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Insufficient Capacity Dampens Air Cargo in August: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets in August showing that improvement remains slow amid insufficient capacity. Demand moved slightly in a positive direction month-on-month; however, levels remain depressed compared to 2019. Improvement continues at a slower pace than …

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1,300-Tonne LNG Tank Hoisted On Board The “Sajir”

Chennai: Port Wings News Network: When a LNG tank weighing 1,300 tonnes was hoisted into the “Sajir” by a floating crane recently, it marked another milestone in the conversion of the 15,000 TEU Hapag-Lloyd ship. Over the previous three weeks, the ship’s hold had been prepared for the installation. The …

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JNPT Celebrates ‘Hindi Pakhwada’ With Great Enthusiasm and Dedication

Mumbai: Port Wings News Network: Jawaharlal Nehru Port Trust (JNPT), India’s premier container port, observed Hindi Pakhwada with great zeal following all the preventive measures amended by the Department of Official Language, Ministry of Home Affairs, Government of India in wake of the Covid-19 pandemic. Hindi Pakhwada is celebrated in …

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ICTSI 1H2020 Net Income Down 12% to US$113.4M

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first half of 2020 posting revenue from port operations of US$724.3 million, a decrease of four percent from the US$751.8 million reported for the same period last year; Earnings Before Interest, …

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Federal Transport Authority Signs MOU with SAFEEN

Chennai: Port Wings News Network: The Federal Transport Authority (FTA) – Land & Maritime has signed a Memorandum of Understanding (MOU) with SAFEEN, the marine services subsidiary of Abu Dhabi Ports, to provide emergency response services and support maritime rescue operations across the territorial waters of the United Arab Emirates. …

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