Portwings Your Window to Maritime World

Chennai: Port Wings News Network: The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd (Inter-Pacific) with effect from 15 October 2019. According to a media statement, Inter-Pacific will not be allowed to operate as a bunker craft operator in …

Chennai: Port Wings News Network: International Transport Intermediaries Club (ITIC) warns agents to respond to shippers’ requests in good time or face the possibility of financial penalties. The insurer cites a recent case where a container of frozen beef was being carried on a liner service from Australia to China. …

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) and its subsidiary Pakistan International Container Terminal (PICT) recently reaffirmed their commitment to support and improve Pakistan’s port industry.  At a recent call to the Honorable Sindh Governor Imran Ismail Andrew, James Dawes, ICTSI senior vice president and Asia …

Chennai: Port Wings News Network: The International Chamber of Commerce International Maritime Bureau’s (IMB) report for the third quarter of 2019 demonstrates fewer incidents of piracy and armed robbery against ships than the first nine months of 2018. 119 incidents of Piracy and Armed Robbery Against Ships have been reported …

New Delhi: Port Wings News Network: Responding to the sliding merchandise exports growth of -6.57 percent with USD 26.03 billion during September 2019, FIEO President, Mr Sharad Kumar Saraf said that declining trend in exports does not augur well for the overall growth of the economy. Escalating trade tensions that …

New Delhi: Port Wings News Network: Shri Nitin Gadkari, Union Minister of Road Transport & Highways and Micro, Small and Medium Enterprises will inaugurate a conference on One Nation One FASTag in New Delhi on 14 October 2019. MoS in the Road Transport and Highways Ministry General  (Retd) VK Singh …

Chennai: Port Wings News Network: DP World’s business in Peru, which began with container handling at the Port of Callao, has expanded into a fully integrated maritime and logistics operation, catering to the needs of customers across the entire supply chain. Sultan Ahmed Bin Sulayem, Group Chairman and CEO of …

Chennai: Port Wings News Network: Prime Minister Narendra Modi and President of China Mr Xi Jinping held their Second Informal Summit in Chennai, Tamil Nadu, on 11-12 October 2019. The two Leaders had an in-depth exchange of views in a friendly atmosphere on overarching, long-term and strategic issues of global …

Chennai: Port Wings News Network: Welcoming the declaration made at the conclusion of Chennai summit, Mr Sharad Kumar Saraf, President, FIEO said that the close interaction between the countries at the highest level augurs very well for cementing the strategic ties between the Asiatic giants besides resolving trade issues. President, …

Chennai: Port Wings News Network: On 10 October 2019, Ocean Network Express (ONE) and Mitsui O.S.K. Lines (MOL) conducted a joint crisis management drill based on a simulated scenario of a fire and explosion on ONE’s chartered vessel. This is ONE’s second joint crisis management drill held for this year. …

Chennai: Port Wings News Network: MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers. Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s …

Chennai: Port Wings News Network: The 2019 edition of the WTO’s World Trade Report highlights that services have become the most dynamic component of international trade and that its role will continue to expand in the coming decades. It stresses the need to enhance cooperation in the international community to …

Chennai: Port Wings News Network: Virgin Atlantic Cargo and Delta Cargo have opened a state-of-the-art export facility at London Heathrow to future-proof the joint venture’s growth plans in the U.K. market. This is supported by new technologies that will enhance business continuity, as well as deliver significant improvements and transparency …

Chennai: Port Wings News Network: Hapag-Lloyd on 10 October 2019 officially opened its headquarter for the new region South Europe. CEO Rolf Habben Jansen presented the keys of the office complex in Genoa (Italy) to the new Senior Managing Director Juan Pablo Richards. During the opening event, Habben Jansen explained …

Chennai: Port Wings News Network: As India and China seek to cement their economic engagement with a clear support at the level of Prime Minister Shri Narendra Modi and Chinese President Xi Jinping, India’s engineering exports to China have gone up by an annualised 58 per cent in August 2019, bucking …