India

India

26 Nov 2014
Indian shippers already facing a wave of surcharges tied to landside congestion at major ports received another blow earlier this week when the federal government issued a decree allowing Indian Railways to charge a “port congestion surcharge” for cargo moving to inland distribution points.
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.
07 Nov 2014
Gateway Distriparks Ltd., India’s leading port logistics provider, boosted second-quarter net profit 42 percent year-over-year to Rs. 47.74 crore (US $7.83 million) on a consolidated basis, mainly driven by higher earnings from its “rail logistics” segment.
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.
The Cat Lai Terminal within the port of Ho Chi Minh City, Vietnam.
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.