APM Terminals Pipavav set a record of handling 250 box rakes (both import and export) in February 2013, more than 224 box rakes handled in December 2012. The port management attributed this record to the commissioning of its 3 RMGC and the resumption of double stack operations besides the continued dedication of its workforce
Tag: Freight
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Assocham wants govt to allow Railways to refine oil
In order to immunize the finances of Indian Railways from the diesel price hike, industry body Assocham asked government to allow the public sector undertaking to import and refine its own crude oil. By importing and refining crude oil by itself, the Indian Railways can avoid paying about 20-25 percent sales and other local taxes on diesel. The Railways, run as a
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Container throughput at Amingaon ICD may remain flat
The Amingaon inland container depot (ICD) in Guwahati may handle around the same number of containers in 2012-13 as last year, reports suggest. The ICD handled 2,600 twenty foot equivalent unit (TEUs) totaling 40 rakes in 2011-12. So far in 2012-13, the
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CMA CGM hikes freight rates
Effective March 3, shipping firm CMA CGM decided to raise freight rates on its trade from northern Europe to India and Pakistan. The firm would raise the tariff by $150 per 20-foot dry container and $200 per 40-foot dry container. Effective March 15, the ocean carrier will hike rates from all Asian ports to the east and west Mediterranean and Black Sea by $65
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Hapag-Lloyd, Zim change service route for India
Shipping lines like Hapag-Lloyd and Zim, the Israeli line announced changes in their service route to India. While the German container line Hapag-Lloyd proposes to expand its China-India service with the intro
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Hapag-Lloyd, Zim change service route for India
Shipping lines like Hapag-Lloyd and Zim, the Israeli line announced changes in their service route to India. While the German container line Hapag-Lloyd proposes to expand its China-India service with the intro
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JNPCT set to handle more containers in FY13 than last year
Reports suggest that the Jawaharlal Nehru Port Container Terminal (JNPCT) is set to achieve higher throughput of container cargo in 2012-13 compared to last year. So far in 2012-13, the terminal handled over 1-million Twenty Foot Equivalent Unit (TEU) of throughput. In anot
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Net profit of Essar Shipping declines
Net profit of Essar Shipping declined to Rs 17.85 crore during Oct-Dec 2012 from Rs 48.65 crore in the corresponding period of last year because of higher costs and low crude freight rates in crude oil transportation. The firm reported revenue of Rs 792.66 crore, EBIT0
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Fimi wants uniform freight rates
Federation of Indian Mineral Industries (Fimi) wants the railways to charge uniform freight rates on iron ore. It is learnt that the the railways increased freight nine times between February 2010 and March 2012. Today, it is about four times the domestic freight for iron ore (Rs 2,600 a tonne
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SCI raises container freight rates
Starting February 2013, Shipping Corporation of India (SCI) decided to raise the freight rate on container cargo by 300 per Twenty Foot Equivalent Unit (TEU). The company raised the rate for ISE Service (Indian Subcontinent to Europe) applicable for the shipments from Indian Sub-continent to Europe, Mediterranean, Black Sea & Red Sea