APEDA Organizes Virtual Buyer Seller Meets With Potential Importing Countries

Chennai: Port Wings News Network: The Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industry facilitates export of its scheduled products through several export promotional activities, such as organizing International Buyer Seller Meets, participation of exporters in leading trade events in the potential …

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A.P. Moller – Maersk Further Improves Profitability in Q3

Chennai: Port Wings News Network: During the third quarter A.P. Moller – Maersk improved profitability across the business and delivered strong free cash flow, despite the negative impact on global economies from the COVID-19 pandemic. The company grew earnings before interest, tax, depreciation and amortisation (EBITDA) 39 pct. to USD …

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Editorial: Tax-Terrorism to Tax-Transparency

Port Wings, 18 Nov 2020: The Prime Minister Narendra Modi underscored his government’s tax reforms such as faceless appeals and dispute redressal mechanism to say the country is moving from tax terrorism to tax transparency. The Prime Minister said when the difficulties of the country’s wealth creator are reduced, they …

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Custom Brokers Face Hardship in Clearance Under Faceless Assessment

Chennai: Port Wings News Network: EXIM Trade believed that it is undoubtedly another milestone for Customs clearance with an aim to reduce dwell time further under “Ease of Doing” program, when the Union Government introduced Faceless Assessment. The EXIM trade  rejoiced and welcomed the new procedure wherein the Import Bill …

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CMA CGM Launches ACT with CMA CGM+

Chennai: Port Wings News Network: The CMA CGM Group, a world leader in shipping and logistics, is launching ACT with CMA CGM+, an array of solutions, helping its customers lighten their environmental footprint and make their cargo carbon neutral. Available throughout all the Group’s shipping subsidiaries, this new offering consists …

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Baltic Exchange Launches Air Freight Indices

Chennai: Port Wings News Network: The Baltic Exchange on 16 November launched weekly air freight indices. It has partnered with established Hong Kong based air cargo pricing publisher TAC Index and the new indices include six outbound indices and 13 individual destination baskets. These products will be branded as the …

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Korean Register Completes First Drone and Crawler

Chennai: Port Wings News Network: The Korean Register (KR) has successfully completed its first hull survey using both a drone and crawler (a type of drone capable of climbing up and down walls) without scaffolds. The remote inspection technology was used for the intermediate survey of the bulk carrier PAN …

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