DSV Opens Cargo Air Bridge Between China and the US

 Chennai: Port Wings News Network: Due to the risk of spreading of the coronavirus (COVID-19), multiple airlines have either suspended or reduced the number of flights to and from Mainland China. As a consequence, there is an estimated 5,000 tons less capacity available per day. Determined to assist our customers …

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Delegates From European Business & Technology Center Visit JNPT, Discusses Mutual Collaborations

Mumbai: Port Wings News Network: A delegation from European Business & Technology Center (EBTC) visited Jawaharlal Nehru Port Trust (JNPT) to understand the port facilities, rail, infrastructural and technological advancements at the port. The delegation included Group Chief Operating Officer, Prof. Thomas Schlipkother, Duisport – Duisburger Hafen AG along with …

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Hamburg Süd Expands Business in Italy, Spain, and Egypt

Chennai: Port Wings News Network: Hamburg Süd is now exclusively represented by its own offices in Italy and Spain after business was previously partially handled by agents and joint-venture organizations. Furthermore, in Egypt the company has taken full management of Hamburg Süd Egypt recently. Poul Hestbaek, General Manager of Hamburg …

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Hapag-Lloyd Improves Operating Result by More Than 80 percent in 2019

Chennai: Port Wings News Network: On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the 2019 financial year significantly increased to EUR 811 million (2018: EUR 444 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to EUR 1,986 million (2018: EUR 1,139 million). …

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Editorial: When Dragon Sneezes, World Trade Catches Cold

Port Wings, 19 Feb 2020: The Coronavirus outbreak that originated from Wuhan, Hubei in China, a major transportation and logistics hub, has seen stringent quarantine measures implemented across China and its neighboring countries. About 80% of world goods trade by volume is carried by sea and China is home to …

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