PORT AUTHORITY
High watermark: Why is India building its biggest port ever?
Vadhavan Port in Palghar district, operational by 2030, will cost Rs 76,220 crore and connect via the DFC. Supporting IMEC, it will handle 23.2 million TEUs by 2040. Challenges include proximity to Tarapur nuclear plant and relocating fishing activities. This 2019 initiative, highlighted by Amitabh Kant, boosts India’s trade.
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.
After a stop in Cuba, 2 Russian ships dock in Venezuelan port as part of 'show the flag' exercises
Two Russian naval ships, the frigate Admiral Gorshkov and the oil tanker Akademik Pashin, have docked in Venezuela's La Guaira port after conducting exercises in the Atlantic Ocean and a previous stop in Cuba. The visit, part of Russia's efforts to assert its naval presence in remote oceanic regions, underscores the strong ties between Moscow and Venezuelan President Nicolas Maduro's government. This move follows a pattern of close relations established by Maduro's predecessor, Hugo Chavez, and comes ahead of upcoming elections in Venezuela. The presence of Russian vessels has drawn attention amidst ongoing global geopolitical tensions.
Russia's Novorossiysk authorities limit beach access after sea drones attacks
The mayor of Novorossiysk, Andrei Kravchenko, announced that beach access in the Russian Black Sea port city would be restricted until 09:00 (0600 GMT) on July 3 due to ongoing operational activities following a reported sea drone attack. Kravchenko urged residents and visitors to avoid beach areas, embankments, and recreational zones along the water's edge during this period. The city has been on alert amid tensions, with accusations from Russia of attacks by Ukraine on its Black Sea ports and the annexed Crimean Peninsula, although details and damage assessments are often not fully disclosed by Russian officials.
New Mobile Number Portability rules to come into effect from Monday. Here's what it means for you
New MP rules from July 1: TRAI enhances telecom security with new Mobile Number Portability rules starting July 1, 2024. The amendments introduce a seven-day waiting period for Unique Porting Codes (UPCs) to combat SIM swap fraud, ensuring only genuine requests are processed and safeguarding mobile numbers from misuse and theft.
Trai amendments to MNP to curb SIM swap, replacement frauds to take effect from July 1
The regulator had notified the amendment in March 2024, after consulting stakeholders. The amendment adds an additional criterion for rejecting generation of the Unique Porting Code (UPC) required to port a SIM card to a different telecom service provider. "These amendment regulations are aimed at curbing the porting of mobile numbers by way of fraudulent SIM swap/ replacement by unscrupulous elements," the regulator said Friday.
- Go To Page 1
Suspected Houthi attacks target a ship in Gulf of Aden and Israeli port city of Eilat
Yemen's Houthi rebels launched suspected attacks early Wednesday, targeting a ship near Aden in the Gulf of Aden and the Israeli port city of Eilat. A missile reportedly struck close to a merchant vessel off Aden, with no reported damage. Meanwhile, a drone incident occurred near Eilat, triggering Israeli air raid sirens. The Houthis, known for such attacks, have not claimed responsibility yet. Their ongoing campaign aims to disrupt shipping in the region, citing the Gaza conflict as a motive.
Stocks in news: Adani Ports, Cipla, Prestige Estates, MCX, Lupin
Positive growth in domestic markets for the third consecutive week with a focus on Adani Ports, Cipla, Prestige Estates, MCX, Lupin. Updates on Thomas Cook India, SAIL, Wipro, Prestige Estates, Lupin, Cipla, MCX, TVS Motor, CSC Grameen eStores.
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.
Cabinet approves Vadhavan Port project worth over Rs 76,000 crore in Maharashtra
The Cabinet led by Prime Minister Narendra Modi has approved the construction of a new deep draft port at Vadhavan in Maharashtra, costing Rs 76,200 crore. Upon completion, this port, valued at Rs 76,200 crore, will rank among the world's top 10 ports. The project will be executed by Vadhavan Port Project Limited (VPPL), a special purpose vehicle (SPV) jointly formed by the Jawaharlal Nehru Port Authority (JNPA) and the Maharashtra Maritime Board (MMB), holding 74% and 26% shares respectively, according to an official statement.
Want a new phone number? It might come at a cost as Trai mulls fee
TRAI is considering implementing charges on smartphone and landline numbers, following a proposal to regulate numbering resources. TRAI views phone numbers as valuable public resources and suggests charging mobile operators, who may then pass on these costs to users. Potential charging methods include one-time or recurring fees per number or conducting auctions for vanity numbers. TRAI also contemplates penalties for operators holding unused numbers.
Singapore port container logjam worsens as ships avoid Red Sea
Singapore's port faces congestion due to vessel diversions to avoid Red Sea attacks by Houthi rebels, impacting global supply chains and causing delays in goods delivery.
India eyes Bangladesh's Mongla port
India is looking to operate the Mongla Port in Bangladesh and build a new terminal, aiming to counterbalance China's strategic presence in the region. PM Modi is expected to discuss this with PM Hasina, who plans to visit India soon. This move would expand India's port management in the Indian Ocean Region, following its operations in Chabahar and Sittwe ports. This comes amid concerns over China's infrastructure projects in neighboring countries.
Ships diverted from Red Sea send ripple effects across the globe
Supply chain managers paying for the services look to place order in advance as ships face extended journeys since they spend more time at anchor.
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.
Cyclone Remal hits Bangladesh coast as authorities evacuate over 8 lakh people
Severe cyclonic storm 'Remal' made landfall in Bangladesh, prompting the evacuation of over 800,000 people. The storm crossed the West Bengal coast and caused casualties, emphasizing the need for sufficient cyclone shelter capacity.
IMEC: Indian team in UAE discusses start of work on trade route
An Indian delegation visited ports in the United Arab Emirates, including the Port of Fujairah, to discuss kickstarting the India-UAE leg of the proposed India-Middle East-Europe Economic Corridor (IMEC) with customs authorities. The visit aimed at preparing the India-UAE leg of the IMEC while awaiting peace in the region for the Israel part.
Shipping Ministry working to reach 80 pc landlord model at major ports by 2030: TK Ramachandran
Speaking at CII Annual Business Summit 2024, Ports, Shipping and Waterways Secretary TK Ramachandran said Jawaharlal Nehru Port (JNPT) has become the first major port of the country to become 100 per cent landlord port, having all berths being operated on PPP model.
UAE launches 10-year Blue Residency visa; here are all the details
The UAE has introduced a new 10-year Blue Residency visa for individuals who have made outstanding contributions to environmental protection, whether on land or in marine environments. Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, announced the visa, emphasizing the importance of sustainability in the country's future. Eligible individuals can apply through the Federal Authority for Identity, Citizenship, Customs, and Port Security.
India eyes more Chabahar-like pacts: Ports Minister Sarbananda Sonowal
Sarbananda Sonowal, Union Minister of Ports, Shipping, and Waterways, stated that India aims to replicate the Chabahar port model in other strategic locations in the region to acquire additional assets. In an interview with ET, he emphasized that India is actively investigating opportunities to bolster its maritime presence and trade connectivity.
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.
Paradip Port emerges as largest Indian major port in cargo throughput in FY24
Paradip Port in Odisha has become India's largest major port in terms of cargo volumes, handling 145.38 million tonnes in FY24, surpassing Deendayal Port Authority in Gujarat for the first time in its 56-year history. The port achieved record coastal shipping traffic and thermal coal shipping, driven by improved operational efficiency.
IIM Indore partners with Land Port Authority of India
IIM Indore and LPAI signed a MoU to enhance land port management education in India and neighboring countries. The collaboration includes training, curriculum development, research studies, seminars, conferences, and internships for skill enhancement.
AAI upgrades Port Blair's VSI Airport from grade III to II
Veer Savarkar International Airport in Andaman and Nicobar Islands upgraded to grade II by AAI, enhancing administrative efficiency. New terminal building inaugurated by Narendra Modi. Passenger volume increases, ILS operationalisation to boost civil aviation.
'This will not take hours, weeks...We have a very long road ahead of us': Maryland governor on rebuilding of Key Bridge
Maryland Governor Wes Moore assured that they would take care of people, and emphasised the need to rebuild the bridge. The collapse of Baltimore's Francis Scott Key Bridge, following a collision with a container ship early on March 26, has brought trade through the Maryland port to a grinding halt, causing significant disruptions to the flow of commodities, particularly coal and cobalt.
US authorities begin interviewing personnel, including Indian crew members, onboard crippled ship
US authorities are investigating the collision of the container ship 'Dali' with Baltimore's Francis Scott Key Bridge. The National Transportation Safety Board (NTSB) has begun interviewing crew members, including Indians, on board. The 984-foot ship collided with the 2.6-km-long bridge, causing it to collapse into the Patapsco River. The ship's managers, Synergy Group, confirmed the safety of all crew members, with one minor injury. The Indian Embassy in the US is in close contact with the 20 Indian crew members.
Trai puts in additional conditions for MNP
Telecom regulator restricts porting after SIM swap to prevent fraud. Trai introduces rule denying UPC request within 7 days of replacement. MNP, launched in 2009, expanded to full number retention nationwide by 2015.
Adani Group keen to buy AAI's stake in Mumbai airport: Report
The Adani Group is considering a bid to acquire the stake held by the Airports Authority of India (AAI) in the Mumbai International Airport. However, the group is not interested in acquiring AAI's residual share in airports such as Delhi, Bengaluru, and Hyderabad. They also plan to bid for airports that the government may put up for auctions. The group's strategy is to focus on acquiring a controlling stake in the Mumbai airport, where they are already a majority stakeholder, rather than other airports.
Indian Coast Guard jetty inaugurated at Gujarat's Vadinar
Union Minister Ajay Bhatt inaugurated the Indian Coast Guard jetty at Vadinar, Gujarat, enhancing infrastructure in the strategically vital North-West region. The Deendayal Port Authority developed the jetty at a cost of Rs 74 crore. The ICG's North-West regional headquarters, established in Gandhinagar in 2009, oversees maritime security in Gujarat, Daman, and Diu. The ICG is also constructing jetties at Porbandar, Okha, and Mundra in Gujarat. The inauguration ceremony was attended by top officials, including Director General Rakesh Pal and Inspector General A K Harbola.
Load More
