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|  Essar Shipping loss widens to INR 176 crore in Q4  |    |  200 MW solar projects to come up at major ports  |    |  Paradip Port awarded for 2nd highest Traffic growth by Ministry of Shipping  |    |  Aviation ministry to plan path for Air India this week  |    |  Mundra ports quarterly profit up 27% to USD 182.6 million, sales up 18%  |    |  April air cargo rates up as Asia-North America volumes rise  |    |  DHL adds another China-Europe rail link  |    |  Railways to seek Cabinet nod for INR 35,000 cr development fund  |    |  Fraport profit soars 24.5% to USD 20.2 million, revenues rise 3.5%  |    |  CONCOR to start train service from ICD Agra to Mundra Port  |    |  Indian Railways will export 18 diesel locomotives to Myanmar  |    |  Korea seaport cargo up 6.6% in April  |    |  Toyota and Mitsubishi hope to run container port near Indonesian car plants  |    |  PMRDA to start work on ring road by October  |    |  AADA raises China-Australia rate USD 300 TEU July 1  |    |  PPT gets Shipping Ministry award  |    |  Centre govt. plans to upgrade vessel repairing facilities at 7 ports  |    |  Visakhapatnam Port to be modernised by 2019  |    |  CMA CGM launches 2nd loop between India, Mideast &Africa  |    |  Cochin Port to commemorate arrival of 1st vessel  |   
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April air cargo rates up as Asia-North America volumes rise
Average east-west air freight prices in April increased 7.9% year on year to USD 2.86 per kilogramme, beating March and February's levels, and in line with an improvement in air freight traffic. London transport research house Drewry, which compiled the data using a weighted average of buy rates across 21 trade lanes, warned there could be some fall back in May: "Led by higher rates out of Asia to North Am ...
Aviation ministry to plan path for Air India this week
The flight path for Air India's future may be drawn as early as next month. With finance minister Arun Jaitley saying the government is open to disinvesting in the airline, the aviation ministry will this week begin internal deliberations on the issue. Apart from this, the Niti Aayog is also learnt to be in advance stages of finalising its recommendations for the debt-ridden Maharaja. “Internally ...
Paradip Port awarded for 2nd highest Traffic growth by Ministry of Shipping
Union Shipping Ministry has awarded Paradip Port for achieving 2nd highest growth in traffic for the year 2016-17. Nitin Gadkari, Minister of Shipping and Transport appreciated PPT’s performance and presented an award to Paradip Port Trust (PPT) for achieving 2nd Highest Growth in Traffic for the year 2016-17. Rinkesh Roy, Chairman, PPT received the award for PPT from the Minister during the review meetin ...
Toyota and Mitsubishi hope to run container port near Indonesian car plants
Toyota Motor Corporation and Mitsubishi Corporation are among the leading bidders to operate Patimban port in West Java, Indonesia, that is currently under construction and being developed by the Indonesian government with funding from the Japan International Cooperation Agency (JICA). The port is expected to start operations in 2020. At full build out, it will have a capacity of 7.5 million Twenty Foot Equivalent ...
PMRDA to start work on ring road by October
The Pune Metropolitan Region Development Authority (PMRDA) is all set to start work on the INR 17,412-crore ring road by October this year as it has appointed an agency to prepare the detailed project report (DPR) for the project. Kiran Gitte, CEO and metropolitan commissioner of PMRDA said that “A DPR for the the 129-km ring road should be ready in four months as agency has been appointed for the purpose.&rd ...
Centre govt. plans to upgrade vessel repairing facilities at 7 ports
A top official said here the Central Government has identified ship repairing facilities of seven ports for upgradation into modern units in collaboration with the Cochin Shipyard. Union Shipping Ministry Joint Secretary, Sagarmala Wing, Rabindra Kumar Agarwal said here, “It has been decided at last week’s meeting in Goa that seven ports, which have ship repair facilities that need to be upgraded, shoul ...
Visakhapatnam Port to be modernised by 2019
According to the Visakhapatnam Port Trust (VPT) authorities, modernization of port will be completed by 2019. “The modernisation of VPT includes increasing container trade, doubling capacities of inner harbour, modernise berthing structures, setting up Multi-Modal parks, free trade zones, provision of clean cargo and improvement of rail and road connectivity inside the port,” said VPT Chairman MT Krishn ...
Chhattisgarh CM gives nod for Raipur-Vizag highway
Chhattisgarh Chief Minister (CM) Raman Singh has given an in-principle nod for connecting state capital Raipur to Visakhapatnam in Andhra Pradesh via a new road route. The neighbouring state’s Chief Minister N Chandrababu Naidu has proposed to link the two major cities through a national highway. An official here said that “While chairing a review meeting of the state’s Public Works Department ...
Allcargo Q4 net slips marginally
Allcargo Logistics today reported a marginal dip of 2% in consolidated net profit at INR 57.24 crore for the quarter ended March 31, 2017. The company’s net profit was at INR 58.64 crore in the year-ago quarter. Its total income from operations during the quarter was at INR 1,362.81 crore, as against INR 1,390 crore a year ago. The firm’s total expenses fell to INR 1,295.79 crore, compared to INR 1, ...
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