WATERWAY FREIGHT
Government to soon come out with a new shipbuilding, repair policy
The Ministry of Ports, Shipping, and Waterways is set to introduce a new Shipbuilding and Repair Policy under the 100-day action plan. Ambitious goals have outlined in Maritime India Vision 2030 and Amrit Kaal Vision 2047 to elevate India's shipbuilding industry globally. The initiative aims to revitalise the industry, increase the share of Indian-owned vessels in cargo transport, and seize a significant market opportunity by 2047.
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.
Red Sea turmoil sends economic shockwaves far and wide
With sailors demanding double pay and insurance rates skyrocketing, shipping lines are steering clear of a waterway that normally carries 12% of the world’s seaborne trade.
APM Terminals ties up with JNPA to develop terminal at upcoming Vadhavan Port
APM Terminals signed an agreement with Jawaharlal Nehru Port Authority (JNPA) to develop a container terminal at Vadhavan Port in Maharashtra. The project has an estimated cost of Rs 76,220 crore and a capacity to handle 23 million TEUs/254 million tonnes annually. The MoU was signed during the Vibrant Gujarat Global Summit 2024.
Govt to construct world-class cruise terminal in Varanasi: Sarbananda Sonowal
Union Minister Sarbananda Sonowal announced on Tuesday that the government has plans to build a world-class cruise terminal in Varanasi with the aim of enhancing river cruise tourism in the city. Speaking at an event related to the upcoming Global Maritime India Summit 2023, Sarbananda Sonowal emphasized the government's dedication to establishing a sustainable and contemporary maritime ecosystem.
Finance Minister Sitharaman reviews progress of NICDIT projects
India's Finance Minister, Nirmala Sitharaman, has reviewed the progress of the National Industrial Corridor Development and Implementation Trust (NICDIT). The project aims to develop "plug & play" information and communications technology-enabled smart industrial cities with the necessary infrastructure for the manufacturing sector. It is part of the PM GatiShakti National Master Plan and seeks to attract investment and position India in global value chains. During the meeting, Sitharaman emphasized the importance of freight and industrial corridors, railways and expressways, to ignite industrialisation and achieve India's economic development by 2047.
- Go To Page 1
California’s port dominance is slipping as US cargo shifts east
Some observers are concerned that the twin LA-Long Beach docks will struggle to remain the US’s No. 1 ocean gateway over the long run.
MV Ganga Vilas has put India and Bangladesh on world's river cruise map: Sarbananda Sonowal
Welcoming ‘MV Ganga Vilas’, the world’s longest river cruise at its culminating destination in Dibrugarh, Sonowal hailed it as a historic and path-breaking event to be witnessed in the Inland Waterways sector since India’s Independence 75 years ago.
Varanasi to become business hub through inland waterways under PM Gati Shakti scheme
The 2-day event under the aegis of Inland Waterways Authority of India (IWAI) is aimed to take a deep dive into the PM Gati Shakti NMP, its components and their significance as encompassing engines of economic growth. Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways inaugurated seven community jetties in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and other dignitaries.
Is Indian Railways' ambitious 'Mission 3000 MT' achievable?
The report, titled “Mission 3000 MT”, is a roadmap to achieve 3,000 million tonnes (MT) of freight by FY27, up from 1,418 MT in FY22. It has called for an expansion of network, augmentation of rolling stock and up to 30% reduction in cargo tariff for most commodities by 2026-27. This move, the report says, would help the Railways rebound in India’s cargo market and grab 45% market share.
The future of India’s efficient supply chain lies in your city’s ghats and rivers
Though India has a wide network of rivers, its inland waterways transportation potential is barely used. Some infrastructure building can give India Inc a cheaper and efficient way to move goods.
Road, shipping, rail ministry arms sign agreement to develop Multi Modal Logistics Parks
National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI), and Rail Vikas Nigam Limited (RVNL) will jointly develop MMLPs under Bharatmala Pariyojna across the country with an objective to centralize freight consolidation and reduce logistics cost from 14% to less than 10% of Gross Domestic Product (GDP), at par with International Standards.
Maruti, others use Railways to transport vehicles; move helps companies save on costs, reduce emission
As much as 16% of all passenger vehicles produced in the local market were transported via railways in the last financial year, a four-fold increase from 4.5% in FY18, shows data available with Indian Railways.
Gati Shakti assessment reveals infra gaps in over 131 projects
ET has gathered that as many as 80 projects have been identified by the Ministry of Shipping, Ports and Waterways, 38 by the Ministry of Steel and 13 by the Coal ministry where there are infrastructure gaps that other ministries need to address.
'Around 8,480 kilometres of waterways in Bangladesh could be utilised for transportation'
Around 8480 kilometres of the navigable waterway of Bangladesh could be utilised for transportation and distribution of goods between Bangladesh, India, Nepal and Bhutan-Khalid Mahmud Chowdhury, State Minister of Shipping, Government of Bangladesh
On 'Mission Hungry for Cargo', Railways mapping mining districts for higher freight transport share
Under its 'Mission Hungry for Cargo' initiative, the Railways is targeting a 45 per cent modal share in freight transportation from the current 27 per cent. As part of it, zones have been instructed to identify districts and survey the total produce of the mines in their regions and map the rail route around them.
Icra expects enhanced budgetary support for waterways, logistics sectors in budget FY23
According to the ratings agency, the government is also expected to continue its focus on improving connectivity across India and speedy implementation of projects like Bharatmala for the road logistics sector, dedicated freight corridor (DFC) for the railways and Sagarmala for the waterways.
Container shortage urgent matter, will resolve successfully: Ports Minister Sonowal
Amid the pandemic, the exporters globally, including in India are facing container shortage for quite some time now, though with the intervention of the shipping ministry and the shipping firms, the situation has somewhat eased.
Panama Canal breaks freight record despite pandemic crisis
The new record comes despite the global trade crisis caused by supply chain failures and port congestion created by the pandemic, which have caused shortages in some markets.
Ministers to meet Industry on high freight rates, container shortage
As per industry sources, China manufactures almost 85% of the global shipping containers. Moreover, Chinese ports are either closed or operating at much lower capacity due to the Covid-19, leading to a severe container shortage across the globe.
NRL and Inland Waterways ink MoU for transportation of cargo
According to government, the MoU will pave the way for making rivers navigable throughout the year by IWAI and assist in bringing large cargoes and capital equipment including single piece prefabricated process plants for refinery expansion projects.
How can India save $60 billion in forex every year? Start an international shipping line
It is an idea whose time has come. A shipping line along with a port-led development model is what can drive India towards economic growth.
Suez Canal crisis: Expect freight rates to spike further, caution industry experts
After being hammered by a container shortage, skyrocketing shipping costs is the latest headache for Indian exports.
India to invest $82 billion in port projects by 2035: PM Narendra Modi
"Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost effective and environment friendly ways of transporting freight," he said.
Sebi examines feasibility to introduce freight derivatives
Further, to prevent the fragmentation of liquidity among various stock exchanges in the commodities segment and to develop and deepen the commodity derivatives markets, Sebi will explore a proposal to allow only unique sets of commodities to be traded at each exchange.
Shipping Corporation to partner with IWAI to commence coastal shipping services
"We will announce a collaboration with Inland Waterways Authority of India (IWAI) very soon. We are commencing coastal shipping operations," SCI chairman and managing director HK Joshi said.
CCEA approves multi-modal logistics & transport hub, Paradip port deepening, industrial corridor nodes
The decision to set up a western dock was taken by the Union Cabinet in its meeting held on Wednesday, Ports, Shipping and Waterways Minister Mansukh Mandaviya said.
CIL seeks lower railway freight rate
Coal India Limited (CIL) has asked the government to lower railway freight rates for coastal and southern regions to make its fuel viable and encourage importers to switch to domestic supply.
Varanasi terminal: Modi's ambitious project to speed up economy
The terminal will help correct India's transport modal mix that imposes huge logistics cost on the economy.
Load More
