Container Corporation of India Limited (CONCOR) has collaborated with Aiyer Shipping to strengthen its overseas shipping services and expand integrated logistics solutions for export-import (EXIM) trade. Announced on 30 October 2026, the collaboration aims to improve international shipping connectivity and provide exporters and importers with more coordinated, efficient and reliable multimodal logistics services. The partnership brings together CONCOR’s established inland container transportation and terminal infrastructure with Aiyer Shipping’s broader shipping and freight forwarding capabilities. By strengthening the link between domestic cargo movement and international shipping, the initiative seeks to improve access to overseas markets and support the evolving logistics requirements of Indian businesses engaged in cross-border trade. Strengthening Multimodal Logistics Connectivity CONCOR operates an extensive network of container terminals and rail-based freight services that connect inland production and consumption centres with gateway ports. Its FY2025–26 annual report records 68 terminals as of 31 March 2026, supported by a fleet of 424 rakes and an inventory of 57,746 containers. This infrastructure provides a foundation for moving containerised cargo between inland locations and ports. Aiyer Shipping’s published service portfolio includes container-line agency services, sea freight, freight forwarding, Customs clearance, warehousing and multimodal transportation. Its capabilities also cover full-container-load (FCL) and less-than-container-load (LCL) shipments, as well as breakbulk, bulk and project cargo. These services offer relevant expertise for coordinating different stages of international cargo movement, although the specific services covered under the new collaboration have not been individually disclosed. For exporters and importers, closer coordination between inland transportation and maritime shipping can help streamline shipment planning, equipment positioning and documentation. Aligning inland cargo arrivals with vessel schedules and port cut-off times is particularly important for maintaining predictable transit times and avoiding unnecessary delays across the supply chain. Expanding Overseas Trade Opportunities The collaboration reflects CONCOR’s broader approach of working with maritime partners to extend the reach of its inland logistics network. In June 2024, the company signed a separate memorandum of understanding with Shipping Corporation of India to explore opportunities in integrated logistics, overseas shipping and coastal and inland-waterway transportation. The Aiyer Shipping arrangement adds to this wider effort to strengthen links between inland cargo infrastructure and international maritime services. However, the commercial impact of the latest collaboration will depend on its implementation, including the services made available, the international connections offered and the level of coordination achieved across the shipment cycle. Specific routes, sailing schedules, tariffs and projected cargo volumes have not been disclosed in the announcement. For India’s EXIM sector, stronger cooperation between inland logistics operators and shipping service providers can help create more connected supply chains. As the collaboration develops, its ability to offer reliable cargo movement, competitive overall logistics costs and smoother access to overseas markets will be key measures of its value to customers. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!

Cochin Port’s growth exceeded the sector average by 10 percentage points, highlighting its expanding role in India’s maritime trade and container logistics network. The six-month performance strengthens the port’s position as a key gateway on India’s southwest coast, connecting regional businesses with domestic and international markets. The growth momentum was reinforced by a record performance in August 2026, when DP World Cochin’s ICTT handled 97,952 twenty-foot equivalent units (TEUs), marking a 51% increase compared with August 2025. The terminal had handled 74,644 TEUs in June and 74,585 TEUs in July before volumes climbed to the August peak. Between June and August, the terminal also accommodated 51 additional, unscheduled vessel calls while maintaining regular operations. This demonstrated its ability to manage increased vessel traffic amid geopolitical disruptions affecting international shipping routes and cargo flows. The terminal’s infrastructure and operational capabilities are important to shipping lines seeking reliable cargo-handling services and connections for Indian export-import traffic. Sustaining the increase will depend on efficient vessel turnaround, cargo handling and coordination across port operations. Cochin Port’s latest performance builds on its established container-handling operations. During FY2024–25, the port handled 834,665 TEUs, compared with 754,237 TEUs in FY2023–24. Transshipment traffic reached 169,562 TEUs in FY2024–25, underlining the terminal’s role in transferring containers between vessels as well as supporting regional cargo movements. The port’s broader logistics infrastructure also contributes to its appeal. DP World has developed a Free Trade Warehousing Zone (FTWZ) at Cochin, offering storage, consolidation and distribution facilities for export-import cargo. The integration of container handling and warehousing can help businesses coordinate inventory with shipping schedules and streamline cargo movement. For exporters, importers and logistics providers, such facilities can support more coordinated supply chains by bringing essential logistics services closer to the port. However, the long-term benefits of higher container throughput will also depend on dependable shipping connections, competitive logistics costs and efficient inland cargo evacuation. Cochin Port’s 22% container throughput growth places it ahead of India’s major ports in terms of growth rate for April–September 2026. The performance highlights the growing significance of Vallarpadam in the country’s maritime logistics ecosystem. Maintaining this momentum will require continued operational efficiency, strong shipping-line partnerships and effective integration with inland transport and warehousing networks. Converting the rise in volumes into sustained business growth could further strengthen Cochin’s role in facilitating international trade and improving supply chain connectivity. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!

India’s proposed US$4 billion greenfield shipyard at Thoothukudi in Tamil Nadu has moved a step closer to detailed project planning, with the government targeting completion of the Detailed Project Report (DPR) within six months. The development follows discussions between Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal and HD Hyundai Chairman Chung Ki-sun in Seoul, South Korea. The two sides will establish a Joint Working Group (JWG) to oversee project development, coordinate key activities and work towards finalising a suitable joint venture structure. HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the shipbuilding arm of HD Hyundai, has reiterated its intention to participate as the project's primary strategic investor. However, the proposed investment structure, equity participation and implementation arrangements remain subject to due diligence and the requisite approvals. Planned Capacity and Project Scope The proposed shipyard is envisaged to have an annual shipbuilding capacity of approximately 2.5 million gross tonnages (GT), subject to validation through the DPR. Once operational, it is expected to become India's largest commercial shipyard, strengthening domestic shipbuilding capabilities and enhancing the country's competitiveness in the global maritime industry. The DPR will establish the project's technical and commercial framework, covering the proposed vessel mix, production capacity, infrastructure requirements, project costs and implementation schedule. Preparatory activities will include site assessments, infrastructure planning and preliminary dredging and reclamation studies. National Shipbuilding & Heavy Industries Park, Tamil Nadu Limited (NSHIP-TN) will facilitate waterfront land, utilities and supporting infrastructure, while coordinating with central and state authorities for statutory approvals. Meeting Domestic Demand and Strengthening Manufacturing The project is expected to support India's growing demand for commercial vessels. According to Sonowal, Indian public agencies are looking to acquire more than 400 vessels in the coming years. The proposed shipyard could cater to a portion of this requirement while pursuing export orders, creating opportunities to expand India's participation in international shipbuilding markets. Beyond infrastructure investment, the collaboration aims to promote technology transfer, localised manufacturing and workforce development. HD KSOE is expected to contribute expertise in shipyard design, construction, advanced manufacturing and operations. Cooperation with Indian companies, academic institutions and training organisations will also be explored to develop the skilled workforce and supplier ecosystem required for a competitive shipbuilding industry. India-South Korea Maritime Cooperation The Thoothukudi project builds on the memorandum of understanding signed on April 20, 2026, between HD KSOE and NSHIP-TN, alongside broader India–Republic of Korea cooperation in shipbuilding, shipping and maritime logistics. The initiative aligns with India's Shipbuilding Development Scheme and its wider ambition to strengthen domestic manufacturing, reduce dependence on overseas shipbuilding capabilities and establish globally competitive maritime infrastructure. The six-month DPR target marks an important planning milestone. The project's subsequent progress will depend on finalising the joint venture structure, validating technical and financial requirements, securing necessary approvals and advancing implementation arrangements. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 CARGOCONNECT 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!

IATA data shows international air cargo demand growing 8.6% year-on-year, while jet fuel prices climb 103.4%, putting pressure on airline profitability despite stronger global trade. Global air cargo demand increased by 7.7% year-on-year in September 2026, supported by stronger international trade and manufacturing activity, according to the latest figures released by the International Air Transport Association (IATA). International air cargo demand recorded even stronger growth of 8.6% compared with September 2025. However, the industry continued to face significant cost pressures, with jet fuel prices more than doubling over the year. Global cargo capacity, measured in available cargo tonne-kilometres (ACTK), expanded by 2.7% during September, while international capacity increased by 3.3%. Demand therefore continued to outpace available capacity, lifting the global cargo load factor by 2.2 percentage points to 47.9%. Fuel prices put pressure on airline profitability Marie Owens Thomsen, IATA's Senior Vice President Sustainability and Chief Economist, said air cargo demand had grown across all regions, supported by stronger global trade and manufacturing. She also highlighted the contribution of artificial intelligence-related shipments, which helped drive another month of double-digit growth across the Pacific. However, rising fuel prices remain a major challenge for the industry. Jet fuel prices increased by 17.5% month-on-month in September and were 103.4% higher than a year earlier. IATA noted that cargo yields have not kept pace with the increase in fuel prices. Its September market analysis showed cargo yields rising by 25.9% year-on-year, compared with the 103.4% increase in jet fuel prices. The disparity highlights the growing difficulty airlines face in maintaining profitability despite stronger cargo volumes. Global trade and manufacturing support demand Several economic indicators provided a supportive backdrop for air freight activity. Global trade increased by 3.6% year-on-year in August, marking the 42nd consecutive month of annual expansion. Manufacturing activity also improved. The Global Manufacturing Output Purchasing Managers' Index (PMI) increased by 0.7 points to 53.8, while the New Export Orders Index rose by 0.5 points to 51.9. Both indicators reached their highest levels in five years, signalling improved manufacturing conditions and continued support for international cargo demand. North America leads regional growth Air cargo demand increased across all six major airline regions in September, although the pace of expansion varied. North American carriers recorded the strongest growth, with demand increasing by 11.8% year-on-year, while capacity expanded by just 0.8%. Asia-Pacific airlines reported 8.6% demand growth and a 4.9% increase in capacity, reflecting continued strength in regional and trans-Pacific cargo movements. Latin American and Caribbean carriers recorded demand growth of 6.7%, alongside a 7.6% capacity expansion. African airlines saw demand rise by 4.7%, while capacity contracted by 1.2%. European carriers recorded a 4.5% increase in demand despite a 1.6% decline in capacity. Middle Eastern airlines reported the slowest regional demand growth, at 3.8%, while capacity increased by 7%. Asia–North America remains the strongest trade lane Performance across major international trade lanes remained mixed in September. The Asia–North America corridor recorded the strongest growth, with cargo traffic increasing by 17% year-on-year. This marked eight consecutive months of expansion on the route. Traffic within Asia grew by 10.2%, while Europe–North America increased by 9.3%. Europe–Asia recorded growth of 6%, extending its expansion streak to 43 consecutive months. Africa–Asia traffic increased by 2.6%. In contrast, Middle East-connected trade lanes remained under pressure. Cargo traffic between Europe and the Middle East declined by 18%, while the Middle East–Asia corridor contracted by 10.2%. Both routes recorded seven consecutive months of decline. Demand growth faces a cost challenge The September figures underline the resilience of the global air cargo market, with demand expanding faster than capacity and manufacturing indicators remaining supportive. However, higher fuel prices and the gap between operating costs and cargo yields are creating challenges for airlines seeking to convert stronger volumes into improved financial performance. For carriers, forwarders and cargo owners, the balance between demand, available capacity and fuel expenditure will remain central to market conditions in the coming months. The latest IATA data points to a growing air cargo market, but sustaining profitable growth will depend on how effectively the industry manages rising operating costs. Follow CARGOCONNECT for more such updates