Latest news with #VISL
Time of India
a day ago
- Business
- Time of India
Gateway cargo at Vizhinjam port likely only by Dec 2025
Thiruvananthapuram: Gateway cargo operations at Vizhinjam International Seaport are now likely to begin only by Dec 2025 or January 2026, with temporary road access to NH-66 still under construction. According to Divya S Iyer, managing director of Vizhinjam International Seaport Ltd (VISL), preparations are underway for a phased rollout of export-import (exim) cargo operations to coincide with the port's first full year of commercial activity. "We're planning to initiate exim cargo traffic around Dec this year," Iyer said. "The rollout will be gradual to match infrastructure readiness. Cargo movement will increase steadily rather than launch at full scale. " Since its commercial launch in July 2024, Vizhinjam port has operated primarily as a transshipment hub. The addition of exim cargo handling will mark a significant expansion, boosting both regional and international trade. The temporary 1.7-kilometre road linking the port to NH-66 is nearing completion and is expected to be ready by the time gateway services commence, easing container truck movement and reducing congestion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo However, sources indicate the state govt is in no rush to begin gateway operations, despite ports minister VN Vasavan's earlier assurance that services would start by July 2025. "Progress on the temporary road is slowed by the monsoon. A retaining wall still needs to be built at a 150-metre stretch between a bridge and NH-66, and service roads on both sides must be widened," a source said. The port users' building, which will house customs officers, has been completed and a scanner has been installed near the gateway to inspect cargo trucks. One major pending decision involves the proposed cloverleaf interchange at the NH-66 junction. Though NHAI has given in-principle approval, final clearance is awaited due to a delay in the state govt's review. Port secretary A Kowsigan is currently on deputation training and a final decision is expected after a joint meeting between the ports department and PWD. Estimated at Rs 360 crore, the cloverleaf design requires 30 acres of land and could be jointly funded by the state govt and Adani Group, with the Centre potentially covering 50% of the cost. Until then, the temporary road will act as a stopgap, supporting the gradual ramp-up of cargo operations.
Time of India
09-06-2025
- Business
- Time of India
Very large vessel MSC Irina docks at Vizhinjam int'l port
T'puram: One of the biggest container ships, MSC Irina, docked at Vizhinjam international port on Monday. Departing from Singapore, it reached the outer sea of the port on June 3 and docked on Monday morning. This is the first time the ship arrived at a south Asian port, said a press release. The ship has a capacity of 24,346 containers and measures 399.9m in length and 61.3m in width. VISL MD Divya S Iyer officially welcomed the captain and crew aboard the ship. The ship is a crucial maritime service on the Asia-Europe trade route. tnn
NDTV
09-06-2025
- Business
- NDTV
World's Largest Container Ship Docks At Vizhinjam Seaport: What We Know
New Delhi: The MSC IRINA, officially recognised as the world's largest container ship by capacity, docked at the newly inaugurated Vizhinjam International Seaport in Kerala. This was the vessel's first-ever visit to a South Asian port, showing the port's ability to handle Ultra-Large Container Vessels (ULCVs). All About The MSC IRINA MSC IRINA was launched in March 2023. It began its maiden voyage in April of that year. MSC IRINA is officially the world's largest container ship by capacity, measured in TEUs (Twenty-foot Equivalent Units). It is operated by the Mediterranean Shipping Company (MSC), one of the world's leading shipping lines. MSC IRINA has a total capacity of 24,346 TEUs, making it the largest container ship in the world. It surpassed the previous record-holder, OOCL Spain, by 150 TEUs. The ship measures 399.9 metres in length and 61.3 metres in width. Its length is approximately four times that of a FIFA-designated football field. The ship is designed to stack containers up to 26 tiers high, providing unmatched vertical capacity. MSC IRINA is specifically built to transport large volumes of containers between Asia and Europe. It is designed to improve logistics efficiency and support international trade routes. The ship plays a crucial role in connecting major manufacturing hubs in Asia with consumer markets in Europe. The vessel is equipped with energy-saving technologies to reduce fuel usage and emissions. These features help achieve a carbon emission reduction of up to 4 per cent, encouraging eco-friendly shipping practices in the maritime industry. Vizhinjam International Seaport, located near Thiruvananthapuram in Kerala, is India's first deep-water, all-weather transhipment port, formally inaugurated on May 2 by Prime Minister Narendra Modi. It is developed under a public-private partnership (PPP) model and jointly operated by Vizhinjam International Seaport Ltd (VISL) and Adani Vizhinjam Port Pvt Ltd (AVPPL). Built on the landlord port model, VISL is responsible for providing the core infrastructure, while terminal operations and cargo handling are managed by private concessionaires like Adani.
Yahoo
05-05-2025
- Business
- Yahoo
Vislink Technologies Inc (VISL) Q4 2024 Earnings Call Highlights: Strategic Cost Controls Amid ...
Release Date: May 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Vislink Technologies Inc (VISL) implemented cost control measures expected to yield approximately $10 million in yearly savings. The company completed the implementation of a new ERP system, enhancing order fulfillment processes and reducing operational complexity. Vislink Technologies Inc (VISL) is expanding opportunities in the MilGov sector, particularly around UAVs and helicopter-based transmission solutions. The company reported over 70% growth in bookings in its MilGov business, highlighted by multi-million dollar orders. Vislink Technologies Inc (VISL) received recognition for its technology contribution to a groundbreaking autonomous racing project, winning the best innovation project at the Broadcast Tech Innovation Awards 2024. Vislink Technologies Inc (VISL) experienced a significant revenue decline in Q4 2024, with total revenue dropping to $3.4 million from $7.1 million in the prior quarter. The company reported a substantial operating loss of $14.1 million in Q4 2024, compared to a $3.3 million loss in the previous quarter. Net loss attributable to common shareholders in Q4 2024 was $14.3 million, or $5.82 per share, compared to a loss of $3 million or $1.22 per share in the third quarter. Vislink Technologies Inc (VISL) faced revenue timing challenges, including softness in the live production market and lower than expected revenue in the MGov market. The company took a significant charge associated with inventory write-downs, impacting its financial results. Warning! GuruFocus has detected 2 Warning Signs with VISL. Q: Can you elaborate on the reasons behind the revenue decline in Q4 2024? A: Mickey Miller, CEO, explained that the revenue decline was primarily due to timing challenges, including softness in the live production market, lower than expected revenue in the MGov market, and output delays from facility consolidation. Q: What cost-saving measures has Vislink implemented to address the downturn? A: Mickey Miller, CEO, stated that Vislink has rationalized product lines, reduced headcount, consolidated real estate, implemented a new ERP system, and voluntarily delisted from Nasdaq, which collectively are expected to yield $10 million in yearly savings. Q: How did the restructuring activities impact Q4 financials? A: Mike Bond, CFO, noted that the restructuring resulted in a significant impact on Q4 earnings, with a $6.8 million loss attributable to inventory and asset impairments. Q: What are Vislink's strategic goals moving forward? A: Mickey Miller, CEO, emphasized the focus on solidifying leadership in live production, expanding the MGov business, and accelerating recurring revenues through services, aiming for positive cash flow by the end of 2025. Q: Can you provide insights into Vislink's market opportunities and product developments? A: Mickey Miller, CEO, highlighted strong momentum in the MGov sector, particularly with UAVs and helicopter-based solutions, and ongoing growth in live production. New products like the Dragonfly 5 5G transmitter and Aero 5 systems are receiving substantial interest. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
New Indian Express
03-05-2025
- Business
- New Indian Express
M V Raghavan deserves credit for Vizhinjam port, says first VISL CEO Jayakumar
THIRUVANANTHAPURAM: At a time when the Congress is claiming former Chief Minister Oommen Chandy as the architect of the Vizhinjam International Seaport Ltd (VISL), the first CEO of VISL -- Dr Jayakumar -- has said that the credit must go to former Ports Minister M V Raghavan for having worked tirelessly to realise the dream. 'M V Raghavan, as ports minister, was the mastermind behind realising a detailed project report for the port project and forming a company,' Jayakumar told TNIE. 'Credit must also go to this LDF government and Chief Minister Pinarayi Vijayan for implementing the project overcoming all obstacles, like cyclone Ockhi, floods, and arbitration.' MVR had handpicked Jayakumar, who has an MTech and a doctorate in ocean engineering from the Indian Institute of Technology (IIT), Madras, while working with the harbour engineering department. He said the idea of developing a deep water port at Vizhinjam evolved during the period of 1994-95, at the time of the Karunakaran-led UDF government. 'MVR was the ports minister. The harbour engineering department submitted a project report in March 1995. An MoU was signed with Kumar Energy Corporation on a BOT basis to implement the project. However, due to a lack of progress, it was later cancelled,' Jayakumar said. In the 2000-2005 UDF government led by A K Antony, MVR was again put in charge of ports. 'For the first time, a DPR was prepared for the development of Vizhinjam with private sector participation. That has worked as the base project report till now. It was under MVR's initiative that a special purpose vehicle (SPC) under the Company Act was formed. Later, the SPC was converted to VISL and I was appointed the first CEO,' he said. Further, Jayakumar said the first global notification for the development of the port was issued on January 19, 2005, by the UDF government. 'Though the state government approved a bid by a consortium led by Kaidi Electrical Power Company, China, and Gamon India Private Ltd in February 2006, the then Congress-led government at the Centre denied security clearance. Had the Union government given security clearance, the port would have materialised then,' he said. Jayakumar also said that it was a big surprise for him when the Chief Minister's Office called him in 2016 after the Pinarayi Vijayan government assumed office. 'I had already taken voluntary retirement from service and was not part of VISL. But the CM asked me whether I would like to work as the CEO of VISL. I said yes as it was a passion for me. The LDF government has successfully implemented the project without losing further revenue to the state and by avoiding arbitration. The credit of executing the project rests with this government,' he added.
