Portwings Your Window to Maritime World

Chennai: Port Wings News Network: Tirupur Exporters Association (TEA), an umbrella body of knitwear and textiles-related companies in Tamil Nadu, on 4 October 2019 urged the Union Finance Minister Smt Nirmala Sitharaman to clear pending claims which is affecting the liquidity in the sector. To press upon the issue, Shri. …

New Delhi: Port Wings News Network: The Reserve Bank of India cuts benchmark interest rates for the fifth time to support other fiscal measures announced by the Government to boost growth. The RBI reduced its key lending rate (the repo rate) by 25 basis points to 5.15%, which takes cumulative …

Chennai: Port Wings News Network: In its 56th Annual General Meeting (AGM) held on 27 September 2019 in Chennai, the Federation of Freight Forwarders’ Associations in India (FFFAI) elected new office bearers of the Executive Committee for the period of 2019-2020 and 2020-2021. Mr AV Vijaykumar, who earlier was Chairman-elect, …

Cochin: Port Wings News Network: As part of Swachh Bharat Abhiyan, Swachhta Pakhwada & Swachhta Hi Seva 2019 programme was organized in Cochin Port Trust during 11 September to 02d October, 2019 with various cleaning activities and awareness programmes. The programmes were formally launched by Shri Mansukh Mandaviya, Union Minister …

Chennai: Port Wings News Network: Hapag-Lloyd continues to develop its position in Africa and launches the new MIAX (Middle East-India-Africa Express) service – which will offer direct connections and fast transit times between South and West Africa, the Persian Gulf, India, Colombo (Sri Lanka) and La Réunion. Hapag-Lloyd has entered …

Chennai: Port Wings News Network: Ocean Network Express (ONE) is pleased to announce the establishment of “Advanced Ocean Container Transportation Engineering Lab” (AOCTEL), a stowage planning hub located in Kumamoto, Japan. AOCTEL is established to succeed the role and responsibility of Kumamoto Stowage Planning Office. The office was founded by …

Chennai: Port Wings News Network: Global trade enabler DP World said it plans to make Container Multimodal Terminals Ltd (CMTL), its Hyderabad Private Freight Terminal (PFT) as a multi-modal distribution hub for South India cargo by leveraging its rail-road transport connectivity and warehouses. Showcasing, its multi-modal logistics capabilities in     India …

Chennai: Port Wings News Network: Escalating trade tensions and a slowing global economy have led WTO economists to sharply downgrade their forecasts for trade growth in 2019 and 2020. World merchandise trade volumes are now expected to rise by only 1.2% in 2019, substantially slower than the 2.6% growth forecast …

Port Wings, 02 October 2019: Prime Minister Narendra Modi returned to New Delhi on 28 September 2019 night from a week-long trip to the United States, where he addressed the United Nations General Assembly and several events, including the ‘Howdy, Modi!’ diaspora gathering. On his return Prime Minister Modi said …

Chennai: Port Wings News Network: To mark PSA Chennai’s 10th anniversary, Chennai International Terminals Private Limited (PSA Chennai), owned and managed by PSA International, hosted celebrations in Chennai for staff, stakeholders and the trade on 27 September 2019. Since commencing operations in September 2009, the terminal has handled over 6.9 …

Chennai: Port Wings News Network: In response to growing demand, Hapag-Lloyd will offer more services from and to India. Two new services, the South East India – Europe Express (IEX) and the Middle East-India-Africa Express (MIAX), will enter into operation in October. Both the IEX and the MIAX will further …

Chennai: Port Wings News Network: GP Global marked a milestone with the successful delivery of the first International Maritime Organization (IMO) 2020 compliant bunker load of low sulphur fuel oil (LSFO). The global conglomerate made its maiden delivery via its 6,000-tonner bunker barge at Fujairah, which will help serve the …

Chennai: Port Wings News Network: Virgin Atlantic’s first flight to Tel Aviv touched down at Ben Gurion International Airport on 25 September 2019 with a full cargo payload as the airline continues to extend its international route network. The new daily Airbus A330-300 flights offer 20 tonnes of cargo capacity …

Mumbai: Port Wings News Network: Hyundai Merchant Marine’s (HMM) first block train with a weekly schedule to Tughlakabad (TKD) , a key Inland Container Depot (ICD) serving the National Capital Region (NCR) of India, was launched from PSA’s Bharat Mumbai Container Terminals (BMCT) on On 25 September 2019 The block …