IATA Highlights Four Priorities To Build Resilience and Strengthen Air Cargo’s Post-Pandemic Prospects

Chennai: Port Wings News Network: The International Air Transport Association (IATA) highlighted four priorities to build resilience and strengthen air cargo’s post-pandemic prospects.  The priorities, outlined at the 15th World Cargo Symposium (WCS), which opened in London on 27 September are: Achieving net zero carbon emissions by 2050 Continuing to …

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TEA Appeals To Central Government And RBI To Announce Bailout Measures To Protect Tirupur MSMEs

Chennai: Port Wings News Network: Tiruppur Exporters’ Association (TEA) has appealed to Smt. Nirmala Sitharaman, Union Minister of Finance to announce Emergency Credit Line Guarantee Scheme (ECLGS) specifically to Garment Sector MSMEs, 20% of existing credit to bailout the Tirupur knitwear garment exporting units from the ongoing liquidity crisis happened …

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National Highways Logistics Management Limited, JNPA Sign MoU for Development of Multi Modal Logistics Park at Jalna in Maharashtra

New Delhi: Port Wings News Network: In presence of Union Minister for Road Transport and Highways Shri Nitin Gadkari and Union minister for Ports, Shipping and Waterways and Ayush Shri Sarbananda Sonowal a  MoU was signed  between National Highways Logistics Management Limited & JNPA for the  development of  Multi Modal …

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Gateway Distriparks Announces New ICD at Jaipur

Mumbai: Port Wings News Network: Gateway Distriparks Limited (GDL) announces that the company has completed the purchase of land at Dhanakya, near Jaipur, and will now commence construction of a new rail-linked Inland Container Depot (ICD). This will be the company’s 5th ICD besides five Container Freight Stations taking the …

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Editorial: Is a global Recession Imminent?

Chennai, 21 Sept 2022: Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions has ignited a debate about the possibility of a global recession—a contraction in global per capita GDP. Drawing on insights gained from previous global recessions, this …

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Nitin Gadkari Emphasizes on Reduction of Logistics Cost

New Delhi: Port Wings News Network: Union Minister for Road Transport and Highways Shri Nitin Gadkari has emphasized on reduction of logistics cost from 14 – 16% to 10% with cooperation, coordination and communication among stakeholders. Addressing program ‘Climate Goals: Technological Roadmap to Net Zero’ he said by reducing logistics …

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IUMI Reports Rising Cargo Insurance Premiums

Chennai: Port Wings News Network: The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios. Speaking at this year’s Chicago conference, Isabelle Therrien, Chairperson of the IUMI Cargo …

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Crowley, Eastern Pacific Shipping Partner With Long-term Charters for Four LNG-Fueled Containership Newbuilds

Chennai: Port Wings News Network: U.S. shipping and logistics company Crowley has awarded Singapore-based Eastern Pacific Shipping (EPS) a contract for the charter of four newbuild containerships powered by liquified natural gas (LNG) for Crowley’s U.S.-Central America trade. Using LNG significantly lowers vessel greenhouse gas emissions, such as sulfur oxide, …

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Marine Insurance Adapting To A World In Transition: IUMI President Richard Turner

Chennai: Port Wings News Network: Opening this year’s IUMI (International Union of Marine Insurance) annual conference in Chicago, President Richard Turner introduced “Adapting to a World in Transition” as this year’s conference theme, highlighting the impact of climate, asset, macroeconomic and geopolitical changes on marine insurers, the clients they support …

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