Centre to develop 23 river systems for cargo, passenger transport

Nagpur Airport: Mihan Dream grounded, vantage point lost

Nagpur's unique and strategic central location was once lauded for placing it on the nation's aviation map. It was hailed for its efforts in creating a harmonized air traffic management system with continuous airspace over the city, alongside establishing a centralized cargo hub. However, Dr Babasaheb Ambedkar International Airport is currently mired in apathy and has seemingly vanished from the national radar across various parameters, barely meeting the standards expected of a tier-2 city airport.

The airport, bearing its international tag, serves merely two flights to two foreign de..

Express Entry Revolutionizes Airport Cargo Transport

The latest announcement by the Expressway Authority marks a significant milestone in the realm of airport cargo logistics. The unveiling of a new road connecting the airport with an express entry point promises to revolutionize the transportation of goods, streamlining processes and enhancing efficiency like never before.

This groundbreaking initiative aims to bridge the gap between airports and express entry points, facilitating seamless movement of cargo across different modes of transportation. With the implementation of this dedicated route, delays in cargo handling and transporta..

Indian Ports Boost Efficiency, Earnings Soar

In the fiscal year 2023-24, major Indian ports showcased significant improvements in efficiency and earnings, underscoring the nation's maritime prowess and its crucial role in global trade. This period saw a remarkable surge in maritime activities, driven by various factors including increased trade volumes, infrastructural enhancements, and digitalization initiatives.

One of the key highlights of this period was the substantial growth in cargo handling across major Indian ports. With enhanced infrastructure and streamlined operations, these ports efficiently managed the influx of goo..

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..