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Shipping Ministry to invest Rs.14,225 cr on port projects

Shipping Ministry to invest Rs.14,225 cr on port projects

In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasising on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other modernisation projects.

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APM Terminals to join hands with Ningbo Port

APM Terminals to join hands with Ningbo Port

A joint venture between Ningbo Port Group and APM Terminals would invest in and operate berths 3, 4 and 5 at NingboÂ’s Meishan Container Terminal in China. Both the parties have recently entered into an agreement
for this joint venture. While Ningbo Port Group would invest 75 percent, APM Terminals would contribute the remaining 25 percent in the joint venture. The berths are expected to ope