Editorial: When Dragon Sneezes, World Trade Catches Cold

Port Wings, 19 Feb 2020: The Coronavirus outbreak that originated from Wuhan, Hubei in China, a major transportation and logistics hub, has seen stringent quarantine measures implemented across China and its neighboring countries. About 80% of world goods trade by volume is carried by sea and China is home to …

Read More »

DP World to Delist from Nasdaq Dubai

Mumbai: Port Wings News Network: DP World’s parent company Port and Free Zone World has offered to acquire the 19.55 per cent of DP World’s shares traded on Nasdaq Dubai, returning the company to private ownership. The move will enable DP World to focus on its medium-to-long-term strategy of transforming …

Read More »

Volga-Dnepr Group Operates “Sterilised” Charter Flights To China

Chennai: Port Wings News Network: Volga-Dnepr Group continues to operate charter flights into China despite the current disruption to the air freight market. Flown commodities include that of essential items in response to the Coronavirus outbreak such as masks, sanitiser gels, pharmaceuticals and medical equipment. In addition to this, the …

Read More »

Ahmedabad Custom House Agents’ Association Renamed, Becomes ACBA

Mumbai: Port Wings News Network: ‘Ahmedabad Custom House Agents’ Association’ (ACHAA) will now be known as ‘Ahmedabad Custom Brokers’ Association’ (ACBA) as per the nomenclature changed in Customs Brokers Licensing Regulations – 2013. New name and registration have been also granted under the Societies Registration Act, 1660 and under the …

Read More »

APM Terminals Pipavav Hosts Trade Meet in Unjha, Gujarat

Mumbai: Port Wings News Network: APM Terminals Pipavav (Gujarat Pipavav Port Limited) hosted Spices and Psyllium [Isabgol] customers in Unjha on 24 January 2020. Unjha located in Mehsana district of Gujarat is known for its Cumin, Fennel, and Isabgol seed exports. The APM Terminals Pipavav team welcomed the customers and …

Read More »

Tirupur Exporters Association Welcomes Tamil Nadu Budget

Chennai: Port Wings News Network: Shri. Raja M Shanmugham, President, Tirupur Exporters Association (TEA), welcomed the Tamil Nadu State Government decision of allocating Rs.1,224.25 crore in Budget Estimates 2020-21 for the Handlooms and Textiles. It may be noted that Deputy Chief Minister of Tamil Nadu and Minister of Finance Shri …

Read More »

Global, Domestic Factors Affect Indian Exports: FIEO Chief Saraf

New Delhi: Port Wings News Network: Responding to a nominal decline in January exports by 1.66 percent at USD 25.97 billion during the month, FIEO President, Mr Sharad Kumar Saraf said that global and domestic factors have again pull-down the monthly exports. Besides protectionism and liquidity concerns coupled with sudden …

Read More »