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Latest Articles in Ports

Oil Drops 1% As Rising Coronavirus Cases End Supply-Led Rally

Brent crude fell 45 cents, or nearly 1%, to $54.65 a barrel by 0207 GMT, after dropping 2.3% on Friday. U.S. oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session.

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Chevron, Exxon Shrink Spending As Coronavirus Cuts Demand

Exxon shares were down 1% to $32.62 on Friday. Chevron shares gained 1% to $69.50. Exxon shares have lost half of their value this year; Chevron's are down 40%.

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Oil Slips As Coronavirus Fears Offset Gasoline Recovery Signs

Brent crude futures fell 21 cents, or 0.4%, to $43.08 by 0908 GMT, after gaining 0.5% on Wednesday.

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JNPT Achieves Significant Improvement In Import Dwell Time

Ranked 28th among the top 100 container ports globally, it is connected to over 200 ports in the world.

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No Rating Impact On Adani Ports From KPCL Acquisition: Fitch Ratings

The acquisition value of KPCL is about Rs 13,500 crore, including Rs 6,200 crore in debt, APSEZ had said in its announcement of the proposed acquisition on January 3.

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Adani To Acquire Controlling Stake Of 75% In Krishnapatnam Port

KPCL is located in the southern part of Andhra Pradesh, the state with the second-largest coastline of in India, and is a multi-cargo facility which handled 54 MMT in FY19.

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Adventz Group’s Simon India bags EPC contract at Mundra for Rs 370 crores

Construction work on the new terminal will commence in June 2017 and will be completed by November 2018. The terminal will have a total capacity of 3.56 million metric tons per annum.

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Paradip Port To Auction Land In July For Industrial Port City

The port has earmarked 250 acres of land for industrial port city and 350 acres for multi-modal logistics hub, Panigrahi said on the sidelines of a roadshow organised by CII

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Sri Lanka Wants To Reduce China's Stake In Strategic Port Deal

The Chinese firm would still hold a majority in the port, but would agree to divest up to a 20 percent stake to a Sri Lankan company after 10 years

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India Can Boost Value Of Exports By $5.5 Billion By Reducing Cost Of Trade

A CII-Maersk survey found that indirect and hidden costs in the form of unreliable transport services and bureaucratic delays hike the total logistics cost by 38-47%

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IWAI Awards Rs 517 Crore Haldia Multi-Modal Terminal Contract

To be completed by August, 2019, IWAI expects 7.95 million tonnes per annum of cargo traffic at the Haldia terminal by 2020

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Adani Project In Australia Gets Exemption Under New Water Laws

The Queensland government has granted Adani's Carmichael mine project in the Galilee Basin an 11th-hour exemption to new water laws that could have seen the project subjected to further legal challenges

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DP World Kochi Terminal Witnesses 24 Per Cent Growth

The first nine months of the year saw an overall increase of 31 per cent in the number of vessels handled, a press release said

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India May Consider Iran Proposal To Develop Chabahar Airport

Chabahar has an operational airport and the Iranian minister enquired whether India would be willing to modernise it; economic summit planned in India to attract investment for Chabahar port

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Adani Buys Australian Port Operator From Glencore

The statement from Adani and Glencore said Adani Ports and Special Economic Zone would purchase the port operator, Abbot Point BulkCoal, pending regulatory approvals

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