Private ports in India see double-digit growth in FY24

10% busy season charge on container traffic roils trade

Trade dissatisfaction is mounting in response to the Indian Railways' recent decision to impose a 10 percent Busy Season Charge on container traffic, with private ports and terminal operators actively seeking a reversal of the levy, which came into effect on October 1st.

Kevin D'Souza, the President of the Indian Private Ports & Terminals Association (IPPTA), a prominent industry advocacy group, expressed concerns in a letter dated October 5th addressed to Sushil Kumar Singh, the Joint Secretary of the Ministry of Ports, Shipping, and Waterways. Singh, an officer from the Indian Railwa..

Private port operators seek govt intervention as policy changes

A group of Indian private terminal operators—Indian Private Ports and Terminals Association (IPPTA)—has sought the government’s intervention to permit single cargo handling terminals to handle multi-commodities at major ports.

Some of the public-private-partnership (PPP) concessions at major ports allow the operators to handle only one commodity such as coal, iron ore, etc. The PPP projects are structured whereby the concessionaire bears traffic risk, whereas the concessioning authority secures revenue through a minimum guaranteed cargo mechanism.

According to the ..

Adani Ports now owns 100% of Krishnapatnam Port Limited

Adani Ports and Special Economic Zone Ltd (APSEZ) has acquired the remaining 25% stake in Krishnapatnam Port Ltd in Andhra Pradesh at a cost of Rs 2,800 crore from Vishwasamudra Holdings, making the port a wholly-owned subsidiary of the company.

Adani Group told the media that post-acquisition of the 25% stake for a cash consideration of Rs 2,800 crore, APSEZ's stake in Krishnapatnam port would increase to 100% from 75%.

Adani Group said with a waterfront of 20 km and 6,800 acre..

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..