Paradip Port Organises Swachh Bharat Abhiyan at Creek Side

    Paradip: Port Wings News Network: Paradip Port Trust (PPT)on 22 April 2018 conducted a special cleaning drive at the local Creek Side in the Port Township. Led by Shri Rinkesh Roy, Chairman, PPT, various departments of Paradip Port Trust, in association with the Paradip Municipality and Paradip Sakshyrata …

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Suresh Prabhu Presents CHEMEXCIL Export Awards

Mumbai: Port Wings News Network: Union Minister for Commerce & Industry and Civil Aviation, Shri Suresh Prabhu gave away the CHEMEXCIL Export Awards and Certificates of Merit for the year 2016-’17, at a glittering function organized in Mumbai on 21 April. The awards have been given in recognition of firms’ outstanding …

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Kamarajar Port Clocks Record Rs 656 Crores Revenue in 2017-18

Chennai: Port Wings News Network: Kamarajar Port Limited (KPL), country’s only corporate major port under the administrative control of the Ministry of Shipping, Government of India, and located at Ennore in Tamil Nadu, has clocked a whopping revenue of Rs 656 crores during financial year 2017-18. Revealing the details during a …

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CMA CGM Acquires 25% Stake in CEVA Logistics

Chennai: Port Wings News Network: CMA CGM, a worldwide leading shipping company, announces it has reached an agreement to acquire an equity stake of nearly 25% of CEVA Logistics AG (“CEVA”), a global leading player in the logistics sector. CMA CGM has committed to subscribe for mandatory convertible securities of CEVA …

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Global Logistics Player Panalpina Improves Profitability

Chennai: Port Wings News Network: In the first three months of 2018, international freight forwarding and logistics company Panalpina improved profitability compared to the same period of last year. Panalpina reported an EBIT of CHF 24.4 million (YTD 2017: CHF 16.4 million) and a consolidated profit of CHF 16.6 million …

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APM Terminals Launches Integrated Cold Chain Solutions in Chennai

Chennai: Port Wings News Network: APM Terminals inaugurated its first state-of-the-art cold storage warehouse in India, which will ensure reliable and stable transport of cargo, including goods such as fish, fruits, medicines, and specialty chemicals, which require strict temperature contol throughout the supply chain. The facilities will provide refrigerated container …

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For Container Freight Stations, Existential Crisis Looms

Chennai: Port Wings News Network: Surging share of direct port delivery (DPD), especially at the Jawaharlal Nehru Port Trust (JNPT), means growth in the container freight station (CFS) industry in India would be facing an existential crisis sooner than later, starting with flatlining of revenues this fiscal. The industry, with …

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Chidambaranar Port Handles Record 7 lakh TEUs in Financial Year 2017-18

Tuticorin: Port Wings News Network: During the financial year 2017-18, V.O. Chidambaranar  Port  Trust (erstwhile Tuticorin Port Trust)  handled cargo traffic of 365.83  lakh  tonnes against  the previous year’s achievement of 384.63  lakh tonnes,  registering a  decrease of  4.89 %. According to a media statement, the imports have accounted for …

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Editorial: US Trade Tariffs on Steel and Impact on India

Port Wings, 18 April 2018: Last month the United States President Donald Tump imposed 25% tariffs on steel imports into the county, citing concerns about the dumping of cheap imported steel ruining American industries and taking away jobs. Given the trade relations between the US and India, it is important …

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Suresh Prabhu Launches Digital Platform for MSME Exporters

New Delhi: Port Wings News Network: The Minister of Commerce & Industry Shri Suresh Prabhu on 17 April launched the FIEO GlobalLinker- a digital platform for MSME exporters to digitise their businesses and join a global community of growing businesses in New Delhi. The Minister congratulated Federation of Indian Export …

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