Blogs

Shell Has Declared Charter Agreements For Ten Brand-New VLCC Tankers By Dual-Fuel LNG Engines Shell Shipping & Maritime has long since established its strong presence as a new-age energy major and it has recently announced charter agreements for ten, brand-new VLCC tankers that are being powered by the help of powerful. dual-fuel LNG engines. The above-mentioned deal includes three vessels from US-based International Seaways, three vessels from Malaysia-based AET along with four vessels from Switzerland-based Advantage Tankers, all of which are supposed to be built at the Daewoo Shipbuilding & Marine Engineering in South Korea, wherein the first completed VLCC tanker will be delivered in 2022 while starting off the seven-year charters. The Global Head of Shell, Grahaeme Henderson, has commented on the recent affairs that it is an absolute necessity for the maritime sector to utilize clean fuel sources in order to usher in a better, pollution-free greener future. Throwing light on the significant matter, the introduction of LNG-powered vessels will prove beneficial at developing the zero-emission fuels in the long run. Over Thousand Containers Stuck At India-Based Mundra Port As Authorities Tackle Factory Sealing Checks Due to unfortunate circumstances at the Mundra Port, over 1,000 containers have been stuck with no luck as the port authorities are dealing with illegal self-sealing of cargo along with a serious issue of equipment shortage. According to a customs broker at Mundra port, the containers have been stuck in an inconvenient position for 7-10 days in a row and the port authorities are tackling the pressing issue by disallowing the pre-loaded containers. The port authorities have also reinstated a strict system of cargo inspection to avoid such problematic scenarios in the near future. The equipment shortage has arisen from the fact that the commerce industry is witnessing lesser imports and we might find that the local shipyards will start manufacturing containers very soon! Improved Transportation Between India And Bangladesh Might Soon Increase The National Incomes Of Both The Nations The implementation of seamless transport connectivity between India and Bangladesh is being perceived as an excellent solution to boost the national incomes of both countries by approximately 18 percent increase in India and around 17 percent rise in Bangladesh. It is being predicted that further improvement of the transport connectivity of the two neighboring nations can lead to enhanced exports according to a World Bank report. The Indian states like Assam, Tripura, Meghalaya, and Mizoram that share the border with Bangladesh will also receive a commendable amount of economic benefits after seamless connectivity is established between India and Bangladesh. India Gets Ready To Export 34 Lakh Tonnes Of Sugar As Per The All India Sugar Trade Association India has enough resources to export 34 lakh tonnes of sugar from its sugar mills, according to the recent data collected by the All India Sugar Trade Association (AISTA). In fact, India has already been successful in giving the green signal to the dispatchment of 17 lakh tonnes from the various sugar mills to multiple ports as well as refineries. India can claim a strong position as a major competitor in the global market when it comes to sugar-based exports. The Centre has confirmed funding of 3,500 crores as incentives for the exports this season. Norway-Based Awind Placed An Order For Two CSOVs from China Merchants Industry In Hong Kong The Norwegian organization Awind has ordered not one but two hybrid-electric commissioning, service, and operation vessels (more popularly denoted as CSOV) from China Merchants Industry as based in Hong Kong along with the future chance of acquiring four more advanced vessels. Awind has gained popularity as a well-known subsidiary of Awilco-affiliated Integrated Wind Solutions AS (IWS) and the brand-new 90-meter hybrid vessels will be ready for service in the first and second quarters of 2023. The hybrid-electric vessels will find extensive application when it comes to the installation, commissioning, and maintenance of offshore wind farms. Needless to add, the offshore wind industry will derive huge profits from the hi-tech ‘walk-to-work vessels that will always ensure the safety quotient plus efficiency level while simultaneously cutting down the levelized cost of energy (LCOE) for offshore wind. Sources: https://splash247.com/shell-charters-a-total-of-10-dual-fuel-lng-vlccs-from-advantage-aet-and-insw/ https://www.maritimegateway.com/over-1000-containers-stuck-at-mundra-port-amid-factory-sealing-checks/ https://www.maritimegateway.com/improve-connectivity-to-boost-ne-economy/ http://www.eximin.net/NewsDetails.aspx?name=47819 https://www.marinelink.com/news/awind-orders-two-csovs-china-merchants-48597