Close-up of a container with the national flag of India. The concept of export-import India and the national delivery of goods.
Posted on January 11, 2022
Terminal operator DP World is set to build a new inland port in Jammu and Kashmir in India.
Manoj Sinha, Lieutenant Governor for Jammu and Kashmir, commented on the commitment, telling Reuters “We will finalise it shortly”.
Furthermore, a DP World spokesperson said the company had a “productive meeting” with the Lieutenant Governor on 6 January 2022 and revealed it was preparing a proposal for the project.
A ceremony celebrating the laying of the first stone at the port was recently held with Macky Sall, President of the Republic of Senegal, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, in attendance alongside a number of presidents of institutions, members of the Government of Senegal, and local communities.
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The Port of Houston is witnessing a surge in energy facility infrastructure on the Gulf Coast. Dallas-based pipeline operator Sentinel Midstream LLC received approval in February from the U.S. Maritime Administration (MARAD) to move forward with the Texas Gulflink terminal, its deep-water port off the coast of Brazoria County, south of Houston. The port license… Read More
Hong Kong-based logistics company CK Hutchison has announced that a US consortium – including US investment firm BlackRock – will buy an 80% stake in its business that controls two ports at the Panama Canal, The Guardian reported. The US$14bn sale of the stake in Panama Ports Company, which owns and operates the ports of Balboa and… Read More
The Brazilian government plans to tender a total of 20 contracts in the port sector this year, amid growing uncertainty in a segment closely tied to the country’s trade activity. The offering includes two leasing contracts for port terminals in Paranaguá, Paraná state, one in Rio de Janeiro state, and another in Rio Grande do Sul state…. Read More
Executive Summary U.S. ports have struggled to compete with other developed countries for decades, underperforming comparable ports in nearly every major economy; only eight of the top 100 ports worldwide are in the United States. This analysis shows that U.S. ports take significantly more time to move cargo, are less technologically advanced, and have longer… Read More