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Monthly Archives: April 2018

Baltic Exchange Sets Out Modernised Code for Freight Market

Chennai: Port Wings News Network: The Baltic Exchange will be introducing a modernised code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets. Following a detailed review of the current arrangements led by law firm Norton Rose Fulbright with oversight by the Baltic Exchange …

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Sabari Logistics Launches Third Warehouse Facility in Chennai

Chennai: Port Wings News Network: The Chennai-based Sabari logistics has inaugurated its third warehousing facility built on 52,000 sqft at Ariyalur village near Ponneri on 21 April. Mr Balakumar, Assistant General Manager in Canara Bank, inaugurated the facility in the presence of Mr S Padmakumar, Chairman of Sabari Group, Mr …

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Paradip Port Organises Swachh Bharat Abhiyan at Creek Side

    Paradip: Port Wings News Network: Paradip Port Trust (PPT)on 22 April 2018 conducted a special cleaning drive at the local Creek Side in the Port Township. Led by Shri Rinkesh Roy, Chairman, PPT, various departments of Paradip Port Trust, in association with the Paradip Municipality and Paradip Sakshyrata …

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Suresh Prabhu Presents CHEMEXCIL Export Awards

Mumbai: Port Wings News Network: Union Minister for Commerce & Industry and Civil Aviation, Shri Suresh Prabhu gave away the CHEMEXCIL Export Awards and Certificates of Merit for the year 2016-’17, at a glittering function organized in Mumbai on 21 April. The awards have been given in recognition of firms’ outstanding …

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Kamarajar Port Clocks Record Rs 656 Crores Revenue in 2017-18

Chennai: Port Wings News Network: Kamarajar Port Limited (KPL), country’s only corporate major port under the administrative control of the Ministry of Shipping, Government of India, and located at Ennore in Tamil Nadu, has clocked a whopping revenue of Rs 656 crores during financial year 2017-18. Revealing the details during a …

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CMA CGM Acquires 25% Stake in CEVA Logistics

Chennai: Port Wings News Network: CMA CGM, a worldwide leading shipping company, announces it has reached an agreement to acquire an equity stake of nearly 25% of CEVA Logistics AG (“CEVA”), a global leading player in the logistics sector. CMA CGM has committed to subscribe for mandatory convertible securities of CEVA …

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