kalllppaanaaa

JNPT handles highest container volume of 527,792 TEUs during March 2021

Jawaharlal Nehru Port Trust (JNPT) has registered a throughput of over 4.7 million twenty-foot equivalent units (TEUs) in container handling as against 5.03 million TEUs during FY 2020. The total traffic handled at JNPT during the Financial Year 2020-21 is 64.81 million tons as against 68.45 million tonnes in FY 2019-20. The total container traffic handled in March 2021 stood at 527,792 TEUs, which is the highest container volume handled in a month, since inception. The total traffic handled at JNPT during the month of March-2021 is 7.33 million tonnes as against 5.93 million tonnes in March 2020, which is 23.53 per cent higher than the total traffic over the same month of last year. Major improvement in average turnaround time of all vessels by 2.62 per cent i.e from 29.42 hrs to 28.64 hrs as well as for container vessels by 2.01 per cent i.e from 25.82 hrs to 25.30 hrs from Pilot Boarding to De-boarding in FY 2020-21 in comparison with FY 2019-20. JNPT has five container terminals, taking an overview of the numbers terminal wise, APM Terminals Mumbai (GTI) handled 1.66 million TEUs, DP World NSIGT with 0.78 million TEUs, DP World NSICT with 0.75 million TEUs and the Port owned JNPCT with 0.54 million TEUs. The Newly developed BMCT handled around 0.93 million TEUs during the FY 2021. NSICT and BMCTPL have recorded 41.33% and 15.36% growth in FY 2020-21 in comparison with FY 2019-20 respectively. JNPT BPCL Liquid Cargo Terminal handled highest LPG during FY 2020-21 of 1.04 million tonnes from 70 vessels which is 22.35% higher as compared previous highest of 0.85 million tonnes from 57 vessels in FY 2019-20. JNPT also handled 6,097 …

Read More »

March exports shows double digit growth of 58.50%, clocking US$ 34 billion compared to March 2020

Reacting to March 2021 export figures, Sharad Kumar Saraf, President, FIEO, said. “The monthly exports showed a whooping double digit growth of almost 58.50 percent clocking USD 34 billion compared to March 2020, showing not only impressive signs of further revival for the sector but for overall economy as well. This has been mainly on account of 28 out of 30 major product group of exports showing either a very impressive high positive growth starting with triple digit and almost all ending with a very high double digit growth defying all the odds during these difficult times.” FIEO President added that the exports of other cereals, oil meals, iron ore, Jjute mfg. including floor covering, carpet, electronic goods, gems and jewellery, engineering goods, cereal preparations and miscellaneous processed item, rice, spices, cotton yarn/fabrics/made-ups, handloom products etc., meat, dairy and poultry products, ceramic products and glassware, drugs and pharmaceuticals, organic and inorganic chemicals, plastic and linoleum, handicrafts excl. hand-made carpet, marine products, man-made yarn/fabrics/made-ups etc., mica, coal and other ores, minerals including process, petroleum products, RMG of all textiles, coffee, fruits and vegetables, leather and leather manufactures, tobacco, and tea were the sectors, which contributed towards showing such a whooping performance by the exports sector during the month. Such a whooping growth in exports during the month also helped in taking the merchandise exports to over US$ 290 billion during such difficult and torrid times, which was well forcasted by FIEO said Saraf. FIEO Chief also reiterated that the support and help provided by the government especially the Union Finance Minister and Union Commerce and Industry Minister during these challenging times has been commendable. He also thanked overall exporting community for …

Read More »

IATA calls freighters & preighter the agility of airline cargo operations

According to the recently released ‘economics chart of the week’ by IATA, cargo traffic has been proven to be quite resilient serving commerce and industries reliant on the deliveries of critical supplies, since the outbreak of Covid-19 while airline passenger traffic has plummeted. Due to the massive drop of cargo belly hold capacity of passenger operations, overall cargo capacity has become a constraint, and cargo yields have been rising accordingly. In a response to these cargo capacity constraints, a substantial number of airlines have been able to make use of the otherwise spare capacity of passenger aircraft, using them for cargo-only operations, also referred to as ‘preighters’. The majority of preighters have operated with cargo in the belly hold, where the passenger cabin has remained empty, but several airlines even have used the passenger cabin for additional cargo capacity.” While the largest share of cargo traffic is indeed carried by freighters, which traffic has grown significantly albeit constraint due to lack of additional aircraft, one can observe the welcome additional capacity that the preighters have provided.

Read More »

Batilogistic & Lodha sign Rs 106 crore deal to develop 30-acre warehousing project

The real estate sister company of FM Logistic, Batilogistic and Lodha have signed a deal of Rs 106 crore to develop 30 acres land parcel at Palava Industrial and Logistics Park for FM Logistic India, with a total development potential of around 1 million square feet of warehousing space. This agreement is strategically signed to catalyse the job market in the region. Further expanding FM Logistic India’s businesses, Batilogistic will undertake the development of this land parcel in phases over next three to four years. This development is part of the 290 acre Palava Industrial and Logistics Park that also includes a joint venture between ESR and Lodha. Palava Industrial and Logistics Park is now emerging as a world-class hub in the Mumbai region driven by its high quality infrastructure, well planned parks and proximity to Navi Mumbai, JNPT port and upcoming international airport. Also, the park benefits from its easy connectivity to the full social eco-system of Palava City. The park offers a range of options including built to suit structures, standard structures and land parcels. Commenting on the deal, Alexandre Amine Soufiani, MD, FM Logistic India, says, “We are committed to providing our customers with high value and high efficiency Grade-A warehousing infrastructure. Globally, FM Logistic, in collaboration with Batilogistic, is a pioneer in developing and maintaining Grade-A warehousing facilities that provide cutting edge supply chain technologies to our customers. Through our association with the Lodha Group we will gain significant presence to service the neighbouring industrial areas of Thane, Navi Mumbai and Kalyan. The Grade-A logistic facility will be designed according to the best industry standards with high spec buildings, 100% compliance to norms and stringent safety …

Read More »

Apollo LogiSolutions partners with Indigo & StaTwig for India’s first vaccine delivery platform

Apollo LogiSolutions has collaborated with leading players across technology, cold chain warehousing, pharmaceutical, healthcare, airline and airport sectors for its new ‘integrated vaccine delivery platform’. To enhance the current Covid-19 vaccine distribution model in India with its new solution, Apollo LogiSolutions has already on-boarded UNICEF backed blockchain technology firm StaTwig for technology capabilities; Coldman, Kool Solutions and other major companies for effective cold chain warehousing of 70,000+ pallet capacity at 10 locations in India and GMR-Hyderabad airport and Indigo airlines for air transportation. By collaborating with IndiGo, the company plans to bolster its initiative of contributing towards world’s largest vaccination drive. Apollo LogiSolutions’ ‘integrated vaccine platform solution’ is designed to address the end-to-end supply-chain related challenges and bring more transparency and effective tracking for effective Covid-19 vaccine distribution in the country. Announcing the new solution, Raaja Kanwar, Vice chairman and Managing Director, Apollo LogiSolutions, said, “It’s a proud moment for everyone at Apollo LogiSolutions to have been able to build a solution that will help India in its mission to immunize its people against Covid-19. We have already partnered with some of the most trusted names in the industry and will continue to add more to make the platform more robust as part of our commitment in creating an effective end-to-end distribution platform for the Covid-19 vaccine.” He added, “As India grows, the logistics segment will need to scale, adapt and transform itself to the needs of businesses and consumers. Apollo LogiSolutions is aggressively working towards introducing innovative technologies, tools and operational excellence to streamline the fragmented sector, make it future ready and drive better efficiency.” Sid Chakravarthy, Founder, StaTwig mentioned that “India manufacturers 60 per cent of global vaccines …

Read More »

DB Schenker and Lufthansa Cargo launch CO2-neutral freight connection from Europe to China

DB Schenker and Lufthansa Cargo launched the first regular carbon neutral cargo flight connection in history. With the take-off of a Boeing 777F, the companies kicked off weekly flights between Frankfurt am Main and Shanghai Pudong, where the fuel requirements are covered entirely by Sustainable Aviation Fuel (SAF). This will save around 174 metric tons of conventional kerosene each week. Jochen Thewes, CEO, DB Schenker, says, “As of now, carbon neutral supply chains are also feasible with airfreight. Our weekly flights between Frankfurt and Shanghai are the kick-off of a new era. We are proud to have already convinced so many customers of this future-orientated product. Next, business and politics have to take charge to create more capacity for regenerative fuels and clean aviation.” Dorothea von Boxberg, CEO, Lufthansa Cargo, adds, “With the world’s first sustainable cargo flight with DB Schenker at the end of 2020, we demonstrated that flying without fossil emissions is already possible. We have jointly launched the world’s first regular sustainable cargo flight connection. This paves the way for many more connections of this kind. We are counting on the determination of our industry and the dedication of consumers to get this off the ground together.” Sustainable Aviation Fuel is produced mainly from biomass waste, such as used vegetable and cooking oils. Thus, when burned in the engine, the same amount of carbon dioxide is released which was previously removed from the atmosphere during the original growth of the plants. In addition, greenhouse gases produced during the manufacture and transport of the fuel are fully offset by sustainable compensation projects. This ensures that flights are completely greenhouse gas neutral. The weekly volume of SAF procured by …

Read More »

Emirates SkyCargo delivers 50 million doses of vaccines to more than 50 destinations

Emirates SkyCargo has become the first airline cargo carrier in the world to have transported more than 50 million doses of COVID-19 vaccines on its flights. The carrier has also transported more than 100 tonnes of syringes across the world to support the delivery of vaccines. Since the start of international distribution late last year, Emirates SkyCargo has transported over 220 tonnes of COVID-19 vaccines, equivalent to more than 50 million doses, on more than 150 flights from manufacturing locations to 50 destinations on its network through Dubai. Overall, the carrier has transported six different kinds of COVD-19 vaccines. Nabil Sultan, Emirates Divisional Senior Vice President, Cargo, said, “As a socially responsible global air cargo carrier, our actions over the last year have always been directed at helping communities across the world, and especially those in developing nations, recover from the devastating impact of the pandemic. We have been leading the global air cargo industry’s efforts and working with our partner organisations in Dubai to rapidly distribute COVID-19 vaccines through Dubai to the rest of the world.” Emirates SkyCargo has remained agile and dynamic throughout the COVID-19 pandemic, responding quickly to maintain international connectivity for essential goods across the world. The carrier was one of the first in the world to deploy passenger aircraft for cargo only flights in order to transport PPE, medical equipment, pharmaceuticals and food. Over one year, Emirates SkyCargo had operated more than 27,800 flights and transported over 100,000 tonnes of essential commodities.

Read More »

Domestic road transportation sector to grow by 10-12% in FY 2022: ICRA

On account of the nationwide lockdown, the Indian logistics sector has witnessed a significant sequential recovery after experiencing severe disruption in Q1 FY2021. This had created demand-side and supply-side challenges which eased in subsequent months as economic activity recovered. As per ICRA note, as lockdown-related restrictions eased and economic activity revived, the freight availability for logistics players also improved. Accordingly, many of the logistics companies reverted to pre-pandemic levels by end of Q2 FY2021 and started reporting Y-o-Y growth from Q3 FY2021, the same has continued into Q4 FY2021 as well. Freight rates also remained firm during this period. According to Rohan Kanwar Gupta, Assistant Vice President & Sector Head, ICRA Ratings, “As the economy opened up and industrial, manufacturing, construction and consumption activities picked up pace, freight availability also improved, aiding recovery in the sector. Freight rates also held up in this period. As such, the pace of revenue contraction mellowed down significantly in Q2 FY2021, and reverted to growth trajectory in Q3 FY2021. This trend was also visible in E-way bill volumes, which reached pre-pandemic levels in September 2020 and posted Y-o-Y growth in all subsequent months. While freight volumes in Q3 FY2021 were supported by the historically strong festive period, the sector sustained its volume growth even after the season ended, giving comfort regarding the sustainability of the recovery.” The recovery has also been visible across other modes of transportation as well. The rail freight traffic reported similar trends, reporting Y-o-Y growth of 5% and 10% in Q2 FY2021 and Q3 FY2021 respectively. The volumes thereafter have also held up, touching peak freight volumes in January 2021, resulting in 7% Y-o-Y growth during the fourth quarter so …

Read More »

Air Canada Cargo signs Letter of Intent with cargo.one, enabling forwarders to easy booking experience

cargo.one has entered into a letter of intent with Air Canada, through its cargo division Air Canada Cargo, to offer its capacity on cargo.one’s leading air cargo booking platform. Upon conclusion of a definitive agreement, freight forwarders will soon have access to a first-class booking experience with real-time capacity and quotes. The airline is poised to become the first North American airline on the cargo.one ebooking platform. “We are delighted to double down on our global expansion strategy and look forward to welcoming Air Canada Cargo on board as a first mover in the North American region. Air Canada Cargo’s constant drive for innovation and technology to offer customers the best possible service is very much in line with cargo.one’s values and strategy,” stated Moritz Claussen, Co-Founder and Managing Director, cargo.one. “Given the current capacity constraints out of Europe to North America, cargo.one’s growing user base will now have additional real-time access to much sought-after space at the click of a button.“ Jason Berry, Vice President Cargo at Air Canada, said, “An association with cargo.one will enable us to deliver on our customer promise of providing easy and reliable booking access to our growing capacities and help us to further develop our digital distribution capabilities. A concluded definitive agreement will support Air Canada Cargo’s rapid cargo network expansion, increase its day-to-day efficiency, while at the same time offering customers an outstanding service quality and seamless online access to attractive connections to and from Europe, Latin America, the US and Asia-Pacific.” cargo.one and Air Canada Cargo have kicked off their integration phase. Subject to the conclusion of a definitive agreement which is planned to be finalised by April 30, Europe to …

Read More »

Shree Maruti Courier to add further 7,500 pin codes across the country

Aggressively expanding its network to extend the reach in every nook and corner of India, Shree Maruti Courier Services is planning to add 2,000 cities and towns of the country in their network and aiming to achieve Rs 1,000 crore turnover in the next five years. At present, the company has a nationwide network of over 2,650 outlets and round the clock working at 89 regional offices across India. The company has a presence in 868 cities & towns and serving to 4,600 pincodes. Elaborating the details on the plan, Ajay Mokariya, Managing Director, Shree Maruti Courier Services, said, “Despite challenging business environment, we are witnessing an increasingly strong demand across the markets. With the aggressive expansion plan, we are aiming to add additional 7,500 unique pin codes across the country. The company has added new products/verticals of surface cargo and upgraded international segment by opening up six new gateways recently. The same will ensure to achieve a target of Rs 1,000 crore turnover in next five years. Keeping in mind Prime Minister’s ‘Make in India’ and ‘Atmanirbhar Bharat’ mission, we are proud to contribute to India’s growth story and aiming to generate 10,000 employment opportunities with this expansion”.

Read More »