Work on Kerala’s Bhavanapadu, Bandar ports to begin

Work on Kerala’s Bhavanapadu, Bandar ports to begin

Work on the Bhavanapadu and Bandar ports is slated to launch soon, with the Ramayapatnam port work reportedly being done on a war footing. The anchorage port is being developed at a cost of Rs 1 billion under the Sagarmala Scheme. Chief Minister YS Jagan Mohan Reddy is giving priority to the development of ports in the state. For the benefit of fisherfolk, nine shipping harbours in the state are being developed, out of which five harbours have been completed and are ready to be inaugurated. ..

Aurobindo Realty set to win Ramayapatnam port EPC

Hyderabad based construction technology company Aurobindo Realty and Infrastructure Private Ltd is set to win the Rs 2,634 crore engineering, procurement and construction (EPC) contract from the Andhra Pradesh government for a new port at Ramayapatnam in Prakasam district.

During the initial bidding round, the Aurobindo-Navayuga joint venture (JV) had quoted 4.5% higher than the EPC value set by the State government. Megha Engineering and Infrastructures Ltd, the only other bidder i..

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..