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News Update

8 Mar 2025

Cargo movement thru waterways plunges

In Bangladesh, inland water cargo vessel operations have sharply declined over the past eight months, largely due to a significant drop in imports amid global economic uncertainties caused by the ongoing Russia-Ukraine war. Industry insiders report that Letters of Credit valued at $45.51 billion were opened during the July-February period of the current fiscal year, a 23.45% decrease compared to the same period in 2021-22. This decline reflects the broader impact of geopolitical instability on trade and logistics in the region.

Cargo movement thru waterways plunges

8 Mar 2025

India-Bangladesh to build waterways over Brahmaputra River

India is developing an Inland Waterway Transport system on the Brahmaputra River to boost connectivity and inland navigation in the Northeast. The Ministry of Ports, Shipping, and Waterways has announced the construction of a ship repair facility at Pandu as part of this initiative. Additionally, India and Bangladesh are collaborating on the development of Indo-Bangladesh protocol routes to enhance connectivity between national waterways. This project aims to improve trade and transportation, benefiting the region's economic growth, as reported by Assam Tribune.

India-Bangladesh to build waterways over Brahmaputra River

6 Mar 2025

CMA CGM to invest $20 billion in U.S. maritime

CMA CGM Group has announced a $20 billion investment in U.S. maritime, logistics, & supply chain infrastructure over the next four years. This strategic commitment aims to enhance U.S. shipbuilding, expand ports, grow logistics networks, & develop air cargo services. The investment will create 10,000 jobs, bolster American maritime capabilities, & strengthen U.S. trade. CMA CGM will also focus on improving port infrastructure in major cities & supporting U.S. flag carriers, such as American President Lines, aligning with the U.S. government's maritime priorities.

CMA CGM to invest $20 billion in U.S. maritime

3 Mar 2025

Maersk sees investment opportunity pipeline of $5bn in India

A.P. Moller-Maersk is set to invest US$5 billion in India, focusing on ports, terminals, and landside infrastructure. The company’s footprint includes two APM Terminals operations in Mumbai and Pipavav, handling over three million containers annually, along with a vast distribution network covering 80% of India’s pin codes. Maersk recently named its newest dual-fuel methanol container vessel, Albert Maersk, in Mumbai. The vessel is part of a series of 18 dual-fuel ships set for delivery by 2025. Maersk’s investment aligns with India's Maritime Amritkaal Vision 2047 and government priorities.

Maersk sees investment opportunity pipeline of $5bn in India

2 Mar 2025

NMPA second-best container port in India

The New Mangalore Port Authority has been ranked as the second-best container port in India for ports handling less than 0.5 million TEUs (Twenty-foot Equivalent Units). This recognition, part of the Sagar Aankalan framework by the Ministry of Ports, Shipping, and Waterways, was announced at the Viksit Bharat Post-Budget Meeting in Mumbai on February 27. The ranking highlights the port's efficiency and contribution to India's maritime sector, showcasing its significance in regional trade and logistics.

NMPA second-best container port in India

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