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Container Terminal Utilisation Levels Set to Rise: DREWRY

Chennai: Port Wings News Network: While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win-out in the long run, according to the Global Container Terminal Operators Annual Review and Forecast 2018 by global shipping consultancy Drewry. Against …

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Maersk, IBM Introduce TradeLens Blockchain Shipping Solution

Chennai: Port Wings News Network: In a follow up to their January announcement, A.P. Moller – Maersk (MAERSKb.CO) and IBM (NYSE: IBM) on 9 August announced the creation of TradeLens, jointly developed by the two companies to apply blockchain to the world’s global supply chain. TradeLens is the result of …

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PSA Makes Crimsonlogic to Embark On Next Growth Phase

Chennai: Port Wings News Network: Following its acquisition of shares from Singapore Telecommunications Limited and Civil Aviation Authority of Singapore earlier this year, PSA International Pte Ltd (“PSA”), an existing shareholder of CrimsonLogic Pte Ltd (“CrimsonLogic”), has taken majority control through an additional subscription of shares and share purchase from …

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Nitin Gadkari Welcomes End of Transport Union Strike

New Delhi/Mumbai/Chennai: Port Wings News Network: Union Road Transport, Highways and Shipping Minister Nitin Gadkari hailed the All India Motor Transport Congress’s decision to call off its strike. Talking to the media in Nagpur, Gadkari said that he and the finance minister were in constant discussions with the transport unions …

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IG Paramesh Sivamani Assumes Command of CG Region (East)

Chennai: Port Wings News Network: Inspector General Paramesh Sivamani on 23 July  assumed command of the Indian Coast Guard Region (East), replacing Rajan Bargotra. Sivamani, who has served in various sea and shore appointments during a career span of 29 years, took charge at a ceremonial parade held at the …

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