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Logistics

IW-1 To Increase Exim Trade; Haldia Poised to be Transshipment Port

Chennai: Port Wings News Network: The recently inaugurated Multimodal Terminal on Inland Waterways-1 for transporting containerized cargo between Varanasi in Uttar Pradesh and Haldia Port in West Bengal is expected to provide a significant push to exim trade from Eastern India, especially from Kolkata and its catchment areas. It is …

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DP World Kigali’s Logistics Platform

Chennai: Port Wings News Network: DP World and the government of Rwanda have setup a state-of-the-a­ logistics hub, located 20 kilometers from the capital city Kigali, close to the international airport­. The facility is East Africa’s first ever Inland Dry Port developed by DP World. DP World Kigali is a …

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FONASBA Elects First Arab and North African President

Chennai: Port Wings News Network: As it approaches its 50th year, FONASBA has demonstrated increasing global reach by appointing the first President from an Arabic and North African country. Aziz Mantrach, Partner and General Managing Director of Transports Marocaines S.A. of Casablanca, President of the Moroccan association APRAM and previously …

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Mixed Picture Behind 2% Increase in September Air Freight Growth

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 2.0% in September 2018, compared to the same period the year before. This pace of growth was relatively unchanged from the previous …

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ICTSI 9M2018 Revenues Up 10% to USD1 Billion

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) on 7 November 2018 reported unaudited consolidated financial results for the first nine months of 2018 posting revenue from port operations of US$1.0 billion, an increase of 10 percent over the US$918.3 million reported in the same period in …

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Traffic Growth Slows in September: IATA Report

Chennai: Port Wings News Network: The International Air Transport Association (IATA) announced global passenger traffic results for September showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.5% compared to the same month in 2017. This was a slowdown from the 6.4% growth recorded in August year-over-year. Capacity …

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IWAI To Hand Over Kolkata Terminals on PPP Mode

New Delhi: Port Wings News Network: Inland Waterways Authority of India (IWAI) will make its foray into Public Private Partnership (PPP) on 30 October 2018 when it hands over the operation and management of its terminals in Kolkata to M/s Summit Alliance Port East Gateway (India) Pvt Ltd. (SAPEL) on …

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Panalpina Increases Group Profitability

Chennai: Port Wings News Network: In the first nine months of 2018, international freight forwarding and logistics company Panalpina increased group profitability compared to the same period of last year. From January to September, gross profit increased from CHF 1,024.8 million to CHF 1,116.2 million. Year-on-year, Panalpina’s EBIT increased from …

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