Major Ports grow at a modest pace during April-December period

The major ports in India recorded a growth of 3.77% and together handled 518.6 Million Tonnes of cargo during the period April to December, 2018 as against 499.7 Million Tonnes handled during the corresponding period of previous year. For the period from April- December 2018, Nine Ports Kolkata (incl. Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered positive growth in traffic. The highest growth was registered by Kamarajar Port (18.38%), followed by Cochin (8.92%), Kolkata [inc. Haldia] (8.74%) Paradip (8.11%), and JNPT(7.39%). During the period, Deendayal …

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Çelebi Aviation Wins Ground Handling License for Hyderabad International Airport

Çelebi Aviation Holding, one of the leading global ground handling service provider has won the Ground Handling license for Hyderabad’s Rajiv Gandhi International Airport (RGIA). This is the third major contract for Çelebi since last year, after winning the license for the Bengaluru and Kannur airports.    Under the 10-year concession, Çelebi Aviation will provide state of the art ground handling services to make customer experience at the city airport seamless. The contract was won on the basis of a highly competitive bidding process that assessed technical and financial qualifications…

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DMIC’s Greater Noida Township declared industrial authority

DMIC Integrated Industrial Township Greater Noida Limited (IITGNL) has been declared as the fourth industrial authority in Gautam Budh Nagar, giving a major boost to the SPV’s efforts of building a smart township along the Delhi-Mumbai Industrial corridor. Under a notification issued by the government of Uttar Pradesh, IITGNL will have the powers to sanction building of maps, create layout plans, apart from planning urban areas in the township as well as continuing with the process of allotment of industrial plots. The other three industrial authorities in Gautam Budh Nagar include:…

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Ask Amazon Alexa for real estate news

 Elara Technologies, a Singapore-based digital real estate company and owner of Housing.com, PropTiger.com, and Makaan.com, has announced yet another industry-first initiative by offering latest news of the Indian real estate sector on Alexa-compatible smart home devices. With this latest development,content available on the respective news and blog sections of Housing.com, PropTiger.com, and Makaan.com which is Housing News, PropGuide and MakaanIQ respectively, will be available for consumption on Amazon Alexa. With traction of over one million sessions each month, the exclusive news and blog sections – Housing News, PropGuide and MakaanIQ have successfully brought in many home-seekers, sellers, agents and enthusiasts within…

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GreyOrange to launch flexible automation solution at LogiMAT 2019

Robotics and warehouse automation company, GreyOrange, will launch its new modular sortation system and demonstrate upgraded versions of its Butler and PickPal at LogiMAT 2019, the 17th International Trade Fair for Intralogistics Solutions and Process Management in Stuttgart, Germany on 19-21 February. GreyOrange will present a portfolio of AI-powered solutions that bring Flexible Automation to life; by reducing complexities and delivering maximum productivity, from inventory management and picking to sortation. Sid Chatterjee, Vice President – Products, GreyOrange, said, “The GreyOrange solution portfolio offers a strong business case for Flexible Automation. In…

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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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