The port said it was not able to secure an operator for its marine terminal, which was critical to securing further state aid to run the port through the rest of 2024.
There are signs of growth in the latest Cass Freight Index, but US transportation markets lack a catalyst that would accelerate volumes.
According to local port berthing updates, the Aries had an estimated time of arrival in Nhava Sheva of April 16, with some 2,400 containers planned for loading out of the port.