DP World Reports Flat Gross Volume in First Quarter of 2019

Chennai: Port Wings News Network: DP World PLC handled 17.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2019, with gross container volumes declining by 0.6% year-on-year on a reported basis. Gross like-for-like volumes declined by 0.7% in 1Q2019 due to …

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ICGS Priyadarshini Commissioned at Kakinada

Chennai: Port Wings News Network: Indian Coast Guard Ship Priyadarshini was commissioned on 26 April 2019 at Kakinada by Additional Director General KR Nautiyal, PTM, TM Coast Guard Commander Eastern Seaboard in the presence of Inspector General S Paramesh, PTM,TM, Commander Coast Guard Region (East) and other distinguished guests from …

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Editorial: One More Airlines Fades Into History in India

Port Wings, 24 April 2019: The suspension of operations by Jet Airways, one of India’s largest private airlines, follows the troubles at Kingfisher, Air Deccan, and Sahara.  With the suspension, Indian domestic aviation sector is hugely impacted and the problem becomes monstrous in size given the holiday season. Naresh Goyal, …

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Newest Aframaxes Make Maiden LNG Bunkering

Chennai: Port Wings News Network: AET’s first LNG dual-fuel sister Aframaxes, Eagle Brasilia and Eagle Bintulu, successfully completed their first ship-to-ship (STS) LNG bunkering at the Port of Rotterdam (POR), earlier this month. The latest in AET’s eco-friendly innovation towards a sustainable industry solution that meets IMO’s 2050 goal, this …

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New High Bay Container Storage System Launched As “Boxbay”

Chennai: Port Wings News Network: A new international joint venture that aims to change the way that containers are handled in ports has been launched by global trade enabler DP World and industrial engineering specialists, SMS Group. “BOXBAY” represents a new and intelligent High Bay Storage (HBS) system that will …

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Atran Airlines Launches News Route, Links Xi’an With Moscow

Chennai: Port Wings News Network: Atran Airlines, the Russian air express carrier within Volga-Dnepr Group, has launched a new route linking Xi’an, China, with Moscow, Russia. The first flight was operated by one of Atran’s Boeing 737-400SF freighters with further plans for Boeing 737-800BCF deployment to be able to guarantee …

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Maritime Majors Establish Digital Container Shipping Association

Singapore: Port Wings News Network: Ocean Network Express (ONE) has announced that A.P. Moller –Maersk, Hapag-Lloyd, MSC and Ocean Network Express established Digital Container Shipping Association (DCSA) in The Netherlands. Industry veterans form leadership team, with Thomas Bagge appointed as CEO. After gaining regulatory approval from the Federal Maritime Commission …

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Editorial: World Bank Warns Global Outlook Foresees Moderate Slowdown

Port Wings, 17 April 2019: According to World Bank officials from the Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, the global outlook foresees a moderate slowdown in economic activity, with lingering downside risks. Global trade growth has weakened, while investment prospects have …

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