Weak Air Freight Demand Continues:  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), increased 0.1% in March 2019, compared to the same period in 2018. While this is a significant improvement on the 4.9% contraction in …

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Maharashtra Maritime Board Explores Private Route to Build Vadhawan Port

Mumbai: Port Wings News Network: The Maharashtra Maritime Board (MMB) has started “internal discussions’ on building a new private port at Vadhawan in Palghar district on the public-private-partnership (PPP) model, citing delays in getting Central Government approval for the project, now helmed by state-owned Jawaharlal Nehru Port Trust (JNPT) as …

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Stockholm Norvik Port – A Game Changer in Baltic Sea

Chennai: Port Wings News Network: In one year the brand new Stockholm Norvik Port will open. The Hong Kong Chamber of Commerce in Sweden arranged a seminar in the heart of Stockholm together with The Ports of Stockholm and Hutchison Ports in order to highlight the benefits the new port …

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DP World Reports Flat Gross Volume in First Quarter of 2019

Chennai: Port Wings News Network: DP World PLC handled 17.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2019, with gross container volumes declining by 0.6% year-on-year on a reported basis. Gross like-for-like volumes declined by 0.7% in 1Q2019 due to …

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