Editorial: Ease of Doing Business

Port Wings, 25 March 2020: The Centre has allowed exporters also to pay terminal handling charges (THC) directly to the terminals, bypassing the shipping lines, to cut logistics costs and promote ease of doing business. To start with, Jawaharlal Nehru Custom House, which serves Jawaharlal Nehru Port Trust (JNPT), India’s …

Read More »

IATA Estimates Deeper Revenue Hit From COVID-19

Chennai: Port Wings News Network: The International Air Transport Association (IATA) updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA now estimates that industry passenger revenues could plummet $252 …

Read More »

Swire Shipping Strengthens Commitment to Asia Pacific Region, Deploys M.V. Changsha on South East Asia to Papua New Guinea and Solomon Islands Route

Chennai: Port Wings News Network: Swire Shipping on 23 March 2020 announced the entry into service of its first 2400-teu newbuild vessel, M.V. Changsha. The vessel will be deployed on Swire Shipping’s South East Asia to Papua New Guinea and Solomon Islands service. Despite the uniquely challenging period the world …

Read More »

COVID-19: Shipper Maersk Suspends 2020 Outlook

Chennai: Port Wings News Network: Based on preliminary figures, A.P. Møller – Mærsk A/S (APMM) expects EBITDA before restructuring and integration costs for Q1 to be around USD 1.4bn (USD 1.24bn) negatively impacted by weak volume development but mitigated by strong implementation of its IMO 2020 strategy, both in terms …

Read More »

IATA Requests Urgent Emergency Support for Airlines

Chennai: Port Wings News Network: The International Air Transport Association (IATA) is appealing to governments in Africa and the Middle East, as part of a worldwide campaign, to provide emergency support to airlines as they fight for survival due to the evaporation of air travel demand as a result of …

Read More »