Thursday, December 19

Tag: Port

JSW Infrastructure bags Rs 4,119 crore award for port in Karnataka
16Nov By adminNo Comments
Business

JSW Infrastructure bags Rs 4,119 crore award for port in Karnataka

JSW Infrastructure, the recently-listed entity of the JSW Group, on Thursday said it secured the winning bid for the development of an all-weather, deep-water, and greenfield port at Keni in Karnataka for an estimated cost of Rs 4,119 crore. The Karnataka Maritime Board, under the state government, has issued a letter of award for the port, which will be constructed with an initial capacity of 30 million tonnes per annum (mtpa), the company said in a statement. The award came nearly nine months after reports of the company emerging as the sole bidder for the project. According to sources, four parties were in the pre-bid stage — JSW Infrastructure, Adani Ports and Special Economic Zone (APSEZ), Navayuga Engineering Company, and Vishwa Samudra Engine­er...
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Major Australian Ports Reopen After Cyberattack Halts Operations
13Nov By adminNo Comments
World

Major Australian Ports Reopen After Cyberattack Halts Operations

Updated Nov. 12, 2023 11:20 pm ETSYDNEY—Some of Australia’s biggest ports restarted operations on Monday following a cyberattack that disrupted container traffic ahead of Christmas and highlighted vulnerabilities in the nation’s critical infrastructure.Dubai-based DP World shut down its terminals in Sydney, Melbourne, Brisbane and Fremantle after detecting suspicious activity on its systems on Friday. Operations at the four terminals, which handle almost 40% of goods in and out of the country, resumed on Monday morning after it successfully tested key systems.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Israel Is Vulnerable to ‘Force Majeure’ Claims
23Oct By adminNo Comments
Business

Israel Is Vulnerable to ‘Force Majeure’ Claims

Israel faces a vulnerability in its conflict with Hamas that has thus far escaped notice: potential supply-chain disruptions caused by skittish shippers. A Taiwanese container ship bound for Ashdod recently was rerouted to Haifa, a port city in northern Israel. The managing company, Evergreen Line, urged customers to take delivery of goods at Haifa, then announced it would immediately cease performing under the Israeli delivery contract, invoking the doctrine of “force majeure”—superior force—to justify its decision. This legal maneuver is suspect. Contractual force majeure is rarely invoked and enforced to allow the nonperformance of contracts that have become either impossible or impracticable due to some catastrophic event, including natural disasters and wars. The defense has historic...
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Adani’s new mega port can lure world’s biggest ships to India
15Oct By adminNo Comments
Business

Adani’s new mega port can lure world’s biggest ships to India

When Zhen Hua 15 — a heavy load cargo carrier sailing from the East China sea — unloads at Vizhinjam port this Sunday, it’ll do more than just set down the site’s first gigantic cranes. It’ll also put India on the map for world’s biggest container ships.Located near the southernmost tip of the country, the Vizhinjam transshipment container port — the first of its kind in India that will be inaugurated on October 15 — will allow India to grab a bigger slice of the international maritime trade currently dominated by China. It will also bolster its aspirations to be an alternative manufacturing hub by reducing logistics costs for cargo coming to and from the country.The new terminal will be another feather in the cap of Gautam Adani’s conglomerate, which faced a scathing short seller attack ...
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Ukrainian Tactics Put Russia on the Defensive in the Black Sea
20Sep By adminNo Comments
World

Ukrainian Tactics Put Russia on the Defensive in the Black Sea

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/europe/ukrainian-tactics-put-russia-on-the-defensive-in-the-black-sea-4d3f492d
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