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Indian Register of Shipping Hosts Multi-Stakeholder Seminar on IMO Sulphur Limit Compliance and GHG Emissions Strategy

Mumbai: Port Wings News Network: The Indian Register of Shipping (IRClass), a leading ship classification society, recently hosted a seminar in which industry stakeholders discussed the impending 2020 IMO fuel sulphur regulation and the initial IMO Strategy on reduction of greenhouse gas (GHG) emissions from ships. Held at IRClass’ head …

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A.P. Møller – Mærsk A/S Reports Solid Uplift in Earnings

Chennai: Port Wings News Network: A.P. Moller – Maersk has closed the first quarter of 2019 with a 33% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.2bn while revenue grew by 2.5% to USD 9.5bn compared to Q1 2018. Operating cash flow improved significantly to …

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Svitzer Begins Landmark Trial of New Line Handling Technology

Chennai: Port Wings News Network: Svitzer, the leading global towage operator, on 23 May 2019 announced that it has begun landmark sea trials of a new ‘industry-first’ remotely operated line catching technology prototype. CRITICAL ELEMENTS OF TOWAGE OPERATIONS The new innovative mechanism is being trialled on the vessel Svitzer Trym, …

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CMA CGM Orders 50,000 Traxens Trackers

Chennai: Port Wings News Network: The CMA CGM Group, a world leader in shipping and logistics, is pleased to announce a new order for 50,000 Traxens trackers. As a structuring shareholder and the first company to have invested in Traxens in 2012, CMA CGM participated in the development of the …

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Hamburg Süd Christens “Polar Ecuador” in Antwerp

Chennai: Port Wings News Network: Hamburg Süd christened the “Polar Ecuador” container ship in Antwerp on 20 May 2019. The sponsor of the “Polar Ecuador” is Sonia Van de Vyvere, wife of Philippe Van de Vyvere, owner and CEO of SEA-invest, one of the world’s largest terminal operators for dry …

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Denis Petropoulos Appointed New Baltic Exchange Chairman

Chennai: Port Wings News Network: Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from 1 June 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and remains a significant shareholder at …

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Hapag-Lloyd’s Result Significantly Up in First Quarter

Chennai: Port Wings News Network: Hapag-Lloyd closed the first quarter of 2019 with a significantly higher operating profit as Earnings before interest and taxes (EBIT) increased to EUR 214 million (Q1 2018: EUR 51 million). The Group net result increased to EUR 96 million (Q1 2018: EUR -34 million). Earnings …

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Mumbai Port Trust Makes Cruising History

Mumbai: Port Wings News Network: Mumbai Port has been taking a number of initiatives to make Mumbai into the cruising capital of India. Home Porting by‘Costa, completion of the ‘Domestic Cruise Terminal, and starting of Mumbai Goa Cruise by ‘Angriya ship have been three big initiatives. The new International Cruise …

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ICGS Priyadarshini Commissioned at Kakinada

Chennai: Port Wings News Network: Indian Coast Guard Ship Priyadarshini was commissioned on 26 April 2019 at Kakinada by Additional Director General KR Nautiyal, PTM, TM Coast Guard Commander Eastern Seaboard in the presence of Inspector General S Paramesh, PTM,TM, Commander Coast Guard Region (East) and other distinguished guests from …

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