ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

Air cargo volumes surge 33% amid shipping delays
AVIATION & AIRPORTS

Air cargo volumes surge 33% amid shipping delays

Exporters and traders in Gujarat are increasingly turning to air cargo as shipping disruptions caused by the Red Sea crisis lead to severe delays in sea freight. International air cargo volumes from Ahmedabad rose 33% between April and October 2024 compared to the same period last year. The Sardar Vallabhbhai Patel International (SVPI) Airport’s two cargo complexes handled 31,600 metric tonnes (MT) of international cargo during this period, up from 23,600 MT last year. Export volumes saw a notable rise, increasing from 23,600 MT to 29,600 MT, underscoring a growing dependence on air freight despite higher costs. Shipping delays, which now average 35�70 days compared to the usual 20�25 days, have forced exporters to prioritise air transport to meet delivery deadlines. Manoj Kotak, President of the Mundra Customs Brokers Association, highlighted that 25% of cargo, particularly pharmaceuticals and chemicals, has shifted to air freight. “Previously, vessels to the US, Europe, and Russia via the Red Sea took 15�20 days. Now, alternate routes have extended transit times significantly,� he noted. In October alone, SVPI Airport handled 4,800 MT of exports and 900 MT of imports, up from 4,080 MT and 905 MT, respectively, in October 2023. Gujarat, which contributes 20% of India’s exports and manages 40% of the country’s overall cargo through its ports, is witnessing a realignment in freight movement. Exporters are choosing air cargo not only for timely deliveries but also to counter vessel shortages. Current waiting times for sea shipments stretch to at least 15 days, further exacerbating delays. (ET)

Exporters and traders in Gujarat are increasingly turning to air cargo as shipping disruptions caused by the Red Sea crisis lead to severe delays in sea freight. International air cargo volumes from Ahmedabad rose 33% between April and October 2024 compared to the same period last year. The Sardar Vallabhbhai Patel International (SVPI) Airport’s two cargo complexes handled 31,600 metric tonnes (MT) of international cargo during this period, up from 23,600 MT last year. Export volumes saw a notable rise, increasing from 23,600 MT to 29,600 MT, underscoring a growing dependence on air freight despite higher costs. Shipping delays, which now average 35�70 days compared to the usual 20�25 days, have forced exporters to prioritise air transport to meet delivery deadlines. Manoj Kotak, President of the Mundra Customs Brokers Association, highlighted that 25% of cargo, particularly pharmaceuticals and chemicals, has shifted to air freight. “Previously, vessels to the US, Europe, and Russia via the Red Sea took 15�20 days. Now, alternate routes have extended transit times significantly,� he noted. In October alone, SVPI Airport handled 4,800 MT of exports and 900 MT of imports, up from 4,080 MT and 905 MT, respectively, in October 2023. Gujarat, which contributes 20% of India’s exports and manages 40% of the country’s overall cargo through its ports, is witnessing a realignment in freight movement. Exporters are choosing air cargo not only for timely deliveries but also to counter vessel shortages. Current waiting times for sea shipments stretch to at least 15 days, further exacerbating delays. (ET)

Next Story
Infrastructure Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

Next Story
Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

Next Story
Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement