Pipavav seeks funds

The foundation stone for the US$ 9.14 billion Vadhavan port project was laid today, aiming to be India’s largest port and among the top 10 globally.

Nearly 20,000 Indian port workers cancelled their planned strike after securing a new five-year deal, averting further disruption to the global supply chain.

The Indian Ports Association has proposed a revised offer to prevent a nationwide strike by port workers over overdue wage revisions, set to begin on 28 August.

India’s major port workers plan an indefinite strike over unresolved wage, allowance, and pension demands, potentially disrupting nationwide port operations.

The fire on the Maersk Frankfurt container ship off the coast of India, which had been burning for five days and resulted in the death of one crew member, is almost extinguished.

A fire erupted on the Maersk Frankfurt container ship near the Indian coast, reportedly carrying IMDG cargo. A fire caused by a short circuit led to explosions and the death of a Filipino crew member.