Description
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Context
- Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India Capacity of JNPCT will increase to 1.8 million TEUs from5 million TEUs Port received Royalty price of Rs. 4,520 per TEU against the Minimum Reserve Price of Rs. 1800 per TEUs.
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Twenty-Foot Equivalent Unit (TEUs)
The twenty-foot equivalent unit (abbreviated TEU or teu) is an inexact unit of cargo capacity, often used for container ships and container ports. It is based on the volume of a 20-foot-long (6.1 m) intermodal container, a standard-sized metal box which can be easily transferred between different modes of transportation, such as ships, trains, and trucks.
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Read: MAJOR SEA PORTS IN INDIA
https://www.iasgyan.in/blogs/major-sea-ports-in-india
JNPT Port
- Jawaharlal Nehru Port Trust (JNPT) or JLN Port, also known as Nhava Sheva Port, is the second largest container port in India after Mundra Port.
- Located in Navi Mumbai's Raigad district, this port on the Arabian Sea is accessed via Thane Creek. It's a nodal city of Navi Mumbai. Its common name derives from the names of Nhava and Sheva villages that are situated here. This port is also the terminal of Western Dedicated Freight Corridor.
- The port was established on 26 May It crossed the historic landmark of 4 million TEUs (Twenty-foot equivalent units) in container throughout consecutively for the last five years.
Port Administration Models
https://www.pib.gov.in/PressReleasePage.aspx?PRID=1842587
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