Home / 2017 / October (page 4)

Monthly Archives: October 2017

Panalpina Group Profitability Continues to Increase in 2017

Chennai: Port Wings News Network: In the first nine months of 2017, international freight forwarding and logistics company Panalpina grew volumes in both Air and Ocean Freight compared to the same period of last year. As the year progressed, group gross profit as well as EBIT increased with every quarter. …

Read More »

ICTSI Orders Hybrid RTGs for Manila Flagship Facility

Chennai: Port Wings News Network: The Manila-based container terminal operator International Container Terminal Services, Inc. (ICTSI) will soon be deploying 16 hybrid rubber tired gantries (RTG) at its flagship facility Manila International Container Terminal. According to a media statement, the USD22 million equipment purchase is part of ICTSI’s USD80 million …

Read More »

Hapag-Lloyd Successfully Completes Capital Increase

Chennai: Port Wings News Network: Hapag-Lloyd has successfully completed the capital increase with subscription rights agreed upon on 28 September 2017. By partially utilizing the authorized capital, the gross issue proceeds amount to approximately EUR 352 million (approx. USD 414 million). 96.5 percent of the existing shareholders exercised their subscription …

Read More »

V O Chidambaranar Port Becomes First Indian Major Port to Implement IMS

Tuticorin: Port Wings News Network: V.O. Chidambaranar Port (formerly Tuticorin Port) on 16 October became the first Indian major port to implement Integrated Management System (IMS), complying ISO Certifications (i.e) “Quality Management System”, “Environment Management System” and “Occupational Health and Safety Assessment Series” under one System, which will be renewed …

Read More »

Port of Felixstowe Rail Improvements Receive Go-Ahead

Chennai: Port Wings News Network: The latest enhancements to Hutchison Ports Port of Felixstowe’s rail connections have been given the green light by the Secretary of State for Transport. The £60.4m scheme, jointly funded by Network Rail and Hutchison Ports, will allow up to 47 freight trains to run per …

Read More »

International Container Terminal Services Posts Record Productivity

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) posted record productivity at its flagship Manila International Container Terminal (MICT) in the Philippines for August and September with equipment operators achieving their monthly targets. According to a media statement, the MICT facility has posted an increase of 22 …

Read More »