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South Korea-Based Namsung Shipping Orders A Pair Of Feeder Boxship Vessels At Dae Sun Shipbuilding Yard Hailing from South Korea, Namsung Shipping is a famous shipping organization that has recently placed an order for constructing two advanced feeder boxship vessels (each boxship weighs around 1,000 TEU) at the DaeSun Shipyard. Namsung Shipping is the proud owner of a powerful fleet that includes 20 container vessels with a total capacity of 22,774 TEU. The well-established maritime company has long-term plans of deploying the two newly built well-equipped vessels on the trading routes existing between the Far East and Southeast Asia as the expected deliveries are to be made between 2020 and 2021. Dae Sun Shipbuilding yard has also provided Namsung with two brand-new boxships called Star Explorer and Star Frontier as funded by Korea Ship Finance. Zvezda Shipbuilding Complex Plans to Build The Most Powerful Nuclear Icebreaker Vessel In The Whole World The Zvezda Shipbuilding Complex as owned by oil giant Rosneft is located in Russia and it has now undertaken the important project of constructing the world’s most powerful nuclear icebreaker that will shatter all previous records with its advanced features and new-age technology. The renowned Zvezda Shipbuilding Complex has collaborated with Atomflot, which has gained a huge amount of popularity as a subsidiary of a Russian nuclear group by the name of Rosatom. The icebreaker will prove beneficial in promoting the commercial vessel traffic throughout the year on the Northern Sea Route that effectively forms a connection between Asia and Europe along the northern coast of Russia. The Lockdown Scenario Across The Globe Boosts The Adapting Strategies Of The Shipping Industry The dawn of the strange COVID era has made all plans of 2020 go awry as the maritime industry desperately struggles to save the global trade from suffering a huge loss as there seems to be no end in sight to this life-threatening pandemic that has gripped the world in a state of fear and uncertainty. Therefore, it has become extremely necessary for the shipping organizations to gradually evolve and adapt to newer, modern-day methods to raise the standards of dry bulk shipping. The various operating patterns coupled with a state of underinvestment has led to research on the essential requirements for widescale improvements when it comes to exploring the arena of dry bulk shipping in the wake of the Coronavirus pandemic. The shipping arena is improving its safety standards to get ready when the lockdown is permanently lifted as we welcome a digital-based era and utilize it to its utmost potential. The Port Of Oakland Recorded A 1.9 Percent Year-On-Year Increase In The Imports During The COVID Era Regarded as one of the major gateways for the US-China trade scenario, the Port of Oakland has reported a sudden boost in its overall imports by 1.9 percent year-on-year (YoY) despite the problematic COVID scenario that has led to a 10 percent boost in blank sailings. Since the start of the worldwide pandemic, the Port of Oakland has been suffering under tremendous pressure just like Long Beach and Los Angeles and has been struggling to fight off an unfavourable situation. The Container Corporation Of Indian Limited Has Taken A Bold Move To Let Go Of 16 Terminals To Save The Extra Costs As you must be aware, the Coronavirus pandemic has been wreaking havoc across the world and the maritime arena has been hit badly as it is suffering huge losses in the global trade scenario. Thus, many shipping companies are inevitably going through a financial crisis and have to pay attention to cost-cutting strategies as a necessary albeit desperate measure for survival. Unfortunately, the Container Corporation Of Indian Limited (CONCOR) had to surrender no less than 16 of its existing terminals across the country to the Zonal Railways in an attempt to save the overall expenditure in these times of struggle and uncertainty. Sources: https://splash247.com/namsung-shipping-orders-feeder-boxship-pair-at-dae-sun/ https://www.marinelink.com/news/zvezda-begins-building-worlds-powerful-480064 https://maritime-executive.com/editorials/unlocking-improved-safety-and-standards-for-dry-bulk-shipping https://www.porttechnology.org/news/oakland-sees-unexpected-import-jump-as-retailers-anticipate-freight-rate-hike/ http://www.maritimegateway.com/concor-surrenders-16-terminals-curb-expenses/