1. Home
  2. Infrastructure Urban
  3. ECONOMY & POLICY
  4. CONCOR cuts empty container charges at Dronagiri terminal
CONCOR cuts empty container charges at Dronagiri terminal
ECONOMY & POLICY

CONCOR cuts empty container charges at Dronagiri terminal

04 Nov 2024 2 Min Read CW Team
Container Corporation of India Ltd (CONCOR) clarified that recent adjustments in empty container handling charges apply solely to its Dronagiri terminal near Jawaharlal Nehru Port, following reports suggesting cuts across its entire terminal network.

"We revised empty handling charges exclusively at Dronagiri," stated Chairman and Managing Director Sanjay Swarup, during a call with analysts. "These charges, previously set at around Rs 6,000 for 20-ft and Rs 9,000 for 40-ft containers, have been reduced. With low empty inventory at Dronagiri, the aim is to attract more business and empty containers to this facility." He emphasised that handling fees at all other terminals remain unchanged.

Despite the reduction, the Dronagiri terminal, contributing under 1% to CONCOR's total volume, has yet to see a revenue impact, as empty containers from shipping lines have not started arriving there. "We expect shipping lines to utilise this terminal within the next 10-15 days, adding incremental revenue to the company," Swarup noted.

Over the past year, CONCOR has offered 90 days of free storage for empty export-import (EXIM) containers and 15 days for loaded ones across its 66 terminals. Additionally, a 25% discount on the transport of empty containers from gateway ports to inland depots was introduced to support exports. Swarup highlighted that these initiatives have driven increased exports and market share without compromising margins, thanks to CONCOR's consistent, high-quality service standards.

"Our dwell time at ports is under 30 hours, while competitors can take up to 30 days," Swarup added. "Customers are willing to pay more for our reliable, rapid service, and this dedication to quality is core to maintaining their loyalty." (ET)

Container Corporation of India Ltd (CONCOR) clarified that recent adjustments in empty container handling charges apply solely to its Dronagiri terminal near Jawaharlal Nehru Port, following reports suggesting cuts across its entire terminal network. We revised empty handling charges exclusively at Dronagiri, stated Chairman and Managing Director Sanjay Swarup, during a call with analysts. These charges, previously set at around Rs 6,000 for 20-ft and Rs 9,000 for 40-ft containers, have been reduced. With low empty inventory at Dronagiri, the aim is to attract more business and empty containers to this facility. He emphasised that handling fees at all other terminals remain unchanged. Despite the reduction, the Dronagiri terminal, contributing under 1% to CONCOR's total volume, has yet to see a revenue impact, as empty containers from shipping lines have not started arriving there. We expect shipping lines to utilise this terminal within the next 10-15 days, adding incremental revenue to the company, Swarup noted. Over the past year, CONCOR has offered 90 days of free storage for empty export-import (EXIM) containers and 15 days for loaded ones across its 66 terminals. Additionally, a 25% discount on the transport of empty containers from gateway ports to inland depots was introduced to support exports. Swarup highlighted that these initiatives have driven increased exports and market share without compromising margins, thanks to CONCOR's consistent, high-quality service standards. Our dwell time at ports is under 30 hours, while competitors can take up to 30 days, Swarup added. Customers are willing to pay more for our reliable, rapid service, and this dedication to quality is core to maintaining their loyalty. (ET)

Next Story
Infrastructure Urban
15 Nov 2024

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

Shoals Technologies Group, a U.S.-headquartered manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and e-mobility, reported a 23.9% year-over-year (YoY) decline in revenue, which dropped to $102.2 million in the third quarter (Q3) of 2024. This decline was mainly attributed to project delays and supply chain disruptions. The company posted a net loss of $300,000, a significant improvement compared to the $9.8 million net loss in Q3 2023. Adjusted net income was reported at $13.9 million, reflecting a 58.2% YoY decrease. Adjusted EBITDA stood at $24.5 million, a 4..

Read More
Next Story
Infrastructure Energy
15 Nov 2024

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

FTC Solar, a U.S.-based provider of solar tracker systems, reported a revenue of $10.14 million in the third quarter (Q3) of 2024, surpassing analyst expectations by $240,680. However, this figure marked a 66.8% year-over-year (YoY) decline compared to the same quarter in 2023, primarily attributed to reduced product volumes. The decline in solar tracker revenue was mainly due to an 82% decrease in the amount of MW produced, which was negatively impacted by delays in customer projects. This was partially offset by an increase in the average selling price (ASP), which led to better pricing an..

Read More
Next Story
Infrastructure Urban
15 Nov 2024

Dilip Buildcon wins bid for BharatNet Phase III broadband project

Dilip Buildcon announced on Tuesday, November 12, that its STL-DBL consortium had submitted the lowest bid for BSNL's BharatNet Phase III broadband connectivity project. The USOF-funded project, which aims to provide middle and last-mile connectivity in Jammu Kashmir and Ladakh, is valued at Rs.1,625.36 Crore. Dilip Buildcon holds a 70.23% stake in the implementation of the project. The project is expected to be completed in three years, and the corporation will secure a 10-year maintenance contract. In recent days, BSNL has awarded several contracts for the BharatNet project. On Monday, No..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain
ECONOMY & POLICY
15 Nov 2024

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes
POWER & RENEWABLE ENERGY
15 Nov 2024

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

Dilip Buildcon wins bid for BharatNet Phase III broadband project
ECONOMY & POLICY
15 Nov 2024

Dilip Buildcon wins bid for BharatNet Phase III broadband project

KPIL secures new orders worth Rs 22.73 billion
Real Estate
15 Nov 2024

KPIL secures new orders worth Rs 22.73 billion

NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn
Steel
15 Nov 2024

NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn

Kochi's Valanthakad Island to Get Bus Connectivity with Bridge Completion
RAILWAYS & METRO RAIL
15 Nov 2024

Kochi's Valanthakad Island to Get Bus Connectivity with Bridge Completion

KTR Demands Cancellation of Rs.88 Billion AMRUT Tenders
ECONOMY & POLICY
15 Nov 2024

KTR Demands Cancellation of Rs.88 Billion AMRUT Tenders

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed
ROADS & HIGHWAYS
15 Nov 2024

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000