Indian Ports News - Latest Updates & Headlines
Kandla Deendayal Port achieves milestone of handling 150 million tonnes in 2024-25
Kachchh, April 11: Kandla Deendayal Port Authority (KDPA) has met its ambitious target of handling 150 million tonnes of cargo in the financial year 2024-25, as confirmed by Chairperson Sushil Kumar Singh.
Will continue to strengthen maritime sector, ports: PM Modi
New Delhi, April 5: Prime Minister Narendra Modi on Saturday said the government will continue to strengthen the country’s maritime sector and ports, which play a crucial role in driving India’s progress and prosperity.
Crucial in strengthening India's foundation in maritime commerce: Sarbananda Sonowal on replacing old British-era Act
New Delhi, March 28: Union Minister Sarbananda Sonowal, while presenting the 'Carriage of Goods by Sea Bill, 2024' by replacing the colonial-era 'Carriage of Goods by Sea Act, 1925' in the Lok Sabha, on Friday, asserted that the passage of new Bill will boost India's legal foundation for maritime commerce.
Centre to introduce Indian Ports Bill, 2025 in Parliament today
New Delhi, March 28: Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, is set to introduce 'The Indian Ports Bill, 2025' in the Lok Sabha on Friday, according to the list of the business.
Indian port industry to grow 4-7 pc over next 5 years, supported by rising imports, declining freight costs: Report
New Delhi, March 16: Indian port industry will grow at the rate of 4-7 per cent over the next five years, supported by rising imports, a decline in freight costs, and the normalization of global supply chains, according to a report by Motilal Oswal.
Fitch affirms Adani Ports' 'BBB-' Rating, removes from Rating Watch Negative; outlook remains negative
New Delhi, March 12: Fitch Ratings has affirmed Adani Ports and Special Economic Zone Limited's (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' and removed it from Rating Watch Negative (RWN), while maintaining a Negative Outlook.
CISF ready with security road map for all ports in country
New Delhi, March 6: In a bid to strengthen the security of India's vast coastline, the Central Industrial Security Force (CISF) has meticulously crafted a security road map for all ports across the country, the force made the revelation a day ahead of its 56th Raising Day.
Sarbananda Sonowal unveils 'One Nation-One Port' to enhance efficiency with Ease of Doing Business
New Delhi, February 27: Union Minister Sarbananda Sonowal on Thursday launched a series of major initiatives by the Ministry of Ports, Shipping and Waterways (MoPSW) aimed at modernising India's maritime infrastructure, strengthening its global trade presence, and promoting sustainability.
Govt keen to promote shipbuilding in India: Piyush Goyal
New Delhi, Feb 26: India offers a huge opportunity for the shipbuilding industry and the Government is looking at ways to promote the sector, Union Minister of Commerce and Industry Piyush Goyal said.
Cargo handled at India's major ports surges to 819 million tonnes
New Delhi, Feb 5: The cargo handled at India's major ports has increased from 581.34 million tonnes in 2014-15 to 819.23 million tonnes in FY 2023-24, a compound annual growth rate (CAGR) of 3.5 per cent which is comparable to global standards, the Parliament was informed on Wednesday.
Cargo handling at Indian ports on the rise; up 3.5% CAGR since 2014-15
New Delhi, February 5: The cargo volumes handled by Indian ports year-over-year have been rising, with a growing economy and in line with its exports.
Adani Ports logs 32% net profit growth in first three quarters of 2024-25
Ahmedabad, January 30: Adani Ports and Special Economic Zone Ltd on Thursday reported a 32 per cent growth in its net profit in the first three quarters of 2024-25. The net profit for the period -April to December 2024--was Rs 8038 crore versus Rs 6089 crore in the year-ago period, the company's earnings data showed Thursday.
India's major ports record 3.2 pc rise in cargo during Dec, Deendayal Port leads
New Delhi, Jan 28: India's 12 major ports, owned by the Central government, handled 72.2 million tonnes of cargo in December, recording a 3.22 per cent growth over the same month of the previous year.
India to expand its maritime capacity six-fold: Sarbananda Sonowal
Mumbai, Jan 22: Union Minister Sarbananda Sonowal on Wednesday said that India is expanding its port capacity more than six-fold to reach 10,000 million tonnes per annum by 2047, marking the country's largest-ever maritime infrastructure drive as it positions itself as a global shipping hub.
APSEZ enters Top 10 list in 2024 S&P Global Corporate Sustainability Assessment Rankings
Ahmedabad, January 8: Adani Ports and Special Economic Zone (APSEZ) was ranked among the Top 10 global transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA), with a score of 68 (out of 100) -- a three-point improvement over last year.
Sarbanand Sonowal announces major projects to boost capacity at Kandla Port with likely Investment of Rs 57,000 crores
New Delhi, January 7: The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal announced major initiatives to boost the capacity at Kandla Port worth an investment of more than Rs 57,000 crores on Tuesday.