Mediterranean Shipping Company forced to rely on Indian ports

31 May 2024 CW Team

Congestion in Singapore is compelling Mediterranean Shipping Company (MSC), the world's largest container carrier, to increasingly utilise Indian ports like Kamarajar and Visakhapatnam for transhipment operations. MSC faces challenges in securing berths in Singapore and Colombo, prompting the use of Indian ports where they deposit containers for onward shipment. This strategic shift has notably boosted container volumes at terminals managed by companies like Adani Ports and Special Economic Zone Ltd (APSEZ) in Kamarajar and Mundra, where MSC recently acquired a stake. The recent docking of massive vessels like 'MSC Anna' and 'MSC Mara' signifies the growing importance of Indian ports amidst global congestion issues. Singapore's port congestion, stemming from factors like vessel diversions via the Cape of Good Hope due to security concerns in the Red Sea, is causing disruptions in container shipping routes, leading to delays and potential rate hikes. MSC's redirection of containers to Indian ports underscores the evolving dynamics of global trade routes and the increasing role of Indian terminals in mitigating congestion challenges.

(Source: ET Infra)

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..