Blogs

Liners Facing A Potential Drop In The Trade For 2020 Owing To The Coronavirus Crisis Across The Globe As the dreadful coronavirus scare is crippling the entire world, there is no doubt regarding the fact that the maritime industry has taken a huge hit with its global trade. Throwing light on this worldwide crisis, the container shipping experts are now being forced to reconsider the full-fledged drop in the trading volumes for 2020 and a prediction is doing the rounds that the deadly virus is going to inflict a total loss of around 17m teu in 2020. In fact, comparisons are being made with the financial crisis in 2008 as the ongoing trade wars are also quite devastating for the volumes, according to the experts who are conducting active research on relevant data. Neptune Pacific Line Has Successfully Acquired The Pacific Direct Line From Its Parent Company The Neptune Pacific Line (Neptune) has recently confirmed the news of its taking the possession of the Pacific Direct Line (PDL) from its renowned parent company, the Pacific International Lines (PIL). Neptune is confident about the fact that this acquisition will play an integral role in strengthening its Polynesian and Melanesian networks and successfully link the French territories and Micronesia to increase the global connectivity in markets spread across the world by the help of strategic hubs in Fiji and New Zealand. This positive step will further ensure the strong development of the company’s mainline shipping network to establish a powerful regional network of shipping services in the Pacific Islands. Aurora Australis Sets Sail On Its Final Voyage For The Antarctic Macquarie Island RSV Aurora Australis has gained a huge amount of popularity as a well-equipped Antarctic icebreaker from Australia and now it has finally embarked on its final journey to the Antarctic Macquarie Island. The icebreaker has delivered a top-notch performance for an incredible span of 31 years in the shipping industry after serving the Australian Antarctic Program and participating in more than 14,000 expeditions across the Southern Ocean for research-based and resupply voyages. New Inland Container Depot In Madurai Helps In Strengthening The Trading Scenario The launch of the brand-new Inland Container Depot (ICD) in Madurai has proved to be extremely beneficial to Maersk by strengthening its relation with its ever-growing customers by making the Tamil Nadu hinterlands much easier to access. Being a global integrator of container logistics, Maersk is trying its level best to lower the rising cost of logistics with the use of simple, fuss-free techniques. The state-of-art Inland Container Depot in Madurai is being regarded as one of the largest depots in the country and will soon transform into an essential infrastructural hub in South India that speeds up the cargo clearance and provides first-class operational transparency. Oakland Has Joined The Growing List Of US Ports That Are Suffering From Import Crash Oakland has become the latest US-based port that has joined the other US West Coast ports (like Long Beach and Los Angeles) to be inflicted by a widespread import crash as its import numbers decreased by 9.2% year-on-year. The coronavirus fear that is gripping all parts of the globe has led to this unforeseen lag in Chinese exports as the factories were shut down and remain closed for a long time. Sources: https://splash247.com/liners-warned-to-brace-for-17m-teu-drop-in-volumes-this-year/ https://splash247.com/pil-offloads-pacific-direct-line-to-neptune-pacific-line/ https://maritime-executive.com/article/aurora-australis-departs-on-her-final-voyage http://www.maritimegateway.com/new-inland-container-depot-madurai-aid-trade-tamil-nadu-hinterlands/ https://www.porttechnology.org/news/oakland-becomes-latest-us-port-to-suffer-import-crash/