Shipping

Agreement aims to boost operational efficiency and promote sustainability within regional supply chains.

The Nhava Sheva Business Park near Mumbai offers 1 million sq. ft. of warehousing space, with another one million in the planning stage.

Companies have also agreed to work together in areas such as vessel trials and ship repair.

"Carriers (shipping lines and airlines alike) will need to rethink their strategies and business models."

New berths will be capable of handling mega vessels of up to 18,000 TEUs; terminal to be part of Gemini Cooperation.

Vessels will be constructed at Zhoushan Changhong Shipyard in China, with delivery expected between 2027 and 2028.

Colombo West International Terminal (CWIT) will enhance Colombo Port’s capacity and ease congestion.

"Sheer scale of tariff schedule means it will take some time to assess the implications on individual supply chains."

Trades to Europe and Mediterranean have suffered the biggest drop in average rates since the beginning of the year.

With 640 vessel calls, DP World Cochin was one of the highest among South & East India terminals on vessel calls.

Vizhinjam International Seaport handled 1.08 lakh TEUs in March 2025, marking a major milestone in its early operations.

Container shipping to see moderate growth in 2025; regulatory changes raising operational costs.