Cochin Port Installs Wärtsilä Vessel Traffic Management System

Chennai: Port Wings News Network: The technology group Wärtsilä will upgrade its Vessel Traffic Management System (VTMS) installed in the Indian port of Cochin. The system was originally delivered in 2008, and by adding the latest technology, significant additional benefits can be gained. The order with Wärtsilä was placed in …

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APEDA Signs MoUs With Various Organisations For Implementation of Agri Export Policy

New Delhi: Port Wings News Network: Agricultural and Processed Food Export Development Authority (APEDA) has been focusing on collaborative approach to bring synergy with number of organisations and institutions having inherent professional and specialised expertise in different areas for capacity building of various stakeholders and providing solutions for addressing some …

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Paradip Port Trust Observes 49th National Safety Day

Paradip: Port Wings News Network: “Enhance Safety & health performance by use of Advance Technologies” as the theme, observation of the 49th National Safety Day and Week began at Paradip Port Trust. Gracing the occasion as Chief Guest, Shri Rinkesh Roy, Chairman, PPT inaugurated Safety Week Celebrations. At an event …

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Air Cargo Demand Down 3.3% in January 2020: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in cargo tonne kilometers (*CTKs), decreased by 3.3% in January 2020, compared to the same period in 2019. “January marked the tenth consecutive month of year-on-year declines in …

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DNV GL Appoints New Chief Financial Officer

Chennai: Port Wings News Network: Kjetil M. Ebbesberg is appointed as new Group CFO in DNV GL and will succeed Thomas Vogth-Eriksen, who will become Director, Certification Division in DNV GL – Business Assurance. Mr. Ebbesberg will join DNV GL on 1 April 2020 and take up the Group CFO …

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Chidambaranar Port Surpasses Previous Year’s Container Traffic

Chennai: Port Wings News Network: V.O. Chidambaranar Port, the economic engine of Southern Tamil Nadu, has handled 7.41 Lakh TEUs of Containers as on 02 March 2020 and has surpassed previous financial year’s Container Traffic of 7.39 lakh TEUs. According to a media statement, the port has achieved record container …

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Editorial: Tanker Market Tanks

Port Wings, 04 March 2020:  The ongoing coronavirus outbreak, high fleet growth in 2019 and warm weather are part of a cocktail of forces pushing tanker freight rates down. Tanker rates have taken a turn for the worse due to dwindling demand and fewer cargoes available, as a result of …

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