New Delhi: Port Wings News Network: Trade growth is likely to slow further into the fourth quarter of 2018 according to the WTO’s latest World Trade Outlook Indicator (WTOI) released on 26 November. The most recent WTOI reading of 98.6 is the lowest since October 2016 and reflects declines in …
Read More »Monthly Archives: November 2018
Port Day Celebrations at Paradip Port
Paradip: Port Wings News Network: The Port Day was observed on the auspicious day of Kartik Purnima by the Paradip Port Trust Authorities on 23 November 2018 as being done every year. On this occasion, Shri Rinkesh Roy, Chairman, Paradip Port Trust attended the function as Chief Guest and unfurled …
Read More »WTO, UNCTAD, ITC Sign MoU To Provide Businesses With Better Access to Trade Data
Chennai: Port Wings News Network: The WTO, the United Nations Conference on Trade and Development (UNCTAD) and the International Trade Centre (ITC) on 23 November signed a Memorandum of Understanding to advance the development of an online platform — the Global Trade Helpdesk — aimed at providing businesses, and particularly …
Read More »WTO Report Shows Sharp Rise in Trade-Restrictive Measures From G20 Economies
Chennai: Port Wings News Network: The WTO’s 20th monitoring report on Group of 20 (G20) trade measures issued on 22 November shows that the amount of trade covered by new import-restrictive measures hit a new high during the current reporting period. The estimated US$ 481 billion in trade coverage of …
Read More »Gothenburg RORO Traffic Goes Up, European Network Expanding
Chennai: Port Wings News Network: In nine years, volumes between Belgium during have doubled, and the number of departures has risen from 12 to 16. The prospects for ro-ro traffic between Sweden and the continent are certainly looking bright. Volumes between Gothenburg and Belgium have increased for the ninth year …
Read More »DMICDC Logistics Data Services at V. O. Chidambaranar Port Commences
Tuticorin: Port Wings News Network: V. O. Chidambaranar Port Trust has launched the DMICDC Logistics Data Services to facilitate container tracking service at two container terminals M/s. PSA-Sical (TCT) & M/s. DBGT on 21 November 2018. Shri.N.Vaiyapuri, Deputy Chairman, V. O. Chidambaranar Port Trust flagged off the Service in the …
Read More »“Coastal Shipment Will Bring Twin Advantages,” Says Kakinada Sea Ports COO Muralidhar
Chennai: Port Wings News Network: From the port sector, we are focusing to enhance co-efficient in ‘Coastal Shipment’ mainly will bring twin advantages of reduced costs and bringing coastal ports into proximity and releasing pressure on Rail & Road systems, which can be used for alternate sources of economy and …
Read More »Avianca Cargo Arrives in Brussels, Connecting South America and Europe
Chennai: Port Wings News Network: On 18 November, Avianca Cargo made its maiden cargo voyage under its own operation to connect cargo between Europe and South America. With its own fleet of A330-200 cargo aircraft, the company intends to offer its customers an extended network in Europe, operating direct cargo …
Read More »APM Terminals Pipavav Trains Local Youth to be Self-Reliant
Chennai: Port Wings News Network: APM Terminals Pipavav, selected 62 apprentices from among 140 applications received from local youth. The objective of the apprenticeship training is to hone the technical and soft skills of the qualified unemployed youths to enhance their employability in future. Additionally, they will be educated in …
Read More »Hamburg Süd Receives Prestigious Global Freight Award
Chennai: Port Wings News Network: Sustainable action is a matter of course for Hamburg Süd – in the interests of the environment, society and employees as well as its customers. Reducing emissions plays an important role in this. For its commitment in this area, the shipping company has now received …
Read More »IW-1 To Increase Exim Trade; Haldia Poised to be Transshipment Port
Chennai: Port Wings News Network: The recently inaugurated Multimodal Terminal on Inland Waterways-1 for transporting containerized cargo between Varanasi in Uttar Pradesh and Haldia Port in West Bengal is expected to provide a significant push to exim trade from Eastern India, especially from Kolkata and its catchment areas. It is …
Read More »12 Major Ports Dispatch ‘Gaja’ Cyclone Relief Materials to Affected Areas in Tamil Nadu
Chennai: Port Wings News Network: On behalf of the 12 Major Ports of India, the first set of Relief materials to the Gaja Cyclone affected places Thiruvarur, Thanjavur, Nagapattinam and Pudukottai (in Tamil Nadu state) were flagged off from Tuticorin by Shri A.N.Raja Kannan, Trustee, V.O.Chidambaranar Port Trust and Shri …
Read More »Mission to Seafarers Signs MoU with Panama for Seafarer Welfare Services
Chennai: Port Wings News Network: International seafarer welfare charity, The Mission to Seafarers, has signed an agreement with the Panama Maritime Authority for the provision of seafarer welfare services in Panama. The Memorandum of Understanding (MoU) between the Mission and Panama was signed yesterday by the Revd Canon Andrew Wright, …
Read More »9th Edition of e-Navigation Underway International Conference in February 2019
Chennai: Port Wings News Network: The 9th edition of the e-Navigation Underway International conference will take place from February 6th to 8th 2019 and focus on implementation of e-navigation solutions. The conference is a recurring event, which will bring together international e-navigation experts from all over the world. For digitalization …
Read More »ICTSI Wins Fifth Straight The Asset ESG Tilt
Chennai: Port Wings News Network: Port operator International Container Terminal Services, Inc. (ICTSI) has once again been honored as among the elite Asian companies that has shown all-round excellence in environmental, social and corporate governance (ESG) by Hong Kong-based financial magazine The Asset, winning the highest Platinum ESG citation for …
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