CONTAINER HANDLING
Jawaharlal Nehru Port q1 container traffic up 10.6%
The port had handled 1,526,145 TEUs in the first quarter of 2023-24, Jawaharlal Nehru Port Authority (JNPA) said.
Trade routes in turmoil: Why Indian exports are piling up in Colombo and Singapore
About 75% of India's transshipped cargo is handled at ports outside India, and the major trade routes connecting India to various destinations, including Colombo, Singapore, and Port Klang, are currently experiencing strain.
How crews suffer when shipping costs are halved
Stories about ship food tend to focus on the luxuries of cruise liners, which boast of serving whatever diners want, or close.
How a Rs 76,220 cr port project aims to be a game changer for India’s trade trajectory
Can the Vadhavan port project help to realise India’s long-term maritime trade ambitions while also making a place for itself alongside the top container ports of the world?
Delivery boxes unhealthy: Nutritionist calls out Swiggy and Zomato over plastic containers; Zomato CEO responds
Celebrity nutritionist Luke Coutinho recently called on food delivery platforms Swiggy and Zomato to switch to biodegradable, non-plastic containers for food packaging. Highlighting the health risks of using plastic, especially for hot foods, Coutinho's appeal emphasized the need for safer food delivery practices. Zomato CEO Deepinder Goyal responded positively, promising to highlight restaurants that use food-safe packaging, while Swiggy is yet to respond.
Cabinet approves Rs 76,220 crore Vadhavan port
The Union Cabinet approved India's 13th Major Port at Vadhavan in Maharashtra worth Rs 76,220 crores. The project will create additional capacity and operate on a 'landlord model' under a PPP model.
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Nine Indian ports ranked among top 100 in Container Port Performance Index 2023
In the latest Container Port Performance Index (CPPI), released by the World Bank and S&P Global Market Intelligence, India's ports have achieved notable global rankings. Nine ports from India have been listed among the top 100 globally. Visakhapatnam Port secured the highest position among them, ranking 19th worldwide in 2023. Mundra Port also made significant progress, climbing to 27th place in the current rankings.
Adani gets Green nod for Rs 45,000 cr Mundra Port capacity expansion
Gautam Adani-led Adani Ports & Special Economic Zone Ltd (APSEZ) has received the key environmental and coastal regulation zone approval from the Centre to more than double the capacity of its flagship port located at Mundra to 514 million tonnes with an investment of ₹45,000 crore.
Adani Ports signs 30-year concession to operate container terminal at Dar es Salaam Port in Tanzania
Adani Ports and Special Economic Zone on Friday said its wholly owned subsidiary Adani International Ports Holdings Pte Ltd (AIPH) has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. The Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways, Adani Ports and Special Economic Zone (APSEZ) said in a statement.
Largest container ship to arrive in India docks at Adani's Mundra Port
Ports and Special Economic Zone Ltd (APSEZ)'s flagship Mundra Port created a milestone by welcoming the largest container ship ever to call at an Indian port after the MSC Anna vessel docked at the Mundra Port on Sunday, the conglomerate said in a press release.
Kolkata Port announces suspension of operations on Sunday night amid cyclone alert
Kolkata's Syama Prasad Mookerjee Port to halt cargo operations for 12 hours due to a cyclonic storm. Safety measures in place for dock workers' well-being.
Container volume likely to grow 8 pc to 342 million tonnes this fiscal: Report
The slated connection of the dedicated freight corridor to Jawaharlal Nehru Port in FY26, along with capacity additions by ports, is expected to drive growth in container volume over the medium term, it added.
The high price of slow lanes: How transport networks can make or mar the success of manufacturing hotspots
With India increasing the focus on exports, manufacturing hubs in the hinterlands have started playing a bigger role in powering the growth engine. However, these regions continue to face connectivity problems that make it difficult for traders to competitively price the goods in export markets.
Major Indian ports bettered efficiency and earnings in 2023-24
According to the centre, average container turnaround time reached less than a day in 2023-24 which is better than USA (1.5 days), Australia (1.7 days), Singapore (1.0 days). The improvement is on the back of investments in cargo handling equipment on berths and better supply chain visibility due to digitalization, officials said.
Adani Ports and Special Economic Zone handles 36.2 MMT cargo globally in April
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 12% YoY growth in April, handling 36.2 million MMT of cargo across most domestic ports. The growth was recorded across dry (+7% YoY), liquid & gas (+29%), and container (+14%) categories. APSEZ, part of Adani Group, is India's largest port developer and operator.
Technical Breakout Stocks: How to trade Havells India, Concor and ICICI Bank on Monday?
Stocks that were in focus include names like Havells India which was up nearly 5% to hit a fresh high, Container Corporation of India closed with gains of more than 6% and ICICI Bank closed lower ahead of results. Here's a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.
10 Stylish Hanging Planters to Add a Touch of Green to Your Home
Discover 10 stylish hanging planters that add charm and greenery to any space. From sleek modern designs to rustic chic options, these planters are perfect for indoor and outdoor use. Whether you have a small apartment or a spacious garden, find the perfect hanging planter to elevate your home decor and bring nature indoors.
F&O Stock Strategy: How to trade Container Corporation, ICICI Pru, IPCA Labs
Considering the prevailing conditions, three stocks have exhibited promising technical setups, presenting an appealing risk-to-reward ratio. They have been selected based on their option chain and technical analysis.
APSEZ breaks records: Handles 420 MMT cargo globally, sets new milestones in March 2024
The company announced that it achieved its highest ever monthly cargo volumes, exceeding 38 MMT in March 2024. Ten of APSEZ ports and terminals handled record cargo volumes- Mundra 180 MMT, Tuna 10 MMT, Hazira 26 MMT, Mormugao 5 MMT, Karaikal 12 MMT, Ennore 13 MMT, Kattupalli 12 MMT, Krishnapatnam 59 MMT, Gangavaram 37 MMT and Dhamra 43 MMT.
Port of Baltimore bridge collapse rattles supply chains already rocked by troubles in Panama and the Red Sea
The collapse of the Francis Scott Key Bridge has halted maritime traffic at the Port of Baltimore, leading to an estimated daily cost of $9 million and potential supply chain disruptions. While the port remains open to trucks, the incident is expected to impact workers and cause delays in package processing. In the long term, it adds pressure to already stressed supply chains, potentially shifting more freight to West Coast ports. Unlike other recent supply chain shocks, the fallout from this collapse is expected to be temporary.
Indian Embassy in US condoles "unfortunate accident" at Baltimore bridge; President Biden takes note of prompt action by ship's crew
The Indian Embassy in the US expressed condolences for the Baltimore bridge accident involving a cargo ship with an Indian crew. The ship's distress call saved lives before colliding with the Francis Scott Key Bridge, leading to fatalities and halting port operations. Authorities suspended search efforts for missing workers. President Biden pledged support for recovery efforts.
Baltimore bridge collapse and port closure send companies scrambling to reroute cargo
After the container ship Dali hit the bridge and brought it down early Tuesday, ship traffic entering and leaving the Port of Baltimore was suspended indefinitely. That will require rerouting vessels or their cargo to other ports, potentially causing congestion and delays for importers, said Judah Levine, head of research for the global freight booking platform Freightos.
Letter containing white powder sent to Donald Trump Jr.'s home
It's the second time white powder has been sent to the former president's oldest son. In 2018, his then-wife, Vanessa, was taken to a New York City hospital after she opened an envelope addressed to her husband that contained an unidentified white powder. Police later said the substance wasn't dangerous.
Can your mid-cap and small-cap mutual funds handle stress?
Fearing impending volatility, Sebi has called for extensive stress tests of all mid-cap and small-cap funds.
Hydrogen revenue jumps for world's biggest maker of shipping containers
Green hydrogen is viewed as crucial to decarbonising heavy industries including steel, cement and chemicals, as well as potentially playing a role in transport and clean energy storage.
Maersk, Hapag-Lloyd team up in shakeup of ship alliances
The announcement from Copenhagen-based Maersk and Hapag-Lloyd of Hamburg, Germany, marks another retooling of the world’s three major shipping alliances.
Spot container shipping rates soar 173% on Red Sea threats
The cost for goods from Asia to the Mediterranean increased to $5,175, Freightos said, adding that some carriers have announced prices above $6,000 for this route starting in mid-January.
Adani Ports sells 49% stake in unit to Mediterranean Shipping for Rs 247 crore
Adani Ports and Special Economic Zone Ltd (APSEZ) has partnered with Mediterranean Shipping Company's (MSC) Terminal Investment Limited (TiL) for the operation of Adani Ennore Container Terminal Pvt Ltd (AECTPL). TiL, an associate of MSC, is set to acquire a 49% stake in AECTPL from APSEZ for Rs 247 crore. This marks the second joint venture between the two companies, following their 2013 joint venture for Adani International Container Terminal Pvt Ltd (AICTPL).
Adani firm AICTPL handles over 3 lakh containers in November
Adani International Container Terminal Pvt Ltd (AICTPL) has become the first terminal in India to handle over 3 lakh containers in a month. In the initial 8 months of FY24, APSEZ handled 275 MMT of cargo. APSEZ's Dhamra & Ennore Ports recorded their highest-ever monthly volumes.
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