Portwings Your Window to Maritime World

Chennai: Port Wings News Network: Chennai Port is the third oldest port amongst the 12 Major Ports of India having 15310 Pensioners and Family Pensioners under the rolls.  The expenditure incurred by Chennai Port for Pensioners and Family Pensioners is around INR 27 Cr per month which adds to INR …

Port Wings, 27 Feb 2019: It has been more than a 13 days since a young militant in the district of Pulwama in Jammu and Kashmir drove a car packed with 350 KGs of explosives into a convoy of CRPF personnel, killing at least 49 of them. Since then, situation …

Cochin: Port Wings News Network: Global trade enabler DP World operated India Gateway Terminal Pvt. Ltd. (IGTPL), after a record-breaking performance in January 2019, has achieved another milestone by completing approximately 2400 gate transactions per day. This is an 88% increase from regular gate moves; the average gate transactions for …

New Delhi: Port Wings News Network: Responding to draft National E-Commerce Policy detailing, amongst other, export promotion through E-Commerce, Mr Ganesh Kumar Gupta, President, FIEO said that this is the most timely initiative as E-commerce is a thriving market and is a rapidly booming business around the globe. The need …

Chennai: Port Wings News Network: Crowley Maritime Corp. christened the U.S.-flag combination container/roll on-roll off (ConRo) ship MV Taíno in San Juan on 22 February 2019, where the company’s investments have ushered in a new era of world-class supply chain services in the U.S. mainland-Puerto Rico trade. Clara Crowley, daughter …

New Delhi: Port Wings News Network: Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, inaugurated the 4th India-ASEAN Expo and Summit 2019 in New Delhi on 21 February 2019. Addressing the inaugural session Suresh Prabhure affirmed India’s commitment to the path of mutual progress and prosperity and said   …

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, addressed the first stakeholder consultation on the draft logistics policy prepared by the Department of Logistics of the Ministry of Commerce & Industry in New Delhi on 19 February 2019. The National Conference …

New Delhi: Port Wings News Network: A high level delegation of Indo-Canada Chamber of Commerce was on a 10-day visit to India to develop bilateral trade relations between Canada and India and to discuss joint investment opportunities in Canada and also create business and professional opportunities for the Canadian small …

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, dedicated to the Nation 1000 crore worth of projects of the Commerce & Industry Ministry through video conference in New Delhi on 22 February 2019.The projects were inaugurated in 7 States and 2 …

Chennai: Port Wings News Network: Since opening its Greek office in 2010, the Indian Register of Shipping (IRClass) has made inroads into the Greek shipping market. Based in Piraeus, the IRClass office has been actively engaged with Greek shipyards and owners to offer its full range of classification services. It …

Chennai: Port Wings News Network: AirBridgeCargo Airlines, one of the leaders in the transportation of special cargoes by air, and Jettainer, one of the leading international service partners for unit load devices (ULD) management, have inked a leasing agreement for the provision of ULDs on short term requirement for transportation …

Chennai: Port Wings News Network: mjunction, India’s largest B2B ecommerce company, on 19 February entered into a strategic alliance with Ukraine-based SHIPNEXT Trading Limited, a digital automated shipping marketplace and network. mjunction has been providing online Ocean Vessel Chartering services for the past 4 years to enable its clients to …

Chennai: Port Wings News Network: Worldwide Flight Services (WFS) has announced new leadership roles for two of its most senior executives in the Americas to strengthen its global network. Mike Duffy and Mike Simpson will become Executive Vice President Innovation and Executive Vice President Americas respectively, reporting to Craig Smyth, …

Chennai: Port Wings News Network: The Office of the Additional Commissioner of Customs has named GAC India the Top Steamer Agent at the Krishnapatnam Port for the financial year 2018-2019. This recognises the company’s outstanding performance as a ship agent, as well as the fact that it handled the most …

Chennai: Port Wings News Network: DP World PLC has announced the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322mn (USD421mn¹), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x. P&O Ferries is a pan-European integrated logistics business consisting …