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Taiwan-Based Wan Hai Lines Has Ordered Twelve Boxship Vessels At The Newly Founded Nihon Shipyard Wan Hai Lines is a well-known shipping organization based out of Taiwan that began its journey way back in 1965 and is now regarded as the 11th strongest player in the maritime arena. Wan Hai Lines has an existing fleet of 72 vessels with a total capacity of 180,000 teus as headquartered in Taipei, Taiwan. Wan Hai is currently in charge of 124 vessels that includes 55 chartered ships along with 69 self-owned vessels. As a recent development, Wan Hai Lines has declared its new plan of ordering no less than twelve boxship vessels at the newly established Nihon Shipyard, which encompasses a total capacity of 3,013 teus. The total investment for constructing twelve robust boxships at Japan Marine Limited or JMU has been estimated at $565.2m. Wan Hai Lines is now reinforcing its strong presence in the maritime industry as it has pending orders of twelve 2,038 teu vessels at the Huangpu Wenchong Shipbuilding in China. The Traffic Performance At New Mangalore Port Is Expected To Increase Soon By Introducing 33 National Highway Projects Over the years, the New Mangalore Port has gained a huge amount of popularity by becoming the largest port in Mangalore and functioning as a compact, all-weather port at Panambur in Karnataka. The port’s operations are controlled by the New Mangalore Port Trust and it is now regarded as the seventh largest port in India. It is being predicted that the traffic performance of the New Mangalore Port will drastically increase after launching 33 national highway projects as implemented by the Union Minister of Road Transport and Highways. Venkata Ramana Akkaraju, the current Chairman of the New Mangalore Port Trust, has announced that the New Mangalore Port is well-equipped to handle an approximate of 77 million metric tons of cargo by 2030. The Port Trust is hopeful that the weak port connectivity will positively improve after launching the brand-new national highway projects soon. The East Container Terminal Requires The Assistance From Indian And Japanese Organizations To Be Developed Into A Transshipment Hub The future plans of converting the reputed East Container Terminal (commonly known as ECT) into a flourishing transshipment hub now require foreign assistance as declared by the State Minister for Money & Capital Market and State Enterprise Reforms. The reports confirmed that the Sri Lankan Port Authority will still preside over the controlling stake of 51% and the remaining 49% will be distributed to foreign investors like the Adani Group from India along with a Japanese marine organization. The East Container Hub is rapidly emerging as a major transshipment hub with around 67% of business transactions based in India. India Delivers First Batch Of Heavy Equipment For Rapid Development Of Iran’s Chabahar Port India has successfully delivered the first batch of heavy cargo (that includes heavy equipment like cranes) for the future development of Chabahar Port in Iran, therefore laying the foundation for New Delhi’s powerful connection with the strategic planning of the Chabahar Port while it opens numerous opportunities in the trade markets of Central Asia. The heavy shipment consisted of two mobile harbour cranes that weighed 140 tons and were sourced from a famous Italian firm. The fresh batch of equipment will find its application at Shahid Beheshti terminal in Chabahar Port that is supervised by India. Maersk Tankers Announced The Decision Of Selling The Company’s First Wind-Assisted Vessel Maersk Tankers has earned a lot of fame by leading Maersk’s liquid bulk business and has now reached a decision to sell off its first wind-assisted vessel called the Maersk Pelican. As you must be aware of, the Maersk Pelican was known worldwide as the first product tanker that successfully incorporated the wind propulsion technology to boost its marine operations. Maersk Pelican is now the property of Buana Lintas Lautan (BULL) from Indonesia and it has now been renamed as Timberwolf. The vessel will be fitted with advanced fuel-saving mechanisms to improve the vessel’s overall performance and reduce the harmful carbon dioxide emissions, as well. Sources: https://splash247.com/wan-hai-orders-12-boxships-at-jmu/ http://maritimegateway.com/nh-projects-improve-new-mangalore-port-performance/ http://maritimegateway.com/slpa-indian-japanese-companies-to-develop-ect-cabraal/ http://maritimegateway.com/india-delivers-heavy-cranes-to-chabahar-port/ https://maritime-executive.com/article/maersk-tankers-sells-its-first-wind-assisted-vessel