APM Terminals Pipavav has partnered with Contrans Logistics to develop a state-of-the-art warehousing facility in the proximity of the port. The logistic park will offer a modern warehousing facility and customized logistics solutions, APMT said in a statement. The multi-modal logistics park will support international and domestic storage requirements and several value-added services to customers. It offers connectivity with international and coastal shipping routes, access to the Indian rail network through the dedicated freight corridor (DFC) and connects to the evolving road network in Gujarat and the northern hinterland. The MMLP was inaugurated by Birna Osk, chief ..
Read More »Allcargo Logistics to acquire 90% stake in Madanahatti Logistics
Allcargo Logistics announced that it has entered into a securities purchase agreement (SPA) with BRE Asia Urban Holdings to acquire 90% equity share capital and optionally convertible debentures (OCDs) of Madanahatti Logistics and Industrial Parks. Madanahatti Logistics and Industrial Parks was incorporated on 6 December 2018. It is engaged in the warehousing leasing and management business. The company reported a turnover of Rs 3.05 crore for the financial year ended 31 March 2022. The company stated that the acquisition aligns with real estate business being demerged into TransIndia Realty & Logistics Parks and is a strategic fit with future plans. The company will acquire 5,40,000 shares or 90% of the equity shareholding of Madanahatti Logistics for a cash consideration of Rs 6.36 crore and 1,07,78,147 Class A OCDs for Rs 17.60 crore.
Read More »Qatar Airways Cargo, iNOMAD unite to enhance digital efficiency
Qatar Airways Cargo has partnered with iNOMAD, a Korea-based cutting-edge air cargo platform, to enable better connectivity for one of the airline’s major customers in South Korea, Woojung Air and also help the airline increase its footprint in South Korea as SMEs operating with Woojung Air will be able to compare Qatar Airways Cargo’s offerings on the iNOMAD portal. Woojung Air is a prominent consolidator in South Korea and one of the top customers of Qatar Airways Cargo. Guillaume Halleux, Chief Officer Cargo at Qatar Airways said, “Digital transformation is high on our agenda as part of our VISION 2027 and Next Generation Strategy. The integration and partnership with iNOMAD brings multiple benefits to our customers in South Korea such as enhanced visibility of our capacity, rates as well as real time confirmation of their shipments. Customers can benefit from instant access to these features at their fingertips and that is the huge advantage digitalisation brings in.” Joon-suk Yim, the CEO of iNOMAD, said, “Its strength is to promote the accessibility of air cargo service by optimizing extensive logistics data for clients and provide boundless service and information to both IATA/CASS members and non-members in real-time. Developing this business, we are grateful and proud to start a new partnership with Qatar Airways, a top-tier airline, that can provide us with vital information in expanding our logistics service.” He also added, “We aim to become a search engine for the air logistics field in which clients can check the information they need in real-time, regardless of time and place. We thus plan to do our best to nourish our customized services to build a stronger partnership, cherishing the meaningful opportunity to …
Read More »Acquisition to expand global cargo and logistics business
IBS Software has announced the completion of a transaction to acquire Accenture Freight and Logistics Software, which provides technology platforms to help airline and ocean transportation companies manage freight operations and grow through digital transformation. The acquisition will strengthen IBS Software’s leadership as a technology provider to the airfreight industry by bringing together complementary solutions and a shared vision for innovating and transforming the air cargo businesses, a company spokesperson announced. VK Mathews, Executive Chairman of IBS Software, said the acquisition is an important milestone for the company’s cargo and logistics business in its bid to broaden its global footprint, with ocean transportation being a natural adjacent industry to expand into. “It is also a synergistic opportunity to bring decades of our experience and expertise to the ocean cargo business, as well as strengthen our own capabilities to provide greater value to the air cargo customers.”
Read More »Kenya Airways Cargo to expand freighter fleet with two B737-800Fs
Kenya Airways Cargo is looking to expand its freighter fleet following the success of its cargo-only flights during the Covid pandemic. Speaking at an event, Kenya Airways’ cargo director Dick Murianki said the carrier would initially look to add to its existing short-haul freighter fleet, which currently consists of two B737-300Fs. Murianki said that the carrier was hoping to add two B373-800Fs, which have better range and can reach further afield than the existing freighters. “They can go from Nairobi to the Middle East and India and even have the range to reach Istanbul and southern Europe carrying around 20 tonnes,” he explained. He said that once the two B737-800Fs are in place, the carrier would then examine long-haul freighters. On the reasoning behind the freighter investments, Murianki said that during the Covid crisis the airline had expanded its cargo operations using its passenger aircraft. “We developed a customer base during the Covid time that is yearning for more, especially to the Middle East and India,” he said. Kenya Airways chief executive Allan Kilavuka also added that two B787-9 Dreamliners had been used on cargo-only flights to long-haul destinations in China and Europe during the pandemic, with each aircraft able to carry around 50 tonnes per flight.
Read More »LF Logistics gets 5 lakh sq ft warehousing space in NCR
Asian consumer logistics experts LF Logistics, a subsidiary of a shipping, energy, and logistics conglomerate Maersk, has taken up warehousing space in the National Capital Region (NCR) sprawling 5 lakh square feet (sq ft). Located in Horizon Industrial Parks in Farukh Nagar, the company will use this facility to fulfil commitments from northern India. “LF Logistics has extensive Asia experience in delivering end-to-end logistics solutions. We are keen to bring this experience to India and transform the logistics landscape with quicker turnaround times. We are pleased to join hands with Horizon Industrial Parks in Farukh Nagar, to cater to the growing needs of our customers in North India,” said Prem Ramachandran, Head of India, LF Logistics. Rahul Pandit, CEO-Horizon Industrial Parks, added that a company of such a scale and an appetite to grow fast in India required a partner who would collaborate and be agile for proactive execution and timely delivery.
Read More »DCBA organises free Eye Check Up Camp for drivers at ICD
Delhi Customs Brokers Association (DCBA) along with Rotary Club of Vaishali and Icare Eye Hospital, Noida organised a Free Eye Check Up Camp & Distribution of Free Spectacles for valid driving license holders at the Transport Building of ICD TKD, New Delhi, from February 14 to February 16, 2023. The Eye check-up camp was successfully concluded with around 200 drivers of various transport/logistics companies availing of this facility. Commenting on this welfare programme for the larger interest of the exim trade and logistics industry Puneet Jain, President, DCBA said, “Our association is duty-bound to accelerate the growth of the Exim trade of the country supported by seamless transport & logistics services. The ambitious PM Gati Shakti National Masterplan has put huge impetus on logistics operation with required speed and support system in place. Accordingly, it is of utmost importance for the industry to take care of the health of the drivers for safe transportation. The free Eye Check Up & Free Spectacles for valid driving license holders is one of the ongoing initiatives of DCBA collaborating with Rotary Club of Vaishali, which would encourage the industry stakeholders and more NGOs to come forward to help the drivers/wheels of logistics industry to facilitate foreign trade of the country.” Adding further Devendra Singh Bhadoria, Hony. Secretary, DCBA stated that the event, which was held on the Golden Jubilee year of the Association, has been very successful in terms of its objective of reaching out the needy truck drivers who are the vital elements of the entire supply chain/logistics operations. Delhi Customs Brokers Association, being a part of the end-to-end logistics industry, is committed to work for the wellbeing of the truck drivers …
Read More »DoKaSch, All Nippon sign deal for temp-controlled transports
All Nippon Airways (ANA) and DoKaSch Temperature Solutions have signed a Master Rental agreement under which the German expert in active temperature-controlled packaging solutions will now supply its Opticooler containers to ANA’s PRIO PHARMA, a pharmaceutical-specific product, and PRIO TEMP, a temperature-controlled product for non-pharmaceuticals. By combining ANA’s extensive global network with the Opticooler’s exceptional reliability and safety, Japan’s rapidly expanding pharma and biotech industries receive more crucial and life-saving access to secure cold chains. Dai Yuasa, Vice President of Global Marketing, Cargo Marketing & Services, All Nippon Airways said, “Securing cold chains are becoming increasingly relevant as Japan’s pharma and biotech industry is growing strong. By introducing the active temperature-controlled Opticooler and with very high level of reliability and safety, we would like to enhance our service level to meet our valued customers’ increasing demand to secure cold chains.”
Read More »Asia Cargo Network begins Bahrain operations
Southeast Asian air cargo charter services provider Asia Cargo Network (ACN) has teamed up with Bahraini aviation services provider MENA Aerospace to begin operations out of Bahrain. The partnership is operating under the MENA Cargo brand (the cargo subsidiary of MAE Aircraft Management, itself the aircraft and management division of MENA Aerospace), with flights managed by ACN on its Bahraini air operator’s certificate, said the Bahrain Economic Development Board. ACN invested $135m to acquire a 49% stake in MAE Aircraft Management in 2022. The joint venture (JV) started with two Boeing 737-300 freighters and there are plans to add five more aircraft (B737-800Fs and B767-300Fs) by the end of 2023. Additionally, the JV plans to develop an extensive network of cargo flights across the region. On delivering the first aircraft to MENA Cargo Airlines in late 2022, ACN said: “Cargo routes will extend to Dubai, Iraq, Kuwait and Sudan from Bahrain International Airport five times per week and [are] expected to carry an average of 16 tons per flight.” MAE Aircraft Management managing director Iman Marco said that the Kingdom of Bahrain’s advanced infrastructure, and its strategic location at the crossroads between Asia, Africa, and Europe, will play a vital role in ACN’s growth plans to expand and serve its customers in the MENA region and beyond. Ahmed Sultan, executive director for business development of manufacturing, transport and logistics at the Bahrain Economic Development Board, highlighted the Kingdom’s competitive advantages such as its free trade agreements with 22 countries, attractive operating costs for logistics businesses, “superb” infrastructure, and connectivity by air, land and sea.
Read More »Blackstone may build warehouse for Amazon India in Delhi
Blackstone Inc. is building a built-to-suit warehouse for Amazon India in Delhi, the first in-city fulfillment centre for the e-commerce giant in the national capital, sources said. The warehouse is spread over an area of 500,000 sq ft, and Amazon has signed a 20-year lease with Horizon Industrial Parks, the entity under which the US-based asset manager has housed its logistics assets in India. According to official reports this is the first-ever built-to-suit arrangement between Amazon and Blackstone anywhere in the world. The facility is expected to be ready by October. A spokesperson for Amazon India said, “We are always adjusting our network to best fit our business needs and improve the experience for our employees, associates, and customers. However, we do not comment on what we may or may not be doing in the future,” said reports.
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