Blogs

CMA CGM Plans On Deploying Six LNG-Powered Vessels On The Transpacific The French liner CMA CGM is considered a global leader in the carrier arena and it has created a ripple in the maritime industry by making the biggest investments in LNG-powered tonnage. Currently, the renowned shipping organization is focused on exploring the bio-LNG possibilities to protect its gas investments in the long run. Moreover, CMA CGM is one of the founding members of the Coalition for the Energy of the Future that plans on developing carbon neutral liquefied natural gas, and which also includes the participation of other well-known organizations like Total, Airbus, Wartsila, Carrefour and ENGIE. Coming to the present-day context, CMA CGM has decided to deploy six LNG-powered vessels (each weighing around 15,000 teu) on the Transpacific, which are being regarded as the largest gas-powered boxship vessels to operate in North America. Mumbai Port Trust Has Signed 13 Memorandums Of Understanding To Promote Water Transport And Tourism Making plans ahead for the ‘Maritime India Summit’ in 2021, the Mumbai Port Trust (MbPT) has signed 13 separate Memorandums of Understanding or agreements worth Rs. 7,510 crores in a genuine attempt to boost the water transport and tourism in Mumbai. According to the different agreements, the Mumbai Port Trust is keen on starting harbor cruise tourism, constructing a new marina, and introducing water taxis from the domestic cruise terminal or DCT as located in South Mumbai. The Mumbai Port Trust is further planning on developing the city’s first marina for 300 yachts near the domestic cruise terminal and successfully establishing the Mumbai international cruise terminal project by 2021. By the end of 2030, MbPT harbors the hope of converting Mumbai into a cruise tourism hotspot offering services to 15 lakh cruise passengers. Cochin Port Trust Seals The Deal With 25 Agreements To Create Employment Opportunities The Cochin Port Trust has given the green signal to no less than 25 Memorandums of Understanding (MoU) that will open up a new scope of employment for around 3,500 people after the port incurred losses during the unfortunate pandemic situation. The Cochin Port had undergone a 40 percent loss in cargo handling during the lockdown phase and has now managed to actively revive business in the past few months. The Cochin Port Trust is now entrusted with an investment of 3,000 crores to efficiently boost the infrastructure and facilitate brand-new projects for encouraging maritime trade. The above-mentioned agreements will feature a free trade warehousing zone positioned near the International Container Transshipment Terminal along with upcoming energy-based projects by Indian Oil Corporation and Bharat Petroleum. India Looks Forward To Enter The Container Manufacturing Sector To Boost Its Export Trade India is planning to play an integral role by actively entering the container manufacturing sector with renewed zeal as the country is now focused on accelerating its export trade growth. Drawing constant inspiration from the Atma Nirbhar Bharat programme, India is all set to become a self-reliant nation that can boost its container manufacturing sector to greater heights. The Indian maritime industry has been encountering a few issues regarding a major shortage of containers on popular liner routes that needs to be addressed on an urgent basis. Maersk Tankers And Cargill Cooperate To Introduce A New Bunker Procurement Service For Tramp Shipping Companies Maersk Tankers has teamed up with Cargill to launch a new bunker procurement service for trading houses and tramp shipping companies in order to allow a transparent pricing that screams for a competitive spirit. The new bunker procurement service plans to acquire new customers while sourcing bunker fuel for the combined fleet by both Cargill and Maersk Tankers. Maersk Tankers is known for its long-term experience in commercial and operational capacity while Cargill will readily provide its in-house bunker expertise. The combined power and one-voice approach undertaken by the two major shipping organizations will surely open new opportunities for reaching out to improved services and rates and establishing strong relations with the major suppliers at bunkering hubs across the globe. Sources: https://splash247.com/cma-cgm-will-deploy-lng-powered-boxships-on-the-transpacific/ https://www.maritimegateway.com/mumbai-port-trust-signs-mous-worth-%e2%82%b97510-crore/ https://www.maritimegateway.com/cochin-port-gets-rs-3000-crore-investments/ https://www.maritimegateway.com/india-looks-to-enter-container-manufacturing/ https://maritime-executive.com/article/cargill-and-maersk-tankers-launch-new-bunker-procurement-service