Portwings Your Window to Maritime World

Chennai: Port Wings News Network: The International Air Transport Association (IATA) and its members renewed their call to governments to take urgent measures to ensure that vital air cargo supply lines remain open, efficient and effective. Alexandre de Juniac, IATA’s Director General and CEO, said, “Air cargo is a vital …

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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 …

New Delhi: Port Wings News Network: In connection with the COVID-19 outbreak, Minister of State (I/C) for Shipping Shri Mansukh Mandaviya on 24 March 2020 reviewed situation at all major ports regarding cargo handling, SOP, payment to casual labourers, etc., through video conferencing, with all the Chairpersons of ports and Director General, …

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 …

Chennai: Port Wings News Network: Cargo thefts from supply chains in Europe, the Middle East and Africa (EMEA) more than doubled to 8,548 incidents in 2019 and involved losses of product worth well over €137 million, according to the Transported Asset Protection Association (TAPA). The incident rate is the highest …

New Delhi: Port Wings News Network: Commenting on various flexibilities announced by the Union Finance Minister Nirmala Sitharaman, amidst Covid 19 challenges, Mr Sharad Kumar Saraf, President, FIEO said that the relaxation given in compliance and regulations in Direct and Indirect tax matters, MCA, IBC Code etc. are pragmatic and …

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 …

Mumbai: Port Wings News Network: With the COVID-19 situation, many users are currently facing difficulties in arranging transport to evacuate containers from our terminal due to a shortage of manpower and resources. To assist the trade and end-users, Bharat Mumbai Container Terminals (BMCT) is extending the free storage period of …

Chennai: Port Wings News Network: All Knitwear and Stakeholders Associations on 19 March had a meeting in Tirupur to discuss the impact on knitwear business to take stock of the situation witnessed further to outbreak of Coronavirus (COVID-19) and impact on the production plan including the buyers communication asking to …

Chennai: Port Wings News Network: Hapag-Lloyd published its audited business results for 2019 on 20 March 2020. The Group net result improved significantly to around USD 418 million (EUR 373 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to USD 2.2 billion (almost EUR 2 billion). At the …

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 …

Chennai: Port Wings News Network: Worldwide Flight Services’ (WFS) new Pharma Centre at Paris Charles de Gaulle Airport has handled its biggest single shipment so far of 34 temperature-controlled containers for customers AirBridgeCargo Airlines and Kuehne + Nagel. Maintained within a +2-8 degrees Celsius temperature environment, the outbound shipment to …

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 …

Chennai: Port Wings News Network: Shri. G.V. Krishna Rao, I.R.S, an officer of 1987 batch has assumed charge as Chief Commissioner of CGST & Central Excise, Tamil Nadu & Puducherry zone, on 19 March 2020. He is a Science Graduate from Andhra University, and has done his MBAW and LL.B …