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Allcargo’s European arm buys logistics firms in HK, Singapore

The European subsidiary of Mumbai-headquartered logistics firm Allcargo Logistics, has acquired majority stakes in Hong Kong-based PAK DA (HK) Logistics and Singaporebased Spechem Supply Chain Management.

Kenya risks losing port to China casting shadow over India's outreach in Eastern Africa

China is now the single largest financier for infrastructure in Africa, funding one-in-five projects and constructing every third one, according to a Deloitte report. Forty out of Africa’s 55 states, along with African Union have signed memoranda of understanding with Beijing to finance and build modern highways, airports, and railways.

Shipping ministry not opposed to SCI strategic divestment: Secretary

The Shipping Ministry in 2017 had opposed the proposal of the strategic divestment of SCI, but has now agreed to the proposal of the group of secretaries for dilution of stake in the SCI.

GRSE lays keel of the first large survey vessel

These vessels are 110m long with deep displacement of 3300 tonne and can accommodate 231 personnel. The vessel will have a cruising speed of 16 knots. The hull form of these new generations Survey Vessel also meets the stringent seakeeping and manoeuvring requirements including helicopter operations at high sea states.

India clocks four-fold jump in cruise calling in last 2 years

The total cruise callings on five ports including Chennai, Cochin, Mumbai, Mangalore and Mormugao were 138 ships carrying a total of 1.76 lakh passengers in fiscal 2017-18.

First ever container cargo to Assam via Indo-Bangla water route

This will be the first ever containerised cargo movement on this Inland water transport (IWT) route and the ship will carry 21 containers of petrochemicals, 20 of edible oil and others of beverage and mineral water. The Centre will further finance 80% of the estimated cost of 305.84 crore for dredging in two stretches of Bangladesh inland waterways.

NCLAT gives go ahead to NCLT Mumbai to decide on Adani Ports' bid for Dighi Port

A two-member bench headed by Chairperson Justice S J Mukhopadhaya asked the creditors and the resolution professional of Dighi Port to file a comparative chart giving compatability and feasibility of the plans in two weeks.

Govt to form committee for development of minor ports

Minor ports could boost inland waterways and coastal shipping and "we will provide comprehensive plans for development", Shipping Minister Mansukh Mandaviya said.

Odisha's Gopalpur port receives its first capesize vessel

Gopalpur Port has undertaken an expansion programme which amongst other things entailed dredging of the channel to enable it to receive large ships.

Foreign players keen to invest in India’s logistics infra space: Detlev Mohr, McKinsey

Detlev Mohr feels that "there is big interest to invest in infrastructure because India will be probably the hottest growth play in the next 10 years in this area".

Logistics sector to grow at 8-10 per cent over the medium-term; outlook stable: ICRA

Logistics sector to grow at 8-10 per cent over the medium-term; outlook stable: ICRA

The key drivers for demand pick-up would be the festive season as well as the anticipated revival in infrastructure spending post monsoon and improvement in receivable cycle of contractors.

Index to measure logistics costs of key export sectors on the cards

Index to measure logistics costs of key export sectors on the cards

Exercise underway to develop an index with an aim to cut logistics costs to 10% from 14%.

Trade with northeast region to improve with access to key Bangladesh Ports: Shipping Minister

Trade with northeast region to improve with access to key Bangladesh Ports: Shipping Minister

The use of these two ports will reduce the distance between Kolkata and northeast region significantly.

Major ports record marginal upswing in cargo handling at 348 MT during April-September

Major ports record marginal upswing in cargo handling at 348 MT during April-September

Increased demand from various sectors including coal, fertilisers, iron ore and containers was the main reason for the growth in the traffic, IPA said.

NCRTC likely to provide freight movement on regional rapid transit system

NCRTC likely to provide freight movement on regional rapid transit system

According to the NCRTC, RRTS is envisioned to serve as a more sustainable alternative for urban freight movement in the NCR by handling goods at its depots.

India, Iran review progress on full operationalisation of Chabahar port

India, Iran review progress on full operationalisation of Chabahar port

India is participating in the development of the first phase of the Shahid Behesti Port in Chabahar in cooperation with Iran.

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