Blogs

The Mediterranean Shipping Company And CMA CGM Are Declared As Foundation Carriers For TradeLens Blockchain Platform The Mediterranean Shipping Company or MSC has been announced as a so-called foundation carrier along with CMA CGM for the well-established TradeLens blockchain platform as built by Maersk and IBM. Established in 2018, the TradeLens digital network has effortlessly connected more than 175 organizations that includes over 10 ocean carriers plus data from 600 terminals and ports, as well. The involvement of the two global maritime leaders (MSC and CMA CGM) in the powerful, new-age online blockchain platform has been declared as a great achievement for the shipping industry. Earlier, the maritime arena had revolved around manual document handling coupled with paper-based trade that had to bear the disadvantages of enhanced costs and decreased continuity of business. TradeLens has been successful at ushering in the era of digitization in an attempt to provide end-to-end solutions as suited for the requirement of customers. The TradeLens members can extensively use the modern-day platform to globally connect within the ecosystem and easily share the necessary information withholding any transaction that contains sensitive data. The Indian Ports Association Joins The International Port Community Systems Association As The Latest Member The International Port Community Systems (IPCSA) has recently welcomed the Indian Ports Association (IPA) as its newly added member, as reported by a press release. The port community systems or PCSs provide a stimulating, widespread network of electronics communication platforms to make sure that the logistics operations as well as the transport services are working efficiently across hundreds of inland ports, sea ports, and airports. The IPCSA is looking forward to the contribution by IPA as the long-term experience and knowledge will prove extremely beneficial in the days to come as it develops an advanced, national PCS. Plus, this will also play a huge role in adapting to the trending global initiatives in the shipping arena. India is keen on improving its digital infrastructure and allowing e-governance in a new light. Nowadays, the information is being rapidly shared via real-time working along with multiple stakeholder systems and enhancing the speed and transparency while diminishing the chances of committing errors in the long run. India’s First International Multi-Modal Hub To Be Launched Soon In Assam Assam is ready to welcome the country’s very first international multi-modal hub as confirmed by Mr. Chandra Mohan Patowary, who is well-known as the Assam Industry and Commerce Minister. The long-term project is all set to be funded by the Asian Development Bank (ADB) at an approximate value of Rs.600 crore. Throwing light on this matter, an exclusive India-Bangladesh Stakeholders’ meeting is going to be organized at Guwahati in order to create awareness about the various opportunities put forward by the trade agreements on the consecutive days of October 22 and October 23. The Government of Assam has conceptualized a logistics hub or a transshipment point at a small township near the Brahmaputra river called Jogighopa that will be responsible for moving cargo all the way from Northeastern states like Assam, Nagaland and Arunachal Pradesh to Bangladesh. Moreover, there are future plans of transforming the Munshiganj River Terminal into a customs station to deal with the third-party import and export shipment with help from the Kolkata Port. NICDC Logistics Data Services Has Finally Extended Its Services To Bangladesh And Nepal Formerly known as DMICDC Logistics Data Services, the NICDC Logistics Data Services has recently extended its multiple, top-notch services to Nepal and Bangladesh after the Land Port Authority of India (LPAI) had sanctioned the action. LPAI had given the green signal for installing brand-new RFID readers at Integrated Check Posts (or commonly referred to as ICPs) at India-Bangladesh and India-Nepal borders. German SAL Group Acquired A Majority Stake In The US-Based Company Called Intermarine The German SAL Group has taken the possession of a majority stake in Intermarine, which happens to be a US-based shipping organization that focuses on break bulk shipping as well as heavy lifting. SAL heavy Lift of Germany is positive that this acquisition will bring together the expertise, fleets and resources of both the renowned maritime companies to give rise to the concept of a broader operation in the near future. Intermarine has carved out a special niche in the shipping industry by offering world-class break bulk services between North and South America along with the Caribbean. Sources: https://splash247.com/cma-cgm-and-msc-join-tradelens-as-foundation-carriers/ http://www.maritimegateway.com/indian-ports-association-joins-ipcsa-member/ http://www.maritimegateway.com/assam-set-indias-first-international-multi-modal-hub/ http://www.maritimegateway.com/nicdc-logistics-data-services-extends-services-nepal-bangladesh/ https://maritime-executive.com/article/consolidation-in-heavy-lift-as-german-sal-group-buys-us-intermarine