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Monthly Archives: March 2018

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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Editorial:Track Modernization Need of the Hour

Port Wings, 14 March 2018: The decision by the Life Insurance Corporation of India to invest about 1.5 lakh crore in Indian Railways and subsequent clearance by the Finance Ministry last year is a welcome move indeed. Even though the LIC has been investing in public-sector firms for the past …

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Nhava Sheva (India) Gateway Terminal Accomplishes Another Milestone

Mumbai: Port Wings News Network: Global trade enabler DP World operated the Nhava Sheva (India) Gateway Terminal celebrated the commencement of INDAMEX (India America Express) service operated by a consortium of four vessel operators – CMA CGM, Hapag Lloyd, NYK and OOCL. This weekly service connects Nhava Sheva to the …

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