India’s ports sector continued its financial recovery in fiscal 2015-16 after its 12 major state-owned ports, known as major ports, booked an increase in operating profit of 19 percent.
Port of Mumbai
18 Feb 2016
India will issue tenders in March for a consulting study on the development of a new transshipment port at Colachel on the Malabar coast on the southernmost tip of the subcontinent.
28 Jan 2016
Investment in India’s port infrastructure will reach $2.1 billion in fiscal 2015-16 and add 162 million tonnes (179 million tons) per annum of new capacity to the country’s 12 largest ports, according to the country’s Ministry of Shipping.
28 Dec 2015
Indira Container Terminal Pvt. Ltd. at India’s Port of Mumbai last week began container-handling at its offshore berth with the call of the Bahri Yanbu, ending months of uncertainty surrounding the future of the new, privately-developed cargo facility.
29 Oct 2015
After years of saying it was nearing completion of a new, privately-operated offshore container terminal, authorities at the Mumbai Port Trust are now looking to redesign and rebid the troubled project.
31 Aug 2015
Negotiations spearheaded by Indian Finance Minister Arun Jaitley and his other cabinet colleagues to avert a threatened general strike on Wednesday collapsed at the weekend, setting the stage for a big battle between labor unions and government authorities.
30 Apr 2015
Strong growth across multiple segments, especially intermodal, helped India’s Gateway Distriparks Ltd. deliver impressive results in fiscal year 2014-15, which ended March 31.