{"id":264967,"date":"2023-10-18T19:37:06","date_gmt":"2023-10-18T14:07:06","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=264967"},"modified":"2023-10-18T19:37:06","modified_gmt":"2023-10-18T14:07:06","slug":"kerala-cm-flags-in-first-ever-ship-into-vizhinjam-port","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/kerala-cm-flags-in-first-ever-ship-into-vizhinjam-port\/","title":{"rendered":"Kerala CM flags-in first ever ship into Vizhinjam port"},"content":{"rendered":"\n

Source: <\/b>The post is based on the article <\/span>\u201c<\/b>Kerala CM flags-in first ever ship into Vizhinjam port<\/b>\u201d <\/b>published in<\/span> \u201cIndian Express\u201d on 18th October 2023<\/b><\/p>\n

What is the News?<\/b><\/h2>\n

Kerala Chief Minister has inaugurated the first-ever cargo ship at the under-construction Vizhinjam international seaport project.<\/span><\/p>\n

Why does India <\/b>need a Transshipment Port?<\/b><\/h2>\n

India has 13 major ports but lacks infrastructure for handling ultra-large container ships.<\/span><\/p>\n

About 75% of India’s transshipment cargo is managed at foreign ports like Colombo, Singapore and Klang.<\/span><\/p>\n

For instance, in fiscal year 2021-22, India’s total transshipment cargo was approximately 4.6 million TEUs.Of this, around 4.2 million TEUs were processed outside India.<\/span><\/p>\n

What are the benefits of Transshipment Port?<\/b><\/h2>\n

Establishing a transshipment hub in India offers several advantages such as:<\/span><\/p>\n

\u2013 Forex savings (saving foreign exchange)<\/span><\/p>\n

\u2013 Attracting foreign direct investment (FDI)<\/span><\/p>\n

\u2013 Creating job opportunities<\/span><\/p>\n

\u2013 Encourages various associated businesses such as ship repair services, crew change facilities, logistics value-added services, Warehousing among others.<\/span><\/p>\n

\u2013 Can attract a significant portion of the container transshipment traffic currently diverted to ports in Colombo, Singapore, and Dubai.<\/span><\/p>\n

\u2013 Enhancing operational and logistics efficiency<\/span><\/p>\n

What is Vizhinjam Port?<\/b><\/h2>\n

Vizhinjam Port is located near Thiruvananthapuram, Kerala.<\/span><\/p>\n

It is India’s first international deepwater transshipment port.<\/span><\/p>\n

Built by:<\/b> Adani Ports and SEZ Private Limited on a design, build, finance, operate and transfer (DBFOT) model.<\/span><\/p>\n

It <\/span>is the first greenfield port project to receive viability gap funding from the government of India.<\/span><\/p>\n

Key Features:\u00a0<\/b><\/p>\n

Deep Natural Depth:<\/b> The port boasts a natural depth of over 18 meters.This will help in accommodating large vessels and mother ships.<\/span><\/p>\n

Cargo Handling: <\/b>The port is designed to handle various types of cargo such as: Container transshipment Multi-purpose cargo and Break-bulk cargo.<\/span><\/p>\n

Strategic Location:<\/b> The port is located just ten nautical miles from the international shipping route.<\/span><\/p>\n

Capacity: <\/b>The port has the capability to accommodate substantial cargo volumes.<\/span><\/p>\n

Advanced Features<\/b>: The <\/span>port offers large-scale automation for quick turnaround of vessels.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: The post is based on the article \u201cKerala CM flags-in first ever ship into Vizhinjam port\u201d published in \u201cIndian Express\u201d on 18th October 2023 What is the News? Kerala Chief Minister has inaugurated the first-ever cargo ship at the under-construction Vizhinjam international seaport project. Why does India need a Transshipment Port? India has 13… Continue reading Kerala CM flags-in first ever ship into Vizhinjam port<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,11211,1],"tags":[11872,10500],"class_list":["post-264967","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-places-in-news","category-uncategorized","tag-9pm-daily-factly","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":{"total":40,"cached_at":"","cached_date":1698467384},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/264967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=264967"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/264967\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=264967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=264967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=264967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}