India inks 10-year deal to operate Iran’s Chabahar port

Iranian and Indian officials pose for a picture as India signs a 10-year contract with Iran to develop and operate Chabahar on May 13, 2024. (@IndianTechGuide/X)
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Updated 14 May 2024
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India inks 10-year deal to operate Iran’s Chabahar port

  • India developing port to bypass Pakistan in bid to transport goods to Iran, Afghanistan and Central Asia
  • Washington says US sanctions on Iran “remain in place,” warns countries they will be imposed

NEW DELHI: India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation.

India has been developing the port in Chabahar on Iran’s south-eastern coast along the Gulf of Oman as a way to transport goods to Iran, Afghanistan and central Asian countries, bypassing the port of Karachi and Gwadar in its rival Pakistan.

US sanctions on Iran, however, slowed the port’s development.

“Chabahar Port’s significance transcends its role as a mere conduit between India and Iran; it serves as a vital trade artery connecting India with Afghanistan and Central Asian Countries,” India’s Shipping Minister Sarbananda Sonowal said in Tehran, after the signing of the agreement.

“This linkage has unlocked new avenues for trade and fortified supply chain resilience across the region.”

US State Department deputy spokesperson Vedant Patel, asked about the deal, told reporters that US sanctions on Iran remain in place and warned that Washington will continue to enforce them.

“Any entity, anyone considering business deals with Iran — they need to be aware of the potential risks that they are opening themselves up to and the potential risk of sanctions,” Patel told reporters.

The long-term deal was signed between Indian Ports Global Limited (IPGL) and the Port & Maritime Organization of Iran, authorities in both countries said.

Under the agreement, IPGL will invest about $120 million while there will be an additional $250 million in financing, bringing the contract’s value to $370 million, said Iranian Minister of Roads and Urban Development Mehrdad Bazrpash.

IPGL first took over operations of the port at the end of 2018 and has since handled container traffic of more than 90,000 TEUs and bulk and general cargo of more than 8.4 million tons, an Indian government official said.

A total of 2.5 million tons of wheat and 2,000 tons of pulses have been shipped from India to Afghanistan through Chabahar Port, the official added.

“It will clear the pathway for bigger investments to be made in the port,” Indian Foreign Minister Subrahmanyam Jaishankar told reporters in Mumbai on Monday. 
 


Winter storm packing snow and strong winds to descend on Great Lakes, Northeast

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Winter storm packing snow and strong winds to descend on Great Lakes, Northeast

  • The fierce winds on Lake Erie sent water surging toward the basin’s eastern end near Buffalo, New York, while lowering water on the western side in Michigan to expose normally submerged lakebed — even the wreck of a car and a snowmobile

NEW YORK: A wild winter storm was expected to bring strong winds, heavy snow and frigid temperatures to the Great Lakes and Northeast on Tuesday, a day after a bomb cyclone barreled across the northern US and left tens of thousands of customers without power.
The storm that hit parts of the Plains and Great Lakes on Monday brought sharply colder air, strong winds and a mix of snow, ice and rain, leading to treacherous travel. Forecasters said it intensified quickly enough to meet the criteria of a bomb cyclone, a system that strengthens rapidly as pressure drops.
Nationwide, more than 127,000 customers were without power Tuesday morning, more than a third of them in Michigan, according to Poweroutage.us.

BACKGROUND

The storm that hit parts of the Plains and Great Lakes on Monday brought sharply colder air, strong winds and a mix of snow, ice and rain, leading to treacherous travel.

As the storm moved into Canada, the National Weather Service predicted more inclement weather conditions for the Eastern US, including quick bursts of heavy snow and gusty winds known as snow squalls. Blustery winds were expected to add to the arctic chill, with low temperatures dipping below freezing as far south as the Florida panhandle, the agency said.
New York Gov. Kathy Hochul warned that whiteout conditions were expected Tuesday in parts of the state, including the Syracuse metro area.
“If you’re in an impacted area, please avoid all unnecessary travel,” she said in a post on the social platform X.
Snow piled up quickly in Michigan’s Upper Peninsula on Monday, where as much as 2 feet (60 centimeters) fell in some areas, according to the National Weather Service. Meteorologist Ryan Metzger said additional snow was expected in the coming days, although totals would be far lighter.
Waves on Lake Superior that were expected to reach 20 feet (6 meters) on Monday sent all but one cargo ship into harbors for shelter, according to MarineTraffic.com.
The fierce winds on Lake Erie sent water surging toward the basin’s eastern end near Buffalo, New York, while lowering water on the western side in Michigan to expose normally submerged lakebed — even the wreck of a car and a snowmobile.
Kevin Aldrich, 33, a maintenance worker from Monroe, Michigan, said he has never seen the lake recede so much and was surprised on Monday to spot remnants of piers dating back to the 1830s. He posted photos on social media of wooden pilings sticking up several feet from the muck.
“Where those are at would typically be probably 12 feet deep,” he said. “We can usually drive our boat over them.”
Dangerous wind chills plunged as low as minus 30 F (minus 34 C) across parts of North Dakota and Minnesota on Monday. And in northeast West Virginia, rare, nearly hurricane-force winds were recorded on a mountain near Dolly Sods, according to the National Weather Service.
In Iowa, after blizzard conditions eased by Monday morning, high winds continued blowing snow across roadways, keeping more than 200 miles (320 kilometers) of Interstate 35 closed. State troopers reported dozens of crashes during the storm, including one that killed a person.
On the West Coast, the National Weather Service warned that moderate to strong Santa Ana winds were expected in parts of Southern California through Tuesday, raising concerns about downed trees in areas where recent storms had saturated the soil. Two more storms were forecast later this week, with rain on New Year’s Day potentially soaking the Rose Parade in Pasadena for the first time in about two decades.