Page 4 - Cargo

Indian Railways to map coal, mineral mines and ports to bridge connectivity

The Railways ministry mapping 48 mines, 29 ports across 52 districts

Cathay Pacific narrows annual loss on cost cuts and strong cargo demand

Hong Kong's Cathay Pacific Airways Ltd posted on Wednesday an annual loss of HK$5.5 bn ($703.45 mn), narrowing from prior year's HK$21.65 bn, thanks to cost-cutting efforts and strong air cargo demand

Alang's recycling yard turns wary of future amid spike in cruise vessels

Alang sees more cruise ships dock in the past one year than the previous decade but vies for more cargo, defence ships

Govt waives charges on cargo flights to boost agro exports from North East

Sops are a part of the revised version of Krishi Udan scheme which prioritises seven cargo routes and aims to create a hub-and-spoke model for transport of agro-produce within and outside India

Railways to set up 500 multi-modal cargo terminals under Gati-Shakti scheme

Indian Railways will establish around 500 multi-modal cargo terminals under the PM Gati-Shakti programme in a time period of 4-5 years

Icra says FY22 port cargo volumes to remain robust, exceed pre-Covid level

During April-August period all segments, except fertilisers, posted healthy year-on-year growth; better numbers can be attributed to base effect

SC rejects ArcelorMittal plea on arbitration in cargo handling dispute

Two-judge bench holds that trial court can consider application filed under Section 9 of the Arbitration Act by Essar against ArcelorMittal

SpiceJet doubles frequency of cargo flights to China

Air freight charges have gone up too and shippers are exploring trucking of export goods from Shanghai to alternate airports in China for onward carriage.

SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore

It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money

Adani Ports to expand cargo ops, eyes 500 million tonne throughput by 2025

Company enjoys a 25% market share of India's exim cargo, wants to ramp it up to 40%

Suez Canal blockade: Egypt demands $550 mn from Japanese cargo ship owner

Egyptian authorities are demanding 550 million US dollars in compensation from the Japanese owner of a cargo ship that blocked the Suez Canal for nearly a week in March

International air cargo handled during Oct 90% of its year-ago level: Puri

International air cargo handled in India during October was 90 per cent of its year-ago level, Civil Aviation Minister Hardeep Singh Puri said on Friday. "With our skies & airports busy facilitating more than 1.81 crore domestic passengers since May 25, 2020, another area which witnessed robust activity & growth is air cargo," he said on Twitter. India had resumed scheduled domestic passenger services from May 25 after a gap of two months due to coronavirus-induced lockdown. Scheduled international passenger flights continue to remain suspended in India since March 23. However, air cargo operations - national and international - have not been suspended this year. The air cargo data across the country has shown multiple green shoots, Puri said. Air cargo at Indian airports has increased from 1.55 million metric tonnes (MMT) in 2006-07 to 3.56 MMT in 2018-19. It faced a minor dip to 3.33 MMT during 2019-20 as a result of global downturn due to COVID-19, he said. "India's ...

India, Bangladesh looking to address logistics challenges for cargo: Irani

Union Minister Smriti Irani said various measures are being looked atto address the logistics challenges and reduce the turnaround time for seamless movement of cargo between India and Bangladesh

SpiceJet operates first ever long-haul cargo flight to Frankfurt

Airline major SpiceJet operated its first-ever long-haul cargo flight from Delhi to Frankfurt using wide-body Airbus A340 aircraft

Covid-19 pandemic altered air cargo business dynamics: AAICLAS CEO

Domestic freight traffic reduced by 74 percent and international freight traffic by 57 percent for the period April to June, 2020 vis--vis the same period last year

Air freight rates return to earth as virus-driven boom cools; airlines fret

About half of the air cargo carried worldwide normally flies in the belly of passenger jets rather than in dedicated freighters

Covid-19: Govt reduces penalty on uncleared airport cargo by half

However, customs dept feels move will only discourage importers and brokers from lifting their consignments and cause further congestion of ports

Delhi 'blinks green' as the fastest air cargo hub among India's metros

The colour-coded Customs dashboard is meant to help India break into top 50 ease of business club

Cargo handled by major ports in Apr-Oct almost unchanged at 405 mt: IPA

Ports -Deendayal, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar, V.O. Chidambaranar, Visakhapatnam, Paradip and Kolkata-- saw only 0.44% growth in cargo handled during the period

'Under FCA, CIP, CPT, seller must provide proof of cargo delivery to buyer'

In FCA/CIP/CPT, the seller is only required to provide proof that he has delivered the cargo to the buyer