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Air Cargo Off to a Robust Start in 2018: IATA

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 8.0% in January 2018 compared to the year-earlier period. This was up from the 5.8% annual growth recorded in December 2017. Freight …

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Chennai Port Surpasses Previous Record Handling of Rock Phosphate

      Chennai: Port Wings News Network: The Chennai Port has recorded another landmark performance, by handling Rock Phosphate of 21,050 Tonnes, imported from the vessel m.v. BULKTEC on 04 March 2018. According to a media statement by the port authorities, the noteworthy achievement surpasses the previous record of …

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2 Luxury Cruise Vessels Call at New Mangalore Port

Mangalore: Port Wings News Network: M.V. COSTA VICTORIA with 1771 passengers and 809 crew and M.V. INSIGNIA with 612 passengers and 407 crew called at New Mangalore Port on 3 March 2018. This is the 19th and 20th cruise vessel calling at the port during the current financial year 2017-18. …

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Leading Exporters Meet Union Finance Secretary Hasmukh Adhia

Chennai: Port Wings News Network: A meeting with Dr. Hasmukh Adhia, IAS, Union Finance Secretary held at Chennai with leading exporters and FIEO on 2 March 2018 wherein senior officials from State GST, Central GST, Customs including Dr. C. Chandramouli, Additional Chief Secretary and Commissioner of State Taxes, Govt. of …

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Cruise Vessel M.S. Costa Neo Classica Visits Mormugao Port

Mormugao: Port Wings News Network: MS COSTA NEO CLASSICA Luxury cruise liner arrived from Colombo Sri Lanka, at Mormugao with 1271 high end guests and 564 crew members of different nationalities.  The high end guests visiting Goa hail from Italy (469),  Turkey (128), Germany (69), France  (171), UK  (55)  and …

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DP WORLD Chairman, Panama President Discuss Future Trade Ties

Chennai: Port Wings News Network: Trade infrastructure development to diversify Panama’s economy and DP World’s international experience in over 40 countries were at the centre of discussions held in Dubai on 27 February between the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem and Panamanian President Juan …

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Ethiopia Acquires 19% Stake in DP World Berbera Port

Chennai: Port Wings News Network: Ethiopia will become a shareholder of the Port of Berbera following the signing of an agreement with DP World and the Somaliland Port Authority in Dubai on 1 March 2018. DP World will hold a 51% stake in the project, Somaliland 30% and Ethiopia the …

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Second India-Korea Business Summit Held in New Delhi

New Delhi: Port Wings News Network: Second India-Korea Business Summit organized by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, in partnership with ChosunILbo, KOTRA, Confederation of Indian Industry (CII) and Invest India, was held in New Delhi on 27 February 2018. Aim of the …

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Milaha Reports Net Profit of QAR 470 million in 2017

Chennai: Port Wings News Network: Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the twelve months ended December 31, 2017 on 26 February 2018. Milaha delivered a net profit of QAR 470 million for the full year of 2017. OPERATING REVENUES Operating revenues decreased by 2% to QAR 2.491 …

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Nitin Gadkari Launches Slew of Projects at VOC Port

Tuticorin: Port Wings News Network: Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development  & Ganga Rejuvenation, Shri Nitin Gadkari, Commissioned the Container Gantry Cranes at Berth No.8 (DBGT),  inaugurated the Information Centre and Truck parking Terminal at V.O. Chidambaranar Port on 26 February 2018 at  …

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