Page 5 - Cargo Industry

Uttar Pradesh govt to leverage network of rivers for cargo movement

Of the 111 inland waterways in India, UP has a dozen waterways in major rivers including the Ganga, Yamuna, Saryu, Betwa and Chambal

Major ports log FY24's 1st double-digit cargo growth, shows IPA data

Coal, container boom sees cargo rising at 13% in October

Mundra Port sets new record of handling cargo volumes of 16.1 MMT in Oct

Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ), has set a record by handling 16.1 million metric tonnes (MMT) of cargo in October, the highest-ever volume by any port in India. Mundra Port, the country's largest port, crossed the 100 MMT-mark in 210 days, surpassing the record of 231 days last year, APSEZ said in a statement. According to the statement, Mundra witnessed a double-digit growth on a Y-o-Y basis for containers (+10 per cent) and liquids and gas (+14 per cent). It achieved another milestone of handling 4.2 million TEUs (twenty-foot equivalent unit) of containers in just 203 days, a feat achieved in 225 days in the previous financial year. The statement said it added new cargo types such as Hydrolysis Pi Gas (HPG) to its portfolio. On YTD (year to date) basis, it docked over 2,480 ships and serviced over 11,500 rakes. According to the statement, the port is targeting 200 MMT-milestone in cargo volumes during FY25. Given its capability t

Mobile phones, auto parts top cargo items at Jaipur airport in September

Surprisingly, human hair also comes in the top category

Guwahati airport handles 1,000 metric tonnes of cargo in last three months

The domestic cargo terminal of Guwahati's Lokpriya Gopinath Bordoloi International Airport has handled a total cargo, both inbound and outbound, of around 1,000 metric tonnes in the last three months, an official release said on Monday. In June, the airport handled 146 tons of cargo, 411 tons in July and 426 tons in August, officials said. The state-of-the-art terminal is currently 550 square-metres and a new plan is being initiated to build an international cargo terminal building, the release added. Assam and the northeast has a very big untapped potential of perishable air cargo. Besides rice, tea and orchid, the region has several unique products that have appeal in the global market and there are several agriculture products from this region that may reach out to a global community ranging from Dubai to Singapore. The Guwahati airport along with the Assam government are creating a cargo market that may bring economic prosperity to the grassroots level of citizens residing in

Jaipur airport to commence operations at new domestic cargo unit from Aug 1

Indigo Airlines has already been onboarded after which the airlines will now operate its entire domestic cargo business from the new cargo unit at Terminal 1

APSEZ cargo handling grows by 11.5% to 101.4 MMT in April-June FY24

Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday said it has handled 101.4 million metric tonnes (MMT) of cargo during the first quarter of FY24. At 101.4 MMT, the cargo handling was 11.5 per cent higher over April-June period of preceding 2022-23 fiscal, APSEZ said in a regulatory filing. "Growth has been observed across most ports and all three broad cargo segments -- container over 19 per cent, liquids & gas 8 per cent, and dry bulk 7 per cent," it said. In June alone, APSEZ handled 32.8 MMT of cargo. APSEZ is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.

Cargo traffic handled by major ports up 3.2% YoY at 68.06 MT in May: IPA

Cargo traffic handled by major ports in the country witnessed an annual rise of 3.2 per cent to 68.06 million tons (MT) in May this year, an official release said on Monday. These ports had handled a total of 65.94-million tons in May 2022, it said. During May 2023, the major ports handled a total 68.06 MT of cargo, against 65.95 MT handled during the corresponding period of last year, a year-on-year growth of 3.20 per cent, Indian Ports Association (IPA) said in a statement. There are 12 major ports, -- Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port. Of these, eight ports witnessed a surge in the cargo traffic handled by them during the previous month while the remaining four saw cargo traffic at their facilities declining on a year-on-year basis in May, the statement said. Syama Prasad Mookerjee Port (SMP), Kolkata Port (Includ

Sonowal inaugurates Sittwe port in Myanmar; receives first Indian cargo

Union Minister Sarbananda Sonowal and Myanmar's Deputy Prime Minister Admiral Tin Aung San on Tuesday jointly inaugurated the Sittwe Port in Myanmar and received the first Indian cargo ship, according to an official statement. The cargo ship was flagged off from Syama Prasad Mookerjee Port, Kolkata. With the development of Sittwe Port, the cost and time of transportation of goods between Kolkata and Agartala and Aizwal will decrease by 50 per cent, the statement said. "This will promote trade connectivity and people-to-people ties between India and Myanmar and the wider region, and will help boost the economic development of NE states under Act East Policy of the government," the statement quoted Sonowal as saying. In his remarks at the inauguration ceremony, the minister for ports, shipping and waterways highlighted the close historical, cultural and economic ties between India and Myanmar, particularly the Rakhine State of Myanmar. He reiterated India's longstanding commitment .

First 100% private-funded Gati Shakti terminal starts operations

DFCC plans to award 10 terminals by August, raise Rs 100 crore in monetisation

Adani Ports ends FY23 with 9% growth, largest port cargo volume ever

Billionaire Gautam Adani's Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday reported 9 per cent growth in cargo handling at seaports it operates for fiscal year ended March 31. At 339 million tonne, this is the largest port cargo ever, APSEZ said in a statement. The firm handled about 32 million tonne of total cargo in March, up 9.5 per cent year-on-year. This is the first time since July 2022 that the volumes crossed the 30-million tonne mark. "With 339 million tonne in FY23 (April 2022 to March 2023), APSEZ recorded its largest port cargo volumes ever, which is a good 9 per cent year-on-year growth," it said. "Adani Ports has been continuously increasing its market share for the past years, outperforming all of India's cargo volume growth." The nation's largest port operator, which operates six ports on the west coast and five on the east, continues to add ports to its portfolio. Earlier this week, it completed the acquisition of Karaikal Port. While 11 ports it

Syama Prasad Mookerjee Port, India's oldest, posts highest cargo, surplus

The achievement was on the back of a jump in rail-borne cargo coupled with transhipment operations throughout the year that allowed capesize vessels to come to port

SpiceJet hives off cargo and logistics biz into separate entity from Apr 1

SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity -- SpiceXpress and Logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. It also paves the way for SpiceXpress to raise funds independently, SpiceJet said. The decision to hive off SpiceXpress is in sync with the company's long-term business plan and will unlock significant valuation of the logistic business, SpiceJet Ltd Chairman Ajay Singh said. Singh further said "the separation of our cargo and logistics arm is a stepping stone in our growth story which shall unfold in the times to come". SpiceXpress reported a net profit of Rs 51.4 crore for the April-December period of FY23. "In a bid to boost the growth of its cargo business and provide a more streamlined and efficient service to its customers, SpiceJet Ltd has completed the hive off of its cargo an

Railways increases coal transportation for power sector ahead of summer

Expecting a surge in demand for coal by power plants during the summer, the railways increased its coal transportation by 11.92 per cent in terms of tonnage by the end of February, the national transporter said in a statement on Thursday. It also said keeping in view the rising demand in the next few years, comprehensive planning of an energy corridor has been done with planned investment of Rs 1 lakh crore for over around 100 projects. Loading of rakes for the power sector from various sources in the current fiscal -- from April till February -- is 408 rakes a day against 344 rakes a day in last year, an increase of 64 rakes a day, the railways said. In February, 426.3 rakes a day have been loaded for power houses against 399 rakes a day in February last year, an increase of 27.3 rakes, it said. In order to meet the projected demand for rakes by the power sector in the coming fiscal, the railways has taken various steps, including higher induction of coal carrying wagons. From ap

IndiGo appoints Mark Sutch as CCO for international cargo business

The country's largest airline IndiGo has appointed Mark Sutch as the Chief Commercial Officer for its international cargo business. From March 1, the carrier said its cargo business CarGo will have two CCOs -- Mahesh Kumar Malik for domestic and Sutch for international segments. IndiGo inducted its first A321 freighter in November and the second one in December last year. Two more freighters are expected this year. Sutch was earlier Chief Commercial Officer with CMA CGM Air Cargo based in Marseille. He has also served with Cathay Pacific Airways, including being based for 5 years in Mumbai as the airline's Regional GM for South Asia, the Middle East and Africa. He is a British and Irish national and has spent most of his career on international assignments, a release said on Thursday. Sutch said that as the airline's international network and frequency grow, there is an opportunity to build world-class cargo products and solutions using both its A321 freighters and extensive belly

Cargo vessel runs aground in Suez Canal, traffic not impacted: Authorities

A cargo vessel ran aground in the Suez Canal on Sunday, but traffic through the global waterway was not impacted, Egyptian authorities said. The Liberia-flagged MSC Istanbul, heading to Portugal from Malaysia, got stuck in a two-lane part of the Suez Canal, said Adm. Ossama Rabei, head of the Suez Canal Authority. He added that tugboats were deployed to help refloat the vessel. Despite the MSC Istanbul's situation, convoys were transiting through the waterway without any problems, Rabei said, without elaborating on what had caused the ship to run aground. The Suez Canal allows for passage of two convoys of vessels a day in both directions. The incident was the latest case of a vessel getting stuck in the key global waterway. A tanker transporting liquefied natural gas broke down in the Suez Canal last month, also without impacting traffic in the canal. In January, a cargo ship carrying corn went aground before being refloated; after a while, traffic through the waterway was ...

SpiceJet approves slump sale of cargo biz, raising Rs 2,500 cr via QIB

SpiceJet has also decided to buy AS Air Lease in the settlement with aircraft lessor Castlelake

Amazon launches dedicated air cargo service in India to speed up deliveries

This is set to enable faster deliveries to customers

Railways looks to get up to Rs 2 trillion from freight operations in FY24

National transporter confident of meeting FY23 revenue target

Amazon looks to sell excess air cargo space as demand cools post-pandemic

The long-term plan for Amazon Air hasn't changed despite the current turmoil