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Chidambaranar Port Handles Record 7 lakh TEUs in Financial Year 2017-18

Tuticorin: Port Wings News Network: During the financial year 2017-18, V.O. Chidambaranar  Port  Trust (erstwhile Tuticorin Port Trust)  handled cargo traffic of 365.83  lakh  tonnes against  the previous year’s achievement of 384.63  lakh tonnes,  registering a  decrease of  4.89 %. According to a media statement, the imports have accounted for …

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Editorial: US Trade Tariffs on Steel and Impact on India

Port Wings, 18 April 2018: Last month the United States President Donald Tump imposed 25% tariffs on steel imports into the county, citing concerns about the dumping of cheap imported steel ruining American industries and taking away jobs. Given the trade relations between the US and India, it is important …

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Air Freight Up 6.8% in February but Protectionist Risks Remain

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released demand growth results for global air freight markets for February 2018 showing a 6.8% increase in demand measured in freight tonne kilometers (FTKs) compared to the same period last year. Adjusting for the potential Lunar New Year distortions …

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Editorial: Kudos to Paradip Port

Port Wings, 4 April 2018: For every Indian, who loves the port sector and keenly watches its growth over the years, Paradip Port’s achievement of handling 100 MT cargo in a financial year is something bigger than India winning a gold medal in Olympics or clinching a T20 World Cup …

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