DP World unveils Chennai's free trade zone

DP World Expanding Integrated Chennai Business Park

DP World, a leading global provider of smart logistics solutions, is expanding its integrated business park in Chennai, India. This move underscores the company's commitment to enhancing trade infrastructure and facilitating smoother logistics operations in the region.

The integrated Chennai business park, strategically located to serve as a key trade hub, offers state-of-the-art facilities for various industries. DP World's expansion initiative aims to further bolster these capabilities, catering to the evolving needs of businesses in Tamil Nadu and beyond.

With a focus on e..

DP World acquires distribution infra from AIM-Quoted Infrastructure

In a significant move, DP World, a global leader in port operations and logistics, has reportedly acquired distribution logistics infrastructure from AIM-Quoted Infrastructure India PLC. This acquisition underscores DP World's commitment to expanding its presence in the Indian market and strengthening its position in the distribution and logistics sector.

The infrastructure purchased by DP World includes distribution centres and related logistics facilities, strategically located to cater to the growing demand for efficient supply chain solutions in India. By acquiring these assets, DP..

DP World Acquires Distribution Infrastructure from AIM-Quoted Infrastructure India PLC

In a significant move, DP World, a global leader in port operations and logistics, has reportedly acquired distribution logistics infrastructure from AIM-Quoted Infrastructure India PLC. This acquisition underscores DP World's commitment to expanding its presence in the Indian market and strengthening its position in the distribution and logistics sector.

The infrastructure purchased by DP World includes distribution centres and related logistics facilities, strategically located to cater to the growing demand for efficient supply chain solutions in India. By acquiring these assets, DP..

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..