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Monthly Archives: November 2018

Editorial: An Indelible Mark, Even After Two Years

Port Wings, 14 Nov 2018: Two years have passed since the Prime Minister Narendra Modi’s announced demonetization of all notes in denominations of Rs 500 and Rs 1000. When he made the announcement in 2016, it has snowballed into an unprecedented financial crisis in the country and left an indelible …

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ICTSI Offers To Develop Iloilo Port Complex & Port of Dumangas

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) has submitted a proposal to the Philippine Ports Authority (PPA) to develop two ports in Iloilo – the Iloilo Port Complex and the Port of Dumangas, an investment estimated to cost over P5 billion. In line with the future …

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Commerce Minister Leads Delegation for RCEP Meet in Singapore

Chennai: Port Wings News Network: The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, is leading the delegation for the meeting for trade Ministers of RCEP member countries which is taking place in Singapore on November 12-13, 2018. The Regional Comprehensive Economic Partnership (RCEP) is a pact …

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October Cargo Strong in Long Beach

Chennai: Port Wings News Network: For the second consecutive year, the Port of Long Beach has broken its October record for cargo, as volumes rose 5.4 percent compared to the same month in 2017. October 2018 was also the third-busiest month in the Port’s 107-year history. Marine terminals handled 705,408 …

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Mixed Picture Behind 2% Increase in September Air Freight Growth

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 2.0% in September 2018, compared to the same period the year before. This pace of growth was relatively unchanged from the previous …

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Guayaquil Port Dredging Welcomed by ICTSI Ecuador Unit

Chennai: Port Wings News Network: Contecon Guayaquil SA (CGSA), the Ecuadorian subsidiary of International Container Terminal Services, Inc. (ICTSI), welcomes the recent decision by the Guayaquil government to dredge and maintain the channel leading to the Port of Guayaquil. Through an international tender, the Technical Commission of the Municipality of …

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Hapag-Lloyd With EUR 300.8 Million EBIT After Nine Months

Chennai: Port Wings News Network: Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million) and a significantly improved group net result of EUR 113.4 million (Q3 2017: EUR 51.8 million). In the first nine months …

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