Page 2 - Cargo Industry

India's sea cargo tonnage near pre-pandemic levels

Reaching the pre-pandemic levels in exports and imports, even in volume ter­ms, is no mean achievem­ent

Allcargo group firm Gati Ltd looks to become Rs 3,000-cr company in 3 years

It has identified three areas, including talent acquisition and building infrastructure, to achieve the target

Cargo insurance premiums up 33%; second fastest after personal accident biz

This is significant as the cargo insurance market had declined by close to 8 per cent in FY21

SpiceJet's plan to hive off cargo business faces challenge from creditors

In its interim order, the Delhi HC has restrained SpiceJet from alienating the assets

SpiceJet gets shareholders' nod to transfer logistics biz to subsidiary

Besides, the shareholders have cleared the proposal to raise up to Rs 2,500 crore through the Qualified institutional placement (QIP) route.

Tube Investments to launch electric 3-wheeler passenger vehicles by March

Following this, TII will gradually look into the cargo segment, scooters and e-rickshaws

Govt to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping cos

The Union Cabinet approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo

Global air cargo up 9.4% compared to pre-Covid levels in May: IATA

Global demand measured in cargo tonne kilometres was up 9.4 per cent compared to May 2019, the International Air Transport Association has said

International travel stagnant, cargo demand solid: Airlines' group

Only 1.3 million international passengers flew on the region's carriers in May, representing just 4.3 per cent of the volumes carried in the corresponding month of 2019.

SpiceJet, IndiGo ready for new war zone as cargo biz continues upward swing

Analysts remain sceptical on the profitability from freighter business

Airbus targets Boeing's freight fortress with A350 cargo jet: Report

PARIS (Reuters) - Airbus is canvassing airline support for a potential freighter version of its A350 passenger jet, targeting a key stronghold of U.S. rival Boeing as e-commerce lifts demand for transported goods, people familiar with the matter told Reuters.

IndiGo eyes air cargo market, in talks with Airbus for freighters

To acquire five A321 planes initially, target China, west Asia

Global air cargo demand recovers to pre-Covid levels: Global body IATA

IATA has released January data for global air cargo markets

Gati-KWE to set up 150,000 sq ft surface transhipment centre in Delhi

The facility has been conceptualised to achieve economy of scale and provide unparalleled customer service

SpiceJet posts Rs 67 cr net loss in Q3 vs Rs 78 cr profit a year ago

While revenue from operations halved, SpiceJet gained due to Rs 209 crore of other income, including claims due from Boeing towards grounding of 737 Max and concessions in lease rent from lessors

SpiceJet adds two wide-body aircraft to its cargo fleet for long haul

SpiceJet has added two wide-body planes, a B767 and a A330 model, to its cargo fleet to transport items

Public hearing on Adani's revised master plan for Kattupalli port deferred

The company applied for environmental nod for a Rs 4,000 cr port and harbour project that is part of a Rs 53,400 cr master plan

Cargo clearance remains a long haul for importers; industry seeks relief

Industry says goods originating from least-developing countries but routed through some other country are not getting the preferential duty benefit

Global cargo logjam deepens, delaying goods bound for retailers, automakers

A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening pandemic has upended normal trade flows

What happens when business tycoons abandon their giant cargo ships

Covid-19 has wrought havoc everywhere, but in the nominally regulated shipping industry it's fueling a worrying practice: the abandonment of ships, cargo and seafarers with no way to get home