Freight Shipping
Railways aims to boost MSME markets through DFC infrastructure project
Indian Railways has undertaken a mega-infrastructure project namely the Dedicated Freight Corridor (DFC), comprising Western Dedicated Freight Corridor (WDFC- from Dadri to Jawaharlal Nehru Port Trust 1506 Km) and Eastern Dedicated Freight Corridor(EDFC- from Ludhiana to Sonnagar-1337 Km) covering 2843 route Km in totality.This information was given by the Minister of Railways, Communications and Electronic & Information Technology, Shri Ashwini Vaishnaw in a written reply to a question in Lok Sabha.A total route length of 1610 Km (799 Km of EDFC and 811 Km of WDFC) has been completed out of total 2843 Km till October, 2022.In this regard, a pilot project for 'JPP' has been launched on 31.03.2022, by attaching a Parcel Van in Tapti Ganga Express (19045/46) between Surat and Varanasi.Joint Parcel Product (JPP) has been launched by Indian Railways in collaboration with India Post which aims to target business-to-customer (B2C) and business-to-business (B2B) markets focusing on ...
 "Railways aims to boost MSME markets through DFC infrastructure project")
Railways plans to launch Vande Bharat trains for freight operations
The Centre, in this fiscal year's Union budget, had laid out a target to roll out 400 Vande Bharat trains by the end of 2024-25
 "Railways plans to launch Vande Bharat trains for freight operations")
DFCC pins hopes on new Maharashtra govt approval for stuck freight corridor
Previous government had banned earthwork for project, following an order by Pune Bench of NGT
 "DFCC pins hopes on new Maharashtra govt approval for stuck freight corridor")
GE Shipping hits over 14-year high, stock zooms 83% thus far in 2022
For the April-June quarter (Q1FY23), GE Shipping reported a jump of 142 per cent in consolidated net profit at Rs 457 crore as against Rs 189 crore in Q4FY22.
 "GE Shipping hits over 14-year high, stock zooms 83% thus far in 2022")
Analysts bearish on Delhivery as volumes, integration costs weigh on Q1
Analysts, which expect improvement in the second half, are currently bearish on the stock
 "Analysts bearish on Delhivery as volumes, integration costs weigh on Q1")
Railways freight transport up 8% in July as it carries coal nationwide
The transporter has recorded 11 per cent increase in cumulative freight loading this financial year
 "Railways freight transport up 8% in July as it carries coal nationwide")
Northeast Frontier Railway records 28% growth in freight in Q1 FY23
NFR loaded 0.910 MT during the month of June, 2022. This is an increase of 7.9 per cent as compared to the corresponding period of last year, a spokesperson said on Monday
Taxpayers can now claim refund of IGST on ocean freight, say Experts
Indian importer is liable to pay IGST on the 'composite supply' in a CIF contract, a separate levy for the supply of services' by the shipping line would be in violation of ... the CGST Act: SC
 "Taxpayers can now claim refund of IGST on ocean freight, say Experts")
Recovery tracker: Mumbai traffic 90% back, gains for rail freight
Other indicators show strengthening revival
 "Recovery tracker: Mumbai traffic 90% back, gains for rail freight")
Recovery tracker: Power generation up to 3-week high, mobility spikes
The power generation recovered sharply week on week basis as a lull in monsoon rains raised temperatures across the country
 "Recovery tracker: Power generation up to 3-week high, mobility spikes")
Gain for shipping players as Baltic Dry index touches 10-year high
Shipping Corporation of India, Great Eastern Shipping, Tolani Shipping, and Essar Shipping are into bulk carriers along with other segment fleets in the domestic market
 "Gain for shipping players as Baltic Dry index touches 10-year high")
Railways registers higher cumulative freight loading till Feb 28 than FY20
Freight loading crossed 5 million tonnes on February 28, the ministry said
 "Railways registers higher cumulative freight loading till Feb 28 than FY20")
Weekly economic indicators: Delhi emissions slip, Mumbai traffic improves
Workplace visits are rising again
 "Weekly economic indicators: Delhi emissions slip, Mumbai traffic improves")
Exporters feel pinch as sea freight to US and Europe rises by 30-40%
The development comes at a time exports from India have started picking up and merchandise exports turned positive for the first time in the last seven months, growing 5.3 per cent
 "Exporters feel pinch as sea freight to US and Europe rises by 30-40%")
Air cargo biz seen recovering as exports rise, freight services increase
Bengaluru airport shows positive growth. Delhi and Hyderabad airports handle over 90 per cent of September 2019 volume
 "Air cargo biz seen recovering as exports rise, freight services increase")
Water transport: Still missing the link
It holds out great promise for improving India's logistics and therefore needs to be pushed aggressively
Revised Incoterms take effect from Jan
The latest revision retains the 11 delivery terms in the current Incoterms 2010 version. The only change being that Delivery at Terminal is being replaced with Delivery at Place Unloaded
 "Revised Incoterms take effect from Jan")
Shipping firms fail to encash fourfold rise in freight index
Hostile tanker indices could make debt servicing difficult
 "Shipping firms fail to encash fourfold rise in freight index")
