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Sarbananda Sonowal: 41mt coal to move via inland waterways in FY24
No plans to privatise ports, shipping
The Government of India clarified that there are no ongoing discussions about privatisation of shipping and ports. The Ministry of Ports, Shipping and Waterways (MoPSW) emphasised that all 12 major ports, which are entirely owned by the Central Government, have not been privatised. However, the government has shown openness to private sector participation through Public-Private Partnerships (PPPs). Under these partnerships, private entities can engage in specific projects, berths, and terminals through concession agreements. These agreements involve a competitive bidding process. The terms ..
Govt greenlights pilot projects for Green Hydrogen in shipping sector
The National Green Hydrogen Mission (NGHM) has received government approval for pilot initiatives focused on decarbonising the shipping sector through the utilisation of green hydrogen, as announced by the Ministry of New and Renewable Energy (MNRE).
This initiative, with a budget of Rs 1.15 billion (~$13.9 million) until the financial year 2025-26, is designed to promote the adoption of green hydrogen and its derivatives as a viable fuel for ship propulsion. The primary objectives include the retrofitting of existing ocean-going and inland waterways vessels with green methanol, green..
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..
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..
Chabahar unveils India's infrastructure strategy
The centrepiece of the Narendra Modi government's agenda is the construction of an extensive network of roads, highways, tunnels, bridges, airports, metros, and high-speed trains. However, one crucial aspect of Modi's ambitious infrastructure overhaul remains hidden from the view of voters.
Last week, The Economist pointed out that while most Indians may not directly engage with certain sectors, such as ports, these areas undergo significant transformations that impact their lives. The magazine noted substantial enhancements in the capacity and efficiency of ports, illustrating a deep..
