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Monthly Archives: March 2018

PSA International Records 8 % Revenue Growth in 2017

Chennai: Port Wings News Network: Port and container terminal operator PSA International Pte Ltd (PSA) has registered a revenue increase of 7.8% for the period ended on 31 December 2017, latest data released by the company on 19 March has revealed. According to the details available, profit from operations also …

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DP World, NIIF Joint Venture Hindustan Infralog Acquires 90% in CWCNSL

Chennai: Port Wings News Network: Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announces the acquisition of a 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd (CWCNSL), an integrated multimodal logistics player in India. CWCNSL’s founders, the Reddy …

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ITF Recommends Shareholders Vote Against ICTSI Directors

Chennai: Port Wings News Network: The International Transport Workers’ Federation (ITF) today released a shareholder advisory note detailing governance issues at International Container Terminal Services Inc. (ICTSI). The ITF is recommending that ICTSI shareholders vote against directors Stephen A. Paradies and Jon Aboitiz at ICTSI’s 2018 Annual Stockholders’ Meeting on …

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CMA CGM Once Again Delivers Strong Operating Results

Chennai: Port Wings News Network: The Board of Directors of the French Group CMA CGM, a worldwide leading shipping company, met on 16 March under the chairmanship of Rodolphe Saadé, Chairman and CEO, to approve the 2017 annual consolidated financial statements. Upon the publication of its 2017 annual results, Rodolphe …

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Virgin Atlantic Cargo Goes Double Daily to Johannesburg

Chennai: Port Wings News Network: Virgin Atlantic Cargo is to launch a second daily service between London and Johannesburg in October, creating additional cargo capacity to and from South Africa. Commencing 28 October 2018, the additional daily frequency will be operated by one of the airline’s Boeing 787-9 aircraft, which …

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DP WORLD Announces Strong Financial Results

Chennai: Port Wings News Network: Global trade enabler DP World on 15 March announced strong financial results for the twelve months ending 31 December 2017. On a reported basis, revenue grew 13.2% and adjusted EBITDA increased 9.1% with adjusted EBITDA margin of 52.4%, delivering profit attributable to owners of the …

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Port of Long Beach Shipments Jump Ahead of East Asian Holiday

Chennai: Port Wings News Network: A remarkable start to 2018 continues at the Port of Long Beach, which followed a record January with a historic high in cargo volume for February. During the month, 661,790 twenty-foot equivalent units (TEUs) moved through the Port, a 32.8 percent increase compared to last …

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