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Editorial: The Stand-Off Continues

Port Wings, 27 May 2020: The Director General of Shipping (DGS) and the Central Board of Indirect Taxes and Customs (CBIC) have asked carriers not to collect container detention charges following a Shipping Ministry order to facilitate exporters and importers hit by the lockdown restrictions. “These notifications are not legally …

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Editorial: Self-Reliant India – Vocal About Local

Port Wings, 20 May 2020: The mega Rs 20-lakh crore stimulus package announced by Prime Minister Narendra Modi includes previously announced measures to save the lockdown-battered economy and focuses on tax breaks for small businesses as well as incentives for domestic manufacturing. The combined package works out to roughly 10 …

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Editorial: Blank Sailings

Port Wings, 13 May 2020: Just as the number of blank sailings out of China by container carriers started to subside, the industry is bracing for another surge of void sailings on the Asia-Europe trade in the next three weeks with carriers withdrawing close to 40 per cent of capacity …

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Editorial: Work From Home Alone

Port Wings, 6 May 2020: What can be a blessing can also become a curse in the form of cabin fever. Some freelancers and others who work from home lamented that the place they work during the day is the exact same place they’ll be sitting later that evening and …

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Editorial: The Great Lockdown

Port Wings, 29 April 2020: The global economy is expected to suffer its worst year since the Great Depression of the 1930s, according to the International Monetary Fund forecast. Beaten down by the coronavirus outbreak, the world economy will shrink by 3.0 per cent during 2020 — far worse than …

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Editorial: Flailing Economy, Wailing Masses

Port Wings, 22 April 2020: Prime Minister Narendra Modi on April 14 announced the extension of the three-week nationwide lockdown for another 19 days till May 3 to battle the Coronavirus pandemic but indicated easing some curbs after April 20 in areas which are not hotspots to allow some “select …

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Editorial: Trump’s Navel-Gazing

Port Wings, 15 April 2020: The US President Donald Trump has attacked the World Health Organization (WHO) for being too “China-centric” in its tackling of the coronavirus pandemic. “The WHO really blew it,” the US President said, adding that he was considering withdrawing funding to the UN agency. The US …

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Editorial — Coronavirus: China Coronated

Port Wings, 8 April 2020: You reap what you sow is a proverb, but China proved it wrong. China is still well positioned to reap the benefits of a pandemic that originated in their country, according to experts who say Beijing is likely wrapping together agreements to donate or sell …

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Editorial: Are We Doing the Right Thing?

Port Wings, 01 April 2020:  In a public address to the country on March 24, 2020, Prime Minister Narendra Modi announced a 21-day lockdown, calling upon Indians to stay indoors, asserting that social distancing is the only way to stop the coronavirus.  “India will have to pay a very high …

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Editorial: Ease of Doing Business

Port Wings, 25 March 2020: The Centre has allowed exporters also to pay terminal handling charges (THC) directly to the terminals, bypassing the shipping lines, to cut logistics costs and promote ease of doing business. To start with, Jawaharlal Nehru Custom House, which serves Jawaharlal Nehru Port Trust (JNPT), India’s …

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Editorial: Sensex Makes No Sense

Port Wings, 18 March 2020: The humanity now faces two grave threats — a novel coronavirus and the crashing stock market — of roughly equal importance. Stocks losing value is actually more terrifying than millions of deaths. That way, lots of people would expire quickly, thereby removing the uncertainty that’s …

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Editorial: COVID-19 Goes Global

Port Wings, 11 March 2020: The novel coronavirus has gone global. What had begun as an outbreak in China is now threatening to become a worldwide pandemic, having reached every continent except Antarctica. The 2019 novel coronavirus (2019-nCoV), officially named as COVID-19 by the WHO, has spread to 88 more …

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Editorial: Tanker Market Tanks

Port Wings, 04 March 2020:  The ongoing coronavirus outbreak, high fleet growth in 2019 and warm weather are part of a cocktail of forces pushing tanker freight rates down. Tanker rates have taken a turn for the worse due to dwindling demand and fewer cargoes available, as a result of …

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Editorial: Fear Over Corporatisation of Ports

Port Wings, 26 Feb 2020: Thousands of port and dock workers at the dozen state-owned major ports are up in arms against the BJP led Union Government’s move to convert all the major port trusts into authorities, which they feel is the first step towards the privatisation of these ports. …

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Editorial: When Dragon Sneezes, World Trade Catches Cold

Port Wings, 19 Feb 2020: The Coronavirus outbreak that originated from Wuhan, Hubei in China, a major transportation and logistics hub, has seen stringent quarantine measures implemented across China and its neighboring countries. About 80% of world goods trade by volume is carried by sea and China is home to …

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