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Press Releases

Apex Maritime India Opens Office in Delhi
Container Lines
GATI-KWE President, Chitra Shinde Awarded ‘Lady Transport Personality of the Year Award’
Logistics Providers
FFFAI Golden Jubilee Event on 2nd December 2012
Logistics Providers
 

India, China Sign MOUs to Address Trade Imbalance

21 May 2013
India and China have signed three memorandums of understanding regarding buffalo meat, fisheries and pharmaceuticals, as well as one agreement on feed and feed ingredients...
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Transport Corp. of India's Profit Climbs
16 May 2013
Transport Corp. of India reported its group net profit in fiscal year 2012-13, which ended March 31, 2013, was $12.86 million, jumping 17 percent from $11 million in 2011-12.
 
Profit, Revenue Surge at India's Adani
15 May 2013
Adani Ports and Special Economic Zone Ltd., India’s largest port infrastructure developer, reported its net profit surged 47 percent year-over-year in fiscal year 2012-13, which ended March 31, 2013, to $300.25 million on a consolidated basis.
 
Shreyas Shipping to Launch India Coastal Feeder
15 May 2013
Shreyas Shipping and Logistics announced plans to launch a coastal container service between West India and South India.
 
Port of Chennai to Seek New Bids for Terminal
14 May 2013
India’s Chennai Port Authority plans to seek fresh proposals from all seven pre-qualified bidders for the construction of its long-planned third container terminal, currently estimated to cost Rs. 3,686 crore (approximately $682 million).
 
India's Gati Sells 40 Percent of Shipping Business
13 May 2013
Gati Ltd. has sold a 40 percent stake in its shipping subsidiary, Gati Ship Pvt. Ltd., to a strategic partner for Rs. 8 crore (about $1.5 million).
 
India’s Trade Deficit Widened in April
13 May 2013
India’s trade deficit in April totaled $177.87 billion, widening from a deficit of $140.41 billion in April 2012.
 
India OKs Port Projects in West Bengal, Andhra Pradesh
12 May 2013
India’s Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Shipping for setting up a new deep-draft port at Sagar Island in West Bengal through a public-private partnership.
 
Profit Slips at India's Gateway Distriparks
12 May 2013
Major Indian port-based logistics provider Gateway Distriparks reported its net profit fell 4 percent year-over-year in fiscal year 2012-13, which ended March 31, 2013, to $23.44 million on a consolidated basis, despite significant revenue growth.
 
Double-Digit Revenue Growth for Gati
10 May 2013
Gati reported its revenue in the third quarter of its fiscal year 2013, ending March 31, 2013, was 3.2 billion rupees (about US$57.8 million), improving 23 percent from $46.9 million in fiscal year 2012, ending March 31, 2012.
 
India Cuts Export Target
09 May 2013
The Indian Ministry of Commerce and Industry has scaled back its export target for fiscal year 2013-14 from an original estimate of $500 billion to $325 billion.