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Bahri Does Not Get The Green Signal To Enter LNG Shipping Bahri has established its strong presence as the well-known shipping subsidiary of Saudi Aramco in the world of shipping with its versatile fleet that comprises 90 vessels ranging from chemical vessels, crude vessels, dry bulk carriers, and even product tankers. Saudi Aramco is pushing its limits and going beyond the conventional by purchasing overseas assets, researching on how to enter the LNG shipping sector with success and upgrading its gas resources. According to a recent report by Reuters, Bahri’s well-planned entry into the LNG world has been postponed owing to the problems that cropped up concerning the green signal for exports, a reference of which has been drawn to the Texan facility. Port Of Antwerp Maintains Its High Level Of Volume-Related Activity Despite The Global Pandemic Right from the fateful start of 2020, the COVID-19 pandemic has been incessantly wreaking havoc across the world with no end in sight. The crisis has led to businesses collapsing and enduring a string of losses and that includes the huge financial blow faced by the maritime industry. As a ray of hope, the Port of Antwerp has delivered a brilliant performance by maintaining a stable volume-related activity despite the difficult scenario during the lockdown phase and the raging pandemic. The overall freight volume did suffer a setback during April owing to the unfortunate circumstances, but the port did a brilliant job of dealing with the crisis and the total volume saw an increase by 0.4 percent during the first four months of 2020 when compared to the previous year. The slight growth in the container freight volume is quite a big achievement given the tough scenario throughout the world! International Container Transshipment Terminal At Kochi Handled Over 50,000 TEUs During The Lockdown Phase The COVID-19 situation has disrupted all the normal operations in the maritime industry and the lockdown phase has indeed brought disaster for the shipping organizations, ports, and terminals who are missing out on the usual services. The International Container Transshipment Terminal at Kochi has always performed well when it comes to managing scores of essential shipment. During the widespread lockdown, the ICTT Cochin has excelled in handling over 50,000 TEUs and around 53 vessels by constantly ensuring the smooth flow of essential commodities like rice, pulses, fruits, wheat, and even medical supplies and relying on alternate modes of transport for evacuating the necessary cargo. Hyundai Heavy Industries Secures An Order For Two Advanced VLCCs Equipped With Scrubbers The Hyundai Heavy Industries is recognized worldwide as a shipbuilding giant from South Korea and it has recently placed an order for two, well-equipped crude carriers or VLCCs that are very large and are fitted with modern-day scrubbers (to meet the IMO too. Hyundai Heavy Industries has made the news public that it has received the contracts to construct two tankers for a specific European client. First Ship Lease Trust From Singapore Accepted The Redelivery Of The YM Eminence Boxship Based in Singapore, the First Ship Lease Trust (FSR) is a fairly reputed shipping trust that has lately taken the re-delivery of the boxship known as YM Eminence, which was built way back in 2008 and weighs around 4,250 teu. The vessel has now been renamed to FSL Eminence after the acquisition and the trust has hinted that it might go up for sale in the near future. The FSL is also considering the required deployment options and the strategic operations to handle the newly acquired boxship. Sources: https://splash247.com/bahri-reportedly-puts-lng-entry-on-hold/ https://www.porttechnology.org/news/port-of-antwerp-volumes-remain-stable-despite-covid-19/ http://www.maritimegateway.com/ictt-handles-50000-teus-lock/ https://www.marinelink.com/news/hyundai-heavy-bags-double-vlcc-order-478703 https://splash247.com/fsl-considers-options-for-redelivered-boxship/