Portwings Your Window to Maritime World

Chennai: Port Wings News Network: Essar Global Fund Ltd (Essar Global), the holding company of the Essar Group of companies, on 7 January 2019 reached yet another milestone in deleveraging by repaying the last tranche of debt of Rs 12,000 crore (US$1.75 billion) to its various Indian and foreign lenders. …

New Delhi: Port Wings News Network: Union Road Transport and Highways Minister Minister Nitin Gadkari inaugurated six road projects worth Rs. 6,000 crore in Jodhpur on 5 January 2019, according to a report by news agency PTI. “My focus has been on developing roads using concrete here. You will not …

Paradip: Port Wings News Network: The 16th Paradip Marathon 2019 was conducted by the Gopabandhu Kreeda Sansad of Paradip Port Trust on 3 January 2019 on the occasion of Port Foundation Day. Shri Rinkesh Roy, IRTS, Chairman, Paradip Port Trust flagged off the same at the Hanuman Temple square. The …

Chennai: Port Wings News Network: Hapag-Lloyd has issued a media statement on fire incident on board Yantian Express. On 3 January, a fire broke out in one container on the deck of the Yantian Express and spread to additional containers. The crew of 8 officers and 15 seafarers is unharmed. …

Chennai: Port Wings News Network: Global trade enabler DP World deepened its engagement with revolutionary new technologies, diversified its global business portfolio through investments and acquisitions worth US $ 3 billion, and extended meaningful support to environmental initiatives around the world during 2018, achieving strategic growth in diverse fields. The …

New Delhi: Port Wings News Network: The extension of Interest Equalization benefit to merchant exporters will help in increasing country’s exports, said Mr Ganesh Kumar Gupta, President, FIEO. Merchant exporters contribute to about 35% of country’s exports and high cost of credit equally blunts their competitive edge, observed FIEO Chief. …

New Delhi: Port Wings News Network: Ministry of Micro, Small and Medium Enterprises (MSME) has recently established an Export Promotion Cell with an aim to create a sustainable ecosystem for entire MSME development. The benefits likely to accrue to the MSMEs are: Evaluate readiness of MSMEs to export their products …

New Delhi: Port Wings News Network: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Department of Commerce for including merchant exporters under the Interest Equalisation Scheme (IES) for Pre and Post Shipment Rupee Export Credit …

Port Wings, 02, Jan 2019: After extensive consultation across the spectrum of stakeholders including State governments, domain experts and relevant institutions, Prime Minister Narendra Modi, who had promised to get rid of Nehruvian Era legacy –Planning Commission, gave life to ruling BJP’s “Bharatiya” aspirations the NITI Aayog (National Institution for …

Paradip: Port Wings News Network: The Paradip Marathon 2019 will be held on 3 January 2019 at 8 AM to mark the occasion of celebrations of Foundation Day of Paradip Port. The Marathon will start from the Hanuman Temple near Gate No. 5 covering a route of 14 Kms will …

New Delhi: Port Wings News Network: Indian Railways achieved all- round progress during the year with firm focus on safety and passenger services by leveraging the latest in technology and marshalling the inherent strength of a highly dedicated workforce. Some of the significant achievements of the year in freight sector are highlighted …

Mumbai: Port Wings News Network: Leading classification society Indian Register of Shipping (IRClass),has made significant inroads into the Middle East market, following the announcement in October onits plans to further strengthen its footprint in the region. RO recognition from Jordan and Bahrain IRClass has received authorisation as a Recognised Organisation …

New Delhi: Port Wings News Network: Delhi Customs Clearing Agents Association (DCCAA) organised its 35th Annual General Meeting (AGM) on 23 December at Panchsheel Rendezvous, New Delhi. According to Mr PS Atree, President, DCCAA, approximately 200 members of the association attended the AGM and discussed on previous year’s activities, achievements, …

Chennai: Port Wings News Network: European Shippers’ Council calls for a transitional period allowing governments as well as companies to finalise their preparation at least until December 2020. If the present Brexit withdrawal agreement does not pass the vote in the House of Commons in mid-January, a cliff-edge scenario will …