Vizhinjam Port bags ISPS code authorisation

India a talent pool for the global shipping industry

The freight ship collision that led to the collapse of a bridge in Baltimore, US, could have been a bigger catastrophe if not for the quick thinking by the 22-member Indian crew on board Dali. Sailors issued a Mayday call before the collision, allowing authorities to stop traffic on the bridge, preventing mass casualties. Dali is just one of many ships manned largely or wholly by Indian sailors. Global shipping, which carries over 90 percent of world goods trade by volume, will take a hit without Indian seafarers.
A quick look at India’s contribution to the global economy: India ranks t..

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..