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|  Businessman to sell 12% stake in CIAL  |    |  Shreyas Shipping & Logistics signs MoA to acquire one Multipurpose vessel  |    |  Bahri gets delivery of 39th VLCC, strengthens its leading position  |    |  Haicang Port sees 1H cargo rise 20.7% to 3.12 million TEU  |    |  Hong Kong airport first half cargo up 11.3% to 2.3 mt  |    |  Amsterdam Schiphol air cargo volume increases 9.8% in June  |    |  Cosco ports throughput jumps 14% in June to 7.4 million TEU  |    |  CSL proposes to issue IPO to finance infrastructure project  |    |  Jet Airways asks junior pilots to take 30% pay cut  |    |  Cambodian air cargo volumes increase 34% in first half of 2017  |    |  Domestic airlines fly 20% more passengers in June  |    |  Private Greenfield airport at Karaikal to be ready by next June  |    |  Kakinada Container Terminal achieves record throughput on vessel  |    |  DHL Express expands presence in key industrial hub of Bhiwadi  |    |  Cathay Pacific & Cathay Dragon carry more cargo in June  |    |  Essar Bulk Terminal eyes 50% rise in cargo handling in fiscal 2018  |    |  Jet Airways to start more domestic flights for monsoon  |    |  SpiceJet to connect Hyderabad-Puducherry under UDAN routes  |    |  Govt. approved allocating 2.5% of Road fund for NW  |    |  Kandla Port awards channel maintenance dredging contract  |   
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Haicang Port sees 1H cargo rise 20.7% to 3.12 million TEU
The Port of Haicang, part of greater Xiamen, posted a 20.7% year-on-year increase in the first container throughput to 3.12 million Twenty Foot Equivalent Unit (TEU). From January to June, the port imported and exported 2.49 million TEU, up 21.43% year on year. Within this total, imports rose 19.5% to 1.27 million TEU, while exports increased by 23.4% to 1.21 million TEU. Domestic trade volumes grew by 4.41% year o ...
Shreyas Shipping & Logistics signs MoA to acquire one Multipurpose vessel
Shreyas Shipping & Logistics has recently informed that the company has signed a Memorandum of Agreement (MOA) for acquisition of one Multi-Purpose Vessel of about 1100 Twenty Foot Equivalent Unit (TEU). The delivery of ship is expected in first week of September 2017 according to the Company’s BSE filing. Shreyas Shipping & Logistics is a part of Transworld Group of Companies, which was established i ...
Businessman to sell 12% stake in CIAL
Astute businessman George V Nereaparambil, who owns 22 flats in Dubai’s Burj Khalifa, has put his nearly 12% stake in Cochin International Airport Limited (CIAL) on the block. The stake will be valued at about INR 200-250 crore, valuing the company at a little over INR 2,000 crore. Nereaparambil, who is the founder of Dubai-based Geo Group of Companies, was among the first to invest in CIAL as early as 19 ...
Domestic airlines fly 20% more passengers in June
Domestic airlines flew 95.86 lakh passengers in June this year registering a growth of almost 20% over the 79.75 lakh passengers flown during the same period in the previous year. IndiGo retained the number one spot having flown 38.26 lakh passengers followed by Jet Airways (14.58 lakhs) and SpiceJet (12.73 lakhs). Air India carried 12.49 lakhs while Go Air flew (8.05 lakhs), Vistara (3.44 lakhs) and AirAsia (3 ...
Private Greenfield airport at Karaikal to be ready by next June
A senior Karaikal Airport Private Limited official said, Work on India’s ‘first private greenfield airport’ here will be completed before June next and the airport will become operational soon after. About 350 acres of land out of the proposed 526 acres for the airport project has already been procured, KAPL Chairman JV Chowdhary told reporters here. He said that “Of the 60 acres of land ...
Kakinada Container Terminal achieves record throughput on vessel
Kakinada Container Terminal achieved a significant milestone with the sailing of M.V. SENTOSA STAR V.1710E from Kakinada Port on July 11, 2017. The throughput achieved for this vessel was a record 1,018 Twenty Foot Equivalent Unit (TEU). The vessel, which had berthed at 0045 hours on July 10, sailed from the port at 1745 hours on July 11, after an operation encompassing 500 import containers, 374 export boxes, ...
DHL Express expands presence in key industrial hub of Bhiwadi
DHL Express has inaugurated a new service centre in Bhiwadi. Located in Alwar district of Rajasthan, the 3,188 square feet facility will be the seventh in the Delhi-NCR region. The city of Bhiwadi is an industrial town spanning nearly 5,300 acres that caters to over 2,500 big and small enterprises. The city’s location on the national highway offers excellent connectivity to Delhi-NCR, and the strong poten ...
Govt. approved allocating 2.5% of Road fund for NW
The Government recently approved allocation of 2.5% of the Central Road Fund for National Waterways (NWs) that would result in about INR 2,000 crore proceeds per annum for their development. Parliament last year had enacted National Waterways Act, 2016, for developing and maintaining the existing five NWs and 106 new NWs across the Country. An official said in statement, “The Union Cabinet has accorded it ...
Container volumes at Singapore Port increase 8.5% in June
Container volumes at the port of Singapore have risen in June compared to the year-ago level, according to preliminary estimates from the Maritime and Port Authority of Singapore (MPA). In June 2017, box throughput was recorded at 2.82m Twenty Foot Equivalent Unit (TEU), an increase of 8.5% compared to 2.6m TEUs seen in June 2016. Last month’s volumes, however, dipped by 5.7% month-on-month from 2.99m TEU ...
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