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| 07 August, 2020, 03:40 PM IST | E-Paper
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    Shipping / Transport

    Logistics firms optimise costs amid payment delays from cash-strapped customers

    While ecommerce companies, seeing steady sales, have been paying warehousing service providers on time, some companies in the fashion apparel segment have not paid for transportation services availed back in February and March, said Anshuman Singh, chairman of Warburg Pincus-based Stellar Value Chain solutions.

    Passenger transport operator bodies say sector on verge of collapse, seek govt help

    The two bodies said transporters in Delhi alone have suffered a financial loss of Rs 65,000 crore in the past two months and the business has no money to continue operations in the coming months.

    Great Eastern Shipping appoints former RBI Guv Urjit Patel as additional director

    "Patel has been appointed Chairman of the Governing Body of the National Institute of Public Finance and Policy. He serves on the Investment Advisory Committee of the Army Group Insurance," GE Shipping said, providing a brief profile of Patel.

    Inland Waterways Authority of India to provide Assam four new state-of-the-art Ro-Pax vessels

    The new Ro-Pax vessels have a capacity of 200 passengers and along with these, can carry 2 trucks and 4 cars. These vessels have low draft, good maneuverability in comparison to the earlier Ro-Ro vessels which had less maneuverability due to bigger size and high draft for which it faced difficulty in plying over River Brahmaputra.

    NCLAT upholds Adani group's Adani Ports & Special Economic Zone's takeover of Dighi Port

    The appellate tribunal rejected Kalantri's submissions contending that NCLT has failed to consider objections raised by it over the resolution plan submitted by APSEZ and rejected the settlement proposal submitted by his company Balaji Infra Projects Ltd (BIPL).

    Shipping Ministry waives off waterway usage charges to promote inland waterways

    The shipping ministry on Friday said it has waived off waterway usage charges in a bid to promote inland waterways as a cheaper mode of transport. Water usage charge was applicable on use of all the national waterways by vessels, and the waiver, applicable immediately, will remain in effect for a period of three years.

    CCI approves acquisition of Krishnapatnam Port Co by Adani Ports and Special Economic Zone

    Fair trade regulator CCI on Wednesday said it has given its nod to acquisition of Krishnapatnam Port Company Ltd by Adani Ports and Special Economic Zone Ltd.

    Operation routes for merchant, fishing vessels separated in south-west Indian waters

    The Arabian Sea around the country's south-west coast is a busy route with a substantial number of merchant ships passing through the area along with a large number of fishing vessels also operating there, resulting in collisions and loss of lives at times.

    Unbridled hike in fuel prices may force transporters to suspend operations, says AIMTC

    Diesel price for the first time in living memory crossed the rate of petrol in the national capital on Wednesday when prices were raised for a record 18th day in a row. Diesel now costs Rs 79.88 per litre in Delhi as compared to petrol price of Rs 79.76 a litre.

    India soon to upgrade ports into industrial hubs as part of Modi's 'atmanirbhar' push

    The government has proposed a major ports bill, which is under discussion, to empower ports to set their own tariffs, Kumar said. It would also allow ports to compete freely with other ports around the world, he added.

    India opens new chapter in connectivity with Bangladesh via container shipping

    India opens new chapter in connectivity with Bangladesh via container shipping

    Mansukh Mandaviya Minister of State for Shipping (Independent Charge) said that the route will open doors of new opportunities for both the countries. It will provide the alternative and shorter route to connect the North East Region through Bangladesh. Mandaviya said that this is a historic move to utilize Chattogram and Mongla Port for movement of India’s transit cargo.

    Chunk of 1.10 lakh hectares land with ports to be utilised to develop industries: Shipping Minister

    Chunk of 1.10 lakh hectares land with ports to be utilised to develop industries: Shipping Minister

    India has 12 major ports -- Kandla, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (Ennore), VO Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia) -- that handle about 61 per cent of the country's total cargo traffic. These 12 ports had handled 705 MT of cargo in the last financial year.

    Essar Ports eyes V shaped recovery; cargo handling in Q1 at 11.23 million tonnes

    Essar Ports eyes V shaped recovery; cargo handling in Q1 at 11.23 million tonnes

    The company said its cargo handling had dipped to 2.52 MT in April 2020 but green shoots of economic recovery has resulted in boosting its cargo handling in June 2020 to 4.41 MT.

    Daily volumes at major ports up 8%

    Daily volumes at major ports up 8%

    Volumes handled at major ports in the country in June climbed from a month earlier even after the clearing of consignments imported from China was delayed, according to a report by IDFC Securities.

    Road transporters worried: Expensive fuel hurting small fleets

    Road transporters worried: Expensive fuel hurting small fleets

    The impact of possible industrial action, the murmurs of which have already been felt in states such as Kerala, Madhya Pradesh and Uttarakhand, threatens the movement of essential goods and food items – consignments that dominate road transport these days. Utilisation levels are still at 35% for non-essential and 65% for the essential categories.

    India to save 20% logistic cost in supplies to CIS countries via Chabahar: Mansukh Lal Mandaviya

    India to save 20% logistic cost in supplies to CIS countries via Chabahar: Mansukh Lal Mandaviya

    Chabahar port, located in the Sistan-Balochistan province at energy-rich Iran's southern coast, lies outside the Persian Gulf and is easily accessed from India's western coast, bypassing Pakistan.

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