Sonowal flags off India's first international cruise vessel

Rapidx: Delhi-Meerut RRTS tunnelling nears completion

The civil work for the Regional Rapid Transit System (RRTS) project, spanning 82 km and connecting Delhi, Ghaziabad, and Meerut, is nearly completed by the NCRTC (National Capital Region Transport Corporation). The work in Meerut has been concluded, leaving only 2 percent of the work pending for the Anand Vihar-Vaishali section.

Puneet Vats, the chief PRO of NCRTC, mentioned that the underground civil construction of tunnelling work for the RRTS project is expected to conclude in about a week. The remaining work is specifically situated in the Anand Vihar to Vaishali section. This i..

Sonowal lays foundation stone for Inland Waterways Terminal in Dibrugarh

The foundation stone of the Inland Waterways Transport (IWT) terminal, which is to be developed at Bogibeel in Dibrugarh, Assam by the bank of the River Brahmaputra (National Waterways 2), was laid today by the Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways and Ayush. The cost of developing the tourist-cum-cargo IWT terminal is estimated to be Rs 460.60 billion, and it is expected to be completed by February 2024. The completion of this terminal is anticipated to have a significant impact on revitalising inland waterways transportation in the region for both cargo and pa..

Sonowal announces Dhubri port's infrastructure upgrade

Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways, stated that they would consider the establishment of a new warehouse and a new road for the benefit of stakeholders from Bhutan and Bangladesh at the Dhubri port.

Sonowal took part in a Stakeholders Meeting held in order to unlock the Export Import (EXIM) trade potential of the Dhubri port. The meeting, organised by the Inland Waterways Authority of India (IWAI), was attended by senior officials of IWAI, including Sanjay Bandopadhyay, Chairman of IWAI, and representatives from the Inland Waterways Transport of ..

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..