Category Archives: Shipping

Allcargo’s Transindia Logistics starts operations from October 3 at CWC’s CFS in Gujarat

Transindia Logistics, part of Allcargo Logistics has bagged the contract to manage and operate Central Warehousing Corporation’s (CWC) Container Freight Station (CFS) in Mundra, Gujarat. The CFS facility is located in close proximity to an existing CFS operated by Allcargo. With 40 acres of sprawling space, Transindia is poised to transform the way operations are conducted in Mundra. Adarsh Hegde, Joint Managing Director, Allcargo Logistics, said, “Our growth strategy for CFS business lead to the acquisition of Transindia Logistics a few years ago. We are glad to expand our operations with our second facility in Mundra, which is set to transform the business scenario. Coupled with the highest safety and security standards, our customers can expect speedy turnaround, expertise in handling business operations in the western region of India hereon.”

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Containerisation is essential: President, AMTOI

“Currently in India we have achieved approx 50 per cent containerisation and eventually we need to reach the level of 70-80 per cent which the developed countries have already achieved. The size of multimodal logistics for EXIM cargo in India is approx four million TEUs, we have had 18 continuous months of drop in exports, however the ports volumes are marginally up by four per cent, which means that there is an increase in imports. Hence, the current growth rate is apex two per cent which is likely to increase in coming years,” says, Vivek Kele, President, AMTOI.  

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India and US to enhance cooperation in maritime sector

India and the United States have agreed to deepen the scope of cooperation in the maritime sector with the American ports evincing keen interest in comprehensive port-led development, especially the ambitious Sagarmala programme. The 150 projects under this programme have the potential to mobilise $50-60 billion of infrastructure investment and another US$ 100 billion of investment for promoting industrial growth. The Shipping Minister outlined the regulatory assistance which the Narendra Modi government has offered to the maritime sector, including grant of infrastructure status to shipyards, supportive domestic eligibility criteria for Indian shipyards for assured ship repair orders, service tax exemption on ship repair service for foreign going vessels, setting up of ship repairing business immediately without any approval from director generals.

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