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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

National Commission for Scheduled Tribes Chairman Visits Mormugao Port

Panaji: Port Wings News Network: The National Commission for Scheduled Tribes visited Mormugao Port Trust on 09.01.2019 under the Chairmanship of Dr. Nand Kumar Sai, alongwith other dignitaries of the Commission. The Commission held discussion with Scheduled Tribes Association of MPT and Management of MPT regarding implementation of Reservation Policy …

Read More »

Credit Flow to Exporters Nosedive by Over 54 %

New Delhi: Port Wings News Network: Expressing concern over a sharp annualized drop of over 54 per cent in the gross bank credit deployment in the export sector, EEPC India has said the RBI and the Government need to ensure timely and less expensive credit for the exporters, along with …

Read More »

CONCOR Commences Coastal Operations

New Delhi: Port Wings News Network: Ministry of Railways PSU, Container Corporation of India Ltd (CONCOR’s) maiden voyage vessel- SSL Mumbai is flagged off from Kandla Port to Tuticorin Port by Shri Piyush Goyal, Minister of Railways & Coal & Shri Nitin Gadkari, Minister of Road Transport & Highways, Shipping …

Read More »

Container Fire on “Yantian Express” Now Under Control

Chennai: Port Wings News Network: On 3 January, a fire broke out in one container on the deck of the “Yantian Express” and spread to additional containers. In the meantime, efforts to extinguish the fire have made continuous progress under the direction of the salvage company Smit and in cooperation …

Read More »

Commerce Minister Holds Meeting with Export Organizations

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, presided over a meeting of Government officials and export organizations in New Delhi today to discuss problems faced by the export sector. Suresh Prabhu highlighted the declining trend of export credit in recent …

Read More »

Hyundai Merchant Marine Starts China India Express Service Calls at PSA’s Bharat Mumbai Container Terminals

Mumbai: Port Wings News Network: On 2 January 2019, PSA’s Bharat Mumbai Container Terminals Private Limited (BMCT) welcomed the first regular service call of Hyundai Merchant Marine (“HMM”)’s China India Express (CIX) service. The 8,562 TEU (twenty-foot equivalent unit) capacity “M.V. Hyundai Loyalty” is one of six vessels deployed on …

Read More »