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Mumbai Port Authority has set an ambitious cargo throughput target of 80 million metric tonnes (MMT) for the coming fiscal year, following its highest-ever cargo handling performance of 75.15 MMT in FY 2025-26. The achievement underscores the port’s growing importance in India’s maritime logistics ecosystem and highlights its continued focus on operational excellence, capacity optimization, and stakeholder collaboration.
The record performance represents a significant milestone for one of India’s oldest and most strategically located ports. During FY 2025-26, Mumbai Port accounted for 8.22% of the cargo handled by the country’s major ports, reinforcing its position as a key gateway for international and coastal trade. The port also maintained strong market shares across critical cargo segments, including iron and steel EXIM cargo, liquid bulk cargo, and coastal trade.
The new target was announced during a stakeholder meeting convened by the port authority to review operational performance and identify strategies for sustaining growth. Discussions focused on improving vessel turnaround times, optimizing berth utilization, enhancing cargo handling efficiency, and maintaining cost competitiveness amid evolving global trade dynamics.
Addressing industry stakeholders, Mumbai Port Authority Chairperson Dr. M. Angamuthu emphasized that the record cargo throughput was the result of coordinated efforts among port users, trade partners, terminal operators, and government agencies. He highlighted the broader economic impact of port-led growth, noting that increased cargo volumes contribute to revenue generation, employment creation, and national economic development.
The port authority is also prioritizing sustainability and long-term infrastructure development as part of its growth strategy. Stakeholders reviewed plans aimed at strengthening operational resilience while advancing environmentally responsible cargo handling practices. Future expansion initiatives, including waterfront development projects, are expected to support the port’s long-term competitiveness and service capabilities.
Mumbai Port’s growth ambitions align with the broader momentum across India’s maritime sector. The country’s major ports collectively handled a record 915.17 million tonnes of cargo in FY 2025-26, reflecting rising trade volumes, infrastructure investments, and efficiency improvements across the logistics network. Against this backdrop, Mumbai Port’s 80 MMT target signals its intent to play an even larger role in supporting India’s supply chain and trade ambitions in the years ahead.
𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
Assam has marked a significant milestone in India’s inland waterways and Northeast logistics landscape, with the first international cargo consignment from Upper Assam to a foreign port since Independence departing from the Bogibeel Terminal in Dibrugarh for Bangladesh. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal flagged off the vessel DLB Patkai, pushed by the tug Kushal Konwar, carrying 540 metric tonnes of methanol produced by Assam Petro-Chemicals Limited (APCL) at Namrup. The consignment is bound for Pangaon Port in Dhaka, Bangladesh, marking the revival of Dibrugarh’s international river trade after nearly seven decades. The cargo will travel approximately 768 km along the Brahmaputra, designated as National Waterway-2 (NW-2), before entering the Indo-Bangladesh Protocol Route (IBPR) for onward movement to Bangladesh. The overall journey from Bogibeel to Narayanganj is expected to cover around 1,300 km. The landmark movement is being viewed as a test of the Brahmaputra’s potential as a commercially viable freight corridor connecting the Northeast with international markets. The reopening of this route could provide industries in Assam and neighbouring states with an alternative to road-based transportation, while improving access to Bangladesh and other regional markets. The development has been enabled by infrastructure upgrades at Bogibeel and the establishment of customs and immigration facilities at Bogibeel and Dhubri. The Bogibeel passenger and cargo terminal, which became operational in 2024, is expected to play an important role in supporting future cargo movements. The Ministry of Ports, Shipping and Waterways said the initiative is expected to reduce logistics costs, ease pressure on road networks and strengthen regional economic connectivity. Regular methanol shipments to Bangladesh are also planned, indicating that the maiden voyage could evolve into a sustained trade service rather than remain a one-off movement. The revival also reconnects Dibrugarh with its historic role as a river-trade centre. Regular river cargo operations from the town declined after the mid-20th century as trade patterns shifted towards rail and other modes. The latest shipment represents a renewed effort to leverage the Brahmaputra for modern freight movement. Sonowal has also announced a ₹200-crore skill development centre at Bogibeel, expected to train around 50,000 young people from Assam and the Northeast over the next decade for opportunities in the maritime and shipping sectors. A With cargo movement on India’s national waterways rising substantially in recent years, the Dibrugarh-Dhaka shipment adds another dimension to the country’s multimodal logistics strategy. It could strengthen the Northeast’s position as a gateway to eastern and international markets while promoting inland waterways as a cost-efficient and lower-emission freight option. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
Sagarmala Finance Corporation Limited (SMFCL), India’s first maritime-focused lender, is set to launch the country’s maiden blue bond issue on September 28, 2026, marking a significant step towards creating dedicated financing avenues for maritime and coastal infrastructure. The lender plans to raise ₹600 crore through 10-year bonds, including a ₹500-crore greenshoe option, according to a provisional term sheet. The proceeds will be directed towards lending to the maritime sector, financing greenfield port projects and supporting coastal road networks, among other related infrastructure initiatives. SMFCL Managing Director L.V.S. Sudhakar Babu said the funds are expected to be utilised during the current financial year. Blue bonds are debt instruments designed to mobilise capital for sustainable water and marine-related projects. Such financing can support areas including clean water, recycling, sustainable shipping and fishing, ocean energy, marine mapping and other projects linked to the sustainable use of marine resources. The proposed issue has received an AA+ credit rating from ICRA and CARE, while SBI Capital Markets has been appointed as the arranger. SMFCL is also engaging large insurance companies and provident fund institutions as potential investors. The lender plans to invite coupon and commitment bids as part of the issue process. SMFCL was inaugurated in June 2025 as India’s first Non-Banking Financial Company focused on the maritime sector. The institution was established to help address financing gaps across ports, shipping, maritime infrastructure, MSMEs and startups. Its board has approved an overall borrowing limit of ₹25,000 crore, with ₹8,000 crore earmarked for its first financial year of operations. The proposed blue bond also comes as other Indian institutions explore similar financing mechanisms. Vadodara Municipal Corporation is separately planning to raise around ₹200 crore through a blue bond issue, highlighting the emerging interest in thematic financing for sustainable water and maritime-related infrastructure. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
Iran is preparing to announce a new restricted maritime zone in the Gulf and a proposed international shipping corridor through the Strait of Hormuz, raising fresh concerns for global shipping, energy security and supply chains. The move comes amid heightened military tensions in the region and a sharp decline in vessel movements through the strategically vital waterway. Mohsen Rezaei, Secretary of Iran’s Supreme National Security Council, said the proposed restricted zone would begin from the point where the US blockade of Iran starts and extend into parts of the Gulf. Under the proposed arrangement, vessels entering the designated area could be placed on Iran’s sanctions list. Further details, including the exact boundaries and operating rules of the zone, are yet to be disclosed. At the same time, Tehran says it has agreed on maps for a new international maritime corridor running through Iranian and Omani waters. According to Rezaei, Iran would manage the proposed route, with the maps expected to be formally signed in the coming days. The initiative could introduce a new framework for vessel movements through the Strait of Hormuz, although its practical implementation remains unclear. The developments come as shipping activity through the Strait of Hormuz has fallen significantly. According to reports, an average of about 10 commodity vessels crossed the waterway each day over a recent 10-day period, marking the lowest level reported since May. Before the current disruption, the Strait carried roughly one-fifth of global oil supplies, underlining its importance to international energy and maritime trade. For India, the situation carries significant implications. The country imports nearly 90% of its crude oil requirements, with a substantial share sourced from Gulf producers and transported through the Strait of Hormuz. Any prolonged restriction, additional charges or uncertainty around vessel access could therefore increase freight, insurance and energy costs, while also affecting imports of LNG, LPG and petrochemical products. For global supply chains, the proposed restricted zone adds another layer of uncertainty to an already volatile maritime environment. Shipping lines, tanker operators, energy traders and cargo owners are likely to closely monitor the final route maps, sanctions framework and navigational arrangements before determining their operational strategies. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
