Mumbai: Port Wings News Network: PSA’s Bharat Mumbai Container Terminals (BMCT) on 18 October 2019 handled its one millionth TEU during the call of CMA CGM’s M.V Bermuda. BMCT achieved the record in the presence of Shri Sanjay Sethi, IAS, Chairman, Jawaharlal Nehru Port Trust (JNPT), Mr Ugo Vincent, CMA …

Chennai: Port Wings News Network: Based on the financials for the third quarter and the updated outlook for freight rates, volumes and bunker fuel prices for the rest of the year, A.P. Møller – Mærsk A/S (APMM) has upgraded its expectation for the 2019 result. APMM’s new expectation for earnings …

Mumbai: Port Wings News Network: The Directorate General of Shipping (DGS) has shuttered 14 maritime training institutes in the country for indulging in fraudulent practices as India’s maritime administration steps up efforts to improve the training quality in a bid to capture a larger share of the global seafarers’ market, …

New Delhi: Port Wings News Network: Union Finance Minister, Smt Nirmala Sitharaman, has said that the global economic risks and imbalances reinforce the need to strengthen global co-operation at the multilateral level, besides governmental initiatives. She stated this in her intervention during International Monetary and Financial Committee (IMFC) Plenary Session …

New Delhi: Port Wings News Network: This year has already seen an alarming number of container ship fires including Yantian Express, APL Vancouver, Grande America, E.R. Kobe and KMTC Hong Kong. The escalation is of growing concern to IUMI (International Union of Marine Insurance) who used a recent forum to …

New Delhi: Port Wings News Network: The current export of US$ 17.6 billion does not reflect the true potential of trade between India and Japan, Mr S K Saraf, President, FIEO, has said. Addressing the session on Trade & Business Opportunities between India and Japan, Mr Saraf said that the …

Chennai: Port Wings News Network: MSC Mediterranean Shipping Company, a global leader in transportation and logistics, has decided not to use the Arctic as a new short cut between northern Europe and Asia and will instead focus on improving environmental performance on existing global trade routes. The Northern Sea Route …

Chennai: Port Wings News Network: Royal Boskalis Westminster N.V. (Boskalis) and biofuels supplier GoodFuels are set to take the next key step in the ‘Boskalis on Bio’ program for the testing of sustainable bio-fuel oil. Following earlier successful tests with ‘drop-in’ blends of light biofuel and marine gas oil, Boskalis’ …

Tuticorin: Port Wings News Network: Confederation of Indian Industry (CII) Thoothukudi District organized the 7th edition of CII Conference on Logistics 2019 with the theme “Thoothukudi – Transshipment Hub” on 16 October 2019 at Hotel DSF Grand Plaza, Thoothukudi. Addressing the gathering, Mr T K Ramachandran, Chairman, V.O. Chidambaranar Port …

Paradip: Port Wings News Network: As part of regular review of major ports in country after assuming the charge as Minister of State for Shipping (I/C), Union Minister Shri Mansukh Mandaviya made his first official visit to Paradip Port Trust on 16 October 2019. During the visit, Shri Mandaviya was …

Chennai: Port Wings News Network: A high level 37 member FIEO business delegation led by Mr. Israr Ahmed, Regional Chairman, FIEO Southern Region will be visiting Nairobi and Addis Ababa from 17 to 22 November, 2019 to explore business opportunities in Agriculture, Machineries and Food Processing sector. The program is …

Chennai: Port Wings News Network: AET, leading petroleum tanker owner and operator, on 16 October 2019 named its newest vessels, two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in 2008, …

Port Wings, 16 October 2019: In the latest disclosure, the World Bank has projected that India’s growth rate may fall to 6 per cent. In 2018-19, the growth rate of the country stood at 6.9 per cent. The report, which has been released ahead of the annual meeting of the …

New Delhi: Port Wings News Network: The Ministry of Shipping is working on a plan to develop a National Grid for Ports based on synergy between the Major and Minor ports in the country, Shri Mansukh Mandaviya, MoS (I/C) for Shipping and MoS Chemical and Fertilizers, has said. He made …