Chennai: Port Wings News Network: The all India Readymade Garment exports recorded Rs.1,12,715 Crore in 2018-19 against Rs.1,07,679 Crore achieved in 2017-18, with a  positive growth of 4.7% revealed by Ministry of Commerce and Industry. In a press release, Shri. Raja M Shanmugham, President said the knitwear exports from Tirupur …

Port Wings, 17 April 2019: According to World Bank officials from the Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, the global outlook foresees a moderate slowdown in economic activity, with lingering downside risks. Global trade growth has weakened, while investment prospects have …

Chennai: Port Wings News Network: AirBridgeCargo Airlines (ABC) has chosen Worldwide Flight Services (WFS) as its handling partner to accelerate its strategic partnership with Liege Airport ahead of the opening of the first phase of its new dedicated cargo area at the airport at the end of 2019. The cooperation …

New Delhi: Port Wings News Network: Reacting to the overall merchandise exports figures for the FY 2018-19, Mr Ganesh Kumar Gupta, President, FIEO said that amid slowing global trade, India’s exports registered an all-time high of USD 331 billion for the fiscal with a growth of 9.06 percent as against …

Chennai: Port Wings News Network: TecPlata, the new container terminal located in Argentina’s Puerto de La Plata, recently began operations, with an opening ceremony that was attended by the vice governor of the province of Buenos Aires, the Minister of Production and several other national, provincial and municipal officials. The …

Mumbai: Port Wings News Network: The Shipping Corporation of India Ltd (SCI) has been awarded with the ‘Most Compassionate Employer of India seafarers’ by the NMDC Central Committee for being the pioneer and for continuing to make special efforts for the welfare and development of the Indian seafarers. he Award …

Singapore: Port Wings News Network: Classification society DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), announced that they have signed a framework agreement to boost the uptake of liquefied natural gas (LNG) as ship fuel. The agreement covers potential newbuilding …

Cochin: Port Wings News Network: Global trade enabler DP World operated International Container Transshipment Terminal (ICTT) added a new weekly mainline service, China-India Express 2 (CI2) operated by Wan Hai Shipping Line. The maiden vessel called on DP World Cochin on 9 April, 2019. The service will strengthen the direct …

Chennai: Port Wings News Network: Located optimally on Zealand in Denmark, the planned warehouse facility of more than 150,000 m2 will become DSV’s largest hub in Northern Europe, and thereby a future gateway from Denmark to Scandinavia. The construction of the new facility is well underway no more than a …

Chennai: Port Wings News Network: Director-General Roberto Azevêdo joined with IMF Managing Director Christine Lagarde and World Bank CEO Kristalina Georgieva on 10 April to argue for renewed efforts to leverage trade as a force to reduce poverty. DG Azevêdo argued that the current trade tensions could undermine recent progress …

Port Wings, 10 April 2019: At last, the day has indeed come. The 7-phased general election to send lawmakers to Indian Parliament is to start on 11 April. Politicians cutting across party lines are already in high-decibel campaign mode to woo votes in the world’s largest exercise in democracy. Polling …

Chennai: Port Wings News Network: Kerry Logistics Network Limited announced the signing of a memorandum of understanding between its subsidiary, KLN (Singapore) Pte Ltd, and Laos’s Sitthi Logistics for the establishment of a joint venture to develop a dry port in the Vientiane Logistics Park in Laos. The signing ceremony …

Chennai: Port Wings News Network: Port operator International Container Terminal Services, Inc. (ICTSI) has welcomed concrete steps taken by the Philippine government to clear Manila ports of overstaying cargo. Christian R. Gonzalez, ICTSI Global Corporate head hailed collaborative and complementing efforts of the Philippine Ports Authority (PPA), the Department of …