Portwings Your Window to Maritime World

Chennai: Port Wings News Network: Escalating trade tensions and a slowing global economy have led WTO economists to sharply downgrade their forecasts for trade growth in 2019 and 2020. World merchandise trade volumes are now expected to rise by only 1.2% in 2019, substantially slower than the 2.6% growth forecast …

Port Wings, 02 October 2019: Prime Minister Narendra Modi returned to New Delhi on 28 September 2019 night from a week-long trip to the United States, where he addressed the United Nations General Assembly and several events, including the ‘Howdy, Modi!’ diaspora gathering. On his return Prime Minister Modi said …

Chennai: Port Wings News Network: To mark PSA Chennai’s 10th anniversary, Chennai International Terminals Private Limited (PSA Chennai), owned and managed by PSA International, hosted celebrations in Chennai for staff, stakeholders and the trade on 27 September 2019. Since commencing operations in September 2009, the terminal has handled over 6.9 …

Chennai: Port Wings News Network: In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services, the South East India – Europe Express (IEX) and the Middle East-India-Africa Express (MIAX), will enter into operation in October. Both the IEX and the MIAX will further …

Chennai: Port Wings News Network: GP Global marked a milestone with the successful delivery of the first International Maritime Organization (IMO) 2020 compliant bunker load of low sulphur fuel oil (LSFO). The global conglomerate made its maiden delivery via its 6,000-tonner bunker barge at Fujairah, which will help serve the …

Chennai: Port Wings News Network: Virgin Atlantic’s first flight to Tel Aviv touched down at Ben Gurion International Airport on 25 September 2019 with a full cargo payload as the airline continues to extend its international route network. The new daily Airbus A330-300 flights offer 20 tonnes of cargo capacity …

Mumbai: Port Wings News Network: Hyundai Merchant Marine’s (HMM) first block train with a weekly schedule to Tughlakabad (TKD) , a key Inland Container Depot (ICD) serving the National Capital Region (NCR) of India, was launched from PSA’s Bharat Mumbai Container Terminals (BMCT) on On 25 September 2019 The block …

Chennai: Port Wings News Network: The CMA CGM Group, a leading worldwide shipping and logistics group, on 25 September 2019 announced the launching of the world’s largest containership (23,000 TEU) powered by liquefied natural gas (LNG). This major milestone in the construction of the world’s first LNG-powered ultra large containership …

Chennai: Port Wings News Network: LNG traders JERA Global Markets and Vitol have executed the first Atlantic LNG freight swap against The Baltic Exchange’s BLNG3 assessment in a bilateral trade arranged by Affinity Financial Products LLP. The BLNG3 assessment provides a freight rate benchmark for LNG shipments between Sabine Pass …

Port Wings, 25 Sept 2019: After months of rumbling, Government of India finally started rolling out decisive steps to bring economy back on track. Finance Minister Nirmala Sitharaman last week rolled out tax sops for corporate companies, which is seen as a first step to win back confidence of the …

Chennai: Port Wings News Network: The fourth in the series of seven 98-meter Offshore patrol vessel (OPV) Varaha, named after the third incarnation of Lord Vishnu, was commissioned by Union Defence Minister Rajnath Singh at Chennai Port on 25 September 2019. Tamil Nadu deputy Chief Minister O Paneerselvam, Fisheries Minister …

Chennai: Port Wings News Network: This week, the Danish Maritime Authority is hosting the 6th annual meeting for international sulphur experts who will combine forces to cooperate on further developing effective enforcement. ​The purpose of the meeting is to exchange knowledge and best practice for surveillance and enforcement. Many of …

Chennai: Port Wings News Network: The World Maritime University (WMU) has released the Conference Report for the WMU Third International Women’s Conference on Empowering Women in the Maritime Community that was held in April this year. The conference brought maritime and ocean stakeholders together at WMU to discuss the common …

Tuticorin: Port Wings News Network: Leveraging the substantial energy savings that can be obtained through rationalisation of operations, adoption of new technologies and use of renewable energy sources, V.O. Chidambaranar Port Trust, Tuticorin, has proposed to install grid connected 25 MW onshore and offshore wind farms at an estimated cost …