Latest Updates - Maritime Shipping - 10th January, 2022

Latest Updates - Maritime Shipping - 10th January, 2022

Latest Updates - Maritime Shipping - 10th January, 2022

The Mediterranean Shipping Co. Has Been Declared As The Largest Container Liner In The World

Over the years, the Mediterranean Shipping Co. (or, more commonly referred to as MSC) has carved out its own special niche in the container shipping arena as one of the major shipping organizations in the world, and also that supervises around 200 routes across 155 countries. Now, MSC has bagged the title of the world’s largest liner when it comes to evaluating the operated container vessel capacity, as declared by Alphaliner in the recent news. It is indeed a huge milestone for the Mediterranean Shipping Co. as it has finally managed to surpass its 2M partner Maersk that has always ruled the container liner arena for a long time. As of now, MSC is in charge of 645 container vessels with an overall capacity of 4,284, 728 teu.


India Has Announced Future Plans Of Redeveloping A Strategic Oil Terminal Along With Sri Lanka

India has shared its upcoming plans for developing a brand-new oil terminal along with the joint collaboration with Sri Lanka, which comprises around 100 large-sized oil tanks. The new oil facility will feature an overall capacity of 8 million barrels of oil and will be strategically located on the eastern coast in Sri Lanka near the Trincomalee port, which is a renowned natural harbor across the globe. Throwing light on the matter, both countries have actively discussed the newfangled ideas and advanced techniques for modernizing the oil terminal and boosting the growth in the long run.


Karnataka Is Prepared To Launch Its First LNG Terminal In Mangaluru

The government has recently signed a memorandum of understanding (MoU) for introducing the first LNG terminal in Mangaluru along with the cooperation of the LNG Alliance Company from Singapore. Moreover, the upcoming terminal is also Karnataka’s first-ever LNG terminal and hence, is a huge boost to the maritime scenario of the state. The terminal will involve an investment of Rs.2,250 crores and will require the assistance of the New Mangalore Port Trust (NMPT) while offering employment to 200 people in the near future.


The Chennai Port Witnesses Long Delays In New Crew Change On Vessels

The Coronavirus pandemic continues to wreak havoc across the globe and unfortunately, it has had a massive impact on the maritime industry. As the third wave rages in the country, the Chennai Port has experienced long delays in new crew change on vessels owing to the implementation of Covid-19 rules and strict protocols. The rules include compulsory RT PCR tests as an attempt to observe the necessary precautions at the major port.


The Norwegian Cruise Line Has Cancelled Trips After The Surge In COVID Cases

The COVID-19 pandemic is nowhere close to its end as it keeps on raging with renewed force in 2022. This has inevitably affected the maritime industry to a great extent as the shipping organizations are sadly witnessing a loss in the trade as well as minimal profit since the pandemic hit in 2020. Thus, the Norwegian Cruise Line has been compelled to cancel trips on eight vessels, after considering the escalating covid cases in the United States.





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