Air Cargo Demand Up 9% in February Compared to Pre-COVID Levels: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released February 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels with demand up 9% over February 2019. February demand also showed strong month-on-month growth over January 2021 levels. Volumes have …

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Editorial: A Black Swan Event

Chennai, 7 April 2021: Bigger the ship is, larger the risk. The value of commodities transported by container is getting higher and higher, therefore in the event of accident, the loss of huge amount of cargo will be the lost for ship owner, cargo owner and insurance company.  The six-day …

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Singapore Accepts IATA Travel Pass

Chennai: Port Wings News Network: The International Air Transport Association (IATA) welcomed Singapore’s acceptance of pre-departure COVID-19 PCR test results on the IATA Travel Pass. From 1 May 2021, passengers traveling to Singapore will be able to use IATA Travel Pass to share their pre-departure COVID-19 PCR test results upon …

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Memorandum of Understanding signed between IIFF and IMBA

Mumbai: Port Wings News Network: Indian Institute of Freight Forwarders (IIFF) has announced that recently it has signed the Memorandum of Understanding with International Maritime Business Academy (IMBA) to offer its course IIFF – FIATA Diploma in Logistics, Shipping and Freight Forwarding. Under the MOU, IMBA will provide IIFF Diploma …

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March Exports Show Whooping Double-Digit Growth: FIEO

New Delhi: Port Wings News Network: Reacting to March 2021 export figures, FIEO President, Mr Sharad Kumar Saraf said that the monthly exports showed a whooping double-digit growth of almost 58.50 percent clocking USD 34 billion compared to March 2020, showing not only impressive signs of further revival for the …

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Domestic Road Transportation Sector Rebounds, To Grow By 10-12% In FY2022; Outlook Revised To ‘Stable’ From ‘Negative’: ICRA

Chennai: Port Wings News Network: The Indian logistics sector has witnessed a significant sequential recovery after experiencing severe disruption in Q1 FY2021, on account of the nation-wide lockdown. This had created demand-side and supply-side challenges which eased in subsequent months   as economic activity recovered. As per ICRA note, as lockdown-related …

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