The Jawaharlal Nehru Port Trust handles over 50 per cent of the country's container traffic.
The Shipping Ministry will award 30 port projects during the current financial year, which are likely to come up at an investment of about Rs 25,000 crore (Rs 250 billion).
One person was killed and three others were injured in a fire that broke out in a container yard near Jawaharlal Nehru Port Trust at Uran in Navi Mumbai on Wednesday, resulting in an explosion, police said.
A team of CISF marine commandos rescued dozens of passengers from a sinking tourist ferry off the Mumbai coast, preventing panicked parents from throwing their children into the sea. The commandos reached the accident site within minutes and prioritized rescuing children and other vulnerable passengers. They also administered CPR to several victims and helped recover belongings from the water.
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.
It had also washed its hands off the fourth container terminal at Jawaharlal Nehru Port Trust, despite making a winning bid, with Port of Singapore Authority as the lead partner.
Two persons were on Wednesday killed and nine others injured when a chemical-laden tanker fell from the Mumbra bypass here over hutments in an adjoining slum area.
Confronted with competition, state-run logistics companies are opting for joint ventures among themselves and with the private sector.
The Indian Navy has disposed 90 unexploded ordinances recovered during dredging operations carried out in the Arabian Sea off Mumbai.
Two Panamanian cargo ships collided on Saturday off the Mumbai coast causing an oil spill from one of the vessels but no casualties were reported, Indian Coast Guard officials said.
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).
India's involvement in the port development was not strictly under the international sanctions that had been imposed on Iran.
Two Chhota Rajan gangsters, held for their alleged involvement in the Jawaharlal Nehru Port Trust arms smuggling case, were on Tuesday remanded to police custody till July 26 by a local court.
On June 1, 2010, under Indian Ports Act, 1908, govt declared Port Blair as 13th major port in India
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.
With development of the Vadhavan port, India will break into the countries with top 10 container ports in the world.
Important appointments at these companies have been stuck for long
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.
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.
Modi stressed the need to enhance aviation infrastructure capacity to meet the rising demand for air travel.
Two passengers died and 75 others were rescued after a speed boat crashed into a ferry off the Mumbai coast. The ferry, carrying 80 passengers and five crew members, was on its way to Elephanta Islands when the speed boat circled it before crashing into it. The Navy and Coast Guard launched a massive rescue operation, with 11 Navy boats, three Marine Police boats, and a Coast Guard boat deployed. Four helicopters were also involved in the search and rescue operation. Police, Jawaharlal Nehru Port Authority personnel, and local fishermen are assisting in the rescue efforts. Chief Minister Devendra Fadnavis said that seven to eight passengers remain missing.
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Maharashtra Congress accused the govt of being biased against the state, and claimed that it was planning to reduce the importance of Mumbai as the financial capital.
The shipping business is like the heaving sea -- it's up and down, observes Shyam G Menon.
'Women and children were crying desperately for help.' 'We had to save them first.'
Adani Group is exploring legal options after being slapped with a Rs 5,500-crore tax notice, allegedly for overvaluing imported equipment, by the Mumbai wing of the Directorate of Revenue Intelligence.
JNPT, the country's largest container port at Navi Mumbai, and Kandla in Gujarat's Kutch, the largest port by total cargo, will come together to form a Special Purpose Vehicle to operate the terminal at Chabahar, under a revenue-share agreement with the Port and Maritime Organisation, Iran.
Iran's growing proximity to China may have also played a part.
Narendra Modi had stressed need for shifting focus from port development to 'port-led development' model to maximise gains
The 80-odd projects completed till now are already valued at Rs 14,000 crore.
Built in 1974, the building could fetch anywhere between Rs 1,000 crore to Rs 1,500 crore, based on current real estate prices
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
The prime minister took a ride in the metro train between Zero Mile Freedom Park and Khapri stations with some students. Before boarding the train, he visited an exhibition on the project at the Zero Mile station.
India owes Iran around $8.8 billion primarily on account of crude oil imports.
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