Portwings Your Window to Maritime World

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 whooping double-digit growth of almost 58.50 percent clocking USD 34 billion compared to March 2020, showing not only impressive signs of further revival for the …

Chennai: Port Wings News Network: The Indian logistics sector has witnessed a significant sequential recovery after experiencing severe disruption in Q1 FY2021, on account of the nation-wide lockdown. This had created demand-side and supply-side challenges which eased in subsequent months   as economic activity recovered. As per ICRA note, as lockdown-related …

Mumbai: Port Wings News Network: Essar Bulk Terminal Ltd (EBTL), part of ports business of Essar, on 31 March said that a new cruise route from Hazira to Diu was launched from its passenger ferry terminal at Hazira Port, thus revolutionizing coastal transportation across the western coast of India and …

Chennai, 31 March 2021: Ever Given made headlines following its grounding in one of the key bloodlines of the global trade, namely the Suez Canal. Specifically, 12% of world trade takes place through the Suez Canal, and estimates from Bloomberg indicate that the blockage has halted $9.6 billion worth of …

New Delhi: Port Wings News Network: A Four-point plan has been chalked out to deal with the situation arising from the blockage of Suez Canal. This plan was chalked out in a meeting convened by the Logistics Division, Department of Commerce, Government of India on 26 March. The meeting was …

Mumbai: Port Wings News Network: In a major push and with a vision to achieve seamless trade, new Inter Terminal Route connecting BMCT Terminal with all the other four Container Terminals of JNPT was inaugurated at Jawaharlal Nehru Port Trust (JNPT), India’s premier container port on 27 March. The Inter …

Mumbai: Port Wings News Network: In view of tremendous potential of cross border trade between Bangladesh, Bhutan, India and Nepal (BBIN) Mr Shankar Shinde, chairman-elect, the Federation of Freight Forwarders Associations in India (FFFAI), has recommended for seamless multimodal connectivity and strong logistics infrastructure in each of the above countries. …

Chennai: Port Wings News Network: Tirupur Exporters Association (TEA) has appealed to the Government for instalment in repayment of Funded Interest Term Loan (FITL) and extension of interest equalisation scheme. Shri. Raja M Shanmugham, President, TEA, said RBI had decided to permit lending institutions to convert the accumulated interest on …

Chennai: Port Wings News Network: The Port of Gothenburg is by far the largest container port in Sweden. Official figures recently published show that the port has grown even more in relation to other ports in Sweden and Europe. Container volumes at the Port of Gothenburg rose by 0.5 per …

Tuticorin: Port Wings News Network: Dakshin Bharat Gateway Terminal Pvt. Ltd., a container terminal at Berth No. 8 of V. O. Chidambaranar Port Trust – Tuticorin,  has announced the achievement of key milestone – 2 Million TEUs in March 2021, through its enduring, enhanced customer service and productivity levels amidst …

Chennai, 24 March 2021: When Finance Minister Nirmala Sitharaman said in her Budget presentation for 2021-22 that the government intends to privatise two public sector banks, without specifying which ones, it was a part of a larger thrust by the government on roping in the private sector to pick up …

New Delhi: Port Wings News Network: IndusFood 2021, South- Asia’s biggest food and beverages show has seen a footfall of more than 750 global buyers hailing from 52 countries during two days. GCC and CIS region has seen the maximum footfall. GCC region attracted more than 150 global buyers followed …

Kolkata: Port Wings News Network: IN LCU L-58, the 8th and the last ship under Project LCU Mark IV, delivered by the shipyard on 31 Dec 2020 was commissioned on 18 March at Port Blair in the august presence of Lieutenant General Manoj Pande, AVSM, VSM. (CINCAN – Commander-in-Chief Andaman …