Portwings Your Window to Maritime World

New Delhi: Port Wings News Network: Reacting to the report published in some of the Newspapers on  6 January, 2020, Mr Sharad Kumar Saraf, President, FIEO said that “it is very unfortunate that exporters have been singled out for GST frauds.” Like any other section of the society, observed Mr …

Paradip: Port Wings News Network: On the occasion of Port Foundation Day, the 17th Paradip Marathon 2020 was conducted by the Gopabandhu  Kreeda Sansad of Paradip Port Trust (PPT) on 3 January 2020. Shri Rinkesh Roy, IRTS, Chairman, Paradip Port Trust, flagged off the same at the Hanuman Temple square. …

New Delhi: Port Wings News Network: Responding to some of the reports in the media regarding discontinuation of MEIS benefits with effect from 1st January, 2020, Shri Sharad.Kumar Saraf, President, FIEO said that these reports are not factually correct and possibly refer to withdrawal of additional MEIS benefits of 2% …

New Delhi: Port Wings News Network: In order to promote India-Africa trade and economic relations, Ministry of Commerce and Industry regularly reviews India’s trade with Africa through institutional mechanisms like Joint Commission Meetings (JCMs), Joint Trade Committees (JTCs), and Joint Working Groups(JWGs). The 9th Session of the India-Kenya Joint Trade …

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 …

New Delhi: Port Wings News Network: An inaugural Trial-Run of Indian Railways (IR) freight train on the newly built Rewari-Madar section of Western Dedicated Freight Corridor (WDFC), covering a distance of about 306 kms (Total 663 track Km) was conducted on 27 December 2019. The trial run was flagged off …

Chennai: Port Wings News Network: Global trade enabler DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port. Under the agreement, DP World will invest up to …

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, …

New Delhi: Port Wings News Network: Mrs Harjeet Kaur Joshi has assumed charge as Chairperson & Managing Director of the Shipping Corporation of India Ltd (SCI), a Navratna CPSE under the Ministry of Shipping (MOS), Government of India. Mrs. Joshi has been appointed to the post of C&MD, SCI by …

Chennai: Port Wings News Network: Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, has concluded a contract with Mitsui O.S.K. Lines (MOL) to build two LNG-fueled ferries, the first such project in Japan. These vessels will be built at the Shimonoseki Shipyard …

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 …

Chennai: Port Wings News Network: Shri. Narendra Modi, Prime Minister called for a meeting with 11-Textiles Industry delegates from all over India on 26 December 2019 at PM residence to know the plight of Textile industry. After thanking the Prime Minister, Shri Raja M Shanmugham, President, Tirupur Exporters Association (TEA), …

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 …