ICTSI Flagship Manila International Container Terminal Gets Eco-Friendly RTGs

Chennai: Port Wings News Network: International Container Terminal Services, Inc.’s (ICTSI) flagship Manila International Container Terminal (MICT) recently received four of 16 new hybrid rubber-tired gantries (RTG) as part of the Company’s long-term investment in capacity enhancement and environmental efficiency. A first in the country and Manufactured by Mitsui Engineering …

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PSA Container Throughput Performance For 2018

Chennai: Port Wings News Network: PSA International Pte Ltd (PSA) handled 81.00 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2018. The Group’s volume increased by 9.1% over 2017, with flagship PSA Singapore contributing 36.31 million TEUs (+8.9%) …

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Vinod Kumar Yadav Takes Charge as New Chairman, Railway Board

New Delhi: Port Wings News Network: Shri Vinod Kumar Yadav, IRSEE (1980 Batch), has taken over as Chairman, Railway Board (Ministry of Railways) and ex-officio Principal Secretary to Govt. of India. The appointments committee of the Cabinet has approved the appointment of Shri Vinod Kumar Yadav as Chairman Railway Board …

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Cochin Port Hosts All India Major Ports Chess Championship

Chennai: Port Wings News Network: The All India Major Ports Chess Championship 2018-19 will be held at Cochin Port Trust from 14th to 16th January 2019. The matches will be held at Samudrika Hall, Willingdon Island. There will be matches to decide the Team Champions and Individual winners. About 60 …

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ITF and WMU Launch of Report on Automation and Technology

New Delhi: Port Wings News Network: On Tuesday, 15 January, the International Transport Workers’ Federation (ITF) and the World Maritime University (WMU) will launch a flagship report produced by WMU entitled: “Transport 2040: Automation Technology Employment – the Future of Work”. The forward-looking assessment investigates how the global transport industry …

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Major Ports Register Positive Growth of 3.77%

New Delhi: Port Wings News Network: The major ports in India have recorded a growth of 3.77% and together handled 518.6 Million Tonnes of cargo during the period April to December, 2018 as against 499.7 Million Tonnes handled during the corresponding period of previous year. For the period from April- …

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Chidambaranar Port Organizes Trade Meet in Coimbatore- Pollachi

Tuticorin: Port Wings News Network: VO Chidambaranar Port jointly with Dakshin Bharat Gateway Terminal(DBGT), Tuticorin Ship Agent’s Association(TSAA), Tuticorin Customs Broker’s Association(TCBA) and Tuticorin CFS Association(TCFSA) organized a massive trade meet on 9 January 2019 in Pollachi and Coimbatore. Meet was held to appraise the users about recent developments at …

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DP World Cochin Registers Exponential Growth

Cochin: Port Wings News Network: Global trade enabler DP World operated India Gateway Terminal Pvt. Ltd. (IGTPL) delivered a compound annual growth rate (CAGR) of 13.57% in the past 3 years. This has surpassed the three year CAGR of 11.41% registered at all Indian ports. India’s first international transshipment terminal …

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IRClass Review of 2018 and Projections for 2019

New Delhi: Port Wings News Network: The Indian Register of Shipping (IRClass) continues to record steady growth in its classed fleet, flag recognition and geographical presence, mirroring the shipping industry’s ongoing recovery. Fleet Growth With tankers and bulk carriers continuing to dominate IRClass’ tonnage, the classed fleet has grown more …

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Korean Register Launches New IHM service & Secures NSC Contract

New Delhi: Port Wings News Network: NSC Group has signed an agreement with Korean Register (KR) for the IACS (International Association of Classification Societies) classification society to provide IHM (Inventory of Hazardous Materials) services across the NSC Group’s fleet of container vessels, bulk carriers, conbulkers, car carriers and tankers. From …

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Freight Derivative Trade Volumes Up In 2018

New Delhi: Port Wings News Network: Figures compiled by the Baltic Exchange reveal that the overall volume of Forward Freight Agreement (FFA) trades increased in 2018. Freight derivative volumes in the tanker market rose by 20% in 2018 hitting 321,962 lots, volumes in the dry market rose 1.4% to 1,196,929 …

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