Cargo

GMR Hyderabad Air Cargo on Friday announced that it has secured the prestigious Customs Trade Partnership Against Terrorism (CTPAT) certification. CTPAT, a voluntary program led by U.S. Customs and Border Protection (CBP), is designed to strengthen the security of international trade by establishing a partnership between U.S. Customs and the trade community. A press release from GMR said this achievement underscores GMR Hyderabad Air Cargo's (GHAC) commitment to maintaining the highest standards of security in its operations and enhancing the security of the global supply chain, Pradeep Panicker, CEO GMR Hyderabad International Airport Ltd said The certification from CTPAT is a significant milestone for GHAC. This certification not only strengthens our security framework but also reinforces our commitment to provide world-class cargo services that meet the highest global standards. We look forward to continuing our work in creating a safe and efficient air cargo environment for our

With almost all major ports languishing with low traffic levels, the funds will go a long way towards expanding cargo capacity and improving port facilities

The CBIC on Friday said it has reduced compliance burden for customs cargo service providers (CCSPs) by reducing number of days for insurance of stored goods and removing licence renewal process for AEO-compliant entities. In a statement, the Central Board of Indirect Taxes and Customs (CBIC) said these measures aim to reduce operational costs and compliance burdens for CCSPs, that play a crucial role in handling of imported and exported goods. It would also improve efficiency of EXIM operations and facilitate global trade. The CBIC has notified reduction in the number of days for insurance of stored goods by amending the Customs Areas Regulations, 2009, which require CCSPs to insure goods stored in Customs areas for a period of 10 days in terms of Handling of Cargo. It has been notified to reduce it to 5 days as a trade facilitation measure. "This will enhance the cash flow for the entities by reducing the cost," the statement said. Separately, the CBIC has also notified that CCS

Movement of people and trade between India and Bangladesh are limping back to normalcy 2 months after latter's political upheaval. The first of a two-part series is a ground report from Petrapole

If the transaction goes ahead, this will be the second largest investment by Hero in an electric vehicle (EV) maker

Concor had initially launched coastal shipping services in January 2019 but the services were halted in 2020 due to the Covid-19 outbreak

Hong Kong-based Cathay Cargo is looking to expand in India and wants its freighter planes to be allowed to "co-terminate" while flying between multiple destinations within the country under the open sky framework, a senior company official said. Under the open sky policy, the Indian government allows several foreign cargo carriers to operate from all international airports so as to fast-track movement of goods, especially to push exports of perishable items. "Open sky policy is positive for India," said Tom Owen, Director, Cargo, Cathay Cargo. "...What we (would) also like to see in addition to that is the ability to co-terminate our flights. We like to fly into Delhi and then fly to Kolkata and then fly back to Hong Kong. So we can pick up on two places," Owen told PTI in an interview. He said the company is upbeat on India's economic growth and "we are very keen to grow more in India". Cathay Cargo can "redeploy the capacity to help the country respond to the needs of the market

Pioneer vessel appears to stop next to another LNG ship in an apparent ship-to-ship transfer

Pioneer vessel appears to stop next to another LNG ship in an apparent ship-to-ship transfer

Cargo traffic at 12 major ports in the country grew 5.92 per cent to 70.08 million tonnes (MT) in July from 66.17 MT handled in the year-ago period, according to the data released by major ports' apex body Indian Ports Association. The data also showed that 10 of these major ports logged positive growth in cargo traffic handling, while the remaining two saw a negative growth, as per the IPA. The 12 major ports are Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (VO Chidambaranar), Visakhapatnam, Paradip and Kolkata (including Haldia) and Jawaharlal Nehru Port. In July, IPA said Cochin Port registered the maximum cargo growth at 24.77 per cent, followed by Visakhapatnam Port (10.80 per cent) and JN Port (9.07 per cent). Chennai Port handled 8.89 per cent more traffic compared to July 2023, while cargo traffic at Deendayal Port and V O Chidambaranar Port grew 7.13 per cent and 6.74 per cent, respectively. Similarly, Paradip Port lo

For imports, the study has noted that, out of the 15 ports covered under the purview of the study, 9 ports have witnessed a reduction in the average release time in 2024 vis-a-vis the previous year

To tap the potential of the country's air cargo sector, the focus should be on further improving processes as well as ensuring faster turnaround time, a senior government official said on Thursday. The government is working on developing logistics hubs. Piyush Srivastava, Senior Economic Advisor at the Ministry of Civil Aviation, said the air cargo sector has a bright future and the number of freighters in the country is expected to rise. Currently, Indian carriers have around 18 freighters. There will be a focus on further improving the ease of doing business and faster turnaround time in the air cargo sector, he said while speaking at the conference organised by the ACFI (Air Cargo Forum India) in the national capital. While passenger traffic has recovered after being hit by the coronavirus pandemic, air cargo is yet to fully recover to the pre-Covid levels. In 2023-24, the air cargo handled in the country was a little over 3.36 million tonnes. Surendra Kumar Ahirwar, Joint ..

Latter's narrowbody aircraft do not offer adequate space

Coal cargo falls by nearly 8 per cent on cooler April in north, west India

Shetty, the logistics leader who lives where Rajesh Khanna once did, takes Dev Chatterjee through his life that started at the docks, with some cinematic stopovers

Iranian foreign minister Hossein Amir-Abdollahian has said that Tehran will "soon" allow Indian authorities to meet 17 Indian crew members of a cargo vessel that was seized by Iran's military near the Strait of Hormuz on Saturday. Amir-Abdollahian conveyed this to External Affairs Minister S Jaishankar during a telephonic conversation on Sunday, according to an Iranian foreign ministry readout. It said Amir-Abdollahian also apprised details of Iran's "legitimate defence" and punitive measures against the Israeli regime, in a reference to Tehran's missile and drone attacks on the Jewish nation. The Iranian foreign minister urged the Indian government to maintain its active role through international bodies, including the United Nations Security Council, to halt the war in Gaza as it is at the core of the current crisis in the region, the readout said. In the talks, Jaishankar called for the release of the Indians onboard the Portuguese-flagged cargo vessel MSC Aries. The Indian for

At the center of the legal fallout will be Singapore-based Grace Ocean, owner of the container ship Dali that crashed Tuesday into the Francis Scott Key Bridge at the start of a voyage

SpiceJet's cargo arm SpiceXpress on Thursday said it has partnered with Bengaluru-based Star Air to manage the belly space capacity for carrying cargo in Star Air's fleet. The Kolhapur-headquartered Sanjay Ghodawat Group-owned Star Air has a fleet of nine Embraer planes, operating across 20 domestic destinations. This collaboration underlines SpiceXpress's commitment to expanding its reach and strengthening the domestic air cargo infrastructure, SpiceJet said in a statement. Under the collaboration, Star Air will significantly enhance SpiceXpress's domestic network, incorporating nine new destinations, it said, adding, the three-year agreement, extendable by mutual consent, establishes a foundation for seamless cooperation between the two companies. These destinations are Belagavi, Bhuj, Kalaburagi, Kishangarh, Kolhapur, Jamnagar, Jodhpur, Nagpur, and Shivamogga. With this, SpiceXpress' domestic network will increase from 39 to 48 destinations helping the company strengthen its ..

Indian airlines have carried more domestic freight in recent months but are losing ground to foreign rivals

The Union Cabinet on Friday approved the proposal to declare Surat airport as an international airport. "This strategic move promises to unlock unprecedented economic potential, making Surat a key player in the international aviation landscape and fostering a new era of prosperity for the region," an official release said. The decision was taken by the Cabinet chaired by Prime Minister Narendra Modi. "Elevating Surat airport to international status is paramount for enhancing economic growth, attracting foreign investment, and bolstering diplomatic ties. With a surge in passenger traffic and cargo operations, the airport's international designation will provide a crucial impetus for regional development," the release said.