Page 4 - Cargo

Firm says cargo vessel 'MV Glory' ran aground in Egypt's Suez Canal

A cargo vessel ran aground in Egypt's Suez Canal on Monday, a canal service firm said. Leth Agencies said the vessel, MV Glory, ran aground near the city of Qantara, in the Suez Canal province of Ismailia. The firm said canal rigs are currently trying to refloat the vessel. A spokesman for the Suez Canal Authority did not respond to calls seeking comment.

The airlines we deserve

Two stories this week showed what's wrong with the attitudes of airlines and passengers

12 big telcos enquired about telecom stack, says Ashwini Vaishnaw

He said the government's Telecom Technology Development Fund (TTDF) would be slowly enlarged to Rs 3,000-4,000 crore over a number of years, from the current Rs 500 crore per year

Railways plans to launch Vande Bharat trains for freight operations

The Centre, in this fiscal year's Union budget, had laid out a target to roll out 400 Vande Bharat trains by the end of 2024-25

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

RSIC plans to set up air cargo complex at Dabok airport in Udaipur

The Rajasthan Small Industries Corporation (RSIC) is planning to set up an air cargo complex at the Dabok airport in Udaipur to facilitate import and export of goods in the next few months

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

IndiGo's cargo plans are independent of Interglobe-UPS JV, says airline

Interglobe Enterprise which holds 37.82% in IndiGo, is entering the business of logistics and cargo by forming a 50:50 joint venture with logistics giant UPS

Adani Ports cargo volumes accelerate to 300 million metric tonnes

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has achieved the milestone of handling 300 million metric tonnes (MMT) of cargo well ahead of the year end

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