DP World Reports 1.1% Gross Like-For-Like Volume Growth in 3Q 2019

Chennai: Port Wings News Network: DP World PLC handled 17.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 3Q2019, with gross container volumes growing by 1.1 % year-on-year on a like-for-like basis. On a nine-month basis, like-for-like gross container volumes grew by +0.7% year-on-a year …

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Indian Register of Shipping Receives RO Authorisation From Denmark

Mumbai: Port Wings News Network: The Danish Maritime Authority (DMA) has approved the application by the Indian Register of Shipping (IRClass) for authorisation as a “Recognised Organisation” (RO). Seeking RO status from key maritime flags is part of IRClass’ strategy to expand its presence in Europe. The company already has …

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ICTSI Mexico Beefs up Capacity With New Cranes

Chennai: Port Wings News Network: Contecon Manzanillo S.A. de C.V. (CMSA), the Mexican subsidiary of International Container Terminal Services, Inc. (ICTSI), recently took delivery of a pair of quay cranes and five rubber-tired gantries as part of its second phase capacity improvement program to expand Mexico’s gateway of choice on …

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Essar Ports Posts Record Cargo growth of 20.07% in H1FY20

Mumbai: Port Wings News Network: Essar’s Ports business, which operates four terminals on the east and west coasts of India, has registered a 20.07% growth in cargo volumes with a throughput of 27.29 Million Tonnes (MT) in the first half of FY2019-20. According to a media statement, the growth has …

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Bharat Mumbai Container Terminals Handles One Millionth TEU

Mumbai: Port Wings News Network: PSA’s Bharat Mumbai Container Terminals (BMCT) on 18 October 2019 handled its one millionth TEU during the call of CMA CGM’s M.V Bermuda. BMCT achieved the record in the presence of Shri Sanjay Sethi, IAS, Chairman, Jawaharlal Nehru Port Trust (JNPT), Mr Ugo Vincent, CMA …

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Government Shuts 14 Maritime Training Institutes for Malpractices

Mumbai: Port Wings News Network: The Directorate General of Shipping (DGS) has shuttered 14 maritime training institutes in the country for indulging in fraudulent practices as India’s maritime administration steps up efforts to improve the training quality in a bid to capture a larger share of the global seafarers’ market, …

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Global Economic Risks Reinforce Need To Strengthen Global Cooperation at Multilateral Level: Finance Minister Nirmala Sitharaman

New Delhi: Port Wings News Network: Union Finance Minister, Smt Nirmala Sitharaman, has said that the global economic risks and imbalances reinforce the need to strengthen global co-operation at the multilateral level, besides governmental initiatives. She stated this in her intervention during International Monetary and Financial Committee (IMFC) Plenary Session …

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Containership Fires: Time To Take Action, Says IUMI

New Delhi: Port Wings News Network: This year has already seen an alarming number of container ship fires including Yantian Express, APL Vancouver, Grande America, E.R. Kobe and KMTC Hong Kong. The escalation is of growing concern to IUMI (International Union of Marine Insurance) who used a recent forum to …

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