Chennai: Port Wings News Network: Hapag-Lloyd is stepping up once more the investment in its container fleet in light of the current situation – similar to what the container shipping line did in 2020 in its initial response to the pandemic – as today it needs significantly more than the …
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Chennai: Port Wings News Network: The Panama Canal Authority (ACP) has announced that it will postpone price increases on canal transit fees which were due to come into effect from 15 April. The announcement follows a joint letter sent by the International Chamber of Shipping (ICS), Asian Shipowners’ Association (ASA), …
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New Delhi: Port Wings News Network: Reacting to March 2021 export figures, FIEO President, Mr Sharad Kumar Saraf said that the monthly exports showed a whopping double digit growth of almost 60.50 percent clocking USD 34.45 billion compared to March 2020, showing not only impressive signs of further revival for …
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Chennai, 14 April 2021: OPEC+ shocked the market in early March by keeping production cuts in place. Definitely not what the tanker industry wanted to hear. In typical fashion, it was spun as good news for shipping: Spot-rate pressure would be even worse in the near term, but the pain …
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New Delhi: Port Wings News Network: Commerce & Industry Minister Shri Piyush Goyal on 12 April launched DGFT ‘Trade Facilitation’ Mobile App during the online video conference, for promoting ease of doing business and providing quick access to information to importers/exporters. Speaking on the occasion, Shri Piyush Goyal said that …
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Mumbai: Port Wings News Network: India’s first Floating Storage and Regasification Unit (FSRU)- has arrived at H-Energy’s Jaigarh Terminal in Maharashtra, the FSRU Höegh Giant which sailed from Keppel Shipyard, Singapore was berthed at Jaigarh terminal in Maharashtra on 12 April 2021. Expressing his views on the occasion Mr. Darshan …
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Chennai: Port Wings News Network: Emirates Steel, the leading integrated steel producer in the Middle East, and SAFEEN Group, the marine service arm of Abu Dhabi Ports, both part of ADQ, have announced the commencement of transshipment operations, as part of a 10-year agreement previously signed between the two parties …
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Mumbai: Port Wings News Network: Ahead of the UN Global Compact and as part of the first high-level preparatory talks for the COP26 summit, Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, a world leader in shipping and logistics, has put forward solutions that are immediately available and …
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New Delhi: Port Wings News Network: Shri Mansukh Mandaviya, Minister of State (I/C) for Ports, Shipping and Waterways, chaired a meeting to review the Urban Water Transportation projects for Mumbai, Maharashtra. Senior Officials of the Ministry, Chairperson of Mumbai Port and officials of Maharashtra Maritime Board and other stakeholders were …
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Chennai: Port Wings News Network: The International Air Transport Association (IATA) released February 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels with demand up 9% over February 2019. February demand also showed strong month-on-month growth over January 2021 levels. Volumes have …
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Chennai: Port Wings News Network: Seably introduces KARCO and its pioneering 3D Animated Online Marine Courses the global online marketplace for bespoke maritime training is expanding its library of online maritime training courses through a new global partnership with KARCO, the India based innovative and leading of 3D animated online …
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Chennai, 7 April 2021: Bigger the ship is, larger the risk. The value of commodities transported by container is getting higher and higher, therefore in the event of accident, the loss of huge amount of cargo will be the lost for ship owner, cargo owner and insurance company. The six-day …
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Mangalore: Port Wings News Network: New Mangalore Port Trust on 6 April signed an agreement with Indian Oil Corporation Ltd., Bangalore for providing bunkering Facilities to the ships visiting harbour and ships at anchorage / offshore at the port. NMPT had invited tenders from firms having experience in supplying bunker …
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