Chennai: Port Wings News Network: With a stricter International Maritime Organisation emissions regulation (IMO 2020) coming into force as of 1 January 2020, the new sulphur cap for compliant fuel oil will be lowered from 3.5% to 0.5%. This new regulation will significantly improve the ecological footprint of the shipping …

Chennai: Port Wings News Network: UTC Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), on 8 October 2018 unveiled a new Lightweight Ballistic Protection System (LBPS) for its Cargo On/Off Loading System (COOLS) for the CH-47 Chinook. Depending on the level of protection selected, the new LBPS can …

Chennai: Port Wings News Network: The volume of containerized cargo transportation from China to Europe through all border crossings, including through Kazakhstan, increased 77% in 2017 and amounted to more than 262 000 containers, Oleg Belozyorov, CEO of Russian Railways, has said. He was speaking at the plenary meeting of …

Chennai: Port Wings News Network: As part of the International Transport and Logistics Forum PRO/Motion.1520, a round-table discussion on the topic “Unified digital platform for the Russian transportation complex” was held in Sochi on 3 October 2018. The discussion focused mainly on the increase of efficiency and quality of customer …

Chennai: Port Wings News Network: Kerry Logistics Network Limited on 2 October announced the consolidation of its global project logistics services under the Kerry Project Logistics brand to meet the growing demand for total logistics solutions for large-scale, complex projects worldwide. With the joining of Saga Italia S.p.A. (‘Saga Italia’) …

Chennai: Port Wings News Network: Union Minister of State for Finance and Shipping Shri Pon. Radhakrishnan on 5 October held discussions on four-lane Elevated Link Road Project from Chennai Port to Maduravoyal at Chennai Port Premises. Joint Secretary (Ports), Ministry of Shipping, Chairman, Chennai Port Trust, and senior officials of …

New Delhi: Port Wings News Network: Welcoming the decision to increase bilateral trade between India and Russia to USD 25 Billion by 2025, Mr Ganesh Kumar Gupta, President, FIEO said that such target is achievable, as this only requires a Compound Annual Growth Rate (CAGR) of 12.9%, provided some of …

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, released a study by the Department of Commerce on India-China Trade.  The report tries to analyze the magnitude, extent and plausible reasons of India’s rising trade deficit with China. The Commerce Minister said …

Ahmedabad: Port Wings News Network: By handling the largest non-urea fertiliser shipment from a vessel MV PRIGIPOS in their facility few days ago, Adani’s Mundra Port in Gujarat has set a new benchmark in vessel handling efficiency. According to a media statement, the vessel arrived at Adani’s Mundra Port on …

New Delhi: Port Wings News Network: Reacting to the Indian Rupee falling below the psychological mark of 74 against the dollar, immediately after the RBI announcement of status quo on the Repo Rates, Mr Ganesh Kumar Gupta, President, FIEO said that though Rupee has depreciated by over 13% in 2018, …

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, recently reviewed the sectoral export promotion plans prepared by Ministries and Departments of the Government of India. The Commerce Ministry is focusing on nine sectors- gems and jewellery, leather, textile and apparel, engineering, …

Mumbai: Port Wings News Network: India’s Maritime Administration must initiate major regulatory reforms for maritime training and education sector to calibrate its sea-faring supply side mechanism as countries with smaller population has out-stripped India in the supply of seafarers and marine officers. According to a white paper issued by Maritime …

Cochin: Port Wings News Network: Dr. M. Beena IAS, a native of Trivandrum and doctor by profession, has assumed the charge as Chairman, Cochin Port Trust on 04 Oct 2018. She was the Managing Director, KSIDC and CEO, Smart City Trivandrum prior to joining Cochin Port Trust. She was also …

Chennai: Port Wings News Network: The 2018 edition of the WTO’s flagship publication, the World Trade Report, finds that digital technologies — namely the Internet of Things, artificial intelligence, 3D printing and Blockchain — will have a profound impact on global trade, adding up to 34 percentage points to trade …

Chennai: Port Wings News Network: SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has announced during SIBCON 2018 that it has welcomed the Maritime and Port Authority of Singapore (MPA) to its membership coalition. The MPA becomes the …