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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Vizhinjam Port scales new heights with record throughput,...
By V Sajeev Kumar · 2026-06-02 · via Economy News, Latest Economic News Today | The HinduBusinessLine
While the yard capacity constraints have forced three to four vessels to wait at outer anchorage, official sources confirmed that these ships are being allocated priority berthing based on the specific requirements of the shipping lines.

While the yard capacity constraints have forced three to four vessels to wait at outer anchorage, official sources confirmed that these ships are being allocated priority berthing based on the specific requirements of the shipping lines.

Despite exceeding its designated monthly stacking capacity, Vizhinjam International Seaport recorded its highest-ever monthly throughput in May, handling 130,863 TEUs across 55 vessels.

Over the last six months, the terminal has consistently operated well above its standard baseline capacity of 34,000 TEUs, frequently managing an excess volume of over 40,000 TEUs. According to official sources, this massive surge has not resulted in operational bottlenecks or port congestion. To maintain fluid cargo operations, port authorities have successfully implemented alternative storage arrangements, utilizing the new EXIM container yard and the flanks of the newly constructed national highway access road for overflow container stacking.

While the yard capacity constraints have forced three to four vessels to wait at outer anchorage, official sources confirmed that these ships are being allocated priority berthing based on the specific requirements of the shipping lines. Currently, MSC (Mediterranean Shipping Company) remains the exclusive container line calling at Vizhinjam under a strategic agreement with Adani Ports.

Ancillary facilities

However, the shipping fraternity is looking at more ancillary facilities before the port starting its full-fledged operations by 2028. “As we have been talking for many months, road connectivity --interim and permanent -- are the immediate priority”, Binu K.S. of Kerala Steamer Agents Association told businessline.

The proposed rail connectivity needs to speed up momentum and the same should be in place. Likewise, there are no CFS facilities for cargo clearance and shifting of Exim cargo which need to be done on priority. Liquid cargo storage and supply facilities will attract more business along with cruise terminals, he said.

Official sources pointed out that the port has moved ahead with the second phase of development, which will expand the existing 800-metre container berth to 2,000 metres by December 2028. Once completed, Vizhinjam will have one of the longest container berth in the country and a handling capacity of 5.7 million TEUs, significantly higher than the 3 million TEUs envisaged under the concession agreement. The expansion will also enable the port to berth multiple mother vessels simultaneously.

The second phase includes extending the existing 2.96-km breakwater to 4 km. The project will not require additional land acquisition, as the required area will be created through sea reclamation. The port will also add 21 ship-to-shore cranes and 45 yard cranes to strengthen its handling capacity.

The delays in completing road and rail connectivity projects, which are being executed by government agencies, have held back the commencement of Exim cargo operations. To bridge the gap, the Adani Group has completed a road link connecting the terminal to the NH Bypass and is awaiting approval from the National Highways Authority of India (NHAI) to begin operations.

The temporary road connectivity is expected to facilitate the launch of Exim cargo movement this month. However, a permanent solution is planned through a ₹100-crore cloverleaf interchange on NH-66, which will allow container trailers to access the port directly without affecting highway traffic. Land acquisition for the project is in its final stages and NHAI is expected to commence construction soon, the sources said.

Meanwhile, work for the rail connectivity to the port is progressing, with Konkan Railway reportedly entrusted with constructing the 9-km rail link from Balaramapuram to Vizhinjam at an estimated cost of ₹1,500 crore. The project is expected to be completed by 2028, the sources added.

Published on June 2, 2026