AP Moller-Maersk, one of the affected entities globally, operates the Gateway Terminals India at JNPT.
'When we reached there only a small portion of the boat was above water and people were desperately clinging on to it.'
The trust has got the government's approval to set up a fifth terminal at the port. The terminal, which will have a capacity of 8-10 million cubic metre, is likely to cost JNPT Rs 20,000 crore (Rs 20 billion).
The proposal to sell the building to state-owned Jawaharlal Nehru Port Trust also comes after the government's efforts of Air India strategic disinvestment failed to take off.
The project has been delayed by three years, after a consortium of Port of Singapore and ABG Ports, which had won the bid by offering to share more than 50 per cent of the revenue with JNPT, backed off from the project, citing several reasons.
India's private and state government-owned ports (non-major ports) continued to grow faster than those owned by the Centre (major ports) through the first three quarters of 2023-24 (FY24), cargo handling data shows. At 604 million metric tonnes (mmt), cargo at major ports grew by 5 per cent between April and December, while non-major ports' cargo traffic growth was 11 per cent at 531 mmt. During December 2023, central government-owned ports in India handled cargo volumes of 69.9 mmt, a tepid year-on-year (Y-o-Y) growth of 0.7 per cent.
Jawaharlal Nehru Port Trust will raise Rs 450 crore (Rs 4.50 billion) to pre-pay high interest World Bank loan, the Lok Sabha was informed on Wednesday.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
The Delhi-Dausa-Lalsot stretch is set to reduce the travel time between the national capital and Jaipur considerably.
With development of the Vadhavan port, India will break into the countries with top 10 container ports in the world.
It is also felt that under the current market conditions, the building is unlikely to garner the kind of funds expected from a prime real estate at Nariman Point
JNPT, the country's largest container port, would soon move into congestion if cargo does not get lifted by importers in the next few days.
Built in 1974, the building could fetch anywhere between Rs 1,000 crore to Rs 1,500 crore, based on current real estate prices
The government is buying out the shares of India Ports Global, which are now held in a 60-40 ratio by the JNPT and Deendayal Port Trust in Kandla.
With over Rs 55,000 crore debt, Air India management has been trying to pare burden by monetising non-core real estate properties.
The shipping business is like the heaving sea -- it's up and down, observes Shyam G Menon.
The Indian Meteorological Department, meanwhile, warned of intense spell of 30 to 50 mm rainfall per hour with strong winds in Mumbai and suburban areas.
39-year-old Vinit Sancheti's life was snuffed out on January 25 by an errant driver. This is an appeal to find his killer.
The facility would be made available on a pilot basis, with complementary services.
The Fire incident took place late on Thursday night between Dahanu Road and Vangaon Railway Stations.
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
Gujarat, the home state of Prime Minister Narendra Modi and portrayed as 'growth engine' of India has witnessed a steep fall in new investments for the second quarter of 2014-15 compared to the first quarter of the same fiscal.
Shipping: Policy to increase India flagged tonnage soon
The protocol is being maintained with all help in case of fever or sickness to those on board.
Construction is supposed to begin in 2017, with completion slated for 2023.
Last week, the Union Cabinet decided to import 1.2 lakh tonnes of onions to improve the domestic supply and control prices, which touched Rs 100 per kg earlier this month.
The Jawaharlal Nehru Port Trust handles over 50 per cent of the country's container traffic.
A group of men were spotted moving suspiciously near a naval base at Uran in Raigad district.
Currently, India recycles around 300 of the 1,000 ships which are demolished per annum globally. However, countries like Japan, Europe and the US were not sending their ships for recycling to India in the absence of ratification of a global convention. That scenario is set to change with the Recycling of Ships Act, 2019.
But Down Under is a tough call due to shipment time and quality control issues.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances