General

New Delhi: Port Wings Network: Indian Naval Ships Kirch, Sumitra and Cora Divh entered Trincomalee, Sri Lanka to participate in the sixth edition of SLINEX 2018, a bi-lateral Naval Exercise between India and Sri Lanka, from 07 to 13 September 2018. The inaugural ceremony of the exercise held onboard SLNS …

Chennai: Port Wings News Network: Federation of Indian Export Organisations (FIEO) on 6 September signed an MOU with the National Stock Exchange of India Limited (NSE) to impart knowledge to FIEO members on price risk management, hedging on NSE’s platform for products like Currency, Debt, Commodity and to assist FIEO …

New Delhi: Port Wings News Network: World’s leading Logistics Conference, FIATA World Congress (FWC), which is being hosted by the Federation of Freight Forwarders’ Associations in India (FFFAI) for the first time in India from September 26-29, 2018 at Pullman Hotel, Aerocity, New Delhi, will be inaugurated by Mr Nitin …

New Delhi: Port Wings News Network: Trade ministers of 16 nations including India and Japan have instructed their negotiators to “exert utmost efforts” for early conclusion of the talks for the proposed mega trade deal Regional Comprehensive Economic Partnership (RCEP), according to a news report in business website Money Control …

Chennai: Port Wings News Network: From 29 to 30 August, the OceansTrends 2018 Scientific Seminar brought together over 150 participants from more than 60 countries. The Seminar focused on “Conservation and Sustainable Use of the Ocean – Supportive Technologies and Future Trends” and was offered in cooperation with the University …

Chennai: Port Wings News Network: In recognition of its achievement of ‘GEM 5 level’ sustainability standards, which is the highest achievable rating level, Sri City SEZ was awarded the prestigious ‘GEM Sustainability Certification’, hosted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). In a colourful ceremony organised …

Chennai: Port Wings News Network: The Chennai based Repco Home Finance Ltd., (RHFL) inaugurated its Satellite Centre in Sri City on 24 August 2018. In a ceremony held at the Trade Centre, Mr. T.S. Krishna Murthy, Chairman, RHFL and former Chief Election Commissioner inaugurated it in the presence of Mr. …

Chennai: Port Wings News Network: As part of its initiative to enhance skills in maritime sector, the Chennai Cargo Logistics Association (CCLA) organized its Training & Employability programme on 18 August. During the inaugural programme, the first batch completed its training and Logi Pathways distributed the Certificate of Participation to …

New Delhi: Port Wings News Network: A National Logistics Portal is being developed by the Ministry of Commerce and Industry to ensure ease of trading in the international and domestic markets. The portal will link all the stakeholders of EXIM, domestic trade and movement and all trade activities on a …

New Delhi: Port Wings News Network: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on 23 August 2018 appointed Shri Uday Kumar Varma as Secretary General. Shri Varma retired from the position of Secretary, Ministry of Information and Broadcasting (MIB), Government of India on June 30, 2013 and …

New Delhi: Port Wings News Network: Responding to the July, 2018 trade data, FIEO President, Mr Ganesh Kumar Gupta said that consecutively for third month in a row exports have shown double-digit growth, however the rate of growth has declined. MSME units particularly labour-intensive sectors such as marine products, RMG …

New Delhi: Port Wings News Network: To further strengthen our strong bilateral relations with Fiji, an Indian Naval Ship (INS) Sahyadri entered Port of Suva this morning on a goodwill visit. The Naval Ship is visiting Republic of Fiji enroute to India after participation in the RIMPAC 2018 at Hawaii. …

Chennai: Port Wings News Network: Trade expansion will likely slow further in the third quarter of 2018 according to the WTO’s latest World Trade Outlook Indicator (WTOI) released on 9 August. The most recent WTOI reading of 100.3 is below the previous value of 101.8 and just above the baseline …

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 …

New Delhi: Port Wings News Network In a meeting chaired by Secretary (Shipping) with Chairmen of Major Ports, held on 18th June 2018, the disinvestment proposal of Dredging Corporation of India Ltd (DCI) was discussed and it was suggested that Visakhapatnam Port Trust (VPT), Paradip Port Trust (PPT) and New Mangalore …