Capacity at a container terminal at Viskhapatnam Port, a major state-owned cargo hub on India’s southeastern coast, is set to double to 1 million TEUs annually after a consortium signed a Rs. 633.11 crore (US $102 million) construction contract.
Danish delegation led by Minister for Trade and Economic Affairs, Denmark visits APM Terminals CFS facility in Dadri
06 Nov 2014
Rising operating costs coupled with the slowdown in international freight hauling hurt profit growth at Container Corporation of India, the country’s largest intermodal logistics provider.
05 Nov 2014
A container terminal on the Bay of Bengal will add 1.4 million TEUs of capacity to India's eastern coast when it opens in March 2016.
03 Nov 2014
Transport Corporation of India’s net profit rocketed 63 percent year-over-year in its second quarter, which ended September, as more shippers turned to the company’s third-party logistics offerings.
30 Oct 2014
Hapag-Lloyd again raised its “on-carriage congestion surcharge” for import shipments handled at Jawaharlal Nehru Port (Nhava Sheva), indicating that India’s largest container handler is still battling clogged railyards and that equipment turn times for ocean carriers have yet to improve.
27 Oct 2014
CSAV, in the process of being absorbed by Hapag-Lloyd, has added two new weekly loops, Sling 2 and Sling 3, to its IMEX service linking the Indian subcontinent, the Middle East and North Europe.
20 Oct 2014
India will invest $85.21 million in the development and operation of cargo facilities at Iran’s Chabahar port, as New Delhi seeks to enhance its strategic interest in Central Asia.
19 Oct 2014
Severe port congestion at the Philippines’ port of Manila in recent months resulted in average vessel delays of more than five days, according to a recent report from CargoSmart.
17 Oct 2014
India’s Port of Visakhapatnam reopened to marine traffic today, five days after Cyclone Hudhud’s devastation at the state-owned port complex.
15 Oct 2014
India’s trade deficit widened to $14.25 billion in September, up from $10.84 billion in August and $6.12 billion in September 2013.
15 Oct 2014
India’s Port of Visakhapatnam is likely to remain closed to vessel traffic for a few more days, after sustaining what local sources said was severe damage from Cyclone Hudhud’s winds and tidal surge on Oct. 12.