic Zone (APSEZ) has announced it will acquire the 58.1% stake held by D.V.S. Raju and family in Gangavaram Port Limited (GPL)
Victory for Iran: India nears completion of Chabahar
CHABAHAR / NEW DElHi : The second batch of equipment supplied by India has reached Chabahar, Iranian and Indian officials say, bringing New Delhi closer to full operation
Centre not handing over major ports to private parties: Mandaviya
NEW DELHI : The Centre is not handing over major ports to private parties and has only sought private sector participation in projects on PPP mode, Parliament was
India supplies second shipment of equipment to Iran’s Chabahar port
NEW DELHI : India has supplied the second shipment of equipment to Chabahar port in Iran, Union Minister Mansukh Mandaviya said on Monday. In January, India had supplied
Last ditch effort underway to salvage DP World-run transshipment terminal in Cochin Port
MUMBAI : The Centre-owned Cochin Port Trust and DP World are exploring ways to fund a ₹400 crore plan to deepen the channel of India’s only International Container
PSA Group’s volume & revenue up in 2020
SINGAPORE : PSA International Pte Ltd (PSA) handled 86.6 million TEUs in the year ended December 31, 2020, representing an increase of 1.7% from the previous year. PSA
Cargo traffic at 12 major ports falls for eleventh month in February 2021
MUMBAI : India’s top-12 ports witnessed considerable decline in cargo traffic for the eleventh straight month in February to 600.62 million tonnes (MT), according to ports’ apex body
Global Shipping Business Network officially incorporated in Hong Kong
HONGKONG : Global Shipping Business Network (GSBN) has incorporated in Hong Kong after securing the requisite regulatory approvals across multiple jurisdictions, and has officially started its operations to help accelerate
DP World announces resilient financial results for 2020
DUBAI : DP World Limited announces robust financial results for the year ended 31 December 2020. On a reported basis, revenue grew 11.0% to $8,533 million and adjusted
India places faith in Adani Group to build strategic box terminal in Colombo port
NEW DELHI : When India struck a government-to-government deal with Sri Lanka to build and run the West Container Terminal (WCT) at Colombo port to check China’s growing