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Apm Terminals To Invest $800M In Laldiar Char Terminal In ChattogramBangladesh Investment Development Authority (BIDA) said APM Terminals, a subsidiary of Danish shipping and logistics company AP Moller-Maersk, will invest $800 million in the proposed terminal at Chattogram Port’s Laldiar Char.
The terminal, with a 616-metre length comprising three container jetties, would be built on 32 acres of land. The entire amount would be foreign direct investment and the Bangladesh government will not have to spend a single Taka.
APM Terminals, a subsidiary of AP Moller Maersk, began operations at Laldia Terminal in 2024. Initially, the project was expected to receive investments ranging from $300 to $400 million. But the investment volume has since doubled to $800 million now.
The development will be executed under a public-private partnership and government-to-government agreement, following build-operate-transfer model.port-and-ship
May 09, 2025
Maritime Gateway
Indian Airports Handled 3.7 Million Tonnes CargoIn the fiscal year 2024–2025 (April 2024–March 2025), Indian airports handled 3.7 million tonnes of cargo, a 10% increase from the previous fiscal year’s 3.36 million tonnes. According to figures from the Airport Authority of India (AAI), domestic cargo handled climbed by 6% to 1.39 million tonnes, while international cargo handled increased by 14% to 2.32 million tonnes.
The amount of international cargo handled at Bengaluru International Airport (BIAL) increased by 21% to 321,283 tonnes, while Hyderabad International Airport (GHIAL) followed with 98,825 tonnes. Based on available data, major airports like Delhi and Mumbai also experienced strong double-digit increases. Mumbai had an 11% increase in foreign freight at 654,756 tonnes, while Delhi reported a 13% increase at 729,784 tonnes. According to AAI data, smaller international airports like Coimbatore, Kannur, and Nagpur all recorded increases. The only significant international airport to record a major drop was Goa, which saw a 62% drop in cargo at 684 tonnes. In FY2025, however, Goa (Mopa) handled 2,848 tonnes.
With a six percent increase in domestic cargo carried, Delhi led the main international airports with 379,735 tonnes, followed by Bengaluru Airport with 181,225 tonnes, a five percent increase. Mumbai remained constant at 235,143 tons. Coimbatore recorded a 29 percent increase at 10,269 tonnes, while Kolkata handled 113,923 tonnes, an increase of 11%. Chennai had 83,794 tonnes, which was somewhat more. During the previous fiscal year, domestic freight at Jamnagar airport decreased by 76% to 36.8 tons from 156.2 tonnes.port-and-ship
May 09, 2025
Maritime Gateway
India’S Exports Reach All-Time High Of $824.9 Billion In Fy25India’s exports rose 6.01% year-on-year to an all-time high of $824.9 billion in 2024-25, propelled by a 13.6% on-year rise in services exports to a record $387.5 billion, showed the Reserve Bank of India’s (RBI) final services trade data released.
March alone saw services exports surge 18.6% on-year to $35.6 billion, reflecting continued global demand for India’s IT, business, financial, and travel-related services. The merchandise segment also contributed to the overall rise, with non-petroleum goods exports reaching a new peak of $374.1 billion in 2024-25, up 6% from $352.9 billion a year ago.
This is the highest annual figure for India’s non-petroleum merchandise shipments, offering some reassurance when traditional goods exports have been under pressure from tightening global demand and geopolitical disruptions. This sharp rise in exports, which stood at $778.1 billion in 2023-24, comes when India is actively working to expand its trade footprint via bilateral and multilateral agreements, and is positioning itself as a resilient, service-driven exports economy amid shifting global supply chains.
India is attempting to consolidate its global trade presence through ongoing free trade agreement negotiations, particularly with the European Union and the UK, and amid efforts to mitigate the impact of retaliatory tariffs introduced by the US. Experts see the performance as an indication of India’s growing competitiveness in high-value services and diversified goods sectors.
While petroleum and other commodity-linked exports remained relatively subdued due to volatile global prices, the continued expansion in digitally driven services and value-added manufacturing suggests a structural shift in India’s exports composition. The RBI numbers are likely to boost policymakers’ efforts to promote trade-led growth as part of India’s broader 2047 development vision.
Meanwhile, India’s trade surplus with the US jumped 16.6% in 2024-25, ballooning to $41.18 billion from $35.32 billion a year ago, even as US President Donald Trump prepared to hike US tariffs in protest.
According to 15 April commerce ministry data, Indian goods exports to the US rose by 11.6%, from $77.52 billion in 2023-24 to $86.51 billion in 2024-25. Imports from the US also rose, but just 7.42%, from $42.20 billion to $45.33 billion.
Globally, India’s trade deficit widened sharply to $21.54 billion in March, rising from a three-year low of $14.05 billion in February. Merchandise exports for the fiscal year stood at $437.42 billion, marginally higher than the $437.07 billion recorded a year ago, while imports stood at $720.24 billion, up from $678.21 billion in 2023-24, showed the commerce ministry data. March’s goods exports stood at $41.97 billion and imports at $63.51 billion, compared with $36.91 billion of exports and $50.96 billion of imports in February.port-and-ship
May 03, 2025
Maritime Gateway
Dpa Kandla Crosses 10 Million Tonnes Cargo MilestoneDeendayal Port Authority, Kandla has achieved a major milestone by crossing the 10 million Metric Tonnes (MMT) cargo handling mark as of April 25, 2025 — two days ahead of last year’s timeline. This accomplishment highlights DPA’s growing momentum, operational excellence, and unwavering commitment to service.
The Chairman, DPA, congratulated all stakeholders, port users, trade unions, employees, and workers for their remarkable contribution and wholehearted support in achieving this feat.port-and-ship
Apr 26, 2025
Maritime Gateway
Indian Private Ports Expected Do Well: JefferiesJefferies advised investors to “dock” in India’s ports companies as they expect private port players to deliver strong margins led by volume growth. The top picks for the brokerage remain JSW Infrastructure and Adani Ports and Special Economic Zone, with 18 to 22% per cent potential upside for the stocks.
Private sector port players are expected to deliver 13-21 per cent earnings before interest, taxes, depreciation and amortisation (Ebitda) CAGR in financial year 2025-30, led by 10-16 per cent CAGR in volumes, Jefferies said in its latest note. “Volume growth would be driven by capacity addition, terminal privatisation at major ports and market share gains.”
Government targets private sector presence in 80 per cent of capacity at major ports by 2030 with 95 per cent capacity expansion is planned with private sector participation.”500 million tonne capacity is yet to be privatised, an opportunity for JSW Indra and Adani Ports,” it said, adding that the two players will account for two-thirds of incremental volumes in FY25-30.
Meanwhile, Jefferies noted that amid the tariff uncertainty, JSW Infra is placed better compared to Adani Ports. The note said that bulk and liquid goods, mainly domestic driven, account for 98 per cent of JSW Infra’s volumes, with a low earnings risk from the potential global slowdown. However, the Adani Group company has higher exposure to containers, which are more vulnerable to tariff-spurred trade disruptions.
JSW Infra is the top pick for Jefferies, with firm visibility of 2.3 times the capacity rise target. “We like the company’s strategy of leveraging JSW group’s expansion plans to drive growth.” Jefferies expects the valuations to remain “punchy” on strong growth beyond FY27 and maintained its ‘buy’ on the stock with a target of ₹355 per share.
Jefferies expects a 9 per cent FY25-30 domestic volume CAGR at 1.5 times industry growth for Adani Ports, similar to past organic growth trends. The brokerage maintained a ‘buy’ rating for the stock with a target price of ₹1,340 per share.
Integrated logistics is a new growth area for ports, according to Jefferies. It can enhance customer stickiness and improve port infrastructure utilisation. Adani Ports aims to use its network of 15 ports to offer end-to-end logistics services, which currently contribute 8 per cent of revenue.
JSW Infra entered the logistics space by acquiring a 70.4 per cent stake in Navkar Corporation in June 2024 and plans to leverage the broader JSW Group’s locations. Jefferies notes that while JSWI’s plans are still at a nascent stage, their ramp-up could be a key risk to Concor’s volume growth and margins.port-and-ship
Apr 17, 2025
Maritime Gateway
India’S Trade Deficit With China Surges To A Record $99.2 BillionWhile the US continues to be India’s top export destination, China continues to be the top source of India’s imports.VAs per provisional data released by the commerce ministry on India’s foreign trade, China remained India’s top import source in 2024-25 with imports worth $113.46 billion. This marked an 11.5% increase over $101.74 billion worth of imports from China in FY24.
Meanwhile, India’s exports to China fell by 14.5% in FY25 to $ 14.25 billion from $ 16.67 billion in FY24. This took India’s trade deficit with China to a record $99.2 billion last fiscal.
The data is significant on two counts. India is hopeful of a competitive advantage vis-à-vis China when it comes to exports to the US following the levy of reciprocal tariffs. The US has already levied retaliatory tariffs of 245% on China as the trade war between the two countries intensifies even as US President Donald Trump has put reciprocal tariffs on other countries on a 90-day pause.
India is already concerned about possible dumping of goods from like China, Vietnam and Indonesia due to the reciprocal trade tensions and rising US costs. An inter-ministerial committee for import surge monitoring has been set up with representation from the commerce ministry, Directorate General of Foreign Trade, Central Board of Indirect Taxes and Customs and the Department for Promotion of Industry and Internal Trade.
Experts note that the staggering trade deficit with China is a cause for concern. “The record gap reflects deeper structural dependencies, not just trade imbalances. Imports surged by 11.5% driven by rising demand for electronics, EV batteries, solar cells, and key industrial inputs—sectors where China dominates India’s supply chains,” said Ajay Srivastava, founder, Global Trade Research Initiative.
China is India’s top supplier in all eight major industrial product categories. The PLI schemes are fueling import growth due to their heavy reliance on imported components, he further noted, adding that India needs to fix its internal manufacturing gaps and invest in deep industrial capabilities. In March 2025, India’s imports from China jumped up by 25% to 9.67 billion while exports declined by 2.99% to $ 1.51 billion.
Meanwhile, India’s exports to the US in FY25 were $86.51 billion as against $77.52 billion in FY24. Ahead of the levy of reciprocal tariffs from April 9, exports from India to the US in March 2025 surged by 35% to $ 10.14 billion as against $7.5 billion in FY24.port-and-ship
Apr 17, 2025
Maritime Gateway
First Batch Of Custom Documentation Course Launched As Part Of Vadhvan Port Skilling InitiativeVadhvan Port Project Ltd. (VPPL), the 13th major port of India, has launched the first 1-month course under the Vadhvan Port Skilling Program on Custom Documentation in association with BCBA on April 16th, 2025, by Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, in the presence of Rajeev Sinha, Advisor, JNPA and VPPL, Sanjeev Harale, President, BCBA, Paresh Thakkar, Senior Vice President, BCBA, Dushyant Mulani, Chairman, FFFAI and Past President BCBA, and other senior officials from BCBA.
The course, designed in collaboration with the Brihanmumbai Custom Brokers Association (BCBA), is set to equip participants with comprehensive knowledge of customs processes, documentation, and procedures vital for the functioning of ports.
Unmesh Sharad Wagh, Chairman, JNPA, and CMD, VPPL, shared, “The launch of this course is a key step in enhancing the employability of our local youth, providing them with skills that are vital for the growth of Vadhvan Port and the broader maritime industry. We believe in moving beyond conversations to meaningful action that equips young people for tomorrow’s opportunities. This is just the beginning, and we are committed to expanding this program and many other programs across various sectors to further empower the community.”
The Custom Documentation course is designed to equip candidates from Palghar and nearby areas of Vadhvan Port with foundational knowledge and practical skills required in the field of customs clearance and logistics. Spanning 4 weeks with 100 hours of training, the course is conducted in a classroom setting at the BCBA office in Nariman Point, Mumbai, and includes hands-on practical inputs. The curriculum covers key areas such as import-export procedures, customs documentation, clearance processes, and compliance requirements, offering participants a real-world understanding of port and logistics operations.
The Vadhvan Port Skilling Program was launched with a vision to provide meaningful opportunities for the local youth. In an effort to reach out to a wider audience, VPPL introduced a WhatsApp Chatbot to interact with the youth of Vadhvan and encourage their participation. This innovative initiative has made it easier for potential candidates to access information and register for the program. The Vadhvan Port Skilling Program has already garnered an overwhelming response, with over 30,800 registrations to date, reflecting the region’s eagerness to participate in these career-building initiatives.
The Vadhvan Port Skilling Program will continue to evolve with additional batches to cater to the growing demand, ensuring that the youth of Vadhvan are well-equipped to contribute to the port’s development and the nation’s maritime growth.port-and-ship
Apr 17, 2025
Maritime Gateway
Pm Modi To Commission Vizhinjam Port On May 2Prime Minister Narendra Modi has confirmed his availability to commission the Vizhinjam International Seaport on May 2. The Prime Minister’s office has communicated his schedule to the port authorities, with an official announcement from the state government expected soon.
The port began operations for commercial purposes in December last year, following successful trial runs conducted between July and December. Since then, it has received over 250 vessels and handled more than 5 lakh TEUs (Twenty-foot Equivalent Units) of containers.
The formal inauguration had been delayed due to technical issues. However, the port has since resolved several pending matters, clearing the path for future development. The Centre and the state government have also resolved disagreements over the sharing of the Viability Gap Fund (VGF) for the project, culminating in an agreement signed on April 9. Before this, in March, the Ministry of Environment, Forest and Climate Change (MoEFCC) granted environmental clearance for the second and third phases of the port’s development.
As part of the agreement, the Centre has committed to contribute Rs 817.80 crore as its share of the VGF to Adani Vizhinjam Port Private Limited (AVPPL), the project’s concessionaire. A tripartite agreement was signed among the Centre, AVPPL, and the consortium of banks involved. Additionally, the state government has agreed to share 20% of the port’s revenue with the Centre.port-and-ship
Apr 17, 2025
Maritime Gateway
India’S Trade Deficit Widens To $21.54 Billion In MarchIndia’s merchandise trade deficit in March widened to $21.54 billion from $14.05 billion in February as imports rose. On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $15.34 in March 2024. While merchandise exports stayed almost flat on-year in March to $41.97 billion, goods imports increased by 11.4 percent to $63.51 billion, according to provisional data released by commerce ministry on April 15.port-and-ship
Apr 16, 2025
Maritime Gateway
Cochin Shipyard Set To Deliver New Electric Hybrid Boat To Kochi Water MetroCochin Shipyard Limited (CSL) is nearing the completion of another vessel for the Kochi Water Metro Limited (KWML). The shipyard had been contracted to build a total of 23 electric-hybrid boats. So far, 18 boats have been handed over, and the rest are scheduled for delivery in the upcoming months.
With 18 boats already delivered, the addition of this new vessel is expected to boost service frequency on high-demand routes and ease congestion at terminals during peak travel hours.
At present, Kochi Water Metro Limited (KWML) operates services along six routes linking various parts of the city. The arrival of the new boat will enhance service frequency and help reduce long queues at terminals during busy hours. KWML officials also mentioned that preparations are underway to launch services to Mattancherry and Willingdon Island.
“We have already issued a tender for the construction of a terminal at Ernakulam Jetty area. We can operate service to Mattancherry from Ernakulam boat jetty once it opens,” said a KWML source.
Kochi Water Metro is set to begin services to Mattancherry and Willingdon Island in the near future. A tender has already been issued for the construction of a new terminal at Ernakulam Jetty, and once completed, services to Mattancherry will commence from there.port-and-ship
Apr 16, 2025