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Monthly Archives: May 2019

Denis Petropoulos Appointed New Baltic Exchange Chairman

Chennai: Port Wings News Network: Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from 1 June 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and remains a significant shareholder at …

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Kerry Logistics Extends Into Coffee Trading

Chennai: Port Wings News Network: Kerry Logistics Network Limited on 15 May 2019 announced the establishment of Kerry Coffee (Hong Kong) Limited to extend its business into the trading of coffee and related products, as well as to further deepen its partnership with Italian coffee group illycaffè. According to a …

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Inaugural Session of WTO Ministerial Meeting Begins in New Delhi

New Delhi: Port Wings News Network: Commerce Secretary, Dr.Anup Wadhawan, welcomed senior officials of participating delegations from Developing and Least Developed Countries (LDCs) who are meeting in New Delhi over two days to discuss key issues and challenges facing the multi-lateral trading system. Speaking at the inaugural session, Commerce Secretary …

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India, China Sign Protocol For Export of Indian Chilli Meal

New Delhi: Port Wings News Network: Commerce Secretary, Anup Wadhawan and Vice Minister, General Administration of Customs of China (GACC), Li Guo, held a meeting in New Delhi recently to discuss trade related issues of pending Indian request for clearance of agricultural products. According to a media statement, both sides …

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Hapag-Lloyd’s Result Significantly Up in First Quarter

Chennai: Port Wings News Network: Hapag-Lloyd closed the first quarter of 2019 with a significantly higher operating profit as Earnings before interest and taxes (EBIT) increased to EUR 214 million (Q1 2018: EUR 51 million). The Group net result increased to EUR 96 million (Q1 2018: EUR -34 million). Earnings …

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Mumbai Port Trust Makes Cruising History

Mumbai: Port Wings News Network: Mumbai Port has been taking a number of initiatives to make Mumbai into the cruising capital of India. Home Porting by‘Costa, completion of the ‘Domestic Cruise Terminal, and starting of Mumbai Goa Cruise by ‘Angriya ship have been three big initiatives. The new International Cruise …

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