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Monthly Archives: January 2019

Major Ports Register Positive Growth of 3.77%

New Delhi: Port Wings News Network: The major ports in India have recorded a growth of 3.77% and together handled 518.6 Million Tonnes of cargo during the period April to December, 2018 as against 499.7 Million Tonnes handled during the corresponding period of previous year. For the period from April- …

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Chidambaranar Port Organizes Trade Meet in Coimbatore- Pollachi

Tuticorin: Port Wings News Network: VO Chidambaranar Port jointly with Dakshin Bharat Gateway Terminal(DBGT), Tuticorin Ship Agent’s Association(TSAA), Tuticorin Customs Broker’s Association(TCBA) and Tuticorin CFS Association(TCFSA) organized a massive trade meet on 9 January 2019 in Pollachi and Coimbatore. Meet was held to appraise the users about recent developments at …

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DP World Cochin Registers Exponential Growth

Cochin: Port Wings News Network: Global trade enabler DP World operated India Gateway Terminal Pvt. Ltd. (IGTPL) delivered a compound annual growth rate (CAGR) of 13.57% in the past 3 years. This has surpassed the three year CAGR of 11.41% registered at all Indian ports. India’s first international transshipment terminal …

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IRClass Review of 2018 and Projections for 2019

New Delhi: Port Wings News Network: The Indian Register of Shipping (IRClass) continues to record steady growth in its classed fleet, flag recognition and geographical presence, mirroring the shipping industry’s ongoing recovery. Fleet Growth With tankers and bulk carriers continuing to dominate IRClass’ tonnage, the classed fleet has grown more …

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Korean Register Launches New IHM service & Secures NSC Contract

New Delhi: Port Wings News Network: NSC Group has signed an agreement with Korean Register (KR) for the IACS (International Association of Classification Societies) classification society to provide IHM (Inventory of Hazardous Materials) services across the NSC Group’s fleet of container vessels, bulk carriers, conbulkers, car carriers and tankers. From …

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Freight Derivative Trade Volumes Up In 2018

New Delhi: Port Wings News Network: Figures compiled by the Baltic Exchange reveal that the overall volume of Forward Freight Agreement (FFA) trades increased in 2018. Freight derivative volumes in the tanker market rose by 20% in 2018 hitting 321,962 lots, volumes in the dry market rose 1.4% to 1,196,929 …

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National Commission for Scheduled Tribes Chairman Visits Mormugao Port

Panaji: Port Wings News Network: The National Commission for Scheduled Tribes visited Mormugao Port Trust on 09.01.2019 under the Chairmanship of Dr. Nand Kumar Sai, alongwith other dignitaries of the Commission. The Commission held discussion with Scheduled Tribes Association of MPT and Management of MPT regarding implementation of Reservation Policy …

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Credit Flow to Exporters Nosedive by Over 54 %

New Delhi: Port Wings News Network: Expressing concern over a sharp annualized drop of over 54 per cent in the gross bank credit deployment in the export sector, EEPC India has said the RBI and the Government need to ensure timely and less expensive credit for the exporters, along with …

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CONCOR Commences Coastal Operations

New Delhi: Port Wings News Network: Ministry of Railways PSU, Container Corporation of India Ltd (CONCOR’s) maiden voyage vessel- SSL Mumbai is flagged off from Kandla Port to Tuticorin Port by Shri Piyush Goyal, Minister of Railways & Coal & Shri Nitin Gadkari, Minister of Road Transport & Highways, Shipping …

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Container Fire on “Yantian Express” Now Under Control

Chennai: Port Wings News Network: On 3 January, a fire broke out in one container on the deck of the “Yantian Express” and spread to additional containers. In the meantime, efforts to extinguish the fire have made continuous progress under the direction of the salvage company Smit and in cooperation …

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