India

India

Ocean carrier rate revision roundup for Nov. 21
21 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
21 Nov 2014
United Arab Shipping Co. plans to join the EPIC Service between the Indian subcontinent and North Europe operated until now independently by CMA CGM.
18 Nov 2014
India’s global merchandise exports in October fell for the first time in seven months on a year-on-year basis, primarily due to a sharp decline in engineering shipments, according to provisional government statistics.
18 Nov 2014
Jawaharlal Nehru Port Trust (Nhava Sheva), India’s largest container handler, received the regulatory go-ahead to levy a new user fee to fund its “logistics data bank” project, a data processing center to track the movement of containers.
14 Nov 2014
Freight forwarding and logistics services growth fueled a 51 percent year-over-year increase in Allcargo Logistics’s consolidated net profit in its the fiscal second quarter, which ended Sept. 30.
13 Nov 2014
A significant turnaround in the liner segment coupled with tight cost controls helped state-owned Shipping Corporation of India report a modest net profit of Rs. 18.59 crore (about $3 million) in its second fiscal quarter, reversing a $20.13 million loss a year earlier.
12 Nov 2014
The number of export and import containers moving through major ports in India expanded 7.34 percent year-over-year from April to October, the first seven fiscal months, as the government of Prime Minister Narendra Modi is making port development a major priority.
10 Nov 2014
Adani Ports and Special Economic Zone, India’s largest private port infrastructure developer, posted a 68 percent increase in consolidated net profit for the fiscal second quarter, which ended Sept. 30, on the back of strong growth in cargo volumes.
10 Nov 2014
Blue Dart Express, India’s leading air express and logistics services provider, reported relatively flat fiscal second-quarter net profit as a 24 percent rise in operating costs offset a 23.5 percent increase in operating revenue.
10 Nov 2014
Gati Ltd., India’s leading express distribution and supply chain solutions company, reported its group net profit in the fiscal second quarter totaled about $2 million, a more than two-fold increase from the same period in 2013.
Ocean carrier rate revision roundup for Nov. 7
07 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.