Air cargo leaving India has been hit with severe delays because of poor weather and the lingering impact of U.S. West Coast port congestion on world trade, according to a U.S. freight forwarder specializing in air and ocean freight in the Far East.
Danish delegation led by Minister for Trade and Economic Affairs, Denmark visits APM Terminals CFS facility in Dadri
28 Feb 2015
PSA International kick-started work on its $350 million expansion of Jawaharlal Nehru Port Trust after signing a contract related to dredging and reclamation work for a fourth container terminal at India’s largest container gateway.
27 Feb 2015
Mediterranean Shipping Co. is adding a new container service in the India-Australia-Mediterranean route, called the Australia Express, as the Geneva-based carrier beefs up its India connections to serve growing trade volumes.
26 Feb 2015
Mediterranean Shipping Co. plans in late April to launch a new container service directly linking India and China to capitalize on the booming intra-Asia cargo trade.
25 Feb 2015
A nationwide indefinite dockworker strike is planned to start March 9 in India, threatening to disrupt the country’s transport systems when port volumes see a turnaround.
24 Feb 2015
Trade between China and Iran has been growing at almost 40 percent a year since 2012, driven by rapidly rising consumer demand, according to a Seabury Group study.
20 Feb 2015
State-owned intermodal operator Container Corporation of India said it has helped clear out the backlog of import containers destined for Ludhiana that had stacked up at major ports on the west coast over the past few months.
16 Feb 2015
Allcargo Logistics Ltd.’s group net profit surged 26 percent year-over-year in third fiscal quarter, which ended Dec. 31, despite the Indian logistics provider seeing a marginal decline in international cargo revenue.
14 Feb 2015
India’s merchandise exports tumbled 11.2 percent year-over-year in January, the lowest level since July 2012, but a steeper decline in imports helped pull the country’s monthly trade imbalance with the rest of the world down to an 11-month low, according to provisional trade data released by the Ministry of Commerce and Industry.
13 Feb 2015
Shipping Corporation of India swung to a Rs. 31.3 crore (about $5 million) net profit in its fiscal third quarter, which ended Dec. 31, from a $10.6 million loss in the same period of 2013, driven by cost savings and higher freight rates that helped offset a marginal decline in revenue.
12 Feb 2015
DB Schenker strengthen its presence in Asia in January with the opening of a new company in Cambodia and a last-mile logistics centre in eastern India.