Govt. claims reduction in turnaround time at ports

In a recent submission in the Lok Sabha, the Ministry of Shipping has claimed major improvement in the operations of major ports resulting from a slew of modernization initiatives in the recent years. The written reply underlined that the average Turn-Round Time, which was 82.28 hrs during 2016-17, has now come down to 64.43 hrs. The average Output per Ship Berth day also improved during 2017-18.  It was 15333 tonnes during 2017-18, whereas during 2016-17, it was 14576 tonnes. Due to more efficient operations, the major ports in the country…

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Flat growth projected for tanker business

Fitch ratings in a recent report has projected flat growth trends for the global tanker business in 2019. While overcapacity has been cited as a major factor for the projected flat trends, low oil demand is also expected to keep the tanker business in a subdued mood in the new year. “Potential overcapacity weighs on the tanker sector. We forecast net tanker capacity to grow at about 3%, up from about 1.5% in 2018. The sector may face downside risks from oil demand and supply. US Energy Information Administration (EIA)…

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Year of innovation for UPS

Global airfreight giant UPS has claimed that in the just concluded year 2018, the company undertook a series of technological innovations (based on artificial intelligence , the Industrial Internet of Things (IIoT), and advanced data analytics), which have redefined its processes and delivery capabilities. “We have tremendous success developing new technologies that provide a better customer experience and make our business more efficient,” said Juan Perez, UPS chief information and engineering officer. “For example, traditional GPS inspired UPSNav, which more accurately directs our drivers to their destinations. Or ORION, the…

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Saurasthra Freight seeks inorganic expansion

Fairfax owned Saurashtra Freight, which operates the largest Container Freight Station (CFS) in Mundra has chalked out a new growth strategy for expansion. The company reportedly has drawn a war chest of INR 50 million to INR 1,000 million for strategic acquisitions in companies in the field of logistics, warehousing, transportation and other allied services. The company has drawn a three year growth strategy which entails investment of up to INR 3500 million. Raghav Agarwalla, Managing Director, Saurashtra Freight commented, “ We at Saurashtra Freight are very optimistic of the logistics sector in…

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Oil marketing companies to issue FASTags

To ensure easier availability of FASTags, Indian Highways Management Company Ltd. (IHMCL), a company promoted by NHAI, is signing MoUs with state-run Oil Marketing Companies (IOCL, BPC, and HPC). It will ensure availability of FASTags at petroleum outlets across India. In the first phase, the tags will be available across 50 Fuel Station in Delhi NCR, which will subsequently be expanded to outlets across India. IHMCL has been mandated to implement the National Electronic Toll Collection Program (NETC) in the country. In the current NETC program, FASTags are being issued…

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Land acquisition process for highway construction digitized

The Ministry of Road Transport & Highways has recently launched the BhoomiRashi portal. In the past years, acquisition of land for the purpose of National Highway projects, payment of compensation to the land owners etc were done manually by physical movement of documents in the form of files. However, in that procedure some constraints viz. delay in issuing notification, errors in the land/area details etc were being faced. In order to overcome these issues, to cut short delays and avoid parking of public funds with the Competent Authority for Land…

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IIT Kanpur-NSE come together for cyber security solutions

The National Stock Exchange of India Ltd. (NSE), India’s leading Stock exchange, has signed a Memorandum of Understanding (MoU) with IIT Kanpur, one of the premier technology institute’s in the country, to work together on industry-leading Cyber Security solutions and practices.   The NSE-IIT Kanpur partnership aims to develop and create an environment to not only negotiate and deal with the current and future cyber security challenges in the Indian financial and capital markets eco-system, but also to develop tools to further strengthen the cyber security framework. Vikram Limaye, MD…

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Perishables embracing technology: harnessing the air logistics challenge

Ruchi Dogra (Co-founder & Director, FreightCrate Technologies)   Air cargo is an essential element of modern life across the world. Moving perishable goods across different zones across the world is made possible by air transport. It represents less than 1% of world trade by volume but is over 35% by value (source: IATA report). The reliance on air logistics is driven by the need for speed and efficiency in transporting high-value (of the product or its availability factor), time and temperature sensitive nature of cargo – especially the perishables. Especially…

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Massive recruitment drive by Railways

Ministry of Railways has announced recruitment for 13487 posts of Junior Engineers (JE), Junior Engineers (Information Technology), Depot Material Superintendent (DMS) & Chemical & Metallurgical Assistant (CMA). The scale of the posts is Rs 35,400- 112400/- (Level 6) as per 7th CPC. The notification for the posts has been issued on the Railway Recruitment Board (RRB) website. The last date for applications for this 2 stage recruitment (1st stage- CBT, 2nd stage- Document Verification) is 31st January, 2019. The notified 13487 vacancies are spread over different Railway Zones and states and candidates from all…

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