VOC Port: first Indian port to handle green ammonia import

Adani, PSA, JSW Infra Attend Pre-Bid Meet

Adani Group, PSA International, JSW Infrastructure, and J.M. Baxi Group recently participated in a pre-bid meeting for the Outer Harbour Box Terminal Project at V.O. Chidambaranar Port Trust (VOC Port) in Tuticorin, Tamil Nadu. The meeting aimed to provide insights and address queries from potential bidders interested in the development of this significant maritime infrastructure project.

The Outer Harbour Box Terminal Project is a crucial endeavour that aims to enhance the port's capacity to handle container cargo efficiently. With growing trade volumes and the need for modern infrast..

VOC Port authority seeks bids for Rs 70.56 bn Outer Harbour Terminal

The state-owned entity operating the port in Tamil Nadu's Thoothukudi district, V O Chidambaranar Port Authority, has invited bids for the construction of a container terminal in the port's outer harbor. The terminal is intended to have a capacity of 4 million twenty-foot equivalent units (TEUs) with an investment of Rs70.55 billion. In a notable departure from the usual approach of major ports under the Union government, the criteria for awarding the 45-year deal will be based solely on viability gap funding (VGF).

According to the tender documents, the project will be awarded to the ..

Salvage Success: Stranded Cargo Vessel Rescued Near VOC Port

In a remarkable feat of maritime expertise, a stranded cargo vessel near VOC Port has been successfully salvaged, averting potential environmental risks and restoring normalcy to port operations. The incident, which had initially raised concerns about navigational safety and potential cargo damage, has been resolved with precision and efficiency. The operation involved a collaborative effort from marine engineering experts and salvage teams. The vessel, having run aground in a challenging maritime scenario, was meticulously refloated and navigated back to deeper waters...

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..