Editorial: $5 Trillion Economy: Realistic Target?

Port Wings, 1 Jan 2020: Prime Minister Narendra Modi’s aim to achieving a $5-trillion economy by 2024 is unlikely to remain a realistic target given the past dismal economic performances of the country and the doubts and concerns raised by rating agencies and economists. International Monetary Fund’s chief economist Gita …

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India, Oman Sign Deal on Enhancing Maritime Ties

New Delhi: Port Wings News Network: India and Oman signed a Maritime Transport Agreement on 24 December 2019 during the visit of foreign minister S Jaishankar to the Sultanate. The pact – the first with any Gulf country – enables India to expand its footprint in the western Indian Ocean, …

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ICTSI Poland Hits Milestone 500K TEU Move

Chennai: Port Wings News Network: Baltic Container Terminal (BCT), the Polish unit of International Container Terminal Services, Inc. (ICTSI) at the Port of Gydnia, capped 2019 with a milestone after recently reaching its 500,000th twenty-foot equivalent unit (TEU) move on 21 December. The event, which coincided with the 40th anniversary …

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Editorial: Will FASTag Serve the Intended Result?

Port Wings, 25 Dec 2019: To give a fillip to digital payments and bring in enhanced transparency, the Transport Ministry had directed to declare all lanes of fee plazas on National Highways as ‘FASTag lanes’ by December 1. However, one lane in each direction was decided to be kept as …

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Year End Review 2019- Ministry of Shipping

In the year 2019, the government has undertaken several important progressive policy interventions and new initiatives to accelerate the overall development of the shipping sector. Enactment of the landmark Recycling of Ships Act, 2019; accession to IMO’s Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships in November, 2019; …

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ICTSI Australia Cited for Port Management Excellence

Chennai: Port Wings News Network: Victoria International Container Terminal (VICT), the Australian unit of International Container Terminal Services, Inc. (ICTSI) at the Port of Melbourne, has been recognized by the world’s oldest maritime publication, Lloyd’s List, for excellence in port management and infrastructure at the recently-concluded Asia Pacific Awards 2019. …

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