Chennai: Port Wings News Network: AMET University held their marine department symposium, ‘MARINE TRAFFIC’, on the 26 April, 2022. It was presided by the Chancellor Dr. J. Ramachandran and inaugurated by the Chief Guest of Honour, Dr. M. Ravi (IPS), Commissioner of Police, Tambaram. The Chancellor gave a glowing description …

Mumbai: Port Wings News Network: APM Terminals Pipavav, one of the leading gateway ports in Western India, has secured a new service Jade Express mainly for transhipment cargoes. The weekly service, introduced by Maersk, will connect Port Pipavav to Port Qasim. Jade Express connects Pipavav perfectly in time for the …

Chennai: Port Wings News Network: J M Baxi Ports & Logistics Ltd, a unit of the Mumbai-based 105-year-old J M Baxi Group, has acquired the residual 26% stake in Visakha Container Terminal Pvt Ltd from DP World. The deal means that Visakha Container Terminal is now 100% owned by J …

Mumbai: Port Wings News Network: Essar Ports Vizag Terminal Ltd (EVTL), the largest iron ore handling complex in India on 28 April said that it has handled the largest dry bulk vessel and recorded the largest parcel in Vizag Port. On 20th April 2022, the M.V. Star Eleni, a bulk …

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Chennai, 27 April 2022: Tanker markets are being broadly impacted by uncertainties related to geopolitical developments. Aframax and Suezmax freight rates, the main vessels used to transport Black Sea flows, have been particularly affected, OPEC said in its latest monthly report. In monthly terms,  Aframax spot freight rates around the …

Chennai: Port Wings News Network: Tiruppur Exporters’ Association (TEA) appealed to the finance ministry to start a rupee-rouble payment mechanism with Russia. In a letter to finance minister Nirmala Sitharaman, TEA president Raja M Shanmugham said the payments received by MSMEs in Tirupur from buyers in Russia have been stopped …

Chennai: Port Wings News Network: The Indian Maritime University (IMU), headquartered in Chennai, is a Central University established by an Act of Parliament in 2008. It is a six-campus strong academic establishment offering professional courses to develop trained maritime personnel for the thriving marine trade sector through four schools, namely …

Chennai: Port Wings News Network:   Foreign exchange inflow is very essential for any country to have a strong economy, Vice President Venkaiah Naidu, has said. Addressing a gathering while presenting Export Excellence awards for SEZs and EOUs in Chennai, Venkaiah Naidu said: “This foreign exchange inflow is mostly achieved …

New Delhi: Port Wings News Network: India’s exports of Ceramics & Glassware products for 2021-22 hit a record at US$ 3464 Million. During FY 2013-14; India’s Ceramic & Glassware products exports were valued at US$ 1292 Million. The Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution …

Chennai: Port Wings News Network: Adani Ports and Special Economic Zone Ltd (APSEZ) through its subsidiary, The Adani Harbour Services Ltd (TAHSL), has entered into a definitive agreement for acquisition of 100% stake in Ocean Sparkle Ltd (OSL), India’s leading third-party marine services provider. Key activities carried by the company …

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Chennai, 20 April 2022: Supply chain shortages have only recently become a trending topic industry-wide due to production issues and rising demand for many of our favorite items. This can be mostly attributed to factors such as the COVID-19 pandemic or even extreme weather events. However, these recent events were …

Paradip: Port Wings News Network: The Chairman, Paradip Port, Shri P.L Haranadh, IRTS on 18 April 2022 inaugurated Vessel Construction activities at Paradip Port Slipway with the Keel Laying Ceremony of a Pilot Boat. The Boat is being constructed by Sadhav Offshore Engineering Pvt Ltd. (SOEPL), which has taken the …

Chennai: Port Wings News Network: The Federation of Freight Forwarders Associations in India (FFFAI) has announced its 24th Biennial Convention of the Federation to be held from August 12 to 14, 2022 at ITC Grand Chola in Chennai with the theme ‘Logistics – Reshape, Embrace and Surge in The Digital …