Freight Derivative Trade Volumes Up In 2018

New Delhi: Port Wings News Network: Figures compiled by the Baltic Exchange reveal that the overall volume of Forward Freight Agreement (FFA) trades increased in 2018. Freight derivative volumes in the tanker market rose by 20% in 2018 hitting 321,962 lots, volumes in the dry market rose 1.4% to 1,196,929 …

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National Commission for Scheduled Tribes Chairman Visits Mormugao Port

Panaji: Port Wings News Network: The National Commission for Scheduled Tribes visited Mormugao Port Trust on 09.01.2019 under the Chairmanship of Dr. Nand Kumar Sai, alongwith other dignitaries of the Commission. The Commission held discussion with Scheduled Tribes Association of MPT and Management of MPT regarding implementation of Reservation Policy …

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Credit Flow to Exporters Nosedive by Over 54 %

New Delhi: Port Wings News Network: Expressing concern over a sharp annualized drop of over 54 per cent in the gross bank credit deployment in the export sector, EEPC India has said the RBI and the Government need to ensure timely and less expensive credit for the exporters, along with …

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CONCOR Commences Coastal Operations

New Delhi: Port Wings News Network: Ministry of Railways PSU, Container Corporation of India Ltd (CONCOR’s) maiden voyage vessel- SSL Mumbai is flagged off from Kandla Port to Tuticorin Port by Shri Piyush Goyal, Minister of Railways & Coal & Shri Nitin Gadkari, Minister of Road Transport & Highways, Shipping …

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Container Fire on “Yantian Express” Now Under Control

Chennai: Port Wings News Network: On 3 January, a fire broke out in one container on the deck of the “Yantian Express” and spread to additional containers. In the meantime, efforts to extinguish the fire have made continuous progress under the direction of the salvage company Smit and in cooperation …

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Commerce Minister Holds Meeting with Export Organizations

New Delhi: Port Wings News Network: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, presided over a meeting of Government officials and export organizations in New Delhi today to discuss problems faced by the export sector. Suresh Prabhu highlighted the declining trend of export credit in recent …

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Hyundai Merchant Marine Starts China India Express Service Calls at PSA’s Bharat Mumbai Container Terminals

Mumbai: Port Wings News Network: On 2 January 2019, PSA’s Bharat Mumbai Container Terminals Private Limited (BMCT) welcomed the first regular service call of Hyundai Merchant Marine (“HMM”)’s China India Express (CIX) service. The 8,562 TEU (twenty-foot equivalent unit) capacity “M.V. Hyundai Loyalty” is one of six vessels deployed on …

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Air Freight Demand Flat in November: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), was flat (0%) in November 2018, compared to the same period the year before. This was the slowest rate of growth recorded since …

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Editorial: Election Season Sets In

Port Wings, 09 Jan 2019: With Prime Minister Narendra Modi criss-crossing India with public rallies in the last few days, election campaign for May 2019 General Elections unofficial begins in the country. Prime Minister Narendra Modi has a task cut out for him as Bharatiya Janata Party has big plans …

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