The union cabinet chaired by Prime Minister Narendra Modi has given its approval to rename Kolkata Port as Syama Prasad Mookerjee Port.

Prime Minister Narendra Modi attended the 150th-anniversary celebration of Kolkata Port Trust in Kolkata on January 11.

The year 2018 has been a significant one for the logistic and shipping sector in India.

Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).

Though the global economy continues to limp along, India still seems to be a promising growth story. The country´s demand for goods and services is based on domestic consumption, offering great growth potential for businesses.

Kolkata Port Trust (KoPT) has announced a 28.58 per cent rise in operational surplus at Rs.603.65 crore for 2015-16.

Falling iron ore volumes has slowed the growth of cargo handled by the country´s 13 major ports in the April-November period.

After stabilising transloading model to improve cargo flow into the riverine port, Kolkata Port Trust (KoPT)

The Kolkata Port has been adjudged ´Major Port of the Year´ for the year 2014-15 among the 12 major ports in India at the Gateway Award 2015 ceremony. The port received this award for increased cargo volumes, optimising capacity utilisation, growth in output per berth and customer satisfaction.