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ICTSI 9M2018 Revenues Up 10% to USD1 Billion

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) on 7 November 2018 reported unaudited consolidated financial results for the first nine months of 2018 posting revenue from port operations of US$1.0 billion, an increase of 10 percent over the US$918.3 million reported in the same period in …

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Traffic Growth Slows in September: IATA Report

Chennai: Port Wings News Network: The International Air Transport Association (IATA) announced global passenger traffic results for September showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.5% compared to the same month in 2017. This was a slowdown from the 6.4% growth recorded in August year-over-year. Capacity …

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Editorial: Good News for Modi Government in Election Year

Port Wings, 07 Nov 2018: With the World Bank’s Doing Business Report giving thumps-up to Indian government on business sentiment, it has come as a big reprieve for the ruling Bharatiya Janata Party just before the long election season in the country. While five important states are going to Assembly …

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Indian Register of Shipping Plays Central Role at INMARCO

Chennai: Port Wings News Network: The Indian Register of Shipping (IRClass) continues to play a central role at the International Maritime Conference and Exhibition (INMARCO) which is held every four years. Organised by the Institute of Marine Engineers (India), this year’s INMARCO will see a packed programme of technical discussions …

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Chennai Port Observes Vigilance Awareness Week

Chennai: Port Wings News Network: The observance of Vigilance Awareness Week 2018 has commenced at Chennai Port Trust with the theme “Eradicate Corruption – Build A New India”. Shri. P. Ravindrababu, IRSME, CVO, ChPT delivered welcome address highlighting the importance of Preventive Vigilance. Shri. P. Ravindran, IRTS, Chairman, ChPT administered …

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Kamarajar Port Observes Vigilance Awareness Week

Chennai: Port Wings News Network: Kamarajar Port Limited under the Ministry of Shipping is observing Vigilance Awareness Week – 2018 from 29th October 2018 to 3rd November 2018 at its Registered Office and Port Office as per Central Vigilance Commission Guidelines. The observance of the week started with administering the …

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Container Traffic Grows by 20% in Port of Gothenburg

Chennai: Port Wings News Network: From January to September 2018, 560,000 containers (TEU) were handled at the Port of Gothenburg. Container traffic is up 20% compared with the preceding year, and energy product flows remain consistently strong. New car figures rose by 4% but now appear to be levelling off, …

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