India can save over Rs 3.33 lakh crore on lower logistics costs
These savings can be achieved if the logistics costs are brought down to 9% from 14% of the country’s GDP. India can save up to $50 billion (around Rs 3.33 lakh crore) if logistics...
Category: Shipping/Logistics
Government to track freight containers movement via smart chip
The government is set to kick off an ambitious scheme to track the movement of freight containers through a smart chip as it looks to speed up cargo movement and decongest ports. In the...
Long Beach cargo volumes up 6% in first quarter
Cargo shipments at the Port of Long Beach were up 6.1% for the first three months of 2016 compared to the same period last year, starting the year off strongly. Lifted by big gains...
Mormugao Port handles 20.78 mt Cargo during FY 2015-16
Mormugao Port handled 20.78 million tonnes (mt) cargo as compared to 14.71 mt handled during corresponding period of last year, an increase of 41 %. The traffic during the year mainly consisted of 3.57...
Govt. lowers freight target for Major Ports
The Government has scaled down the freight handling target of Major Ports for the year 2016-17 after they failed to achieve 695 million tonnes (mt) set by the Shipping Ministry for 2015-16 as a...
Paradip port planning to increase cargo handling capacity
Buoyed by an all-time record cargo handling of 76.38 million tonnes (mt) in 2015-16, Paradip Port Trust (PPT) plans to raise capacity from 118.50 mpta to 325 mpta by 2025 to become the country’s...
Visakhapatnam port handles 57.5 mt of cargo
The Visakhapatnam port has handled 57.5 million tonnes (mt) of cargo during 2015-16 financial year, a little less than 58 mt handled during the previous year, according to sources. The sources said on Friday...
Krishnapatnam Port eyes 100 mt cargo capacities by FY21
Krishnapatnam Port Company is looking at expanding its cargo handling capacity to 100 million tonnes (MT) by the end of this decade. Chief Executive Officer (CEO) and Director Anil Yendluri said recently, “We are...
Allcargo to set up Logistics Park in Jhajjar, Haryana
Allcargo Logistics Limited has in-principle approved setting up a Logistics Park in the Jhajjar District of Haryana. The facility is expected to be operational by 2018, subject to necessary regulatory approvals and rail connectivity....
Govt. eyes INR 25k cr annual savings through Coastal Shipping
Government is eyeing annual savings of INR 25,000 crore on logistics costs by 2025 by promoting Coastal Shipping under its ambitious Sagarmala project. Sagarmala aims at promoting port-led development by harnessing the country’s 7,500-...
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