State-owned rail operator Container Corporation of India has slashed its charges for the movement of empty containers between Chennai Port and Bangalore, providing some respite for shippers struggling with port delays and ocean carrier surcharges.
Port of Chennai
Port of Chennai
30 Apr 2015
Strong growth across multiple segments, especially intermodal, helped India’s Gateway Distriparks Ltd. deliver impressive results in fiscal year 2014-15, which ended March 31.
31 Mar 2015
The Chennai Port Authority, India’s second-largest state-owned container gateway, is poised to reach a record throughput volume in fiscal year 2014-15, which ends March 31, the latest port statistics collected by JOC.com reveal.
18 Mar 2015
Publicly owned major ports in India reported healthy levels of container throughput growth during April 2014 to February 2015, the first 11 months of fiscal year 2014-15, compared to the volumes in the previous year, according to the latest provisional figures compiled by JOC.com.
25 Jan 2015
Only 60-70 percent of India’s port capacity was currently being utilized, and that issue should be addressed before the country embarked on ambitious new port projects, according to Visakhapatnam port chairman M.T. Krishna Babu.
11 Dec 2014
The number of containers handled at major ports in India climbed 8.32 percent year-over-year from April through November, the first eight fiscal months, continuing an accelerating growth trend that leaves state-owned port authorities on track to meet annual throughput targets.
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.
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.