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|  DP World reports 10.7% gross volume growth in Q2 2017  |    |  Major Ports post combined net surplus of INR 2820 cr in FY 2017  |    |  Odisha sets a target to reach INR 1 lakh cr exports by 2025  |    |  Shapoorji Pallonji Group to spend INR 2,000 cr in Odisha Gopalpur Port  |    |  Air India SATS Airport Services launches mobile app for tracking cargo  |    |  IndiGo & Jet introduce additional flights to Doha, Mumbai from Kozhikode  |    |  Port of Rotterdam registers impressive container throughput rise in H1  |    |  New waterways to connect India with Bangladesh  |    |  Yang Ming to start New Korea-Taiwan-Hong Kong service  |    |  DFC to be commissioned in 2 years  |    |  Domestic air traffic up 20% in June  |    |  No new port in 100 km vicinity of major ports  |    |  IRCTC to install 1,100 water vending machines at railway stations  |    |  Port of Antwerp first half volume increases by 1.9% to 5,143,305 TEU  |    |  Asia-Europe rate falls 2.1% to USD 919 TEU, declines 3.1% to USWC  |    |  Operations at international cargo terminal likely to begin soon  |    |  Haicang Port sees 1H cargo rise 20.7% to 3.12 million TEU  |    |  Bahri gets delivery of 39th VLCC, strengthens its leading position  |    |  Shreyas Shipping & Logistics signs MoA to acquire one Multipurpose vessel  |    |  Businessman to sell 12% stake in CIAL  |   
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Shapoorji Pallonji Group to spend INR 2,000 cr in Odisha Gopalpur Port
The USD 6-billion Shapoorji Pallonji Group, which has acquired a controlling stake in Gopalpur Port off the coast of Southern Odisha, has pledged an investment of INR 2,000 crore to ramp up the port's cargo volumes. The port's cargo handling capacity is envisaged to be raised to 20 million tonnes per annum (mtpa) in the first phase, said a source close to the development. The port will achieve this plan ...
DP World reports 10.7% gross volume growth in Q2 2017
DP World Limited handled 34 million Twenty Foot Equivalent Unit (TEU) across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2% year-on-year on a reported basis and 7.7% on a like-for-like basis, with second quarter growth rates accelerating to 10.7% year-on-year on a reported basis and 10.4% on a like-for-like basis, ahead of Drewry Maritime’s upgr ...
New waterways to connect India with Bangladesh
Union Minister Mansukh Mandaviya has said, Bangladesh and India have signed a Memorandum of Understanding (MoU) to connect the North-East and West Bengal with Bangladesh through new waterways. "The new waterways would enable transportation of people and goods by ships. They would be set up by using the major rivers of Bangladesh, West Bengal and the Brahmaputra in Assam," the Union Minister of State for R ...
Asia-Europe rate falls 2.1% to USD 919 TEU, declines 3.1% to USWC
Spot rates for shipping containers from Asia to northern Europe in the week ending Friday fell 2.1% to USD 919 per Twenty Foot Equivalent Unit (TEU), according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade slipped 1.4% to USD 852 per TEU. Asia to the US west coast declined 3.1% week-over-week to USD 1,226 per FEU while those to the east coast off 0.8% to USD 2,233 per FEU.
No new port in 100 km vicinity of major ports
Concerned about new ports eating into the profitability and business of India's 12 major ports, a parliamentary panel has recommended that no new port be allowed in 100 km vicinity of top ports without a nod from board. The recommendation assumes significance in the wake of 12 major ports losing about 33% market share to non-major and private ports. Parliamentary Standing Committee on Transport said in its ...
Essar Bulk Terminal eyes 50% rise in cargo handling in fiscal 2018
Essar Bulk Terminal Limited, a special purpose vehicle (SPV) set up under Essar Ports Limited, is looking to a sharp increase in cargo handling at its Hazira port terminal following the company's focus on third-party cargo. In 2016-17, the company registered total cargo handling at Hazira port at 18 million tonnes (mt), which it expects to increase to about 28-29 mt by March 2018. The company has also signed an ...
Port of Oakland June volume up 5.1% beats June 2006 all time record
Port of Oakland handled 80,253 laden Twenty Foot Equivalent Unit (TEU) import containers in June, up 5.1% year on year and breaking the monthly record of 78,326 TEU set in June 2006. Port of Oakland Maritime Director John Driscoll said that "As we near autumn, retailers begin stocking up for the holidays.” He said that "Healthy volumes now might be a preview of what we can expect for peak season ...
Kandla Port awards channel maintenance dredging contract
Kandla Port Trust (KPT) has awarded Van Oord the contract to keep the approach channel to the Port up to depth for the next three years. The approach channel is a crucial gateway to Kandla Port, the country’s leading Major Port. The dredging activities will commence this month, said a release. Ton van der Burg, South West Asia Area Manager said that "We are very happy to win this project after ha ...
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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