DP World Announces Robust Financial Results

Chennai: Port Wings News Network: Global trade enabler DP World on 14 March 2019 announced a strong financial results for the year ended 31 December 2018. On a reported basis, revenue grew 19.8% and adjusted EBITDA increased 13.7% with adjusted EBITDA margin of 49.7%, delivering profit attributable to owners of …

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48th Safety Week Celebrated in Chidambaranar Port

Tuticorin: Port Wings News Network: 48th Safety Week was celebrated in V.O. Chidambaranar Port Trust from 04.03.2019 to 11.03.2019. Shri U. Rajendran, Traffic Manager, V.O. Chidambaranar Port Trust welcomed the gathering and presented the Annual Safety Report. As a part of the celebrations, a weeklong activities were conducted from 04.03.2019 …

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Air Cargo Priorities: Trade, Global Standards and Modernization

Chennai: Port Wings News Network: The International Air Transport Association (IATA) called on governments and the air cargo industry to focus on three priorities to accommodate the expanding demand for air cargo and ensure the economic and social benefits of aviation can be maximized. The three priorities are; Accelerating the …

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Gadkari Inaugurates Two Multi-purpose Berths at Deendayal Port

New Delhi: Port Wings News Network: The Union Minister for Shipping, Road Transport and Highways, Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari inaugurated two multi-purpose berths – No14 & No. 16 at Deendayal Port at Kandla through video conferencing on 8 March 2019. The Minister also laid …

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First Imported River Sand Vessel at Kattupalli Port

Chennai: Port Wings News Network: It was a moment of great pride for Adani Kattupalli Port Pvt Ltd (AKPPL) when MV LMZ VEGA, a bulker carrying 55,805 MT of River Sand arrived at Kattupalli port during the month of February 2019. This is the first lot of Imported River sand …

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Indian Register of Shipping Wins Key Indian Navy Order

Chennai: Port Wings News Network: In what could be termed as a significant recognition of its capabilities, the Indian Register of Shipping (IRClass) has won a key order for providing classification services for a series of 8 Anti-Submarine Warfare Corvettes to be constructed for the Indian Navy. The order was …

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ICTSI FY2018 Net Income Up 22% to US$221.5 Million

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) has reported its audited consolidated financial results for the year ended December 31, 2018 on 7 March 2019. According to a media statement, consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs); Revenue …

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