India

India

27 May 2015
Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs. 4.32 crore ($675,000) in the previous year.
26 May 2015
Trucking and logistics giant Transport Corporation of India said across-the-board gains in freight volumes helped drive consolidated net income up 13.6 percent year-over-year in fiscal year 2014-15, which ended March 31.
25 May 2015
Krishnapatnam Port Container Terminal, an emerging alternative gateway on India’s southeastern coast, last week celebrated the first vessel call of the Chennai-Colombo-Gulf (CCG) service, a weekly intra-regional loop operated jointly by Simatech Shipping and Evergreen Line
25 May 2015
Container shipping lines are enjoying strong westbound traffic growth to South Asia and the Middle East, giving carriers a ray of hope at a time when the shared trunk services from Asia to Europe are struggling, Drewry reported.
22 May 2015
Strong gains across multiple segments, especially international cargo activity, helped India’s Allcargo Logistics deliver impressive earnings results in the fiscal year ended March 31.
21 May 2015
Shipping Corporation of India swung to $31.5 million net profit in fiscal year 2014-15, which ended March 31, from a $43.2 million loss in the previous year, driven by continued cost-cutting and improved freight earnings that helped compensate for a marginal decline in operating revenue.
18 May 2015
India’s exports got off to a disappointing start in fiscal year 2015-16, with shipments to the rest of the world in April — the first fiscal month — recording a 14 percent year-over-year decline, according to preliminary trade figures released by the Ministry of Commerce and Industry.
14 May 2015
Blue Dart Express, India’s leading air express and logistics services provider, reported its net earnings in fiscal year 2014-15, which ended March 31, remained relatively flat compared to the profit in the previous year, despite significant revenue growth.
14 May 2015
India produces about 30 percent of the world’s bananas, but poor post-harvest facilities and cold chain infrastructure means less than 1 percent make it to foreign markets. However, one fresh produce company, Pick N Serve Foods, is finding huge potential in exports, particularly to markets in Oman, Dubai, Qatar and Kuwait.
13 May 2015
India's federal government awarded 10 new public-private partnership port development contracts in fiscal year 2014-15, which ended in March.
11 May 2015
Logistics providers in India’s Nhava Sheva Port complex reported a “system outage” temporarily disrupted truck traffic at Jawaharlal Nehru Container Terminal Sunday late afternoon, adding to inland infrastructure woes that had already been building there in the past year.