Category: Others

The Ministry of External Affairs (MEA) has granted approval to operate the Sittwe Port in Myanmar.

JSW Infrastructure is planning to venture into Gujarat by investing in a greenfield port.

On February 23, 2024, the Ministry of Ports, Shipping and Waterways (MoPSW) and the Indian Institute of Management (IIM), Shillong signed a memorandum of understanding to set up country’s first ‘Gati Shakti Research Chair’.

On February 16, 2024, the Union Minister of Ports, Shipping and Waterways launched ‘Sagar Aankalan’ guidelines for national benchmarking of Indian port performance index.

JSW Infrastructure has announced that it will spend Rs 60 to 70 billion to increase its annual cargo handling capacity by more than 40 per cent to 250 million tonnes over 3-4 years.

On February 1, 2024, the Union Minister of Ports, Shipping and Waterways launched two digital modules within the Sagar Setu (national logistics portal-marine) platform.

The Union Minister of Ports, Shipping and Waterways will launch digital modules on February 1, 2024.

The Adani Ports and Special Economic Zone Limited (APSEZ) has received approvals from the National Company Law Tribunal (NCLT) to acquire the remaining 58.1 per cent stake in the Gangavaram Port Limited.

The Government of Kerala has granted permission to the Beypore-Kochi-Dubai cruise service to start soon.

On October 14, 2023, passenger ferry service launched between Nagapattinam, India and Kankesanthurai, Sri Lanka.

Adani Ports and Special Economic Zone (APSEZ) has reported the it will sell 49 per cent stake in its Ennore Container Terminal to Mediterranean Shipping Company (MSC) for Rs 2.47 billion.

The Essar Group has signed three memorandums of understanding (MoUs) with the government of Gujarat for a total investment of Rs 550 billion.

The Adani Ports and Special Economic Zone (APSEZ) will raise Rs 50 billion by issuing non-convertible debentures and Rs 2.5 billion through non-cumulative redeemable preference shares.

The Container Corporation of India Limited (CONCOR) and NTPC Vidyut Vyapar Nigam Limited (NVVN) have signed a memorandum of understanding (MoU) to construct photovoltaic (PV) solar renewable energy projects within CONCOR terminals.

With the target to assist developing countries to reduce greenhouse gas emissions from ships, India has been selected as the pioneer lead country for the International Maritime Organisation (IMO) Green Voyage 2050 project.

As per reports, Adani Ports and Special Economic Zone (APSEZ) is in discussions with Shapoorji Pallonji Group to acquire its Gopalpur Port in Odisha for up to Rs 11-12 billion in equity value. 

The Ministry of Ports, Shipping and Waterways (MoPSW) has assigned top priority for critical projects in Assam to become operational by January 2024.

More than 800 projects, worth more than Rs 5.74 trillion, are being monitored under the Sagarmala Programme, which will be implemented by 2035.

Indian Oil Corporation Limited (IOCL) has proposed to expand the capacity of its liquefied natural gas (LNG) terminal located inside Kamarajar Port in Chennai.