India

Ocean Carrier Rate Revision Roundup for April 11
11 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May, although any gains achieved could be fleeting as overcapacity and lackluster global demand continues.
12 Feb 2014
The number of containers shipped via major ports in India slipped 4 percent year-over-year in the first 10 months of fiscal year 2013-14, but overall cargo tonnage inched up 1.4 percent, according to the latest traffic data released by the Indian Ports Association.
11 Feb 2014
Adani Ports and Special Economic Zone, India’s largest private port infrastructure developer, is poised to win the public-private partnership contract to build and operate a new container terminal at Ennore Port, a major state-owned cargo hub near Chennai.
11 Feb 2014
A strike by harbor truck crews has affected normal operations at the Vallarpadam International Container Transshipment Terminal, a DP World facility in India’s Port of Cochin.
06 Feb 2014
The Indian government has approved plans to develop five new cargo terminals, including four major container facilities, at various state-owned ports through public-private partnerships, as part of its $110 billion port capacity-building program.
06 Feb 2014
Blue Dart Express, India’s leading air express and logistics services provider, reported a net income of Rs. 23 crore (approximately $3.7 million) in the third quarter of fiscal year 2013-14, tumbling 49 percent year-over-year.
05 Feb 2014
Middle East-based Simatech Shipping has announced the launch of a new container service connecting Vallarpadam Transshipment Terminal, India, with Jebel Ali, United Arab Emirates, starting this month.
05 Feb 2014
Gateway Distriparks Ltd., India’s leading port-based logistics provider, reported its consolidated net income in the third quarter of fiscal year 2013-14 was $5.1 million, up 13 percent from $4.5 million in the same period in 2012.
03 Feb 2014
State-owned rail operator Container Corp. of India reported its net profit in the third fiscal quarter, which ended Dec. 31, 2013, was $40 million, rising 5.4 percent year-over-year from $38 million.
29 Jan 2014
Trucking and logistics giant Transport Corp. of India reported its net income in the third fiscal quarter, which ended Dec. 31, 2013, was $2.3 million, jumping 27 percent year-over-year from $1.8 million.
27 Jan 2014
Adani Ports and Special Economic Zone, India’s largest private port infrastructure developer, reported its consolidated net profit in the third quarter of fiscal year 2013-14 was $72 million, surging 25 percent year-over-year from $58 million.

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