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Monthly Archives: November 2017

WTO’s Goods Council Discusses US Proposal To Enhance Transparency

    Chennai: Port Wings News Network: The WTO Goods Council on 10 November considered the United States’ proposal to enhance transparency and strengthen notification requirements through a decision intended for the upcoming 11th Ministerial Conference (MC11) in Buenos Aires. The Council also took up e-commerce proposals and specific trade …

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Editorial:Welcome Change in GST Slabs by the Government

Port Wings News Network: 15 November 2017: The 23rd GST Council meeting that concluded in Guwahati was much- awaited major relief post the Prime Minister Narendra Modi’s last year announcement. The speculation surrounding the meeting could be compared to that of the annual union budget announcement. For many it provided …

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Hapag-Lloyd Delivers Significantly Higher Operating Result

Chennai: Port Wings News Network: Hapag-Lloyd closed the third quarter of 2017 with a significant positive group net profit and a much improved operating result (EBIT). The integration with United Arab Shipping Company (UASC) is almost completed and on schedule to be finalized by the end of the year. For …

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WTO’s Latest Indicator Suggests “Moderate” Trade Growth

    New Delhi: Port Wings News Network: The WTO’s latest World Trade Outlook Indicator (WTOI) suggests that global merchandise trade growth will likely moderate in the fourth quarter of 2017. The reading of 102.2 signals continued trade expansion in volume terms, although the pace of growth should be slower …

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APM Terminals Pipavav Sets New Productivity Record

    Mumbai: Port Wings News Network: APM Terminals Pipavav has set a new port productivity benchmark for customers by successfully handling the largest container volume during APL Boston port call. According to a media statement, a total of 3636 moves / 5682 TEUs was safely completed in a record …

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GAC Abu Dhabi, RB Logistics Join Forces for Talc Shipments

Mumbai: Port Wings News Network: European bulk logistics provider RB Logistics (RB) has appointed GAC Abu Dhabi for a second time to provide a complete logistics service package. The two-year contract covers freight services, transportation, warehousing and handling of talcum powder from Italy to Ruwais for a client of IMI …

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QTerminals’ Board of Directors Appoints Neville Bissett as CEO

    Chennai: Port Wings News Network: The Board of Directors of QTerminals, the recently-established operator of the first phase of Hamad Port in Qatar, has appointed Neville Bissett as the company’s first Chief Executive Officer. QTerminals was established as a jointly-owned entity by Qatar Ports Management Company (Mwani Qatar) …

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Coastal Steel Consignment of RINL Arrives at Cochin Port

Cochin: Port Wings News Network: Government of India has embarked ambitious development projects based on Sea ports. Coastal shipping is one among the many such initiatives under the Sagarmala, the flag ship development project of Ministry of Shipping.  As a beginning of this in Cochin, the first coastal movement by …

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