March Exports Show Whooping 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 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 …

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Domestic Road Transportation Sector Rebounds, To Grow By 10-12% In FY2022; Outlook Revised To ‘Stable’ From ‘Negative’: ICRA

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 …

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Editorial: The Ripple Effect

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 …

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JNPT Inaugurates Inter Terminal Route

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 …

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FFFAI Urges for Smooth Connectivity and Logistics Infrastructure to Strengthen Trade Among BBIN

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. …

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Port of Gothenburg Market Share Increases

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 …

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Editorial: Misplaced Reforms Process

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 …

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GRSE Built Indigenous Warship, INLCU L58 Commissioned

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 …

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