India’s first water metro project in Kochi to begin in July 2022

The country’s first water metro project Kochi Water Metro, linking ten islands surrounding the port city Kochi will begin on a pilot basis in July 2022.

The integrated ferry transport project in the Greater Kochi region is presented by Kochi Metro Rail Limited (KMRL).

It will be a socially inclusive transport system with an elite touch with an affordable label. Trial runs have already begun, and main terminal work has been completed. Kochi Water Metro, a subsidiary of Kochi Metro Rail Ltd, has streamlined 15 routes that cover 75 km, and the Cochin Shipyard Ltd is creating ..

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..