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Commerce Minister Attends Informal Gathering of WTO in Paris

New Delhi: Port Wings News Network: Commerce and Industry Minister, Suresh Prabhu, attended an Informal Gathering of World Trade Organisation (WTO) Ministers in Paris on 31 May 2018.Twenty-Eight member countries of the WTO and the Director General of the WTO attended the informal meeting. In his intervention, the Minister observed …

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Solid Profits Despite Rising Costs: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) announced its expectation for airlines to achieve a collective net profit of $33.8 billion (4.1% net margin) in 2018. This is a solid performance despite rising costs, primarily fuel and labor, but also the upturn in the interest rate …

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CMA CGM Unveils Logo of its 40th Anniversary

Chennai: Port Wings News Network: In 2018, CMA CGM is celebrating its 40th anniversary and the unique adventure of a family company with strong human values. On this occasion, the Group unveils its anniversary logo and launches a series of global projects, which will represent an opportunity to recall the …

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Hempaguard –The Paint That Launched 1000 Ships

Chennai: Port Wings News Network: Hempel – the leading global coatings manufacturer – has applied Hempaguard®, its award-winning fouling defence coating, to more than 1000 ships. The one thousandth full-vessel coating was achieved in April. The unrivalled fuel-saving properties of Hempaguard means that, collectively, the owners of these 1000 vessels …

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ArcticWeb Finds New Home in Norway

Chennai: Port Wings News Network: The roles and responsibilities between the partners behind ArcticWeb will change from 1 June 2018. The Norwegian Coastal Administration will take over the ownership and operation of ArcticWeb. ​The Danish Maritime Authority (DMA) will continue as data-provider and advisory board member. ArcticWeb is a web …

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Mitsubishi Shipbuilding, MHPS Launch Advanced SOx Abatement System

Chennai: Port Wings News Network: Mitsubishi Shipbuilding Co., Ltd. (Mitsubishi Shipbuilding) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have jointly launched the most advanced SOx abatement system, ACTIVE FUNNEL. It is a funnel which contains an optimally shaped exhaust gas scrubbing structure which reduces sulfur dioxide (SO2) in the exhaust …

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Air Freight Growth Recovers Slightly in April, Up 4.1%

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 4.1% in April 2018, compared to the same period the year before. This was up from the 1.8% growth in annual demand …

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