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Wednesday, May 22, 2019

Railway Network News

Image: Ports of Stockholm

Best Year for Stockholm Port

Swedish Ports of Stockholm summarized 2018 as a record revenue year, with stable freight volumes and a record number of cruise passengers.Sweden’s biggest passenger port saw more than 16 million passengers travelling by ferry, cruise ship or on archipelago services in 2018.“2018 was our best year, both financially and in terms of volumes. We are very happy that we have developed our ports so that we can offer, together with our customers, efficient and sustainable transport solutions for the increasing volumes of goods and passengers…

Map: PIB

Indian Port Rail Corporation to Begin New Railway Line Project

Jawaharlal Nehru Port (JNPT), Ministry of Shipping, Ministry of Railways and state governments of Madhya Pradesh and Maharashtra will enter into a pact tomorrow for implementing a new Indore- Manmad Railway Line Project.The project will be implemented through Indian Port Rail Corporation Limited on joint venture special purpose vehicle (SPV) model."An MoU will be signed tomorrow between JNPT- Ministry of Shipping, Ministry of Railways, Govt of Maharashtra and Govt of Madhya Pradesh for implementation of 362 km Indore- Manmad New Railway Line Project…

Photo courtesy of Port of Hamburg

Hamburg Hosts Conference on Port Rail Cargo

Anticipating further growth in maritime cargo transport by rail, experts from the rail and port sector are going for digitalization and automation. The ‘First Rail Conference on Cargo Transport by Rail and Ports’ brought together numerous experts from the railway network, rail operator, shipowning, terminal and port operation fields. The attendance of 200 filled all available seats in the conference room of the Hotel Baseler Hof. Acceptances on this scale underlined that a rail conference with the focus on freight transport and the ports has been lacking in Hamburg.

Photo: JSW Infrastructure Ltd

JSW to Invest USD 1.1bln on Ports

JSW Group will invest INR 7,000 crore (USD 1.1bln) more in the ports sector over next three years to create assets in the country as well as abroad, PTI reported. The company is also looking at diluting up to 15 percent stake in the ports operating company, JSW Infrastructure, to a private equity player soon, and take it public by 2019. JSW Infrastructure Ltd (JSWIL), a 100% subsidiary of Sajjan Jindal led-JSW Group, has  also drawn up a master plan to develop its Jaigarh Port in Konkan as one of India’s biggest ports that could receive big bulk carriers, LNG, LPG and oil tankers.