New Delhi: Port Wings News Network: The Union Minister of Agriculture and Farmers’ Welfare, Radha Mohan Singh met the Minister of Foreign Affairs and European Integration of the Republic of Moldova, Tudor Ulianovschi, in New Delhi on Tuesday, 14th August and called for strengthening traditional ties between the two countries …

 Chennai: Port Wings News Network :  German shipping company Hapag Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operating costs from fuel costs, charter rates and a slow recovery in freight rates. The Company said that they have implemented additional measures to recover …

New Delhi: Port Wings News Network: To further strengthen our strong bilateral relations with Fiji, an Indian Naval Ship (INS) Sahyadri entered Port of Suva this morning on a goodwill visit. The Naval Ship is visiting Republic of Fiji enroute to India after participation in the RIMPAC 2018 at Hawaii. …

Chennai: Port Wings News Network: While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win-out in the long run, according to the Global Container Terminal Operators Annual Review and Forecast 2018 by global shipping consultancy Drewry. Against …

Chennai: Port Wings News Network: The China Navigation Company (CNCo), celebrated the official opening of its new branch office in Vancouver, British Columbia, Canada, on 9 August 2018. The opening ceremony was graced by The Honourable, Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque …

Chennai: Port Wings News Network: Trade expansion will likely slow further in the third quarter of 2018 according to the WTO’s latest World Trade Outlook Indicator (WTOI) released on 9 August. The most recent WTOI reading of 100.3 is below the previous value of 101.8 and just above the baseline …

Chennai: Port Wings News Network: In a follow up to their January announcement, A.P. Moller – Maersk (MAERSKb.CO) and IBM (NYSE: IBM) on 9 August announced the creation of TradeLens, jointly developed by the two companies to apply blockchain to the world’s global supply chain. TradeLens is the result of …

Chennai: Port Wings News Network: Global trade enabler, DP World on 7 August announced the signing of the acquisition of 100% of the Unifeeder Group (“Unifeeder”) for €660 million from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus (Denmark), Unifeeder operates the largest and most densely connected …

Chennai: Port Wings News Network: Following its acquisition of shares from Singapore Telecommunications Limited and Civil Aviation Authority of Singapore earlier this year, PSA International Pte Ltd (“PSA”), an existing shareholder of CrimsonLogic Pte Ltd (“CrimsonLogic”), has taken majority control through an additional subscription of shares and share purchase from …

New Delhi: Port Wings News Network: A collision incident has been reported to the Directorate General of Shipping, under Ministry of Shipping, involving a fishing boat “OCEANIC”, registered in Kerala and an unknown merchant vessel. The date, time and position of the casualty was reported as 7th August 2018, 03:30 …

Port Wings, 8 August 2018: During his visits to various countries in the last four years, Prime Minister Narendra Modi has made remarkable strides in convincing the investors over there on his government’s Make-In-India project and to invest in India. However, his energy in convincing the overseas investors could go …

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Aviation Suresh Prabhu launched Niryat Mitra – mobile App in New Delhi on 8 August 2018. The app developed by the Federation of Indian Export Organisations (FIEO) is available both on Android and on IOS platforms. It …

New Delhi: Port Wings News Network: Even as the work on the development of Jal Marg Vikas Project (JMVP) on Ganga is going on in full steam, a team of IWAI held a two day long intensive advocacy and communications outreach at Sahibganj and Rajmahal in Jharkhand. The public meetings …

New Delhi: Port Wings News Network: The Minister for Road Transport & Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari launched Bidder Information Management System (BIMS) and Bhoomi Rashi and PFMS linkage – two IT initiatives of the Road Transport & Highways Ministry that are aimed …