Page 2 - Cargo Industry

Govt-run ports across India outpace private ones in FY25 cargo growth

Private ports handled 739 million metric tonnes (mmt) of cargo in the previous financial year, according to data released by the Ministry of Ports, Shipping and Waterways

Cargo rush as full US President Trump tariffs take effect on Wednesday

According to the US executive order, the tariffs will take effect at 12.01 am Eastern Daylight Time, or around 9.30 am Indian Standard Time

Cargo at state-owned ports grew by 4.4% to 855 mmt in FY25, shows data

According to the provisional data, Deendayal Port or Kandla Port and Paradip Port in Odisha handled the highest cargo out of all major ports at 150 mmt each

SolitAir to invest $25 mn in India's air cargo market this year: CEO

Dubai-based cargo operator SolitAir Holding is looking to invest USD 25 million in the domestic market in the first year of operations, its founder and Chief Executive Officer Hamdi Osman has said. Osman, a logistics industry veteran who served a 30-year stint with the American multinational conglomerate FedEx till 2011, also said that India is very "critical" to global trade and SolitAir places it at the top of its 50-city mission and vision that it is looking at in the long-term. The UAE's only dedicated cargo-agnostic airline operating express daily scheduled services between Dubai and high-yield key trade routes across the Global South, started operations last year with a Boeing 737 freighter plans to connect and service 50 cities within a six-hour flight radius of the UAE through its air cargo network. "Based on cost and investment coming into India, we are talking anywhere between USD 20-25-million investment in the Indian market in the first year," Osman told PTI. The compan

Cargo growth at major ports slowed in 10MFY25, shows ministry data

Private ports see contraction in coastal cargo in FY25

Bengaluru airport inaugurates Rs 120 crore domestic cargo terminal

BLR Airport, Menzies Aviation unveil India's largest DCT with 4 lakh MT capacity, ₹120 cr investment

TVS Motor plans to enter electric 3-wheeler cargo vehicle segment in Q4

TVS Motor, a leading player in the two and three-wheeler segment, is planning to make a foray into the electric cargo vehicle space, an official said on Monday. The company, which launched its electric three-wheeler passenger vehicle in the eastern metropolis, is hoping to roll out the cargo variant during the last quarter of the current financial year. "We launched the electric three-wheeler in Kolkata along with UP, Bihar, J&K and Delhi in the passenger segment. The company aims to make a foray into the electric cargo three-wheeler segment during the fourth quarter of the current financial year", TVS Motor's business head, commercial mobility, Rajat Gupta said. He said that the adoption of electric vehicles in the three-wheeler segment is growing. "The market share of TVS in the three-wheeler alternate fuel segment (CNG, LPG and electric) is at ten per cent at the moment and is growing", Gupta said. He said the company manufactures three wheelers at its Hosur plant in Tamil Nadu

Aim to have 25% share in Indian e-com cargo market: DHL E-commerce CEO

Logistics firm Blue Dart, part of the DHL Group, specialises in fast ground deliveries for e-commerce items

Afcom Holdings shares hit 5% upper circuit on long-term pact with Etihad

Afcom Holdings shares rose after it announced that it has entered into a long-term contract with Etihad, to operate regular scheduled flights between Chennai-Male sector to move their cargo

Cargo handling capacity reached 133 MMT in last 10 yrs: Sarbananda Sonowal

Union Minister Sarbananda Sonowal informed that cargo handling capacity has reached 133 million metric tonnes in the last ten years.Speaking at the 2nd Inland Waterways Development Council (IWDC) meeting in Kaziranga a day earlier, Sonowal said,"In the last 10 years, our cargo handling capacity has reached 133 million metric tonnes... More than Rs 60,000 crores of investment have been made in our National Waterways... In the inaugural session of the Inland Waterways Development Council, we inaugurated projects worth Rs 1400 crores for 21 states of our country...," he said."We aim to increase our cargo capacity to 200 million metric tonnes by 2030 and invest more than Rs 50,000 crore in this sector in the next 5 years...," the minister added.The IWDC, the apex body for policy deliberation on the promotion & propagation of inland waterways in India, witnessed major announcements to boost infrastructure along national waterways on Friday.The meeting also witnessed ministerial ...

GMR Hyderabad Air Cargo secures certification of CTPAT from US CPB

GMR Hyderabad Air Cargo on Friday announced that it has secured the prestigious Customs Trade Partnership Against Terrorism (CTPAT) certification. CTPAT, a voluntary program led by U.S. Customs and Border Protection (CBP), is designed to strengthen the security of international trade by establishing a partnership between U.S. Customs and the trade community. A press release from GMR said this achievement underscores GMR Hyderabad Air Cargo's (GHAC) commitment to maintaining the highest standards of security in its operations and enhancing the security of the global supply chain, Pradeep Panicker, CEO GMR Hyderabad International Airport Ltd said The certification from CTPAT is a significant milestone for GHAC. This certification not only strengthens our security framework but also reinforces our commitment to provide world-class cargo services that meet the highest global standards. We look forward to continuing our work in creating a safe and efficient air cargo environment for our

Cargo traffic at major ports drops 4.95% to 67.53 mn tonnes in November

Cargo traffic at the country's major ports declined 4.95 per cent to 67.53 million tonnes in November, from 71.05 million tonnes in the same period a year ago, according to an industry body. Among these, JNPA and Deendayal ports reported positive growth, while cargo traffic at the remaining 10 major facilities saw a year-on-year drop, the Indian Ports Association (IPA) said in a statement. India has 12 major ports under the control of the central government. These include Deendayal Port (erstwhile Kandla), Mumbai Port, Jawaharlal Nehru Port Authority (JNPA), Mormugao Port, New Mangalore Port, Cochin Port, Chennai Port, Kamarajar Port (earlier Ennore), VO Chidambarnar Port, Visakhapatnam Port, Paradip Port and Kolkata Port, which also includes Haldia. The cargo traffic at the premier container port JNPA grew 12.34 per cent during the month under review whereas Deendayal Port witnessed a 10.10 per cent growth year-on-year in November, IPA said. Cargo traffic at Mormugao Port declined

International air cargo hub at Swami Vivekanand airport back on track

The state will soon connect with Singapore and Dubai as the minister has agreed to start operation of international flights from the Chhattisgarh capital

CBIC reduces compliance burden for customs cargo service providers

The CBIC on Friday said it has reduced compliance burden for customs cargo service providers (CCSPs) by reducing number of days for insurance of stored goods and removing licence renewal process for AEO-compliant entities. In a statement, the Central Board of Indirect Taxes and Customs (CBIC) said these measures aim to reduce operational costs and compliance burdens for CCSPs, that play a crucial role in handling of imported and exported goods. It would also improve efficiency of EXIM operations and facilitate global trade. The CBIC has notified reduction in the number of days for insurance of stored goods by amending the Customs Areas Regulations, 2009, which require CCSPs to insure goods stored in Customs areas for a period of 10 days in terms of Handling of Cargo. It has been notified to reduce it to 5 days as a trade facilitation measure. "This will enhance the cash flow for the entities by reducing the cost," the statement said. Separately, the CBIC has also notified that CCS

Ocean freight rates increase for first time since July, shows data

Drewry World Container Index up 4% ahead of Christmas, New Year rush

JNPA records nearly 12% rise in Oct container traffic to 614,651 TEUs

Jawaharlal Nehru Port Authority (JNPA) on Tuesday said container traffic at its port rose 11.86 per cent year-on-year to 6,14,651 TEUs (twenty-foot equivalent units) in October. The port had handled a total of 5,49,487 TEUs of containers in October last year, it added. In the previous month, it handled 7.62 million tonnes of total cargo, 2.26 per cent more compared to the total cargo handled in October 2023. In October 2024, the port said, it handled 562 container rakes and 88,224 TEUs compared to 555 rakes and 88,412 TEUs in the year-ago period. In the seven months to October, the total container traffic grew 13.12 per cent year-on-year to 4,142,134 TEUs of containers, while the total cargo during this period stood at 52.42 million tonnes, recording a 5.6 per cent year-on-year growth, it said.

Germany's Rhenus Group eyes cargo operations in inland waterways

These barges, estimated to be worth $10 million each, will be brought in from overseas, but the firm eventually would tap into the local supply chain

Cargo volume at 12 major ports rises 5% to 413.74 MMT in Sep: Govt

Cargo volume handled by 12 major ports rose by 5.03 per cent to 413.747 million metric tonnes (MMT) in September, the Ministry of Ports, Shipping and Waterways said on Thursday. In its monthly summary for September 2024, the ministry said the 20th Maritime States Development Council (MSDC) meeting held last month, discussed the implementation of a State Ranking Framework and a Port Ranking System to foster healthy competition and drive performance improvements across India's maritime sector. During the meeting, more than 100 issues from various states were deliberated and successfully resolved. According to the ministry, several new and emerging challenges were also addressed, including the establishment of Places of Refuge (PoR) for ships in distress and the development of Radioactive Detection Equipment (RDE) infrastructure at ports to enhance security. It said the transportation of cargo on National Waterways has reached 56.57 MMT for the April-August 2024 period, registering 4.

Overall Cargo volumes expected grow 9-11% to 3.7 MT in FY25: ICRA

The overall cargo volumes are expected to see a healthy year-on-year growth of 9-11 per cent to 3.6-3.7 million tonnes this fiscal year on the back of estimated higher domestic and international cargo volumes while the outlook on airport infrastructure is stable, Icra said on Monday. Ratings agency Icra expects international cargo volumes to expand 11-13 per cent while the domestic cargo growth is estimated at 4-6 per cent. The international cargo volumes saw a muted year-on-year rise of 1 per cent in the April-September period of FY24, owing to the slowdown in global economy and geo-political conflicts. However, the international cargo volumes surged 18 per cent in the second half of the previous fiscal year, amid the Red Sea crisis, which started in October 2023, Icra said. Consequently, the seaborne cargo traffic was impacted, which in turn benefitted international air cargo traffic, it stated. The overall cargo volumes are expected to see a year-on-year growth of 9-11 per cent

Taking stock of B'desh: Visa woes slow Petrapole border's road to normalcy

Movement of people and trade between India and Bangladesh are limping back to normalcy 2 months after latter's political upheaval. The first of a two-part series is a ground report from Petrapole