Chennai: Port Wings News Network: Russian President Vladimir Putin opened the second Baikal tunnel on the Baikal-Amur Mainline to railway traffic on 28 July via videoconference. Oleg Belozerov, Chief Executive Officer – Chairman of the Executive Board of Russian Railways, Alexey Tsydenov, Head of the Republic of Buryatia and Ruslan …

New Delhi: Port Wings News Network: In a major boost to exports of Geographical Indications (GI) products from the north-eastern region, a consignment of ‘Raja Mircha’ also referred as king chilli from Nagaland was today exported to London via Guwahati by air for the first time. The consignment of King …

New Delhi: Port Wings News Network: In a major boost to livestock export, the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industries, Government of India, is successfully exporting Indian Buffalo meat in more than 70 countries across the world, including Indonesia.  As …

New Delhi: Port Wings News Network: With an aim to further improve ease of doing business, Centre today launched the “Secured Logistics Document Exchange” along with a Calculator for Green House Gas Emissions. The Digital initiative is now set to improve logistics efficiency, reduce logistics cost, and promote multi-modality and …

New Delhi: Port Wings News Network: The Government has taken a number of steps, including strengthening of domestic manufacturing and promoting trade ties, with a number of trading partners, so as to ensure reliable and adequate supply chains. This is an ongoing process, based on the changing requirements in a …

Chennai, 28 July 2021: Globalization is back with such a vengeance that the shipping lines are struggling to keep up, sending freight rates to astronomic levels. The onset of the pandemic early last year slashed trade volumes and highlighted the vulnerability of the extended supply chains that are the hallmark …

Chennai: Port Wings News Network: DNV, the world’s leading classification society and risk management expert, is embarking on an instrumental role in helping to facilitate safe crew changes amid South East Asia’s COVID crisis as an auditor in the multi-party backed CrewSafe programme. CrewSafe is the creation of the Singapore …

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air cargo markets for June showing a 9.9% improvement on pre-COVID-19 performance (June 2019). This pushed first half-year air cargo growth to 8%, its strongest first half performance since 2017 (when the industry posted 10.2% …

Chennai: Port Wings News Network: DP World Limited handled 19.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2021, with gross container volumes increasing by 17.6% year-on-year on a reported basis and 17.1% on a like-for-like basis. Growth in 2Q21 accelerated …

Chennai, 21 July 2021: In order to address the cost disadvantage suffered by Indian flag ships, Finance Minister Nirmala Sitharaman has in her Union Budget for 2021-22 speech had announced a scheme providing Rs 1,624 crore over five years to promote flagging of merchant ships in India by providing subsidy …

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Mumbai: Port Wings News Network: Jawaharlal Nehru Port Trust (JNPT), one of India’s premier container handling ports, reached yet another milestone in SEZ development by issuing a Letter of Intent to 9 successful bidders in JNPT SEZ. On 19 July, the letters were handed over to the successful bidders by …

New Delhi: Port Wings News Network: Reacting to the trade data for the first quarter of the FY’ 2021-22, Dr A Sakthivel, President, FIEO said that the highest-ever quarterly growth in exports by more than 85 percent with USD 95 billion over FY’ 2020-21 and by about 18 percent over …

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New Delhi: Port Wings News Network: In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi on 14 July 2021 approved a scheme to provide Rs.1624 crore over five years as subsidy to Indian Shipping companies in global tenders floated …