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JNPT Handles Over 5 Million TEUs… for the Second Consecutive Year

Mumbai: Port Wings News Network: Jawaharlal Nehru Port Trust (JNPT), India’s premier container port maintained its performance in FY20 and registered a throughput of over 5 million twenty-foot equivalent units (TEUs) in container handling, and becoming the first Indian port to scale the peak for two consecutive years (LY: 5.13 …

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Chennai Port Acquires 100 Percent Stake in Kamarajar Port

Chennai: Port Wings News Network: Chennai Port Trust (ChPT) on 27 March 2020 acquired 67% stake of its subsidiary Kamarajar Port Ltd. (KPL) for ₹2,383 crore, according to The Hindu report. “This agreement comes into force with immediate effect,” said P. Raveendran, chairman, ChPT. “Our immediate focus is to utilise …

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Adani Ports Declares Force Majeure at Mundra and Dhamra Ports

Mumbai: Port Wings News Network: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operating firm, has declared force majeure at its facilities in Mundra, Tuna and Dhamra in the wake of a three-week lockdown imposed by the government to check the spread of Corona Virus, reports …

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DP World Announces Strong Financial Results

Chennai: Port Wings News Network: DP World has announced robust financial results for the year ended 31 December 2019. On a reported basis, revenue grew 36.1% and adjusted EBITDA increased 17.7% with adjusted EBITDA margin of 43%, delivering profit attributable to owners of the Company, before separately disclosed items, of …

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Cochin Port Installs Wärtsilä Vessel Traffic Management System

Chennai: Port Wings News Network: The technology group Wärtsilä will upgrade its Vessel Traffic Management System (VTMS) installed in the Indian port of Cochin. The system was originally delivered in 2008, and by adding the latest technology, significant additional benefits can be gained. The order with Wärtsilä was placed in …

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Paradip Port Trust Observes 49th National Safety Day

Paradip: Port Wings News Network: “Enhance Safety & health performance by use of Advance Technologies” as the theme, observation of the 49th National Safety Day and Week began at Paradip Port Trust. Gracing the occasion as Chief Guest, Shri Rinkesh Roy, Chairman, PPT inaugurated Safety Week Celebrations. At an event …

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Chidambaranar Port Surpasses Previous Year’s Container Traffic

Chennai: Port Wings News Network: V.O. Chidambaranar Port, the economic engine of Southern Tamil Nadu, has handled 7.41 Lakh TEUs of Containers as on 02 March 2020 and has surpassed previous financial year’s Container Traffic of 7.39 lakh TEUs. According to a media statement, the port has achieved record container …

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