Editorial: World Bank Warns Global Outlook Foresees Moderate Slowdown

Port Wings, 17 April 2019: According to World Bank officials from the Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, the global outlook foresees a moderate slowdown in economic activity, with lingering downside risks. Global trade growth has weakened, while investment prospects have …

Read More »

ICTSI Argentina Launches Operations

Chennai: Port Wings News Network: TecPlata, the new container terminal located in Argentina’s Puerto de La Plata, recently began operations, with an opening ceremony that was attended by the vice governor of the province of Buenos Aires, the Minister of Production and several other national, provincial and municipal officials. The …

Read More »

Keppel, DNV GL Team Up To Promote LNG as Ship Fuel

Singapore: Port Wings News Network: Classification society DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), announced that they have signed a framework agreement to boost the uptake of liquefied natural gas (LNG) as ship fuel. The agreement covers potential newbuilding …

Read More »

ICTSI Lauds Philippines Gov’t Crackdown on Overstaying Containers

Chennai: Port Wings News Network: Port operator International Container Terminal Services, Inc. (ICTSI) has welcomed concrete steps taken by the Philippine government to clear Manila ports of overstaying cargo. Christian R. Gonzalez, ICTSI Global Corporate head hailed collaborative and complementing efforts of the Philippine Ports Authority (PPA), the Department of …

Read More »

Major Shipowner Trade Associations Agree To Enhance Cooperation

Chennai: Port Wings News Network: The International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) have agreed to enhance their level of cooperation for the maritime sector. According to a media statement, the joint memorandum of understanding reached in Singapore few days …

Read More »