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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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Operations at international cargo terminal likely to begin soon
Operations from the international cargo terminal at the Visakhapatnam airport are likely to commence in a couple of months if everything goes well. However, the passengers’ association and people’s representatives do not wish to hazard a guess going by the past experience. The proposal has been hanging fire for over four years now. The AP Trade Promotion Corporation (APTPC), which had bagged the ...
Bahri gets delivery of 39th VLCC, strengthens its leading position
Bahri, a global leader in transportation and logistics, has further expanded its multipurpose fleet with the addition of ‘ASLAF’, a 300,000 Deadweight tonnage (dwt) carrier built by Hyundai Heavy Industries (HHI) in South Korea. Bahri took delivery of the new vessel at HHI’s Mokpo shipyard in South Jeolla Province, South Korea, bringing the number of VLCCs in its fleet to 39 while increasing its t ...
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 ...
Air India Express plans to expand fleet
A senior airline official said that Air India Express is preparing a 10-year vision document as it looks at expanding its fleet and flying to more foreign destinations. The plan is being prepared amid the government working on a road map for disinvestment in Air India, the debt-laden parent of the low-cost carrier which remains bullish on growth prospects. While the national carrier has been in the red for long ...
Kerry Logistics buys 50% stake in Lanzhou Pacific
Kerry Logistics Network Limited has acquired of 50% of the shares in Lanzhou Pacific Logistics Limited (LPL). The investment marks another strategic step in advancing Kerry Logistics' expansion into the rail freight and multimodal services under the 'Belt and Road' Initiative. As the new shareholder and joint venture partner, Kerry Logistics will join hands with another shareholder of LPL, China Rai ...
HKIA handles record 4.6 mt of airfreight
Hong Kong International Airport (HKIA) enjoyed a fruitful year in 2016/17, setting new annual records in all three air traffic figures: cargo, passenger and flight movements. During the fiscal year, cargo volume rose 6.7% to 4.6 million tonnes, securing HKIA as the world's busiest cargo airport for the seventh consecutive year. In the same reporting period, passenger traffic rose 1.1% to 70.5 million, breac ...
Silk Board Junction to get new road-cum-rail flyover by 2020
The traffic-stricken Silk Board Junction is likely to be decongested by 2020. The BBMP and the BMRC on Friday mutually agreed to share the cost to build an integrated flyover and metro track from Silk Board Junction to Ragigudda Temple in Jayanagar 9th Block. The four-lane flyover, which was announced in the state budget of 2016-17, will span roughly 4 kilometer (km) between the two points on the Outer Ring Road in ...
Piramal Finance to spend INR 485 cr in Apollo LogiSolutions
Piramal Enterprises Limited through its subsidiary Piramal Finance Limited has committed INR 485 crore to integrated third party logistics (3PL) solutions provider, Apollo LogiSolutions. Piramal Finance will be a long-term investor in the company as it seeks to scale up its operations over the coming years. Apollo LogiSolutions plans to use this growth capital in various capacities such as organic growth of exi ...
Air India Express clocks INR 297-cr profit in FY-17
Air India Express has earned net profit of INR 296.7 crore in FY-17, for the second consecutive year. The airline has been registering operating profit for the last four years, and for the first time earned a net profit in FY-16 amounting to INR 361.68 crore. K Shyam Sundar, Chief Executive Officer (CEO) said, “The net profit earned in 2016-17 is particularly significant as the competition from Indian pri ...
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