The Indian Centre’s decision to develop new passenger terminals at five major ports will pave the way for international cruise liners to enter India, said a top official of the Pune-based CruiseBay. CruiseBay offers 1,500 cruises from 35 cruise liners to over 100 destinations across the world. Right now, it has five offices and plans […]
Major Ports in India register positive growth of 3.77%
The major ports in India have recorded a growth of 3.77% and together handled 518.6 Million Tonnes of cargo during the period April to December, 2018 as against 499.7 Million Tonnes handled during the corresponding period of previous year. For the period from April- December 2018, Nine Ports Kolkata (incl. Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, […]
Bihar’s capital Patna on board the game-changing container cargo circuit on Inland Waterways
In a first for the city, Inland Waterways Authority of India (IWAI) vessel reached Gaighat terminal carrying container cargo from Kolkata along riner Ganga Patna and upcoming IWAI terminal at Kalughat to emerge as new hub for trade up to Nepal with river Gandak announced as National Waterway 37. Patna witnessed a new landmark in […]
China’s export container transport index edges down in October
China’s container transport for export purposes lost steam in October as the traditional peak season neared its end, according to data from the Shanghai Shipping Exchange. The average China Export Containerized Freight Index stood at 834.55 points in October, down 2.3 percent from a month earlier, the exchange said in a statement. Read the full […]
Asian territories retain unassailable lead in container shipping connectivity
China remained the trading nation best connected to others by sea in 2018 according to UNCTAD’s latest Liner Shipping Connectivity Index (LSCI), released alongside the Review of Maritime Transport 2018. The country’s LSCI number has increased by 88% since UNCTAD first compiled the index in 2004. The best-connected territories for seaborne trade were all in […]
Reviving ancient maritime silk road, Chinese container ship sets sail for Europe
While Piraeus [in the Mediterrenean] is China’s main port infrastructure project at the western end of the Maritime Silk Road, the many major seaports in China itself – Shanghai, Shenzhen and Hong Kong being the largest – constitute its eastern end. Between these two ends, the two most important strategic passages are the Strait of […]
Indian port projects worth RM790 billion in the works
Port-led development projects worth Rs 12 lakh crore (RM790 billion) will be awarded in the coming years, Indian shipping and road transport minister Nitin Gadkari said on Monday. Gadkari said projects worth Rs 1 lakh crore under Sagarmala programme are already in various stages of implementation. His ministry plans to undertake construction of four new […]