APSEZ will develop the WCT at the Colombo Port in a JV with Japan

The govt has identified 400 ports and shipping projects for private sector investment

The Parliament has passed the Major Port Authorities Act, 2021. The bill was moved by Mansukh Mandaviya, Minister of State (Independent Charge) for Ports, Shipping & Waterways in Rajya Sabha on Wednesday and it was passed.

K Rama Mohana Rao has taken charge as Director & Chairman of Dredging Corp. of India Ltd (DCIL). This is in addition to his present post of Chairman, Visakhapatnam Port Trust.

The Ministry of Ports, Shipping and Waterways (MoPSW) has identified 13 domestic locations to connect four international destinations in Bangladesh, East Africa and Sri Lanka.

The Union Ministry of Ports, Shipping and Waterways has compiled the draft guidelines for technical specifications of floating structures, with a vision to set up and deploy world-class floating infrastructure all along the coastline and issued the same for public consultation

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to leave the policy repo rate unchanged at 4 per cent. At the same time, the marginal standing facility and bank rate also remained unchanged at 4.25 per cent, while the reverse repo rate too remained unchanged at 3.35 per cent.

Ministry of Shipping will now be known as the Ministry of Ports, Shipping and Waterways. This was announced by Prime Minister Narendra Modi during the inauguration of the roll-on-roll-off terminal at Hazira on Sunday.

Union Minister of State for Shipping (Independent Charge), Mansukh Mandaviya inaugurated the direct port entry (DPE) facility of VO Chidambaranar Port Trust in Thoothukudi (Tuticorin) by unveiling the e-plaque on Tuesday.