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DP World Announces Strong Financial Results

Chennai: Port Wings News Network: DP World has announced robust financial results for the year ended 31 December 2019. On a reported basis, revenue grew 36.1% and adjusted EBITDA increased 17.7% with adjusted EBITDA margin of 43%, delivering profit attributable to owners of the Company, before separately disclosed items, of …

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Cochin Port Installs Wärtsilä Vessel Traffic Management System

Chennai: Port Wings News Network: The technology group Wärtsilä will upgrade its Vessel Traffic Management System (VTMS) installed in the Indian port of Cochin. The system was originally delivered in 2008, and by adding the latest technology, significant additional benefits can be gained. The order with Wärtsilä was placed in …

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Chennai Port Berths High Draft Vessel

Chennai: Port Wings News Network: M.V. Scarlet Albetros, Panama flag vessel carrying 76,000 Tonnes of Limestone with an arrival draft of 14 metres was berthed at the Chennai Port Trust (Jawahar Dock 2) on 28 Februa 2020.  The vessel came from AL FUJAYRAH.  This is the largest Limestone consignment handled …

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Ahmedabad Custom Brokers’ Association Organises Training Program

Port Wings News Network: Ahmedabad Custom Brokers’ Association with an intention to motivate and encourage members & their staff to understand the shipping, Logistics and Customs Clearance process effectively. As the part of the same Ahmedabad Custom Brokers’ Association have tied up with Logistics Skill Council to impart one day …

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DNV GL Awards MSC New Container Ship Fire Safety Notation

Chennai: Port Wings News Network: At DNV GL’s recent annual London press briefing, DNV GL – Maritime CEO Knut Ørbeck-Nilssen announced the classification society had awarded a ground-breaking new class notation to mitigate fire risks on container ships to MSC Mediterranean Shipping Company. The notation has been implemented on the …

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Adani Ports & Wilhelmshaven Organize Roadshow at Mumbai on 26 Feb

Mumbai: Port Wings News Network: Adani Ports & SEZ Ltd – India’s largest port developer & operator and Wilhelmshaven Freight Village Container Terminal – only deep water container terminal in Germany, is jointly owned and operated by Eurogate and APMT is organising a roadshow at ITC Maratha in Mumbai on …

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Swissterminal, DP World Enter Strategic Partnership

Chennai: Port Wings News Network: DP World and Swissterminal Holding AG, the leading container terminal operator in Switzerland, have entered a strategic partnership. With effect from 20 January 2020, DP World has taken a stake of 44% in Swissterminal Holding AG with the Mayer family, who founded the business, remaining …

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