Page 6 - Cargo Industry

European cargo airline moves NCLT to acquire 3 Jet Airways aircraft

Fresh challenge for reviving Jet as union opposes sale of assets until employees get provident fund and gratuity

Port cargo traffic growth in November slows to 3% amid trade slowdown

Flat cargo numbers since Q2 drag total FY23 growth down to 8.8%

Single-window exports clearance system roll-out likely next year, in phases

First phase is expected early next fiscal year; CBIC in talks with six major concerned regulatory agencies with the vast majority of export matters

Celebi Delhi Cargo Terminal Management plans Rs 150 crore investment

Celebi Delhi Cargo Terminal Management India Pvt Ltd plans to invest Rs 150 crore to bolster infrastructure at its facility in the national capital as the company expects larger cargo volumes in the coming months. A part of Celebi Aviation, the company operates two cargo terminals with a combined capacity of 7,00,000 tonnes per annum at the Delhi airport. Earlier, one of the two terminals was exclusively catering to erstwhile Jet Airways, which shuttered operations in April 2019. After the airline stopped flying, the terminal remained non-operational. Last month, the company re-opened the refurbished terminal as it started handling cargo of the newly-launched Akasa Air. Celebi Aviation forayed into cargo and warehousing services in 2009 with the setting up of Celebi Delhi Cargo Terminal Management India Pvt, a joint venture with Delhi International Airport Ltd. "For Delhi (cargo facility), we have plans maybe to invest another Rs 150 crore depending on what kind of infrastructure

Emirates buys 5 Boeing 777 freighters in USD 1.7 billion-valued deal

Long-hauled carrier Emirates is buying five Boeing 777 freighters in a deal valued at more than USD 1.7 billion, further expanding its cargo flight capacity, the two companies announced on Tuesday. Emirates previously announced a USD 1 billion investment to its cargo flights, including buying two new Boeing 777s and converting 10 Boeing 700-300ER passenger planes into freighter aircraft. The two new aircraft joined Emirates' fleet in 2022, while the conversions are scheduled to begin in 2023. Emirates already operates 11 Boeing 777 freighters. The airline said this order put its total orders at 200 wide-body aircraft. This order reflects Emirates' confidence in air freight demand and overall aviation sector growth, said Sheikh Ahmed bin Saeed Al Maktoum, Emirates chairman and CEO. "It lays the ground for our continued growth, which is driven by the reach of our diverse global network." Emirates, a state-owned airline based at Dubai International Airport, the world's busiest for ...

India's air traffic may grow annually by average 7% till 2040: Boeing

Boeing said on Thursday that India has on average 23 million people travelling using trains daily and even if one per cent of them shift to the aviation market, the air traffic will double

Cargo hub on cards in Chhattisgarh to reach international markets

Chhattisgarh Chief Minister Bhupesh Baghel had submitted a proposal for the hub at the 23rd meeting of the central zonal committee, held recently in Bhopal

Adani Ports handle 100 mmt cargo in 99 days, expects 60% growth by 2025

Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest integrated transport utility, has clocked a cargo throughput of 100 MMT in the first 99 days of FY23

Cargo handling by Essar Vizag port up by 10% YoY to 1.3 mn tonnes in Apr

Surge in traffic marks the uptick in Indian steel sector, a major contributor to India's manufacturing output

Average time taken for customs clearance of imports comes down: CBIC

The National Time Release Study 2022 presents annual report of cargo clearance process through 4 categories of ports -- seaport, Inland Container Depots, Air Cargo Complexes and Integrated Check Posts

India's sea cargo tonnage near pre-pandemic levels

Reaching the pre-pandemic levels in exports and imports, even in volume ter­ms, is no mean achievem­ent

Allcargo group firm Gati Ltd looks to become Rs 3,000-cr company in 3 years

It has identified three areas, including talent acquisition and building infrastructure, to achieve the target

Cargo insurance premiums up 33%; second fastest after personal accident biz

This is significant as the cargo insurance market had declined by close to 8 per cent in FY21

SpiceJet's plan to hive off cargo business faces challenge from creditors

In its interim order, the Delhi HC has restrained SpiceJet from alienating the assets

SpiceJet gets shareholders' nod to transfer logistics biz to subsidiary

Besides, the shareholders have cleared the proposal to raise up to Rs 2,500 crore through the Qualified institutional placement (QIP) route.

Tube Investments to launch electric 3-wheeler passenger vehicles by March

Following this, TII will gradually look into the cargo segment, scooters and e-rickshaws

Govt to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping cos

The Union Cabinet approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo

Global air cargo up 9.4% compared to pre-Covid levels in May: IATA

Global demand measured in cargo tonne kilometres was up 9.4 per cent compared to May 2019, the International Air Transport Association has said

International travel stagnant, cargo demand solid: Airlines' group

Only 1.3 million international passengers flew on the region's carriers in May, representing just 4.3 per cent of the volumes carried in the corresponding month of 2019.

SpiceJet, IndiGo ready for new war zone as cargo biz continues upward swing

Analysts remain sceptical on the profitability from freighter business