Page 3 - Cargo Industry

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

Cathay Cargo wants Indian airlines to use Hong Kong-based cargo terminal

Cathay Cargo, part of Cathay Pacific Airways, has said it wants Indian airlines to use its Hong Kong-based cargo terminal for various freight movements and is already in active discussion with one carrier. According to Mark Watts, Chief Operating Officer of Cathay Cargo Terminal, the facility, with an annual shipment handling capacity of 2.7 million tonnes, is open for all airlines that fly into Hong Kong. "We don't currently have any Indian air carriers, but I would definitely like to have more Indian air carriers using the Cathay Cargo terminal, and we are in active discussions with one at the moment," Watts told PTI in an interview. He refused to reveal the name of the Indian carrier with which the talks are in progress. Watts said the facility, spread over 1 lakh square metres, is "right-sized for the short and medium term", and has scope for further expansion. "In terms of our overall facility size, we actually think we're right-sized for the short and medium term...we've got

Cargo traffic at major ports grows 5.92% to 70.08 mn tonnes in Jul: IPA

Cargo traffic at 12 major ports in the country grew 5.92 per cent to 70.08 million tonnes (MT) in July from 66.17 MT handled in the year-ago period, according to the data released by major ports' apex body Indian Ports Association. The data also showed that 10 of these major ports logged positive growth in cargo traffic handling, while the remaining two saw a negative growth, as per the IPA. The 12 major ports are Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (VO Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port. In July, IPA said Cochin Port registered the maximum cargo growth at 24.77 per cent, followed by Visakhapatnam Port (10.80 per cent) and JN Port (9.07 per cent). Chennai Port handled 8.89 per cent more traffic compared to July 2023, while cargo traffic at Deendayal Port and V O Chidambaranar Port grew 7.13 per cent and 6.74 per cent, respectively. Similarly, Paradip Port lo

Cargo traffic across 12 major Indian ports surges 6.8 % to 69.8 MT in June

Cargo traffic across 12 major Indian ports rose 6.8 per cent to 69.08 million tonnes (MT) in June from 64.69 MT in the year-ago month, with ten ports showing positive growth while the remaining two witnessed a decline. Jawaharlal Nehru Port in Maharashtra recorded the highest growth in cargo handling at 15.12 per cent during the reporting month, followed by Cochin Port with 15.12 per cent, Kamarajar Port (10.70 per cent), Deendayal Port (8.57 per cent) and New Mangalore Port (8.53 per cent), according to the data released by the major ports' apex body Indian Ports Association (IPA). The 12 major ports are Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port. According to the IPA, VO Chidambaranar Port's cargo traffic grew 7.73 per cent and Paradip Port 7.41 per cent growth, respectively, during the previous month. SMP Kolkata Port ...

'Bright future for air cargo sector, needs faster turnaround time'

To tap the potential of the country's air cargo sector, the focus should be on further improving processes as well as ensuring faster turnaround time, a senior government official said on Thursday. The government is working on developing logistics hubs. Piyush Srivastava, Senior Economic Advisor at the Ministry of Civil Aviation, said the air cargo sector has a bright future and the number of freighters in the country is expected to rise. Currently, Indian carriers have around 18 freighters. There will be a focus on further improving the ease of doing business and faster turnaround time in the air cargo sector, he said while speaking at the conference organised by the ACFI (Air Cargo Forum India) in the national capital. While passenger traffic has recovered after being hit by the coronavirus pandemic, air cargo is yet to fully recover to the pre-Covid levels. In 2023-24, the air cargo handled in the country was a little over 3.36 million tonnes. Surendra Kumar Ahirwar, Joint ..

Udupi Cochin Shipyard bags Rs 1,100 cr order for eight cargo vessels

The Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of the Cochin Shipyard Limited (CSL), has bagged a Rs 1,100 crore-worth international order for eight 6300 TDW dry cargo vessels. CSL said it has won an international order from Wilson ASA, Norway, for the design and construction of four 6,300 TDW dry cargo vessels. "An agreement has also been entered into for an additional four vessels of the same type, which will be formally contracted within September 19, 2024," a CSL release said. CSL said the new order was a continuation of the contract awarded in June 2023 for the design and construction of six 3800 TDW dry cargo vessels, which are now at advanced levels of construction at the yard at Udupi in Karnataka. "The vessel is of 100 meters length and has a deadweight of 6300 metric tonnes at a design draft of 6.5 metres. The vessels shall be designed by Conoship International, Netherlands, and shall be constructed as an environment-friendly diesel-electric vessel fo

Road network expansion to pose big challenge for air cargo: IndiGo

Only about 60 per cent of IndiGo's total cargo capacity is being utilised due to the airline's rapid expansion to 2,000 flights a day, resulting in a number of routes with low cargo demand

Cargo traffic across major ports rises over 3% to 72.04 mn tonnes in May

Cargo traffic across 12 major ports in the country increased by 3.75 per cent year-on-year in May to 72.04 million tones (MT) from 69.43 MT handled in the corresponding month of 2023 with nine such ports showing positive growth. Visakhapatnam Port registered the maximum cargo growth in cargo handling at 22.05 per cent during the reporting month followed by Chennai Port with 9.10 per cent, Cochin Port with 7.78 per cent and Mumbai Port with 5.89 per cent, according to data released by the major ports' apex body, Indian Ports Association (IPA). The 12 major ports are Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port. According to the IPA, VO Chidambaranar Port saw a 5.59 per cent increase in its cargo handling during the previous month while Paradip Port 4.27 per cent, Deendayal Port with 3.49 per cent, New Mangalore Port with 1.87 per

Trade strains boost cargo freights at pace recalling Covid 'chaos'

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism

Red Sea crisis to cause 15-20% industry capacity loss, says Maersk

According to Maersk, the effects of the situation in the Red Sea are widening and continuing to cause industry-wide disruptions

Uttar Pradesh govt to invest Rs 45K crore to accelerate cargo movement

These projects encompass bridges and over-bridges across the 75 districts of the state. Of the proposed Rs 45,000 cr, the public works department (PWD) will spend nearly Rs 34,000 cr, or 75 per cent

Plans afoot to organise Kolhapuri chappal trade but it's a slow start

Though the Kolhapuri chappal trade is robust, the industry remains largely unorganised and finds it challenging to meet demand

Building capacity

Cargo terminals will boost efficiency

Temporary channel opens for vessels to Baltimore port after bridge collapse

A third temporary channel for boats to enter and depart the Port of Baltimore has opened, expanding further shipping access as collapsed sections of the Francis Scott Key Bridge are salvaged before the span can ultimately be rebuilt. The alternate channel, located to the northeast of the fallen bridge, is open to commercially essential vessels, port officials announced late Friday. The new temporary path, with a controlling depth of 20 feet (6.1 meters), a horizontal clearance of 300 feet (91.4 meters) and a vertical clearance of 135 feet (41.2 meters), allows a greater variety of vessels to access the port while crews work to reopen the main channel, Coast Guard and port Capt. David O'Connell said in a news release. With the new channel open, about 15% of pre-collapse commercial activity will resume, O'Connell said. The first temporary channel opened April 1. The bridge collapsed early March 26 after it was struck by the cargo ship Dali. Officials hope to open a channel by the end

Port to profit: Allcargo founder Shashi Kiran Shetty shares his life story

Shetty, the logistics leader who lives where Rajesh Khanna once did, takes Dev Chatterjee through his life that started at the docks, with some cinematic stopovers

Sri Lanka unaware of ship carrying toxic waste from the US, say official

Sri Lanka is not yet aware of the nature of hazardous materials on the cargo vessel that collided with a key Baltimore bridge last week as it was supposed to declare the contents of containers only 72 hours before the time of arrival into the Colombo Port, officials here said. The Singapore-flagged container ship vessel Dali, which was mainly manned by an Indian crew, collided with the 2.6-km-long four-lane Francis Scott Key Bridge over the Patapsco River in Baltimore in the early hours of March 26. The 984-foot cargo ship was bound for Colombo, Sri Lanka. The ship was carrying 764 tonnes of hazardous materials as reported by the US media. According to the information available, there are 57 containers with such toxic materials that can be categorised under the International Maritime Dangerous Goods Code. The waste included mostly corrosives, flammables, miscellaneous hazardous materials, and Class-9 hazardous materials, including explosives & lithium-ion batteries in 56 ...

Fall in other goods freight may put Railways 2030 target off track

Experts say the ministry should target unconventional sectors more aggressively