Container Corporation of India (CONCOR) and PSA MESA Supply Chain (PSA MESA) signed a Memorandum of Understanding (MoU) on April 18, 2024, in New Delhi to collaborate on providing seamless and cost-effective end-to-end logistics services to customers. CONCOR, a leading logistics service provider in India, operates more than 60 container terminals across the country. PSA MESA is a wholly-owned subsidiary of PSA International, a global port operator, offering integrated and port-centric supply chain, transportation, and logistics solutions through its supply chain business arm, PSA BDP. The MoU signifies the partnership between CONCOR and PSA MESA to deliver comprehensive logistics solutions to meet customer needs. The stock of CONCOR experienced a decline of 0.29%, closing at ₹926 on the NSE at the time of writing. Container Corporation of India Limited (CONCOR) is a public sector undertaking established in March 1988 under the Companies Act. It is engaged in the transportation and handling of containers, having commenced operations in November 1989 by taking over an existing network of seven inland container depots (ICDs) from Indian Railways.

Maersk announced an upgrade to its ME2 ocean service to include port calls in North Europe, namely Rotterdam, Felixstowe and Bremerhaven. The future port rotation of the ME2 service will be Port Tangier – Algeciras – Rotterdam – Felixstowe – Bremerhaven – Port Tangier – Salalah – Jebel Ali – Mundra – Nhava Sheva – Port Tangier, says an official release. This extension of the ME2 service to key destinations in North Europe will benefit North India’s exporters, particularly those in the lifestyle and retail sectors. With upgraded service, manufacturers and exporters will get expedited access to important consumer markets in North Europe. The transit times for ocean transports between Mumbai ports and North Europe will be shortened by five to seven days. In the same way, on the backhaul from North Europe to India, the importers for the automotive sector will benefit from quicker transit times for automotive components coming into India.” Morten Juul, Head, Regional Ocean Management for Indian Subcontinent, Middle East & Africa, Maersk says: “Maersk is committed to delivering faster and more reliable ocean services. With the enhancements made to the ME2 service, we are emphasising our commitment towards one of the most important trade routes. By adding port calls to key destinations in North Europe, we are empowering our customers with faster access to the vital market, thereby enabling them to capitalise on business opportunities and increase their competitiveness.” Despite the expansion, the nominal capacity of the weekly ME2 service will remain unchanged. Maersk will add two additional vessels to the rotation to accommodate the extended coverage in North Europe, the release added.

Average global air cargo rates held steady in the second week of April, equaling their level in the equivalent week the previous year for the first time since mid-2022 despite a drop in tonnages partly linked to Eid. Average global rates remained flat in week 15 (April 8-14) at $2.52 per kilo, following consecutive weekly WoW rises of between two-three percent in the previous six weeks, according to the latest weekly figures and analysis from WorldACD Market Data. “Total worldwide tonnages fell by three percent in week 15 with particularly big WoW declines from Pakistan, Bangladesh and the UAE.” Eid effects on tonnagesAir export tonnages from South Asian countries including India, Pakistan and Bangladesh remain high compared with their normal levels for this time of year, especially to European destinations, linked to strong demand developments combined with supply issues caused by disruptions to ocean shipping. “A drop in bookings during the Eid holidays at the end of Ramadan led to some steep WoW falls in tonnages in week 15 ex-Pakistan (-41 percent), Bangladesh (-14 percent) and the UAE (-29 percent) to worldwide destinations along with other countries such as India (-18 percent worldwide, and -16 percent to Europe destinations).” Tonnages from the Middle East & South Asia (MESA) region overall to Europe also dropped by 18 percent WoW, although they remain up by 17 percent compared with the same week last year. Despite the WoW drop, India-Europe tonnages remain up nine percent YoY. Despite a 21 percent WoW drop, Dubai-Europe tonnages remained at more than twice their level this time last year, up 153 percent, in the week prior to flooding there, impacting the emirate’s air operations, the update added.

Mahindra Logistics plans to launch nationwide Community Centers of Excellence (CCoE) in partnership with Logistics Skill Council, a not-for-profit organization set up by the Ministry of Skill Development & Entrepreneurship, to address the shortage of skilled workers in the logistics sector. These centers will provide beneficiaries with skill development training and certification in warehousing, transportation, and other supply chain operations while generating employment opportunities for them. In the first phase, Mahindra Logistics launched its first CCoE in Bhiwandi, to be followed by another in Guwahati within Q1FY25. Both the centers, together, aim to train over 500 individuals in FY25 including those from underprivileged backgrounds, women, people with disabilities, and the LGBTQIA+ community. Commenting on the first Community Centre of Excellence in Bhiwandi, Mr. Rampraveen Swaminathan, MD and Chief Executive Officer, Mahindra Logistics, said, “Mahindra Logistics is dedicated to empowering communities and fostering inclusive development. We are committed to contribute to society by addressing the gaps in the skill ecosystem through education, skill innovation, and placement. Our association with the Logistics Skill Council is poised to not only mitigate the shortage of skilled workers but also to spearhead a transformative shift in the sector’s dynamics. This initiative will address the need for skilled workers in the logistics sector as well as absorb 30% of the workforce into our operations”. Mahindra Logistics Community Centre of Excellence serves as a catalyst to equip both semi-skilled and unskilled workforce in India’s logistics sector through meticulously crafted training modules, encompassing theoretical learning and practical hands-on experience. As the logistics industry in India is one of the largest employment sectors providing livelihoods to over 22 million people, imparting industry-relevant skills and certifications will ensure continued growth …

Qatar Cargo has put into operation another Boeing 777-200 freighter – Boeing’s second 777 cargo aircraft delivery in April after a slow start to the year. The latest freighter (A7-BTB) travelled from Boeing’s production site in Everett on April 14 and began commercial operations on April 16. So far, the aircraft has been utilised on services to India and Europe, with flights to Mumbai, Delhi and Amsterdam under its belt. The airline has been expanding its 777-200F fleet over recent years and now operates 28 of the model, with the latest 777-200F understood to be the last the carrier had on order from Boeing. However, the carrier has also placed an order for 34 of Boeing’s new 777-8F, with options on 16 more. The delivery comes after Boeing was unable to deliver any 777 freighters in the first quarter of the year, although 11 of the aircraft were reported to have been built and were awaiting engines. The airframer also failed to deliver any passenger 777s during the first three months of 2024.

The lack of emphasis on quality, which results in compromised infrastructure within the cold chain sector is a main challenge, says Sanjay Sharma, COO, Coldman Logistics. “This neglect of food safety standards often occurs due to various cost pressures, which in turn lead to compromised supply chain processes. It’s imperative for food regulatory authorities to rigorously enforce quality norms and ensure that food safety standards are upheld without compromise. Only through stringent implementation of these standards can the integrity of the cold chain be maintained, safeguarding both consumer health and the reputation of the industry,” he adds.

Enhancing the efficiency and reliability of rail cargo movement is crucial for optimising logistics in India, says Adhendru Jain, Vice President, Rail and Inland Terminals, DP World Subcontinent. He adds, “The government’s strong focus on creation of DFCs and MMLPs are aimed at further improving the movement of cargo via rail. The 2024-25 interim budget for India’s Railways included the introduction of three new DFCs that will support multi-modal connectivity. Enabling public-private partnerships to further boost infrastructure development and improved efficiency of rail freight movement. The establishment of the Gati Shakti Multi-Modal Cargo Terminals coupled with the expansion of MMLPs, will greatly enhance accessibility across India’s key industrial hubs, facilitating seamless cargo movement. Addressing an imbalance in cargo movement, particularly evident in the major corridors of the North-East, requires a strategic shift towards rail-based transportation, reducing reliance on road networks and fostering equilibrium in cargo movement dynamics. Moreover, the integration of coastal, air, rail, and road modes into multimodal solutions promises a sustainable and efficient last-mile connectivity framework, ensuring optimal service delivery for customers nationwide.”

Emirates SkyCargo joined the Pharma.Aero global community with their wealth of expertise and commitment to excellence in pharmaceutical logistics. “Emirates SkyCargo’s decision to join Pharma.Aero underscores our shared commitment to excellence in pharmaceutical logistics,” says Trevor Caswell, Chairman, Pharma.Aero. “Together, we will leverage our collective strengths to ensure the safe, secure and efficient transportation of critical medical supplies, furthering our mission to serve patients worldwide.” Julian Sutch, Global Head, Pharma Sales, Emirates SkyCargo adds: “Through this partnership with Pharma.Aero, we are committed to lending our insight and capabilities to solve the industry’s biggest challenges and working collaboratively with other stakeholders to achieve a truly unbroken supply chain.” Emirates SkyCargo joins a group of industry leaders within the Pharma.Aero alliance, marking a significant step forward in the efforts to drive innovation and best practices in healthcare product transportation.

The National Capital Region in the first quarter of calendar year 2024 added 2.3 million square feet of fresh Grade A industrial and warehousing space to take the overall supply to nearly 7 million square feet across the top-5 markets, according to a Colliers latest report. Demand was led by third party logistics players, which accounted for over 40 per cent of the total warehousing space taken up during the quarter.

CMA CGM Air Cargo will begin operating a transpacific route connecting Asia to North America in summer 2024. “To ensure service to new destinations, CMA CGM Air Cargo will take possession of two Boeing B777-200F aircraft this year. The first aircraft, scheduled for delivery in June, will enable operations to begin on the transpacific route during the summer in anticipation of peak season. The second aircraft will be delivered in the fourth quarter of 2024 and will also be deployed on the transpacific route,” says an official release. The first B777-200F will serve airports in Hong Kong, Chicago and Seoul, the release added. “The second will connect mainland China to North America. Flights will be operated by Atlas Air.” CMA CGM Air Cargo will take delivery of the third B777-200F in the first quarter of 2025. “In 2026, the delivery of eight Airbus A350F aircraft will enable CMA CGM Air Cargo to operate a global network, meeting the global logistics needs of air freight customers.” “As the launch customer for the cargo version of the A350, CMA CGM Air Cargo has opted for the most environmentally efficient aircraft on the market, reinforcing the company’s commitment to sustainable transport. The A350F model stands out for a 20 percent reduction in CO2 emissions compared to its direct competitors. The A350F will also be the only large freighter capable of meeting the CO2 standards established by the International Civil Aviation Organisation (ICAO), which will come into effect from 2028.”