Portwings Your Window to Maritime World

Chennai: Port Wings News Network: The Baltic Exchange Escrow Service continues to gain traction, with new transactions completed in Q4 2019 and Q1 2020. The service, operated from Singapore, facilitates both shipping and non-shipping transactions around the world. So far transactions supported have included asset sales and disputes. The service …

Chennai: Port Wings News Network: In view of the crude oil prices are experiencing a downturn with Brent Crude oil prices at US$ 33/- and on NYMEX is around US$ 30/- and may go down further. In event of such a downturn there is an acute need for the oil …

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 …

Tirupur: Port Wings News Network: With a view to presenting the issues that plaguing the textile industry and possible solutions to fix it, heads of different influential associations representing the segment met Dr. Anup Wadhawan, Commerce Secretary, Ministry of Commerce and Industry, Government of India, on 4 March at Tirupur. …

Chennai: Port Wings News Network: The annual throughput of King Abdullah Port for bulk and general cargo increased to 2.98 million tonnes by the end of 2019, compared to 689,000 tonnes in 2018, registering a 333 percent increase. In addition, 85 cargo ships docked in the port in 2019 compared …

Chennai: Port Wings News Network: Ocean Network Express (ONE) is introducing a new call to Batangas on its Thailand Philippines Vietnam (TPV) service starting from April 2020. According to a media statement, the TPV service currently provides ONE’s valued customers with fast transit times and a competitive solution connecting Laem …

Chennai: Port Wings News Network: Korean Register (KR) has completed a comprehensive cyber security survey of the chemical/oil tanker SONGA HAWK and has certified the ship to be fully compliant in all areas, the very first ship to achieve the certification. Songa Shipmanagement manages and operates 18 chemical/oil tankers and …

New Delhi: Port Wings News Network: Ministry of Railways has decided to undertake Detailed Project Report (DPR) for six High Speed Corridors, Shri Piyush Goyal, Minister of Railways and Commerce & Industry, has announced in the Lok Sabha on 5 March. In a written reply to a question in Lok …

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 …

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 …

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 …

Chennai: Port Wings News Network: APM Terminals Pipavav (Gujarat Pipavav Port Limited) hosted Customer Trade Events in Mumbai and Delhi. Both events were attended by around 150 distinguished guests from the leading Shipping Lines / Cargo owners / Beneficiary Cargo owners / Train operators / Freight Forwarders / Custom house …

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 …

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 …