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Monthly Archives: November 2018

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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ICTSI 9M2018 Revenues Up 10% to USD1 Billion

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) on 7 November 2018 reported unaudited consolidated financial results for the first nine months of 2018 posting revenue from port operations of US$1.0 billion, an increase of 10 percent over the US$918.3 million reported in the same period in …

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Traffic Growth Slows in September: IATA Report

Chennai: Port Wings News Network: The International Air Transport Association (IATA) announced global passenger traffic results for September showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.5% compared to the same month in 2017. This was a slowdown from the 6.4% growth recorded in August year-over-year. Capacity …

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Editorial: Good News for Modi Government in Election Year

Port Wings, 07 Nov 2018: With the World Bank’s Doing Business Report giving thumps-up to Indian government on business sentiment, it has come as a big reprieve for the ruling Bharatiya Janata Party just before the long election season in the country. While five important states are going to Assembly …

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Indian Register of Shipping Plays Central Role at INMARCO

Chennai: Port Wings News Network: The Indian Register of Shipping (IRClass) continues to play a central role at the International Maritime Conference and Exhibition (INMARCO) which is held every four years. Organised by the Institute of Marine Engineers (India), this year’s INMARCO will see a packed programme of technical discussions …

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