Trending News
Baltic Exchange Market Report (10 May 2024)...
  Daily Exim

NEWS DETAILS

Date: 02/05/2024

Vizhinjam Port gets nod to operate as transhipment hub

The Centre has reportedly given sanction to Adani’s Vizhinjam Port in Kerala to operate as a transhipment port -- a first for the country. The proposal to designate it as a Customs-notified port has also been made, it is learnt. Current regulations require the Shipping Ministry’s nod to prevent competing projects from being permitted before capacity at operational ports is saturated. This approval paves the way for Customs to set up an office at Vizhinjam Port. It will be India’s first full-fledged deep-water transhipment port. A final nod from the CBIC is expected in the coming three months. The project aims to capture a portion of the Indian cargo market, which amounts to over a million containers transhipped annually through foreign ports. In its initial phase, the port’s capacity is set to accommodate one million TEUs, with an additional 6.2 million TEUs planned for subsequent phases, as per a report.
 
Source: Exim News Service: Thiruvananthapuram/New Delhi, May 1



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai, Gujarat and New Delhi / NCR / North India, and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 46 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.