Blogs

Maersk Is All Set To Order Carbon-Neutral Vessels Within The Next Three Years AP Moller-Maersk has a powerful footprint in the maritime industry by being the largest container line in the whole world. The CEO of the organization, Soren Skou has announced in the famous Outrage and Optimism podcast, the interesting fact that Maersk is getting ready to invest in carbon-neutral ships in the coming three years. The Outrage and Optimism podcast revolves around the future prospects in the maritime arena and the latest episode focused on Maersk’s decision to acquire eco-friendly, carbon-neutral vessels in the near future. The company plans to initially invest in small-sized vessels that operate in regional trades before acquiring large-sized boxships in the long run. Back in December 2018, Maersk decided on becoming the first well-established shipping company to turn fully carbon-neutral by 2050. The introduction of zero-emission, eco-friendly vessels by the major shipping lines across the globe will indeed go a long way in preventing further damage to our precious environment as the entire world is now threatened by the looming crisis of climate change. Shipping Corporation Of India Has Teamed Up With Inland Waterways Authority To Initiate Coastal Shipping Services In the latest news, the Shipping Corporation Of India (SCI) has given the green signal to a collaborative effort with the Inland Waterways Authority (IWAI) to introduce coastal shipping services soon. Not many are aware of the fact that coastal shipping only makes for two percent of the freight movement in India. The state-run Shipping Corporation Of India is keen on developing a well-planned network of coastal shipping operations as thoroughly supervised by its fully-owned, Kolkata-based subsidiary called Inland and Coastal Shipping Ltd. The Inland and Coastal Shipping Ltd. is all set to start its coastal shipping services on National Waterway-1 that covers the stretch on River Ganga all the way from Varanasi to Haldia. The Container Corporation of India is a state-run organization that is not operational in the coastal shipping industry anymore. SCI efficiently deals with multiple shipping sectors and its existing fleet includes container vessels, bulk carriers, passenger-cum-cargo vessels and crude oil tankers. With the advent of the coastal shipping services, our country will surely become more self-reliant when it comes to boosting trade and improving a well-organized network of top-notch services. Hyderabad-Based Aurobindo Realty And Infrastructure Pvt. Ltd. To Possess 41.12 Percent Stake In Kakinada Seaports Ltd. Based out of the fast-growing Hyderabad city, the Aurobindo Realty and Infrastructure Pvt. Ltd. is ready for initiating its second port investment in four months by deciding to acquire a 41.12 percent stake in the Kakinada Seaports Ltd, as promoted by the Kakinada Infrastructure Holdings Pvt. Ltd. Over the years, Aurobindo Realty and Infrastructure has gained a huge amount of popularity as a successful real estate and infrastructure venture as established by Mumbai-based Aurobindo Pharma Ltd. Till date, Kakinada Seaports is entitled with the right to maintain and supervise the deep-water Kakinada port as located in Andhra Pradesh. PSA Mumbai Boosts Connectivity To Europe With The Launch Of New Maritime Services PSA Mumbai is on a mission to improve the connectivity with Europe by introducing the brand-new EPIC/ EPI3/ IP1 service. The service is highly efficient at linking PSA Mumbai with the major trade markets in Europe by following the rotation as cited - PSA Mumbai - Mundra - Jeddah - Tangier - Southampton - Bremerhaven - Rotterdam - Antwerp - Le Havre - Algeciras - Jeddah - Jebel Ali - Abu Dhabi - Qasim - PSA Mumbai. Elon Musk’s Firm Invests In Offshore Rigs To Convert Them Into Launchpads For SpaceX Rockets A shipping company as established by the business tycoon Elon Musk has purchased two deep-water, offshore rigs with the future plans of transforming them into hi-tech, floating launch pads for SpaceX (or, Space Exploration Technologies Corp) rockets. The two above-mentioned rigs are referred to as Valaris 8500 and Valaris 8501 and can serve as brilliant additions for the utilization of advanced SpaceX rockets. Sources: https://splash247.com/skou-maersk-will-order-first-carbon-neutral-ships-within-the-next-three-years/ https://www.maritimegateway.com/sci-and-iwai-to-start-coastal-services/ https://www.maritimegateway.com/aurobindo-realty-to-buy-stake-in-kakinada-seaports/ http://www.eximin.net/NewsDetails.aspx?name=46403 https://www.marinelink.com/news/elon-musks-firm-buys-two-offshore-rigs-484690