Elaborating on the announcement, Blue Dart Managing Director Balfour Manuel said: “Our annual rate adjustment primarily aligns with inflation and empowers us to maintain service excellence while addressing rising costs.” Blue Dart Express Limited, air and integrated transportation and distribution express logistics company, is a part of the DHL Group.
Blue Dart Express announces 9.6 per cent hike in shipment prices from next year
JSW Infrastructure, a commercial ports operator, aims to become a global company and grow its business, said JSW Group Chairman Sajjan Jindal. He highlighted the potential for creating ports in India that handle not only the country’s cargo but also that of neighboring countries. Jindal also emphasized the high logistics costs in India and the […]
Visakhapatnam Port will reach 100% landlord port model by 2030, says Port Authority Chairman Angamuthu
2 years ago
The Chairman of Visakhapatnam Port Authority, M Angamuthu, has stated that three more public-private partnership (PPP) projects will be awarded by the end of next year, bringing the total number of private berths in the port to 20 by 2025. Angamuthu also expressed confidence that Visakhapatnam will become a 100% landlord port by 2030, with […]
Major ports embrace transformation to ‘landlord ports’ in pursuit of efficiency and growth
2 years ago
Major ports in India, including Visakhapatnam port, are transitioning to a landlord port model, where private players take over the operational aspects of the business while the ports act as regulators and landlords. This shift towards public-private partnerships (PPP) is aimed at increasing efficiency and reducing costs. Currently, six private companies control eight out of […]
DHL Express will increase parcel delivery prices in India by an average of 6.9% from January 1, 2024. The annual price adjustment takes into account factors such as inflation and aims to provide stable and reliable services to customers globally. The price increase will enable the company to invest in improved solutions and enhance flexibility […]
“The total IPO is for Rs 2,800 crore, out of which Rs 880 crore will go towards the repayment of debts. About Rs 1,200 crore will be towards capex, and Rs 700 crore will be towards general corporate purposes.”
It is eyeing a minimum revenue commitment – linked to increments to the Wholesale Price Index – to ensure that the government’s income is not impacted if the existing concessionaires migrate to the new tariff regime, said officials. “The minimum revenue commitment will insulate the Centre from any risks associated with lower tariffs being offered […]
The company is currently participating in tenders for terminals in Goa, Haldia, Kandla, Ennore and Vizag, among others, and will be prioritising container, liquid and gas terminals as it looks to focus on connectivity and value addition for customers.
Raising issues related to multiple government arms conducting audits and inspections, the Tamil Nadu Maritime Board proposed streamlining security audits and inspections in non-major ports. Currently, export-import (Exim) ports are audited by the Directorate General of Shipping. Separate audits are being conducted by the Intelligence Bureau, Navy, Central Industrial Security Force and the Coast Guard.
The Indian government is working on a new legislative framework for ports that aims to improve transparency in port tariffs and update penalties for offenses. The proposed Indian Ports Bill, 2023, will empower the Maritime States Development Council (MSDC) to promote integrated planning between states and the central government.