Paradip: Port Wings News Network: Dredging Corporation of India (DCI) has been awarded the Maintenance Dredging Contract at Paradip Port Trust for the period May 2021 to Mid March 2022. The total quantity to be dredged 7 Million M3 with an estimated cost of Rs 98.00 CR. Dredging Corporation of …

Chennai: Port Wings News Network: Tirupur Exporters Association (TEA) on 12 May 2021 thanked the Tamil Nadu Chief Minister M K Stalin for the announcement of concessions to the MSMEs at this hour of crisis. In a statement to media, Shri. Raja. M. Shanmugham, President, TEA, said these concessions will …

Chennai, 12 May 2021: The spiraling crisis from resurgence of COVID-19 cases in India has dented support for the ruling BJP but voter support for Prime Minister Narendra Modi and his party will remain strong over the coming quarters and through this humanitarian crisis, says Fitch Solutions. The sudden and …

New Delhi: Port Wings News Network: In view of the surge in COVID-19 cases, the ‘Covid-19 Helpdesk’ of Directorate General of Foreign Trade (DGFT) in the Department of Commerce has from 26.04.2021 onwards started collecting information on the difficulties being faced by exporting community so as to examine and resolve …

New Delhi: Port Wings News Network: India’s largest Container Port, Jawaharlal Nehru Port Trust handled four medical-grade oxygen filled  cryogenic containers with total quantity of 80 MT. Each cryogenic container carried 20 MT of Liquid Medical grade Oxygen. These medical grade oxygen containers were loaded in Jebel Ali, United Arab …

Chennai: Port Wings News Network: DP World has significantly expanded its European inland network, adding three key ports in the Alsace region through its affiliate company, Swissterminal. Earlier this month, the public authority Syndicat Mixte des Ports du Sud Alsace (SMO) awarded the concession contract of the Ports of Mulhouse-Rhin …

Chennai: Port Wings News Network: DP WORLD, a leading global provider of end to end logistics solutions, and the Ministry of Transport, have signed a Memorandum of Understanding (MoU) with the aim of developing the Ethiopian side of the road linking Ethiopia to Berbera into one of the major trade …

Mumbai: Port Wings News Network: All India Association of Industries (AIAI) welcomes the RBI’s move to launch a Rs. 50,000 crore liquidity window for banks to lend to the healthcare sector. We feel that the move will improve flow of credit to hospitals, pharmaceutical and vaccine manufacturers, oxygen cylinder producers …

New Delhi: Port Wings News Network: Global air cargo demand bounced back into growth in April after a -3% dip in March, with high load factors keeping the international airfreight system under significant strain as the traditional surge in summer capacity has so far failed to materialise for a second …

Chennai: Port Wings News Network: A.P. Moller – Maersk had an exceptionally strong start to the year, with strong earnings and growth momentum across all our businesses in ocean, port services and logistics. The company benefitted from strong demand in a market still influenced by the pandemic and significant disruptions …

Mumbai: Port Wings News Network: Maritime Association of Nationwide Shipping Agencies (MANSA) has lauded Mumbai Port and its Indira Container Terminal Pvt Ltd’s (ICTPL) initiative to introduce a vessel berthing facility at night at the offshore container terminal. The first such vessel M.V. Precious Ace was berthed on April 30 …

Chennai, 05 May 2021: The steep rise of Covid-19 infections in India and the continuously worsening situation in the country has prompted Rystad Energy to significantly downgrade its short-term global liquids demand estimate. India’s struggle will slash an extra 575,000 barrels per day (bpd) of oil liquids demand in April …

New Delhi: Port Wings News Network: Reacting to the trade data of April, 2021, Mr Sharad Kumar Saraf, President, FIEO said that the impressive growth reiterates our assessment that order booking position of our exporters is extremely good and with gradual improvement of situation in the country, will push exports …