Two large mergers and acquisitions deals in the ports sector involving Adani Group in the last few days have shown what some of India’s big, unlisted state-owned ports, much bigger than Krishnapatnam and Gangavaram by volumes handled, are missing out in terms of wealth creation. Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest.

Kolkata Port Trust has asked container lines to stop levying congestion surcharge of $800 per container on its customers as the improved depth at Kolkata Dock System (KDS) had rendered the extra charge unnecessary, and to lower the cost to importers and exporters, and to check diversion of cargo to other ports. Kolkata Port Trust,.

While a $133 million investment in Myanmar is not a big write-off for the firm under a worst-case scenario it is reputational risk, it added. CLSA also states their ESG score factors is a risk already and the company which has risen on thin volume, may see volatility from such controversy. CLSA has set a.

Visakha Container Terminal (VCT) has set a new ship productivity record of 110 moves per hour while handling the CHX service vessel Mexico, completing a total of 2113 moves in just 19.4 hours on 8 April 2021 with an average gross crane productivity of 28.8 moves per hour. The latest achievement of 110 moves per hour.

The Competition Commission of India (CCI) has approved billionaire Gautam Adani-controlled Adani Ports and Special Economic Zones Ltd’s acquisition of 89.6% stake in Gangavaram Port Ltd. Adani Ports and SEZ had earlier announced the acquisition of 58.1% stake in the port located in the northern part of Andhra Pradesh, next to Vizag Port, from D.V.S..

India’s first Floating Storage and Regasification Unit (FSRU) has arrived at H-Energy’s Jaigarh Terminal in Maharashtra. A statement from H-Energy said the FSRU Höegh Giant, which sailed from Keppel Shipyard, Singapore, was berthed at Jaigarh terminal in Maharashtra on Monday. This will also be the first year-round Liquefied Natural Gas (LNG) terminal in Maharashtra, the statement added. The LNG.

In August 2020, Karan Adani, chief executive officer of Adani Ports and Special Economic Zone (APSEZ) and scion to the Adani group, informed stock analysts on an earnings call that his flagship port—Mundra, in the gulf of Kutch—had become the busiest port in the country. After nipping at the heels of its closest competitor for container traffic, JNPT (Jawaharlal.

Reassuring locals that the proposed satellite port at Betul had been shelved, deputy chief minister Chandrakant ‘Babu’ Kavlekar said that all that remained is for the site to be denotified. Speaking on Sunday at Betul, Kavlekar said that he has discussed the issue with chief minister Pramod Sawant who has promised him that the government.

Kolkata Port Trust now called Syama Prasad Mookerjee Port has recorded its highest ever net surplus in at least a decade in 2020-21, a year initially blighted by the unprecedented disruptions caused by the pandemic. Despite cargo traffic volume coming down 4.14 per cent, the port managed to log in a 7.3 per cent rise.

Hit by disruptions caused by Covid-19, India’s 12 major ports witnessed a 4.59 per cent fall in cargo handling to 672.60 million tonnes (MT) in the just-concluded financial year, according to ports’ apex body IPA. These ports had handled 705 MT, 699 MT and 679 MT cargo in 2019-20, 2018-19 and 2017-18, respectively. Recently, Minister.