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Paradip Port Celebrates 45th World Maritime Day

Paradip: Port Wings News Network: With the theme, “New Technologies for Greener Shipping” Paradip Port observed the 45th World Maritime Day, on 28 September 2022. It reflects the need to support a green transition of the Maritime Sector into a sustainable future, while leaving no one behind. Unlike National Maritime …

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Editorial: Centre in a Bind

Chennai, 28 Sept 2022: Tamil Nadu Chief Minister M K Stalin has fired a fresh salvo against the Union government’s new draft Indian Ports Bill, which he felt would stifle the State-specific initiatives and choke their growth, and firmly told Prime Minister Narendra Modi to drop moves to “impose a …

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IATA Highlights Four Priorities To Build Resilience and Strengthen Air Cargo’s Post-Pandemic Prospects

Chennai: Port Wings News Network: The International Air Transport Association (IATA) highlighted four priorities to build resilience and strengthen air cargo’s post-pandemic prospects.  The priorities, outlined at the 15th World Cargo Symposium (WCS), which opened in London on 27 September are: Achieving net zero carbon emissions by 2050 Continuing to …

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Gateway Distriparks Announces New ICD at Jaipur

Mumbai: Port Wings News Network: Gateway Distriparks Limited (GDL) announces that the company has completed the purchase of land at Dhanakya, near Jaipur, and will now commence construction of a new rail-linked Inland Container Depot (ICD). This will be the company’s 5th ICD besides five Container Freight Stations taking the …

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Editorial: Is a global Recession Imminent?

Chennai, 21 Sept 2022: Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions has ignited a debate about the possibility of a global recession—a contraction in global per capita GDP. Drawing on insights gained from previous global recessions, this …

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Nitin Gadkari Emphasizes on Reduction of Logistics Cost

New Delhi: Port Wings News Network: Union Minister for Road Transport and Highways Shri Nitin Gadkari has emphasized on reduction of logistics cost from 14 – 16% to 10% with cooperation, coordination and communication among stakeholders. Addressing program ‘Climate Goals: Technological Roadmap to Net Zero’ he said by reducing logistics …

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IUMI Reports Rising Cargo Insurance Premiums

Chennai: Port Wings News Network: The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios. Speaking at this year’s Chicago conference, Isabelle Therrien, Chairperson of the IUMI Cargo …

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