March Exports Show Whopping Double Digit Growth: FIEO

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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Editorial: Light At End of the Pipeline!

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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Piyush Goyal Launches “DGFT Trade Facilitation App”

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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Air Cargo Demand Up 9% in February Compared to Pre-COVID Levels: IATA

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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Editorial: A Black Swan Event

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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