Blogs

Manila-Based ICTSI Has Linked All 31 Terminals To TradeLens The Manila based port operator called ICTSI has been successful in linking all of its 31 terminals to TradeLens - a renowned, digital-based blockchain platform created in joint collaboration by IBM and Maersk. TradeLens has achieved a huge amount of popularity as the blockchain ecosystem now includes over 175 organizations and dealing in maritime information for more than ten ocean carriers and collecting essential data across 600 terminals and ports. According to ICTSI, the well-connected terminals grouped together in a blockchain network put forth by TradeLens allows access to necessary data on cargo movements much earlier than the actual arrival of the particular vessels. Currently, TradeLens as well as ICTSI are focusing on transferring relevant data regarding berthing of vessels along with loading and unloading of shipment to the advanced, digital platform. The rapid growth of TradeLens will surely prove beneficial in introducing brand-new services for the shippers and consignees and provide utility for the services. Andhra Pradesh Government Gives A Green Signal For Developing The Upcoming Machilipatnam Port Andhra Pradesh Government has recently approved the Detailed Project Report (DPR) and has given permission for the developmental work at the upcoming Machilipatnam Port in the Krishna district. Throwing light on this new project, the Andhra Pradesh Maritime Board (APMB) has sanctioned a substantial amount of 90 crores for the acquisition of land of 225 acres as required to kick start the construction of Phase-I infrastructure. The Machilipatnam Port project is all set to be completed in different phases and drawing references from the landlord model. Andhra Pradesh Government is also looking forward to developing no less than four non-major ports to meet the growing demand for bulk and container cargo. Cochin Port Trust Draws Attention Of Investors For Constructing A Port-Based Project In Its North Coal Berth The Cochin Port Trust has attracted the attention of potential investors as needed for the construction of a brand-new, port-based project in its North Coal Berth, which will follow the standard design in sync with the Centre’s policy that focuses on the landlord development model. The Port has also given a thought to devising new strategies in an attempt to transform Willingdon Island into a Global Vista for planning a Rest, Rejuvenation, and Recreation facility by pooling into the strong tourism potential that Kerala has to offer. The Prime Minister Of India Has Renamed The Ministry Of Shipping As The Ministry Of Ports, Shipping And Waterways Mr. Narendra Modi, the Prime Minister of India has decided to rename the Ministry of Shipping as the Ministry of Ports, Shipping and Waterways as it is usually the Ministry of Shipping that supervises the ports and waterways in developed countries across the globe. The Prime Minister has also recently inaugurated the Ro-Pax terminal at Hazira and has given the green signal to the Ro-Pax ferry service between Ghogha and Hazira in Gujarat, which will definitely go a long way in improving the connectivity in the state. Norway-Based Odfjell Chemical Tanker And Ship Management Company Is Striving To Reduce Its Environmental Footprint Hailing from Norway, the Odfjell Chemical Tanker and Ship Management Company is churning out better strategies to decrease its carbon footprint and will work hard towards lessening its carbon intensity by 50 percent by 2030 and will focus on building a climate-neutral fleet by 2050. The targets set forth by Odfjell are in compliance with the goals maintained by IMO and will aim at meeting the UN Sustainable Development Goals, as well. Since the ongoing climate change poses a big threat to the maritime business on a global basis, there is an urgent need to usher in an era of sustainability and safety within the shipping organization. Sources: https://splash247.com/ictsi-connects-31-terminals-to-tradelens/ http://www.maritimegateway.com/andhra-pradesh-government-gives-nod-dpr-machilipatnam-port/ http://www.maritimegateway.com/cochin-port-trust-invites-eoi-develop-north-coal-berth/ http://www.eximin.net/NewsDetails.aspx?name=45711 https://maritime-executive.com/article/norway-s-odfjell-tanker-company-commits-to-zero-emission-ships-by-2030