Indian shippers who have been reeling from unpredictable demand may have some cost relief on the way after the Directorate General of Shipping and stakeholders moved a step closer to reaching an agreement over abolition of shipping surcharges.
Danish delegation led by Minister for Trade and Economic Affairs, Denmark visits APM Terminals CFS facility in Dadri
11 Nov 2015
Gateway Distriparks recorded a sharply lower net profit in the second fiscal quarter through the end of September, as India’s leading port-based logistics provider was hit by slowing container volumes.
10 Nov 2015
Adani Ports and Special Economic Zone, the biggest India port operator, reached an agreement to acquire Kattupalli Port, a minor port complex built by domestic engineering group Larsen & Toubro Ltd.
09 Nov 2015
Shreyas Shipping and Logistics recorded a 33 percent fall in consolidated net profit for the second fiscal quarter through the end of September, the combined result of slowing trade volumes, freight rate erosion and increased competition with the entry of new short-sea ship operators into the Indian coastal shipping market.
06 Nov 2015
Allcargo Logistics Ltd., India’s leading international freight forwarder and port-based logistics provider, reported a 14 percent increase in consolidated net profit for the second fiscal quarter, despite flat revenue, the company said in a filing to the Bombay Stock Exchange on Friday.
05 Nov 2015
Jawaharlal Nehru Port Trust, India’s biggest container handler, saw its throughput volumes remain relatively flat in the first seven fiscal months, up just 0.3 percent year-over-year, hampered by off-and-on disruptions and slowing global trade, according to the newest port statistics compiled by JOC.com.
04 Nov 2015
India’s biggest port operator, Adani Ports and Special Economic Zone, whose second-quarter earnings took a hit due to slowing volume growth at its flagship Mundra Port, has a reason to cheer.
03 Nov 2015
DP World said its Vallarpadam International Container Transshipment Terminal at India’s Cochin Port is on a steady “growth path” on the back of operational efficiency and connectivity upgrades.
03 Nov 2015
Despite flat revenue, Transport Corporation of India’s net income increased 9 percent year-over-year in the second fiscal quarter to $3.6 million, aided by tight cost controls and growing express cargo demand driven by e-commerce growth in the country.
02 Nov 2015
Adani Ports and Special Economic Zone increased its net income and revenue in the second fiscal quarter, but it did so at a slower rate than last year as India’s biggest non-government port operator struggled to maintain its growth momentum amid a global shipping slowdown.
30 Oct 2015
APM Terminals-operated Gujarat Pipavav Port recorded a 24 percent year-over-year decline in its container volumes during the second fiscal quarter, according to a company statement filed with the Bombay Stock Exchange.