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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 reaches 1,000-vessel milestone in less tha...
V Sajeev Kumar · 2026-06-24 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Vizhinjam International Seaport has achieved a major milestone on Wednesday by handling its 1,000th vessel, the MSC Luciana, operated by Mediterranean Shipping Company (MSC). The accomplishment comes less than two years after the port commenced operations, underscoring its rapid rise as a key player in the maritime sector.

Trial operations at the port began in July 2024, while full-scale commercial operations were launched in December 2024. Reaching the 1,000-vessel mark within such a short period places Vizhinjam among the fastest-growing ports to attain this milestone.

The port has also demonstrated impressive cargo-handling capabilities, recently surpassing 2 million TEUs in record time. Operated by the Adani Group, Vizhinjam is steadily emerging as a major maritime gateway for South India and is strengthening India’s efforts to handle deep-sea cargo domestically rather than relying on foreign transshipment hubs.

The port officials said that Vizhinjam’s growth has attracted considerable attention from the international shipping community. From handling its first vessel to reaching the 1,000th call, the port has recorded remarkable progress and operational efficiency.

Several factors have contributed to its success, including its deep natural draft, natural harbour, and strategic location near the busy East-West international shipping route. These advantages have enabled the port to attract some of the world’s largest container ships and have reinforced Kerala’s ambitions of becoming a significant maritime hub.

The arrival of the 1,000th vessel further strengthens expectations that Vizhinjam can reduce India’s dependence on overseas transshipment centres such as Colombo, Singapore, and Dubai. As global shipping companies increasingly seek efficient ports capable of accommodating ultra-large container vessels, Vizhinjam’s modern infrastructure and operational capabilities are positioning it as a strong contender in the regional maritime network.

Vizhinjam is also having the distinction of handling more ultra large container vessels vis-a-vis other terminals and the port handled 7 such vessels last month alone, the officials added.

Published on June 24, 2026