Signs of recovery: Cargo handling at ports gains momentum

In an early indication of economic recovery, cargo handling in Indian ports is witnessing a spike. The trend was noticed since mid-December and gained momentum in January. Cargo handling at ports normally improves in December-January. But this year has been different due to sluggish economic growth during the last two quarters. The manufacturing sector suffered.

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DCIL all set to sell away its building in Vizag

The building constructed by the Dredging Corporation of India Limited (DCIL) in the Seethammadhara Housing Board Colony to run its corporate office has been put up for sale. The DCIL, in which a consortium of four major ports led by Visakhapatnam Port Trust (VPT) has acquired 73.47% equity last year by paying little over ₹1,000 crore, has.

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CONCOR to be partner in developing Machilipatnam Port: Balashowry

YSRCP Member of Parliament Vallabhaneni Balashowry on Friday said Container Corporation of India (CONCOR) would become a partner in developing the Machilipatnam Port. The CONCOR had proposed Rs 3,000-crore Integrated Logistics Manufacturing Zone (IMLZ) in Machilipatnam as a part of the port project, Balashowry said. He said a Special Purpose Vehicle (SPV) would be formed.

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Adani Ports sets eyes on GMR Group’s greenfield port/SEZ in Kakinada: Report

Adani Ports and Special Economic Zone Ltd (APSEZ) is set to buy an under-construction greenfield commercial port in Kakinada and the adjoining SEZ located at Kona village in Thondangi mandal of East Godavari district, promoted by the Hyderabad-based GMR Group. APSEZ, according to multiple sources, will take over the port and the SEZ fully from.

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Shortage of limestone affects work at Adani”s Vizhinjam port

The shortage of limestone, the most important raw material for the construction of Kerala”s dream port project — Vizhinjam — has affected the work at the port site, causing a delay in the project completion, which should have seen the berthing of a ship in 2018. On Thursday, the public undertaking committee of the Kerala.

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GSPC LNG terminal at Mundra Port goes onstream; 3rd facility in Gujarat

The Mundra port on Wednesday berthed its first Liquified Natural Gas (LNG) cargo at its terminal, multiple sources informed. This marks the commissioning of the India’s fifth and Gujarat’s third LNG terminal, which is jointly developed by Gujarat Government-run companies and Adani Group, through GSPC LNG Limited, an SPV. Neither the government nor the co-promoter.

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VPT moots international trade hub near airport

A free trade and warehousing zone (FTWZ) has been proposed to be set up by the Visakhapatnam Port Trust near the port exim park near the airport. The FTWZ, which will be spread across 106 acres, will be considered a special economic zone governed under the 2001 SEZ Act and SEZ rules, 2006. “The project.

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China and Myanmar to build new deep-sea port

A new deep-sea port will form the core of a new economic partnership between China and Myanmar after the two countries struck a series of infrastructure deals as part of the Belt and Road Initiative (BRI). According to international reports, the two parties agreed to develop a Special Economic Zone (SEZ) in Kyaukpyu in Myanmar’s.

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DP World increases its European footprint with 44% stake in Swissterminal

Dubai’s DP World is to purchase a 44% stake in Switzerland’s largest box terminal operator, Swissterminal, for an undisclosed sum. The agreement will see DP World Inland’s European terminal network expand from four sites in Germany and Belgium to nine with the addition of Swissterminal’s five locations. The deal will see the Mayer family continue.

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