Editorial: The Great Lockdown

Port Wings, 29 April 2020: The global economy is expected to suffer its worst year since the Great Depression of the 1930s, according to the International Monetary Fund forecast. Beaten down by the coronavirus outbreak, the world economy will shrink by 3.0 per cent during 2020 — far worse than …

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DP World Partners With Akshaya Patra To Provide COVID-19 Relief Support

Mumbai: Port Wings News Network: Reaffirming its commitment to the society and the country, global logistics company DP World has partnered with non-profit organisation Akshaya Patra Foundation to support underprivileged section of the society impacted by the outbreak of the COVID-19 pandemic. DP World in partnership with Akshaya Patra, is …

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Indian Register of Shipping Celebrates Commissioning of Coastal Research Vessel Sagar Anveshika

Chennai: Port Wings News Network: With the commissioning of coastal research vessel Sagar Anveshika earlier this year, the Indian Register of Shipping (IRClass) celebrated yet another collaborative success with the Indian shipbuilding ecosystem. Built under IRClass, Sagar Anveshika is a DP1-capable vessel fitted with state-of-the-art equipment that allows her owner, …

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DP World Reports Stable Volumes In 1Q2020 – Outlook Challenging

Chennai: Port Wings News Network: DP World PLC handled 17.2 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2020, with gross container volumes decreasing by 1.7% year-on-year on a reported basis and up 0.3% on a like-for-like basis. Reported volumes declined …

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Hapag-Lloyd Publishes 2019 Sustainability Report

Chennai: Port Wings News Network: Significant reductions in CO2 emissions per container transported, a successful conversion of the vessel fleet to operate using low-sulphur fuel oil, and considerable improvements in quality – these are the key advances that Hapag-Lloyd made in the 2019 financial year in terms of its sustainability …

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Crowley Takes Delivery of ATB Dedicated to Alaska Fuels Service

Chennai: Port Wings News Network: Crowley Fuels LLC took delivery of its new Alaska Class 100,000-barrel, articulated tug-barge (ATB), which will be used to transport multiple clean petroleum products for the Alaska market, from Bollinger Shipyards, on 21 April 2020. Crowley will operate the 483-foot ATB for Alaska-based Petro Star …

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