
Japanese shipping firm plans to start container services from Mormugao port
At least three shipping lines, including the Japanese shipping firm Ocean Network Express (ONE), expressed interest in commencing container movement at Mormugao port after the monsoon.
Additionally, Delta Ports, which handles operations at Berth No 10 and 11 of Mormugao port, is in active discussions with Shipping Corporation of India (SCI) to include Goa in the SMILE (SCI-Middle-East-India-Liner-Express) service.
ONE's senior management team, led by its managing director Masahiro Sakikubo, undertook a comprehensive terminal tour of Mormugao port on Monday to assess the terminal's container-handling infrastructure.
ONE is jointly owned by the Japanese shipping lines Nippon Yusen Kaisha, Mitsui OSK Lines, and K Line.
'This is a major milestone where a global liner has entrusted us and visited Goa for restarting the container services. ONE's management showed keen interest in the ongoing developments at Delta port's Mormugao Terminal Private Limited, particularly regarding the resumption of container services. Our consistent efforts and engagement with stakeholders led to their first-hand visit, offering an encouraging outlook for Goa Port's future,' said an official of Delta Ports.
ONE, currently ranked fifth in the global container trade, operates a fleet of over 260 vessels with a capacity exceeding 2 million TEU.
MPA chairperson N Vinodkumar assured ONE of the port's full support, along with incentives to facilitate the commencement of container trade.
Encouragingly, Unifeeder, another logistics firm, is currently studying the feasibility of including Goa in its container network, engaging with leading shipping lines like CMA CGM, ONE, Maersk, MSC, and HMM to ship container cargo post-monsoon.
Port officials said that the inclusion of Mormugao port in the SCI's SMILE network will reduce road transport dependency and support cargo movement for salt, industrial salt, tiles, bentonite, and manufactured goods, benefitting local industries.
'Goa's exporters and importers will soon enjoy seamless global connectivity from their hometown port. "This initiative will particularly empower MSMEs, enabling them to compete confidently in international markets without the burden of high logistics costs,' said an MPA official.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
an hour ago
- Time of India
India's ‘Trump Card' on trade deal? How India can handle US pressure and seal agreement
As the US and India look to seal a trade deal ahead of Donald Trump's self-imposed July 9 deadline, India seems to be resisting American pressure - joining a select group of countries refusing to budge to tactics of the world's largest economy. Tired of too many ads? go ad free now While smaller economies like Vietnam have capitulated by slashing tariffs and opening markets, India can use its growing energy imports as a strategic bargaining chip, and refuse to budge on sensitive issues like agriculture, believes Swaminathan Aiyar, Consulting Editor at ET Now. India's 'Trump Card': Energy imports According to Aiyar, India is in a far better negotiating position than most. 'I really think we should be tough and hold out. Our strength is that because we are short of oil and gas, we can be among the very few countries that are going to shrink their trade deficit with the USA,' Aiyar said, according to an ET report quoting the TV channel. India's oil imports from the US jumped to 439,000 barrels per day in June, up from 280,000 bpd the month before. That's exactly the kind of stat Trump loves, evidence that a trading partner is helping reduce the US trade deficit. Also read: Aiyar added, 'Other countries will find it very difficult because I do not think they are in a position to massively increase imports of energy.' Agri and dairy: Red lines for India But if Trump expects a wide-ranging trade deal, India's agricultural sector is where things hit a wall. Aiyar warned that any move to open India's markets to genetically modified (GM) crops, such as GM soy, maize, and wheat, which dominate US agriculture, would trigger domestic and international consequences. 'If we allow this in, then we will not be allowed to export to Europe because Europe won't take genetically modified crops,' Aiyar was quoted as saying. The issue is politically sensitive, especially after months of nationwide farmer protests. Tired of too many ads? go ad free now Any move to allow GM food imports could spark widespread backlash. So while Trump's farm lobby is pushing hard, India is unlikely to grant access. Also read: Vietnam's deal: More optics than economics Trump recently announced a deal with Vietnam, claiming zero-duty access and market entry. But Aiyar dismissed this as 'largely theatrical.' Vietnam, he said, imports very little from the US to begin with, so zero tariffs don't amount to much. 'The plain and simple fact is that they import very little from the USA… If they say import duty on cars comes down to zero, how many American companies are going to be competitive compared with the Japanese, Koreans, or Europeans?' Aiyar asked. Vietnam was already willing to offer zero tariffs on certain goods, and Trump's deal is more about symbolism than substance. Japan and EU are holding firm too India is not alone in resisting Washington's aggressive trade agenda. Both Japan and the European Union have rejected what they see as unfair, one-sided demands from the Trump administration. 'They are saying they are going to continue and have very serious problems with US proposals. We are not going to keel under,' Aiyar said. 'That sends a message to India and others, don't cave in.' With the July 9 deadline looming, Aiyar believes Trump is more focused on the headlines than the fine print. 'Even where there are partial agreements, as may be the case with India, he will play that up. He's a performer. A stage actor,' he said.


Time of India
an hour ago
- Time of India
School Assembly Headlines for July 4, 2025: Check all the national, international, sports, business news here
National news was dominated by Delhi's push to lift the fuel ban on overage vehicles and the Defence Ministry's massive new arms procurement, to heavy monsoon rains lashing various parts of the country. Globally, tensions rise as Israeli strikes in Gaza claim dozens of lives, while Thailand swears in a new acting prime minister. In business, former NITI Aayog CEO Amitabh Kant joins IndiGo's board, and in sports, Team India posts a massive total in the second Test against England, led by Shubman Gill's record-breaking 269. These and other top developments across national, international, business, and sports domains are among the day's most important school assembly headlines School Assembly Headlines for July 4, 2025: National News Delhi seeks lifting of fuel ban on overage vehicles The Delhi government on Thursday urged the Centre's air quality panel to immediately suspend the fuel ban on overage vehicles and said it will also make "all out efforts" to resolve issues related to restrictions on the movement of end-of-life vehicles on the city's roads. Defence Ministry starts process to buy arms worth Rs 1 lakh crore The defence ministry has given the armed forces the go ahead to carry out acquisitions worth over Rs 1 lakh crore, including critical mine counter-measure vessels, quick reaction surface-to-air systems and underwater drones. British team to land in Kerala to repair stranded F-35B fighter jet A team of aviation engineers from the UK is expected to arrive in Thiruvananthapuram on July 5 to repair an F-35B Lightning jet of Britain's Royal Navy, as the aircraft remains stranded following an emergency landing last month. Live Events Monsoon in active phase, heavy rainfall to continue across India The India Meteorological Department (IMD) has issued a warning of heavy rainfall across most parts of the country, citing favorable conditions for the monsoon. Bihar polls: INDIA bloc delegation meets with ECI regarding voter drive in Bihar A delegation of INDIA bloc leaders from 11 political parties met with the Election Commission of India (ECI) in the national capital on Wednesday to register their opposition to the Special Intensive Revision (SIR) of electoral rolls currently underway in Bihar, calling it the "worst attack on the basic structure of the Constitution." School Assembly Headlines for July 4, 2025: International News Drive-by shooting in Chicago leaves 4 dead and 14 others wounded, police say Police say four people have died from gunshot wounds and 14 others have been hospitalized following a drive-by shooting in Chicago. At least three were in critical condition. The shooting happened late Wednesday in Chicago's River North neighborhood, a popular nightlife destination with many restaurant. Thailand's Phumtham Wechayachai confirmed as new acting PM Thailand swore in new Cabinet members Thursday with its government in flux after the Constitutional Court suspended the prime minister less than a year after the same court removed her predecessor. House GOP clears key hurdle on Trump's big bill US lawmakers prepared for a final vote on Donald Trump's key tax and spending bill on Thursday, after intense Republican disagreements nearly derailed the main part of the president's domestic agenda. Hakeem Jeffries speaks for more than eight hours to delay Trump's 'One Big Beautiful Bill' House Democratic Leader Hakeem Jeffries has delivered a marathon speech, invoking a rarely used House procedure known as the 'magic minute' as a protest against President Donald Trump's tax and spending Bill. 6 dead, 30 missing after ferry sinks on way to Indonesia's Bali At least six people were dead and dozens unaccounted for Thursday after a ferry sank in rough seas on its way to the Indonesian resort island Bali, according to rescue authorities who said 29 survivors had been plucked from the water so far. Putin and Trump discuss Iran and Ukraine in phone call, Kremlin official says U.S. President Donald Trump and Russian President Vladimir Putin discussed Iran, Ukraine and other issues by phone on Thursday. Iran diplomat says open to talks if US rules out military action A senior Iranian diplomat said Thursday his country remains open to diplomacy provided the United States offers guarantees it will not resort to military action against the Islamic republic. Israeli strikes kill 94 Palestinians in Gaza, including 45 people waiting for aid Israeli airstrikes and shootings killed 94 Palestinians in Gaza late Wednesday and Thursday, including 45 who were attempting to get much-needed humanitarian aid, hospitals and the Health Ministry said Thursday. School Assembly Headlines for July 4, 2025: Business News Amitabh Kant to join IndiGo board IndiGo parent InterGlobe Aviation announced the appointment of former Niti Aayog CEO and India's G20 Sherpa Amitabh Kant as a Non-Executive Director to its board. Kant had resigned as India's G20 Sherpa last month. Delhi HC restrains Patanjali from running ads against Dabur The Delhi High Court on Thursday restrained Patanjali Ayurved from airing any television advertisements that disparage Dabur India's Chyawanprash products. India may allow genetically modified animal-feed imports from US in trade deal India may allow imports of some processed, genetically modified US farm products as it seeks to strike a trade deal with Washington, according to Bloomberg report. School Assembly Headlines for July 4, 2025: Sports News Liverpool's Diogo Jota, brother die in single-car accident Liverpool forward Diogo Jota and his brother, Andre Silva, were killed in a single-car accident near Zamora, Spain, police said Thursday. Jota, a Portuguese international, was 28. Silva was 26. India post 587 in first innings of second England test on back of skipper's 269 India were dismissed for a commanding total of 587 in the first innings on the back of skipper Shubman Gill's record-breaking knock of 269 on day two of the second test at Edgbaston on Thursday. Opener Yashasvi Jaiswal (87) and Ravindra Jadeja (89) missed out on tons while Gill was involved in two century stands, including a crucial 203-run partnership with Jadeja. Pakistan hockey team won't be stopped from competing in India Pakistan's hockey teams will not be stopped from competing in next month's Asia Cup and the junior World Cup in India as any move to block the arch-foes would be a violation of the Olympic Charter, a sports ministry source told PTI on Thursday. Clayton Kershaw makes history in Dodgers' comeback win over White Sox The Los Angeles Dodgers had a full night Wednesday, watching Clayton Kershaw record his 3,000th career strikeout before Freddie Freeman capped a three-run ninth-inning rally with a game-ending single in a 5-4 victory over the visiting Chicago White Sox. Sub-jr Women's hockey: Karnataka, Manipur, Himachal make winning start in Ranchi Himachal, Assam, Karnataka, and Manipur won their respective matches as the 15th Hockey India Sub-Junior Women's National Championship 2025 kicked off at the Marang Gomke Jaipal Singh Astroturf Hockey Stadium in Jharkhand capital on Thursday. School Assembly Headlines for July 4, 2025: Thought of the Day 'You cannot change your future, but you can change your habits, and surely your habits will change your future"- Dr APJ Abdul Kalam.


Time of India
2 hours ago
- Time of India
NCR records 7.2 million sq ft office leasing in H1 2025
NEW DELHI: The National Capital Region (NCR) has outperformed other Indian cities in both commercial and residential real estate in the first half of 2025, with a record-breaking 7.2 million sq ft of office space leased and a steep rise in ultra-luxury home sales, according to Knight Frank India 's latest report. Office Market: Strongest Leasing Momentum Ever Recorded in NCR NCR's office leasing rose by 27% year-on-year, hitting an all-time high, underlining the region's growing importance as a commercial hub. Gurugram, often seen as NCR's corporate epicentre, accounted for an overwhelming 65% of the total office leasing during the period—a sharp rise of 900 basis points compared to the same period last year. Notably, the demand wasn't just driven by India-facing enterprises. Global Capability Centres (GCCs)—companies that provide support services to global operations—ramped up their share of office leasing in NCR to 31% in H1 2025, equal to that of domestic firms. This indicates a rising confidence among global firms in NCR's talent pool and infrastructure readiness. The average rental value for office space in the region jumped 8% year-on-year to ₹93.5 per sq ft per month. Delhi's Central Business District remained the costliest, commanding rentals between ₹220 and ₹390 per sq ft per month. In Gurugram, Golf Course Road and Cyber City continued to dominate both demand and pricing. About 4.1 million sq ft of new supply was added across NCR during the same period, but the supply-demand gap for quality Grade A offices remains evident, prompting upward pressure on rents. Residential Market: Luxury Segment Shines Amid Overall Dip On the residential side, while overall sales and launches dipped slightly, the market story was driven by rising aspirations and a growing appetite for premium living. Housing sales across NCR stood at 26,795 units in H1 2025, marking an 8% year-on-year drop. New launches also saw a decline of 17%, totalling 25,233 units. Yet, within this subdued environment, the luxury housing segment recorded unprecedented activity. Sales of homes priced above ₹2 crore surged, accounting for 57% of total sales—up from 43% in H1 2024. Even more striking was the growth in ultra-luxury homes priced above ₹50 crore, where sales increased by a staggering 2,550% year-on-year. These marquee transactions were largely concentrated in Gurugram, reaffirming its position as NCR's high-end residential capital. The city alone contributed 51% to total housing sales and 55% to fresh supply, with sectors along Golf Course Extension Road, Southern Peripheral Road, and Dwarka Expressway witnessing heightened traction. Noida and Greater Noida together formed 30% of NCR's home sales, bolstered by infrastructure upgrades such as the ongoing work on the Noida International Airport in Jewar and metro expansions. The increased demand in these regions was predominantly in the mid to upper-mid segments. Residential prices across NCR averaged ₹5,535 per sq ft in H1 2025, reflecting a healthy 14% year-on-year increase. While the premium and luxury segments gained momentum, the affordable housing category (₹25–50 lakh) saw sales drop by 37%—a result of price escalations, land cost pressures, and tighter home loan dynamics. Shift in Buyer Sentiment and Developer Strategy What's emerging clearly is the buyer shift towards larger homes with better amenities, especially post-pandemic. Developers, in response, are increasingly launching high-ticket projects tailored to aspirational urban families and NRIs. Knight Frank's findings reflect a maturing market where both end-users and investors are focusing on long-term value. The rise of demand in studio apartments, branded residences, and gated communities equipped with health and wellness features also signal changing buyer preferences.