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Monthly Archives: March 2018

Amsterdam Container Terminal Connects with New Silk Road

Chennai: Port Wings News Network: A new direct connection has been launched between Amsterdam Container Terminal and Yiwu in China as part of the new Silk Road connecting two of the world’s leading economies. The first train set off on its 11,000 kilometre, 16-day journey on 7 March 2018 from …

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Government Announces Financial Assistance Policy for Shipyards

New Delhi: Port Wings News Network: The Union Government has introduced a Rs.4000 Crores Financial Assistance Policy (FAP) for Indian shipyards for a period of 10 years, for contracts secured between 01.04.2016 and 31.03.2026, the Minister of State for Shipping Shri Pon Radhakrishnan informed in a written reply to a …

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Air Cargo Off to a Robust Start in 2018: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 8.0% in January 2018 compared to the year-earlier period. This was up from the 5.8% annual growth recorded in December 2017. Freight …

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Chennai Port Surpasses Previous Record Handling of Rock Phosphate

      Chennai: Port Wings News Network: The Chennai Port has recorded another landmark performance, by handling Rock Phosphate of 21,050 Tonnes, imported from the vessel m.v. BULKTEC on 04 March 2018. According to a media statement by the port authorities, the noteworthy achievement surpasses the previous record of …

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2 Luxury Cruise Vessels Call at New Mangalore Port

Mangalore: Port Wings News Network: M.V. COSTA VICTORIA with 1771 passengers and 809 crew and M.V. INSIGNIA with 612 passengers and 407 crew called at New Mangalore Port on 3 March 2018. This is the 19th and 20th cruise vessel calling at the port during the current financial year 2017-18. …

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Leading Exporters Meet Union Finance Secretary Hasmukh Adhia

Chennai: Port Wings News Network: A meeting with Dr. Hasmukh Adhia, IAS, Union Finance Secretary held at Chennai with leading exporters and FIEO on 2 March 2018 wherein senior officials from State GST, Central GST, Customs including Dr. C. Chandramouli, Additional Chief Secretary and Commissioner of State Taxes, Govt. of …

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