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Editorial: ‘Underweight’ to ‘Benchmark’

Chennai, 21 Dec 2022: Stating that India’s level of economic activity is closer to the pre-pandemic path, global brokerage firm Credit Suisse expects the Gross Domestic Product (GDP) growth of the country going ahead will be stronger than the current consensus forecast of 6 per cent in the financial year …

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Government Committed To Improve Trade Facilitation Facilities for Stakeholders: Nirmala Sitharaman

Chennai: Port Wings News Network: Prime Minister Narendra Modi’s government is committed to improve the trade facilitation facilities for stakeholders including customs officers and trading communities, Union Finance Minister Nirmala Sitharaman has said. Participating in the stone-laying ceremony of the 9-storeyed ‘Vaigai’ Customs House Complex at an estimation of Rs …

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Adani Gangavaram Port Inaugurates New Warehouse Facility

Visakhapatnam: Port Wings News Network: Adani Gangavaram Port the deepest and the most modern port in the country on 15 December inaugurated a state-of-the-art warehouse at the port. The new warehouse is spread over 11,000 sq mtrs and has a storage capacity of 50,000 MTs. This newest addition brings the …

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Senior Official From Shipping Ministry Visits Paradip Port

Paradip: Port Wings News Network: As part of the regular review, Shri Sudhansh Pant, IAS, Hon’ble OSD, for Ports, Shipping and Waterways, Government of India, made his maiden visit to Paradip Port Authority on 15 December 2022. He was extended a very warm welcome by Shri P. L. Haranadh, Chairman, …

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Paradip Port Clocks Another Significant Milestone

Paradip: Port Wings News Network: Paradip Port has achieved another milestone by handling highest ever cargo traffic of 6,49,730 Metric Tonnes in a single day on 14 December 2022. While congratulating Team Paradip Port Authority on this stupendous performance, Shri P.L.Haranadh, Chairman, PPA, has also offered his heartfelt thanks to …

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Port of Long Beach Cargo Volume Eases in November

Chennai: Port Wings News Network: Trade moving through the Port of Long Beach softened in November amid reduced orders from retailers, full warehouses, vessel transfers between the San Pedro Bay ports and goods shifted toward seaports along the East and Gulf coasts. Dockworkers and terminal operators moved 588,742 twenty-foot equivalent …

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Lord Jeffrey Mountevans Appointed New Baltic Exchange Chairman

Chennai: Port Wings News Network: Lord Jeffrey Mountevans has been appointed Chairman of the Baltic Exchange Council with effect from 1 January 2023. He succeeds Denis Petropoulos, who has held the position since June 2019. A former Lord Mayor of London (2015/2016) and ex-Clarksons shipbroker, Lord Mountevans is an elected …

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ICS Says Shipping Will Overcome Challenges And Thrive In 2023

Chennai: Port Wings News Network: The shipping industry can overcome geopolitical challenges and thrive, said the Institute of Chartered Shipbrokers Greek Branch at its 17th Annual Forum. The recent event, ‘Moving Forward with the World in Turmoil’, was held on December 7 at the Eugenides Foundation and was broadcasted live …

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Editorial: Equitable Energy Transition

Chennai, 14 Dec 2022: The international maritime community gathered this week in London to discuss the energy transition of shipping, in particular the revision of the levels of ambition of the IMO GHG (Greenhouse Gas Emissions) Strategy, the combination of measures to be adopted to drive decarbonisation, and the ensuring …

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FIEO, Shiprocket Join Hands To Provide End-to-End e-commerce Export Shipping Solutions

New Delhi: Port Wings News Network: Federation of Indian Export Organisations (FIEO) signs Memorandum of Understanding with Shiprocket a leading E-commerce enablement platform owned by Bigfoot Retail Solutions Private Limited to support micro, small and medium enterprise (MSME) exporters in India showcasing their products on the Indian Business Portal. Shiprocket …

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