Satellite port in Maharashtra as MPT looks for new revenue streams

Satellite port in Maharashtra as MPT looks for new revenue streams

After scrapping its plans to build a satellite port at Betul, Mormugao Port Trust (MPT) has now turned to Vijaydurg in Maharashtra, where it plans to construct a greenfield port to cater to container, crude oil, fertilizer, and limestone cargo. The Vijaydurg port will be developed in collaboration with Mumbai Port and Jawaharlal Nehru Port (JNPT) on the western bank of the Vagotan river, around 200 km from Vasco.

Baltic index touches over 4-1/2 month high

Baltic index touches over 4-1/2 month high

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday to its highest in over 4-1/2 months, boosted by rising rates for capesize vessels.

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