Editorial: Sensex Makes No Sense

Port Wings, 18 March 2020: The humanity now faces two grave threats — a novel coronavirus and the crashing stock market — of roughly equal importance. Stocks losing value is actually more terrifying than millions of deaths. That way, lots of people would expire quickly, thereby removing the uncertainty that’s …

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Air Cargo Essential to Fight Against COVID-19: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) and its members continue to support governments in their efforts to contain the spread of COVID-19. Since the crisis began, air cargo has been a vital partner in delivering much-needed medicines, medical equipment (including spare parts/repair components), and in …

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SeaQuest Achieves Chinese Dry-docking Ahead of Schedule

Chennai: Port Wings News Network: Despite the COVID-19 delays impacting many of China’s repair shipyards, SeaQuest Shipmanagement has ensured that a client’s handysize bulk carrier completed her second special survey, dry-dock and Ballast Water Treatment System (BWTS) retrofit two days ahead of schedule and 7% below budget. The MV San …

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Neptune Pacific Line Acquires Pacific Direct Line

Chennai: Port Wings News Network: Neptune Pacific Line (Neptune) has acquired Pacific Direct Line (PDL) from PDL’s parent holding company, Pacific International Lines (PIL). The combined business will seamlessly link transport, warehousing, depots and customs clearance services and fully integrate customers’ supply chains across 18 South Pacific markets. According to …

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DP World Announces Strong Financial Results

Chennai: Port Wings News Network: DP World has announced robust financial results for the year ended 31 December 2019. On a reported basis, revenue grew 36.1% and adjusted EBITDA increased 17.7% with adjusted EBITDA margin of 43%, delivering profit attributable to owners of the Company, before separately disclosed items, of …

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