Container Cargo

Indian Railways plans 23 new container terminals to enhance cargo movement

The container terminals will be spread across various states, including five in Maharashtra, four in Tamil Nadu, three in Rajasthan, and two each in Delhi and Haryana

Ocean freight rates increase for first time since July, shows data

Drewry World Container Index up 4% ahead of Christmas, New Year rush

JNPA records highest ever monthly container traffic in Aug as exports surge

The port surpassed the previous highest of 603,217 TEUs handled in July 2024

Container traffic at ICTT Cochin decreases 7% to 73,376 TEUs in July

Container traffic at DP World-operated International Container Transshipment Terminal (ICTT) at Cochin fell 7 per cent to 73,376 TEUs in July as compared to the previous month, the company said. The ICTT handled 79,044 twenty-foot equivalent units (TEUs) in June, the company said in a statement. This was, however, for the third consecutive month that the container handling at the facility stood at more than 72,000 TEUs, it said. DP World's ICTT provides mother vessel (mainline) connectivity to the Far East, Southeast Asia, Middle East, Europe/Mediterranean, and Singapore.

Container Corporation of India Q1 results: Net profit rises 5% to Rs 258 cr

Consolidated net profit rose to Rs 258 crore ($30.7 million) for the quarter ended June 30, from Rs 246 crore a year ago

Container traffic rises 6.2% at Jawaharlal Nehru Port during FY24

Container traffic at Jawaharlal Nehru Port rose by 6.2 per cent year-on-year to 6.43-million TEUs (Twenty-foot Equivalent Units) in 2023-24, port authorities said on Tuesday. JN Port handled 6.05 million TEUs in the year ended in March 2023. In terms of volume, Jawaharlal Nehru Port handled 85.82 million tonnes of cargo in 2023-24 against 83.86 million tonnes a year ago, a growth of 2.3 per cent, JNPA said. The total traffic handled by the Port in FY24 includes 78.13 MT of container cargo and 7.70 MT of bulk cargo as against 76.19 MT and 7.67 MT, respectively, in the earlier fiscal, JNPA said.

Container Corp posts Q3 profit at Rs 331 crore on growing cargo volumes

The state-owned company reported a consolidated net profit of 3.31 billion rupees ($39.8 million) for the quarter ended Dec. 31, up 12% from last year

Firefighters still working to put out deadly Bangladesh container blaze

The death toll could rise as some of the injured are in a critical condition, said Chittagong civil surgeon Mohammed Elias Hossain.

Cargo handling by Essar Vizag port up by 10% YoY to 1.3 mn tonnes in Apr

Surge in traffic marks the uptick in Indian steel sector, a major contributor to India's manufacturing output

Container Corporation of India Dec-quarter net rises 24% to Rs 276 cr

The company had clocked a net profit of Rs 225.66 crore in the corresponding quarter a year ago

Customs Dept launches three digital initiatives at ICD Tughlakabad, Delhi

These are: online facility for scheduling examination of import cargo, scanner for non-intrusive examination of unaccompanied baggage, and customs clearance work on Sunday and public holidays

Govt likely to reintroduce the TMA scheme for farm exporters

A person aware of the matter said that the decision was taken in a meeting on 'export logistics Issues and their resolution'

JNPT's cargo volumes reach pre-Covid levels in April-July period

Compared to 2020-21, when cargo volumes were at 11,92,165 twenty-foot equivalent units (TEUs), during April-July, the rise was around 50.8 per cent

JNPT's container cargo traffic rises 65.38% in May at 454,385 TEUs

Container cargo traffic at Jawaharlal Nehru Port Trust (JNPT) recorded a 65.38 per cent growth in May at 4,54,385 TEUs (twenty-foot equivalent units) over 2,74,755 TEUs in the same month last year

Container shortage eases, waiting time at ports down: Govt official

The shortage of containers has been eased with 58 per cent additional exports being managed in March year-on-year

Egypt seizes Suez Canal ship 'Ever Given' pending $900 mn compensation

Company that owns vessel says the crew is still on board the ship, which is now in Great Bitter Lake, about halfway along the canal.

Received no compensation claims: Japanese owner of Ever Given ship

UK P&I Club has said that it was the protection and indemnity insurer for the Ever Given

Severe container shortage pushing up exporters' cost of doing business

This is an unusual imbalance caused by the lag in the revival of domestic demand following the Covid-19 lockdown

Global food trade has been upended by a pandemic-driven container crisis

India, the world's second-largest sugar producer, exported only 70,000 metric tons in January, less than a fifth of the volume shipped a year earlier

How China's growing appetite for containers is upending global food trade

The core issue is that China, which recovered faster from Covid, revved up export economy and is paying premiums for containers, making it more profitable to send them back empty than to refill them