JNPT
Dedicated Freight Corridor registers 47% increase in train trips in 2024-2025
Freight train operations on the Eastern and Western corridors have increased significantly. There is a 47 percent rise in train trips. Officials say that vacant train trips are about 34 percent of the total. Container products, coal, and miscellaneous items are the top commodities transported. The Dedicated Freight Corridor Corporation of India Limited is taking initiatives for growth.
India can explore alternative markets to offset US tariffs: MPEDA chief
India's seafood industry is proactively seeking alternative markets like Russia, the UK, and the EU to mitigate the impact of potential US tariff hikes. MPEDA emphasizes diversification of both markets and seafood varieties, drawing on past resilience. The US and China currently lead as top importers of Indian seafood, with frozen shrimp dominating exports.
India's seafood exports remain flat in 2024-25 at $7.45 bn
India's seafood exports remained relatively stable at USD 7.45 billion in 2024-25, although the volume of shipments decreased to 16,98,170 tonnes. Frozen shrimp continued to be the top export, with the United States and China being the primary importers of Indian seafood. The US imported seafood worth USD 2.71 billion.
Maharashtra govt inks MoUs worth Rs 42,893 crore; projects to create over 28,000 jobs
The Maharashtra government has signed MoUs worth Rs 42,893 crore with various companies for data centre and solar energy projects, expecting to generate 28,558 jobs. Chief Minister Devendra Fadnavis highlighted the state's emergence as a data centre and solar energy hub. The government is also renewing momentum for the hyperloop project with IIT Bombay and IIT Madras.
Metro trial run in Thane likely in September and operations by December: Shinde
Maharashtra's Deputy CM Eknath Shinde announced that Thane's Metro service trial run is slated for September, with full operations expected by December, enhancing MMR's connectivity. Preliminary work on Thane's internal Metro network has commenced, aiming for integrated transport. Shinde also highlighted efforts to alleviate Thane's traffic congestion and the successful rejuvenation of Jogila Lake, emphasizing the city's development.
Karanja Terminal promoters offer Rs 472 crore as settlement to lenders
Karanja Terminal & Logistics' promoters, led by Nikhil Gandhi, have proposed a ₹472 crore settlement to Canara Bank and other lenders against a ₹590 crore debt. This revised offer surpasses Prudent ARC's ₹460 crore bid made during a Swiss auction. KTPL operates a port and logistics facility near Mumbai, benefiting from good connectivity and upcoming infrastructure.
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Allcargo Terminals to raise Rs 38.28 cr through issuance of 1.32 cr fully convertible warrants
Multimodal logistics operator Allcargo Terminals Ltd (ATL) on Tuesday said it plans to raise Rs 38.28 crore through the issuance of up to 1.32 crore fully convertible warrants to the promoters/promoter group.
Drone survey for Vadhvan port completed: Officials
The drone survey for the Vadhvan Port project in Maharashtra's Palghar district is now complete, despite earlier protests from villagers concerned about their livelihoods. District officials met with local representatives to discuss demands, including higher compensation for land acquisition, employment opportunities, and rehabilitation for affected fishermen.
CBI books Tata Consulting Engineers, JNPT officials for alleged running of cartel
According to a first information report (FIR) filed earlier this week, Sunil Kumar Madabhavi, the chief manager (PP&D) of JNPT at the time, in conspiracy with Devdutt Bose, the then project manager of TCE, a Tata Group company, allowed complementary bidding in the tendering process. By doing so, they allowed the formation of the joint venture by the solely eligible bidders - Boskalis Smit India LLP and Jan De Nul Dredging India Pvt.Ltd. (also known as BSI-JDN JV).
JNPT surpasses pre-Covid traffic volume in FY22
The Port is performing exceptionally well even in the post-pandemic era by implementing a host of measures to make the business sustainable, efficient, economical and convenient, JNPT Chairman Sanjay Sethi said. It will continue to ensure timely and safe movement of EXIM trade with modern infrastructure, and novel technologies, he added.
JNPT prepares action plan to effect green initiatives
Under the Maritime India Vision 2030, JNPT intends to use 60 per cent of renewable energy, adoption of multi fuel (CNG, LNG and electric), shore power, LNG bunkering, and upcoming solar plants of 2.5MW capacity, among others, it stated.
JNPT reports 40.4 pc growth in container traffic in H1 FY22
JNPT operates five container terminals: The Jawaharlal Nehru Port Container Terminal (JNPCT), the Nhava Sheva International Container Terminal (NSICT), the Gateway Terminals India Pvt Ltd (GTIPL), Nhava Sheva International Gateway Terminal(NSIGT) and the newly commissioned Bharat Mumbai Container Terminals Private Limited (BMCTPL).
JNPT conducts trial operation at newly-constructed berth for coastal shipping
The coastal berth, which will provide better infrastructure for coastal shipping and decongest rail and road networks ensuring cost-competitive and effective multi-modal transportation solutions, is expected to handle about 2.5 million tonnes of coastal cargo such as break and dry bulk, among others, JNPT said.
JNPT's container cargo traffic rises 52.78 per cent in June
In terms of rail operations, JNPT handled 88,849 TEUS of ICD traffic from 548 rakes in June, with a 20.10 per cent rail-coefficient during the previous month, it stated.
Will the delay in acquiring land in Maharashtra for Dedicated Freight Corridor project affect JNPT port in Mumbai?
The greater the delay in acquiring land in Maharashtra the more the losses the JNPT could incur. Currently, the flagship DFC project faces major land acquisition bottlenecks in 16 locations in Maharashtra’s Raigad, Thane and Palghar districts, according to documents previewed by ET, making it clear that the rest of the project is unlikely to be wrapped up by June 2022, the new deadline set by DFCCIL, the railway entity anchoring the project.
Mundra Port to gain in short run due to partial DFC rollout: JNPT Chairman
"Each of the ports in Gujarat has its own strength and captive cargo catchment. Mundra with adequate capacity does stand to gain more initially. Predominantly, Mundra Port would pose a challenge to JNPT once the partial commissioning of DFC is done," said JNPT Chairman Sanjay Sethi
JNPT SEZ plans to attract Rs 4,000 crore investment, generate 72,600 direct jobs
The Jawaharlal Nehru Port Trust (JNPT) at Navi Mumbai (formerly known as the Nhava Sheva Port) is India's number one container port handling more than half of the container cargo across all major ports in India.
JNPT signs pact with Maharashtra's electricity distribution arm for power supply in port area
JNPT signed the memorandum of understanding with Maharashtra State Electricity Distribution Co Ltd (MSEDCL) following its board of trustees' approval on December 24.
PM's Navi Mumbai airport event: GVK asks Cidco, JNPT to share cost
GVK suggested that 60 percent of the total cost for the event be borne by the nodal plan authority Cidco and the JNPT, both state-run entities.
Steps taken to enhance IT infra security at JNPT: Government
One of the four terminals, run by Danish firm AP Moller- Maersk at JNPT, ranked among top 12 major ports in the country, was impacted by the 'Petya' ransomware attack.
JNPT inks pact with SBI, DBS for $400 million loan
ECB of $400 Million ($300 Million from the SBI and $100 Million from DBS) will be primarily utilised by JNPT for expanding the network of roads that connect to its port.
PM to lay foundation of 4th terminal at JNPT tomorrow
Prime Minister Narendra Modi will lay the foundation stone for the Rs 7,900-crore fourth terminal at country's largest container port JNPT tomorrow.
Singapore’s PSA International wins bid to build Rs 8,000-crore JNPT terminal
PSA International trumped Adani Ports & SEZ to win a bid to construct and manage the much-delayed Rs 8,000-crore fourth container terminal at JNPT.
Labour dispute at JNPT again, cargo activity slows at Gateway Terminals
Labour dispute has once again hit the Jawaharlal Nehru Post Trust (JNPT), substantially slowing cargo activity at its Gateway Terminals.
JNPT in pact with Dubai-based DP World for container terminal
Jawaharlal Nehru Port Trust today signed an agreement with Dubai-based DP World for development of a Rs 600-crore container terminal in Navi Mumbai.
JNPT to invite fresh bids for setting Rs 9,000 crore terminal
Global container operators are making a beeline to participate in the construction of a container terminal valued about Rs 9,000 crore at JNPT in Mumbai.
JNPT, DCI, Ennore Port get nod to raise Rs 3,500 cr via bonds
The Finance Ministry has given its nod to three Shipping Ministry-controlled entities - JNPT, Dredging Corporation of India (DCI) and Ennore Port - to collectively raise Rs 3,500 crore from tax-free bonds.
JNPT likely to scrap deal with DBC Port
JNPT's auditors discovered discrepancies in the rates charged by the company, which might lead to the deal being called off.
JNPT seeks government's help in port charges issue
JNPT, the country's largest container port, will seek the shipping ministry's intervention to lower port charges it pays to Mumbai Port Trust.
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