Blogs

Japan-Based Ocean Network Express Signed A Deal With Shoei Kisen Kaisha For Chartering Six Brand-New Containerships Over the years, the Ocean Network Express has gained a huge amount of popularity in the maritime arena by delivering a consistently admirable performance in the Japanese shipping business. Currently headquartered in Tokyo and Singapore and falling under the joint supervision of two well-established Japanese shipping organizations like Mitsui O.S.K. Lines, K Line and Nippon Yusen Kaisha, the Ocean Network Express Pte. Ltd. has a strong presence and powerful connections. Recently, Ocean Network Express has signed an agreement with Shoei Kisen Kaisha for the chartering of no less than six newbuild, large-sized container vessels for a long-term contract of 15 years. The Japan Marine Limited and Imabari Shipbuilding are jointly planning the construction of the brand-new containerships with deliveries to be roughly scheduled in 2023 and 2024, which are soon to be declared as the world’s largest vessels in the container sector. The ultra-large container vessels will promote fuel efficiency (emitting considerably lower levels of carbon emissions) along with advanced technology to boost the overall performance of the company’s fleet through an avant-garde hull design. India Plans To Soon Develop A Cargo Container Manufacturing Hub At Bhavnagar In Gujarat The growing demand for shipping containers has been triggered by a sharp rise in exports as well as manufacturing. China has always been a dominating factor in the cargo container manufacturing business by building around 90 percent of the global shipping containers and now, India is slowly venturing into the trade as inspired by the Atmanirbhar Bharat initiative. Throwing light into the matter, the Ministry of Ports, Shipping and Waterways has developed a committee to help transform Bhavnagar in Gujarat into a major manufacturing hub for cargo containers. Bhavnagar will soon be responsible for building sturdy steel boxes that will fare well in packing and moving an impressive variety of cargo across vessels, rail and road in the near future. Pushpak Logistics has offered its support by already ordering a few containers and cementing a pilot project at Bhavnagar. According to research, the Container Corporation of India or the largest container rail operator across the country will need an approximate of 2,000-2,500 teus of new containers every single year. The Odisha Government Has Decided To Sign A MoU With Paradip Port Trust For Building A Riverine Port On Mahanadi River The Odisha Government has planned on agreeing to a MoU in joint collaboration with the Paradip Port Trust for the upcoming construction of an all-weather, riverine port on the famous Mahanadi river. The riverine port is meant to be completed in multiple phases with a praiseworthy investment of Rs.4,062 crores and encompassing a capacity of 54 MTPA. The state government is prepared to offer around 300 hectares and the riverine port will include a modern-day infrastructure, improved road connectivity, proper rail connectivity and dredging. The Ministry Of Ports, Shipping And Waterways Works Hard To Encourage Coastal Shipping Under The Sagarmala Programme The Ministry of Ports, Shipping and Waterways (MoPSW) is striving hard to achieve a milestone by promoting coastal shipping under the Ministry’s flagship programme called the Sagarmala project, which is focussed on bringing forth a port-led evolution in India. The main objective of the Sagarmala programme is to utilize the resources offered by the 7500 kms of coastline and navigable waterways across the country. According to the survey conducted by the Ministry of Ports, Shipping and Waterways, the well-known domestic sites like Jamnagar, Goa, Hazira, Pipavav, Mumbai, Kochi, Mundra, Dahej, Mandvi and Diu are optimum locations to facilitate coastal shipping in all its glory. Apart from the above-mentioned sites, the Ministry has also narrowed down six international routes that are responsible for linking with international destinations like Jaffna (in Sri Lanka), Chattogram (in Bangladesh), Madagascar and Seychelles (in East Africa), in order to establish ferry services via inland waterways. United Maritime Egypt Looks Forward To Expanding Its Ferry-Based Operations On The Red Sea United Maritime Egypt has carved out a special niche in the maritime industry by establishing itself as one of the most prominent ro-ro and passenger service operators on the Red Sea. Lately, the organization is gaining momentum in upgrading and extending its ferry-based services on the Red Sea after acquiring well-equipped vessels from Scandinavia. As a matter of fact, United Maritime Egypt has been successful in acquiring the possession of two extra vessels and that features the first large-sized passenger ferry in the organization. Sources: https://splash247.com/one-clinches-charter-for-six-mega-containerships/ https://www.maritimegateway.com/cargo-container-manufacturing-hub-planned-at-bhavnagar/ https://www.maritimegateway.com/odisha-government-to-sign-mou-with-paradip-port-trust-for-development-of-riverine-port/ http://www.eximin.net/NewsDetails.aspx?name=46128 https://maritime-executive.com/article/expanding-ferry-service-on-the-red-sea