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The new bill has proposed a simplified composition of the Board of Port Authority which will comprise of 11 to 13 members from the present 17 to 19 members representing various interests.

India passes Major Port Authorities Bill to establish landlord port model

11 Feb 2021 7:29 AM GMT

February 11, 2021: Indian Parliament on Wednesday passed the Major Port Authorities Bill, 2020 that aims at decentralizing decision making and infuse...

POL, coal and container segment have witnessed severe contraction with 15, 32 and 19 percent YoY decline during 5M FY2021.

Full-year outlook remains negative for Indian port sector: ICRA

7 Oct 2020 8:18 AM GMT

October 7, 2020: The credit rating agency ICRA has maintained the outlook for Indian port sector as Negative with volume contraction expected in...

SAROD-Ports is a newly launched for dispute resolution mechanism in maritime Sector, comprising of major ports, non-major ports and PPP players operating at major ports.

SAROD-Ports will attract more private funding into Indian ports: ICRA

26 Sep 2020 6:24 AM GMT

September 26, 2020: The credit rating agency ICRA Ratings noted that launch of SAROD-Ports (Society for Affordable Redressal of Disputes – Ports) by...

Since the projects are mainly driven by the private sector, given the steep economic contraction, many discretionary capital expenditure (capex) plans may be further postponed.

Sagarmala projects to delay 6-12 months; container volume to decline 12-15%: ICRA

30 Jun 2020 4:10 AM GMT

June 30, 2020: The credit rating agency ICRA forecasts that the Indian port sector is likely to witness 5-8 percent contraction of cargo volumes in...

Chairpersons of all major ports of India, senior officials of the Ministry of Shipping, and other officials of major ports attended the meeting.

Ports must be smart, sustainable and safe while aiming for global standards: Mansukh Mandaviya

3 March 2020 5:33 AM GMT

March 3, 2020: Minister of State for Shipping Mansukh Mandaviya chaired a three day Ports Review Meeting in Mamallapuram, Tamilnadu and asked...

The ports will have a corporate style management structure and will be free to fix port charges.

All 12 state-owned major seaports to become autonomous under new port bill

13 Feb 2020 8:09 AM GMT

February 13, 2020: Mansukh Mandaviya, minster for shipping, informed on Wednesday that the cabinet chaired by Prime Minister Narendra Modi approved...