Jawaharlal Nehru Port Trust (JNPT)

JNPT’s bid to buy Dighi Port approved

Dighi Port Ltd is promoted by Balaji Infra Projects Ltd and IL&FS Ltd

The Committee of Creditors (CoC) has backed the resolution plan placed by state-owned Jawaharlal Nehru Port Trust (JNPT) to buy the debt-laden Dighi Port Ltd under India’s bankruptcy and insolvency law.

The approval of the lenders panel will be submitted to the National Company Law Tribunal (NCLT) for ratification, at least two people briefed on the decision told BusinessLine.

Adani Ports and Special Economic Zone Ltd and a...

http://container-news.com/jnpt-bid-buy-dighi-port/

JNPT to dock bigger container ships from February

The capacity of boxships calling at JNPT is set to double with this move.

Container ships with the capacity to carry double the volume of boxes currently calling will be able to dock at Jawaharlal Nehru Port Trust (JNPT) near Mumbai from February after the state-owned port wraps up a ₹1,966 crore channel deepening work by the end of the month to increase the depth to 15 metres from the current 14 metres.

Currently, ships with a capacity to carry 6,000 twenty-foot equivalent units or TEUs, can...

http://container-news.com/jnpt-dock-bigger-container-ships-february/

Krishnapatnam eyes JNPT cargo

Privately built Krishnapatnam port (Nellore district of Andhra) has been eating, it says, into the earlier cargo share of the Jawaharlal Nehru Port Trust (JNPT, at Navi Mumbai), the country’s largest container port.

Krishnapatnam, owned by Navayuga Engineering, was opened in 2008.

“Switching central India cargo to Krishnapatnam from JNPT would save seven to 10 days of transit time and also lower cost by $200-300 per TEU,” Vinita Venkatesh, director at Navayuga Container Terminal, told Business...

http://container-news.com/krishnapatnam-eyes-jnpt-cargo/

JNPT handled 5M TEUs of container in 2018

Leading container port Jawaharlal Nehru Port Trust (JNPT) on Friday (Jan. 4) said it handled over five million TEU of container traffic in 2018.

The state-run company recorded a 7.24 per cent growth in both container and bulk cargo volumes during 2018 to 5.05 million TEU, it said in a statement issued here.

In December 2018, JNPT handled 4.45 lakh TEUs, which is the highest container volume handled in a month, ever recorded, it said.

During April-December 2018, the traffic handled so far is 3.81...

http://container-news.com/jnpt-5m-teus-container-2018/

CCI not to halt probe against terminal operators

NSICT, Gateway Terminals face ‘anti-competitive’ practices charge

The Competition Commission of India (CCI) will continue its probe into alleged anti-trust practices adopted by one of the terminals run by Dubai government-owned DP World Ltd at Jawaharlal Nehru Port Trust (JNPT), after the Bombay High Court on Tuesday (Dec. 18) declined to stay the investigation on a petition brought by the Nhava Sheva International Container Terminal (NSICT).

The November 9 preliminary order of the CCI saw merit...

http://container-news.com/cci-not-halt-probe-terminal-operators/

PSA quits port lobby group IPPTA

Singapore firm’s dispute with DP World, APM Terminals has escalated

Singapore’s PSA International Pte Ltd has quit membership of the Indian Private Ports and Terminals Association (IPPTA), an industry lobby group, as its dispute with DP World and APM Terminals over the issue of transfer of containers hauled by rail to/from different terminals at Jawaharlal Nehru Port Trust (JNPT) escalates into a full-blown rivalry.

PSA, owned by Singapore’s sovereign wealth fund, is no longer a member of IPPTA,...

http://container-news.com/psa-quits-port-lobby-group-ippta/

JNPT, APSEZ and Veritas fight for Dighi Port

India’s biggest container gateway, the Jawaharlal Nehru Port Trust (JNPT), and the country’s biggest private port developer, Adani Ports and Special Economic Zone Ltd (APSEZ), are competing for the first time to acquire a port project — the debt laden Dighi Port Ltd — which has been put up for sale under the bankruptcy law.

JNPT and APSEZ have submitted separate resolution plans for Dighi Port Ltd, the entity that runs a greenfield port located on the banks of Rajpuri creek in Maharashtra’s...

http://container-news.com/jnpt-apsez-veritas-dighi-port/

PSA accuses Maersk and DP World of discrimination – India’s investigation decision

The decision by the Competition Commission of India (CCI) to investigate follows a complaint by Singapore’s PSA International Pte Ltd, which alleged that Maersk and DP World created entry barriers to hinder the growth of PSA’s terminal by colluding on certain charges they levy at the state-owned Jawaharlal Nehru Port Trust (JNPT).

Handling 66 million tonnes of cargo in the last fiscal year to March, JNPT is critical to India’s international trade. The port handles more than half of India’s...

http://container-news.com/psa-maersk-dp-world-discrimination/

JNPT calls bids to develop SEZ on 296 acres

The JNPT Port, Mumbai, will soon call for fresh bids to develop a Special Economic Zone (SEZ) on 296 acres of industrial area developed near the port. This would be the second bidding process of JNPT management in the last two months.

A senior JNPT official told BusinessLine that the bidding would be on electronic platform and advertisements will be published by Tuesday (Nov. 15). Last time around, the highest bid to buy an acre of land was about ₹12 crore.

The Shipping Ministry had given its...

http://container-news.com/jnpt-bids-sez-296-acres/

DP World and NIIF to develop Mumbai’s FTWZ

Hindustan Infralog Private Limited (HIPL), a joint venture between DP World (65%) and the National Investment and Infrastructure Fund (NIIF) (35%), has won the bid to develop and operate the Free Trade Warehousing Zone (FTWZ) at India’s largest container gateway – Jawaharlal Nehru Port Trust (JNPT) for $78mn. HIPL is the recently created investment vehicle between DP World and NIIF to invest up to USD 3 billion in ports, logistics and related sectors across the country. This is the second...

http://container-news.com/dp-world-niif-develop-mumbai-ftwz/

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