logo
MSC IRINA docks at Vizhinjam: World's largest container ship gets water salute; major boost for India's new deep water port

MSC IRINA docks at Vizhinjam: World's largest container ship gets water salute; major boost for India's new deep water port

Time of India09-06-2025

(Photo crredit: PTI)
NEW DELHI: The world's largest container ship by capacity, MSC IRINA, docked at Vizhinjam International Seaport on Monday morning. Its arrival marks a significant milestone for the newly inaugurated India's first deep water port, opened by Prime Minister Narendra Modi on May 2.
The vessel arrived at Vizhinjam port at 8 am and was welcomed with a traditional water salute. The ship will remain docked until Tuesday, according to port authorities.
The massive MSC IRINA, with a capacity of 24,346 TEUs (twenty-foot equivalent units), reflects the growing scale of global trade and India's rising role in international commerce, according to news agency PTI.
Measuring 399.9 metres in length and 61.3 metres in width, the ship is nearly four times longer than a standard FIFA football field, according to a port statement.
Sharing a post on X, Karan Adani, Managing Director of Adani ports and SEZ Ltd, said, "Proud to welcome MSC Irina, the world's largest container ship with a capacity of 24,346 TEUs, to our Vizhinjam port."
"This marks the vessel's maiden visit to the South Asian shores, making it a milestone not just for Vizhinjam but for India's emergence as a key player in global transshipment. A bold vision now in motion," he added.
The MSC IRINA, specifically constructed for transporting large container volumes between Asia and Europe, plays a crucial role in optimising trade routes and logistics efficiency.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất
IC Markets
Đăng ký
Undo
Built with eco-friendly technology, the ship includes energy-saving systems that reduce carbon emissions by up to 4%, helping lower its environmental impact without compromising efficiency.
Its arrival at Vizhinjam International Seaport highlights the port's growing global significance and marks a step forward in promoting greener shipping practices, the release noted.
This inaugural visit to a South Asian port showcases Vizhinjam's ability to accommodate Ultra-Large Container Vessels (ULCVs).
The port has recently serviced other Icon-class vessels, including MSC Turkiye and MSC Michel Cappellini, strengthening its position in maritime commerce.
The MSC IRINA began operations in March 2023, with its first journey commencing in April 2023. The vessel can stack containers 26 tiers high, providing exceptional storage capacity. The MSC IRINA, now the world's largest container ship, is 150 TEUs larger than the previous record-holder, OOCL Spain.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Elon Musk faces pushback as Texas lawmakers urge delay of Tesla robotaxi launch
Elon Musk faces pushback as Texas lawmakers urge delay of Tesla robotaxi launch

Time of India

time30 minutes ago

  • Time of India

Elon Musk faces pushback as Texas lawmakers urge delay of Tesla robotaxi launch

Elon Musk 's ambitious plans to launch Tesla 's robotaxi service in Austin this month have hit political resistance. A group of Democratic lawmakers from the Austin area has formally requested the company to delay the rollout until September, when new autonomous vehicle regulations are set to take effect in Texas. The lawmakers argue that waiting for the legislation to kick in would better serve public safety and help build trust in Tesla's self-driving technology . While Musk hinted at a tentative launch this Sunday, the lack of details has raised concerns about oversight and preparedness. Lawmakers cite safety and public trust concerns In a letter sent to Tesla on Wednesday, the group of Austin-based Democratic lawmakers urged the company to hold off until the new autonomous vehicle law comes into effect. They warned that an early launch could undermine public trust and compromise safety, especially without clear protocols in place. They asked Tesla to provide a detailed explanation of how it intends to comply with the upcoming legislation if it proceeds with the rollout as planned. What the new Texas law entails by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Currently, Texas allows autonomous vehicles to operate statewide, provided they meet basic registration and insurance requirements. The new law passed by the legislature which is expected to take effect in September, will require companies like Tesla to seek formal authorisation before launching driverless services . The law also grants state authorities the power to revoke permits if the vehicles are deemed a public danger, and mandates companies to provide emergency guidance for police and first responders. Tesla's quiet approach about the launch Tesla and Musk have so far offered limited details about the Austin robotaxi launch. Musk said it would begin with 10 to 20 Model Y vehicles operating in 'the safest' parts of the city, but has not revealed who the initial riders would be, how the service would be priced, or how remote monitoring would be handled. This opacity has added to the lawmakers' concerns and fuelled debate over whether the rollout is premature. High stakes for Tesla's future Musk has placed the future of Tesla heavily on its autonomous driving technologies, shifting focus from traditional EV sales to robotaxis and humanoid robots. Investors and analysts view the upcoming robotaxi rollout in Austin as a crucial step. The pushback from lawmakers, however, highlights the regulatory hurdles that could slow Tesla's momentum in a space already fraught with scrutiny. Will Tesla comply or proceed? It remains uncertain how Tesla will respond. While the lawmakers' letter carries political weight in Austin, Texas is a Republican-led state, and the new law has yet to be signed by the governor. Whether Tesla proceeds with the launch or chooses to delay voluntarily could shape both its public image and regulatory relationships moving forward. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

What Yoga can teach you about bond allocation and portfolio balance
What Yoga can teach you about bond allocation and portfolio balance

Time of India

time38 minutes ago

  • Time of India

What Yoga can teach you about bond allocation and portfolio balance

Each year on June 21st, the world collectively turns its attention to the ancient discipline of yoga, a practice that goes beyond physical postures and reaches deep into the realms of balance, stillness, and self-awareness. As an investor and practitioner of financial discipline, I often find striking parallels between yoga and the art of asset allocation, particularly in the way bonds bring stability to a portfolio, just as yoga brings calm to the mind and body. In an investment landscape that is often dominated by noise, speed, and volatility, bonds are the equivalent of holding a firm vrikshasana (tree pose), a reminder that strength lies not only in movement but also in being grounded. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The Calm Within Market Chaos Yoga teaches us that balance is not static; it is a dynamic, living practice. The same applies to investment portfolios. Stock markets, like life, are inherently unpredictable. But volatility need not lead to panic. Investors who embrace fixed income instruments, especially bonds, often find themselves better equipped to stay the course. Bonds Corner Powered By What Yoga can teach you about bond allocation and portfolio balance Yoga and bond investing share a common thread—balance, discipline, and intentionality. Just as yoga builds inner calm, bonds bring portfolio stability, offering resilience in volatile markets and enabling mindful financial decisions aligned with personal goals. Mild recovery in India bonds; key debt auction to decide next direction Will eased KYC norms revive foreign investment in Indian sovereign bonds? India's Larsen & Toubro may explore another ESG bond issue after debut attracts premium, spokesperson says Indian bond yields marginally higher; focus on oil, debt supply Browse all Bonds News with Just as pranayama (controlled breathing) aligns the nervous system during external stress, bonds provide financial alignment by cushioning market swings and offering predictable income. Live Events This calming effect is not merely mechanical; it also plays a role in behavioral finance. When portfolios include stable, income-generating instruments, investors are less likely to act on impulse, less likely to sell in fear, chase momentum, or abandon long-term plans. That is inner balance reflected in financial behavior. Discipline: The Invisible Strength Ask any yoga practitioner what leads to progress, and the answer will invariably be discipline. Not just showing up on the mat, but holding each pose with intention, returning to practice every day, and resisting the temptation to overextend. Bond investing works on the same principle. It is not about timing the market or chasing quick wins. It's about aligning your financial posture with your goals, time horizon, and risk tolerance: Young investors may use bonds as a stabilizer in an equity-heavy portfolio, reducing drawdowns. Mid-career professionals may prefer a laddered bond portfolio that aligns with their life goals. Retirees often rely on bonds as a steady income stream, preserving capital while offering peace of mind. A disciplined allocation to bonds ensures that your portfolio, like a well-sequenced yoga flow, remains balanced through each life stage. Diversity Within Stability There's a tendency to assume that bonds are 'safe but dull.' This is a dated perception. Today's bond markets offer dynamic options, ranging from ultra-safe AAA-rated corporate bonds to higher-yielding instruments issued by credible mid-tier companies. Much like yoga offers modifications of each pose from beginner to advanced investors can choose from a spectrum of risk-reward profiles in fixed income: High-rated bonds offer capital safety and stable returns. High-yield bonds, with appropriate due diligence, can enhance portfolio returns, providing compensation for higher risk. Here's what makes high-yield bonds especially attractive in today's market: Short Tenures: Many of these bonds come with durations ranging from 3 months to 3 years, offering flexibility and liquidity. High Yields: Investors can earn returns of up to 14%, depending on the issuer and structure. Less Risk than Equity: While not without risk, these bonds generally exhibit lower volatility compared to equities. Secured Instruments: Many are backed by collateral, offering an additional layer of protection for investors. When combined, these create an internal balance within your debt portfolio one that caters to both security and performance. The Digital Shift: Bonds at Your Fingertips Much like how yoga reached homes across the world through digital platforms and apps, online bond platforms are now redefining access to fixed-income investing. Retail investors once struggled to enter the bond market due to a lack of access, awareness, or transparency. Today, online platforms allow investors to: Explore and compare bonds with clarity on ratings, yields, and maturities Invest in both primary issuances and secondary market bonds Tailor portfolios according to individual risk preferences and goals This democratization of fixed income is perhaps one of the most impactful shifts in Indian capital markets in recent years, bringing portfolio balance within reach of every investor. Investing with Purpose Yoga is not a competitive sport. It is a purpose-driven journey, rooted in personal growth. Investing, too, is not a race. It is about aligning your financial actions with your life's purpose—whether that's early retirement, wealth creation, or financial independence. Bonds support this purpose by offering visibility and control. When you know your returns, your risks, and your exit horizons, you are no longer at the mercy of the market's mood swings. In other words, bonds allow you to invest with intention, just like every mindful movement in yoga. In Closing: Align Your Portfolio Like You Align Your Breath The wisdom of yoga lies in its simplicity: stay grounded, be aware, and move with purpose. Bonds offer the same value in financial planning. They stabilize, center, and guide your portfolio through cycles of boom and bust. This International Yoga Day, as you stretch into your asanas and breathe into balance, take a moment to ask: Is my portfolio as aligned as my posture? Am I building not just wealth, but also resilience? If not, it may be time to recalibrate and let the quiet strength of bonds help you achieve lasting financial wellness. (The author of the article is Saurav Ghosh, Co-Founder- Jiraaf) ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Breathe. Hold. Invest: What Yoga teaches us about wealth creation
Breathe. Hold. Invest: What Yoga teaches us about wealth creation

Time of India

time38 minutes ago

  • Time of India

Breathe. Hold. Invest: What Yoga teaches us about wealth creation

Investing isn't a destination, it's a lifelong journey that evolves with you, growing alongside you with each passing year. In a world driven by instant gratification and volatile markets, both yoga and investing require something increasingly rare: discipline, patience, and mindfulness. By aligning the philosophy of yoga with financial habits, investors can create a more balanced relationship with their money. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Most equity investors look for quick results. They micro analyse each day's market fluctuation, try to rethink each decision they made, second guess not only their own research but also the advises they have acted on from seasoned professionals. But when you look back at this moment 20 or 30 years from now, these fluctuations will feel like nothing more than a small blip in time. Two decades ago, the Sensex was around 5,000 points. Despite several ups and downs like the Global Financial Crises where Sensex declined by more than 30% in less a 6 months period; a sharp fall of about 27% at the onset of the COVID-19 pandemic; and numerous periods of sideways movement, Sensex has yet again crossed the 81,000 mark. This is a 16.2x times gain in the 20 years period. This long-term growth underscores a vital lesson - patience and persistence are often the most rewarding strategies in not only Yoga but also in investing. During every bout of volatility which could be triggered by events completely out of anyone's control, investors often feel depressed looking at the temporary losses in their portfolio values. Many even act impulsively and sell some of their investments. But most successful investors aren't chasing quick wins or reacting to every market shift. They think long-term, stay calm during volatility, and many times take advantage of the market nervousness to find some compelling ideas. The power of compounding is infact like yoga - it has the power to transform your life in ways that one would have never imagined. Ask someone who has spent years meditating in a disciplined fashion, the transformation that he/she has undergone. Somebody who has never meditated cannot even imagine the inner peace that someone with that experience has achieved. Just as no one masters a headstand on the first try or fully experiences the benefits of kapalbhati or pranayama within a few weeks, it's the steady ongoing practice that brings real transformation. Live Events Every session of Yoga begins with one fundamental instruction: focus on your breath. It's a call to anchor yourself in the present moment and not on what just happened or what's coming next. The same lesson applies to investing. People need to see beyond just returns if they want to create true wealth and that is possible only when you focus on the investment process and not on the investment outcomes. When investing, one has to understand that despite all the research, analysis, and planning, there will always be elements of risk. You might pick the right fund, but the market may still dip leading to a broader level fall in your portfolio. You might invest at the perfect time, but returns could take years to compound. That's not failure, but a reality. A very important philosophy that applies here is ' aparigraha' or non-attachment. By embracing non-attachment, investors can avoid the stress of trying to control every outcome. It's about being consistent, making thoughtful decisions, and then allowing the process to unfold. This is much like holding a yoga pose with presence and ease, rather than striving for perfection. Yoga has been recognised globally to discover the essence of life. By focusing on the present, dealing day to day with equanimity, maintaining discipline to lead a balanced life and using meditation and exercises for both the mind and body, millions of people have achieved happiness. By incorporating some of these principles in our investment processes, we can have similar outcomes for our wealth as well. (The author Raghvendra Nath is Managing Director, Ladderup Asset Managers. Views are own) ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store