Page 2 - Cargo

SC rejects ArcelorMittal plea on arbitration in cargo handling dispute

Two-judge bench holds that trial court can consider application filed under Section 9 of the Arbitration Act by Essar against ArcelorMittal

SpiceJet doubles frequency of cargo flights to China

Air freight charges have gone up too and shippers are exploring trucking of export goods from Shanghai to alternate airports in China for onward carriage.

SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore

It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money

Adani Ports to expand cargo ops, eyes 500 million tonne throughput by 2025

Company enjoys a 25% market share of India's exim cargo, wants to ramp it up to 40%

Suez Canal blockade: Egypt demands $550 mn from Japanese cargo ship owner

Egyptian authorities are demanding 550 million US dollars in compensation from the Japanese owner of a cargo ship that blocked the Suez Canal for nearly a week in March

International air cargo handled during Oct 90% of its year-ago level: Puri

International air cargo handled in India during October was 90 per cent of its year-ago level, Civil Aviation Minister Hardeep Singh Puri said on Friday. "With our skies & airports busy facilitating more than 1.81 crore domestic passengers since May 25, 2020, another area which witnessed robust activity & growth is air cargo," he said on Twitter. India had resumed scheduled domestic passenger services from May 25 after a gap of two months due to coronavirus-induced lockdown. Scheduled international passenger flights continue to remain suspended in India since March 23. However, air cargo operations - national and international - have not been suspended this year. The air cargo data across the country has shown multiple green shoots, Puri said. Air cargo at Indian airports has increased from 1.55 million metric tonnes (MMT) in 2006-07 to 3.56 MMT in 2018-19. It faced a minor dip to 3.33 MMT during 2019-20 as a result of global downturn due to COVID-19, he said. "India's ...

India, Bangladesh looking to address logistics challenges for cargo: Irani

Union Minister Smriti Irani said various measures are being looked atto address the logistics challenges and reduce the turnaround time for seamless movement of cargo between India and Bangladesh

SpiceJet operates first ever long-haul cargo flight to Frankfurt

Airline major SpiceJet operated its first-ever long-haul cargo flight from Delhi to Frankfurt using wide-body Airbus A340 aircraft

Covid-19 pandemic altered air cargo business dynamics: AAICLAS CEO

Domestic freight traffic reduced by 74 percent and international freight traffic by 57 percent for the period April to June, 2020 vis--vis the same period last year

Air freight rates return to earth as virus-driven boom cools; airlines fret

About half of the air cargo carried worldwide normally flies in the belly of passenger jets rather than in dedicated freighters

Covid-19: Govt reduces penalty on uncleared airport cargo by half

However, customs dept feels move will only discourage importers and brokers from lifting their consignments and cause further congestion of ports

Delhi 'blinks green' as the fastest air cargo hub among India's metros

The colour-coded Customs dashboard is meant to help India break into top 50 ease of business club

Cargo handled by major ports in Apr-Oct almost unchanged at 405 mt: IPA

Ports -Deendayal, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar, V.O. Chidambaranar, Visakhapatnam, Paradip and Kolkata-- saw only 0.44% growth in cargo handled during the period

'Under FCA, CIP, CPT, seller must provide proof of cargo delivery to buyer'

In FCA/CIP/CPT, the seller is only required to provide proof that he has delivered the cargo to the buyer

Indo-Bangladesh Protocol to help push cargo, cruises on inland waterways

Protocol permits inland vessels of one country to transit through specified routes of the other

Major ports post muted growth as coal volumes slide 4% in Apr-Aug period

In corresponding period of FY19, coal cargo had risen by 11%; Overall throughput growth ports at 1.9%

Govt proposes 'red, amber, green' model to promote quick cargo clearance

Green indicates clearance of cargo within the World Bank's stipulated period and red a significant time overrun

Cargo, fuel demand hint at slow economic revival

Economic revival coupled with low base effect led to an increase in fuel demand

Customs clearing most cargo within 4-days at JNPT: John Joseph

Joseph advised exporters and importers to take advantage of DPD