New Mangalore Port Handles Record Cargo in 2017-18 Period

Chennai: Port Wings News Network: During the fiscal 2017-18, New Mangalore Port has handled a record traffic of 42.05 million tonnes of cargo surpassing the earlier record of 39.94 million tonnes handled  in 2016-17. According to a media statement, with the record handling, the port registered a growth rate of …

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All India Major Ports Hockey Tournament Begins in Mumbai

    Mumbai: Port Wings News Network: The 39th All India Major Ports Hockey Tournament, 2017-18, organized by Mumbai Port Trust under the aegis of Major Ports Sports Control Board,  was declared open by Mr Devinder Walmiki, India Olympic Hockey Player at the MHA Mahindra Stadium, Churchgate on 2 April …

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AirBridgeCargo Airlines Introduces Scheduled Service At Rickenbacker International Airport

Chennai: Port Wings News Network: AirBridgeCargo Airlines (ABC) will become the fifth world-class freighter operator to provide scheduled service at Rickenbacker International Airport (LCK). The Russia-based company, which is one of the fastest-growing international freight carriers, joins the thriving network of premier logistics service providers at cargo-dedicated Rickenbacker, which is …

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Boskalis To Build Landmark Polder Development in Singapore

Chennai: Port Wings News Network: Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Award from the Housing & Development Board of Singapore for the development of a polder at the north western tip of Pulau Tekong. The contract value for the joint venture with Penta Ocean Construction Company …

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CONCOR Launches Multi Modal Logistic Park at Balli

Mumbai: Port Wings News Network: A Multi Modal Logistics Park at Balli Station near Madgaon in Goa state on Konkan Railway route was inaugurated by CMD Konkan Railway Shri Sanjay Gupta and P K Agarwal, Director, Container Corporation on 28 March 2018. The park has been set up with an …

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Brussels Airlines Enters Into Joint Agreement With Lufthansa Cargo

Chennai: Port Wings News Network: Lufthansa Cargo will market the cargo capacities of Brussels Airlines from 1 September 2018. The networks of both companies complement each other perfectly. Freight customers of both airlines benefit from this: Brussels Airlines customers have access to Lufthansa Cargo’s route network: the largest network with …

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Kerry Logistics Posts 7% Growth in Net Profit in 2017

Chennai: Port Wings News Network: Kerry Logistics Network Limited on 27 March announced the group’s annual results for 2017. Group’s Financial Highlights Turnover increased by 28% to HK$30,788 million (2016: HK$24,036 million) Core operating profit rose by 13% to HK$2,128 million (2016: HK$1,878 million) Core net profit increased by 7% …

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Hapag-Lloyd’s Operating Result More Than Tripled in 2017

Chennai: Port Wings News Network: Leading shipping lines Hapag-Lloyd has disclosed its 2017 annual report on 28 March. Based on the audited figures, earnings before interest, taxes, depreciation and amortisation (EBITDA) increased significantly to EUR 1,055 million (2016: EUR 607 million) and the operating result before interest and taxes (EBIT) …

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Caution Remains Watchword for Global Marine Insurance: IUMI

Chennai: Port Wings News Network: Against the backdrop of encouraging global economic growth and an improved outlook for the shipping industry, the International Union of Marine Insurance (IUMI) gives expert opinion on the current state of the hull, cargo and offshore energy insurance markets at its Spring Conference in Hamburg. …

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