Shipping Industry News

Market

Continuing volume momentum puts Indian ports in a good position

While India's export-import imbalance may be a cause for concern, the steady improvement in trade activity is brightening the prospects for ports and logistics firms

1 min read13 Dec 2018
Companies

Govt review coastal shipping rule relaxation: Nitin Gadkari

The shipping ministry will review the cabotage policy next year and introduce changes if Indian ships have been adversely affected by the rule, says transport minister Nitin Gadkari

2 min read22 Oct 2018
Companies

Shipping firms look to register abroad if govt scraps benefits

In May, the government order eased what is called the 'cabotage' rule, which allowed only Indian shipping lines to carry export-import containers for trans-shipment on local routes

4 min read11 Jul 2018
Industry

Gujarat plans to revive Mithivirdi, Vansi Borsi port projects

Mithivirdi and Vansi Borsi port projects may require an investment of 6,000-6,500 crore and Gujarat government is looking to bring in private developers ahead of Vibrant Gujarat Summit 2019

2 min read8 Jun 2018
Companies

Samsara Group, Lionforge vie for debt-laden Dighi Port in Maharashtra

Samsara Group and Hong Kong-based Lionforge Logistics have made separate bids to buy Dighi Port Ltd, a subsidiary of Balaji Infra Projects

1 min read25 Sep 2017
Politics

Major ports in India to take satellite port route for expansion

Government-run ports in Chennai, Paradip and JNPT in Mumbai are developing satellite ports as part of their expansion plans

3 min read1 May 2017
Companies

Shapoorji Pallonji’s port buy plan hits a hurdle

Karaikal Port promoters refuse to give up management control to Shapoorji Pallonji

2 min read27 Oct 2016
Companies

Shipping Corp. restarts ship purchases after a four-year hiatus

Shipping Corp. has agreed to buy a second-hand oil exploration support vessel for about $15 million

2 min read22 Apr 2016
Companies

ABG Shipyard to conclude equity sale deal by this fiscal end

The company is in talks with domestic and international investors for selling as much as 51% in the country's largest shipbuilder

1 min read17 Feb 2016
Companies

Shapoorji in talks to acquire equity stake in Karaikal port

Funds from likely deal to provide partial exit to existing investors, repay debt, infuse capital into business

3 min read9 Feb 2016
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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