Blogs

Maersk Growth Has Invested In A 3PL Platform Called Torch Along With Other Venture-Capital Organizations Maersk Growth has decided to invest in Torch (an emerging 3PL platform concerned with the short-hauls segment) along with the cooperation of a few more venture-capital companies to make sure that Torch gets enough funding to explore brand-new possibilities in analytics, as well as in expanding its network. Torch began its journey in 2019 by linking high-volume shippers with a widespread network of short-haul carriers, thus promoting technology purpose-built to enhance the long-term performance of the short-haul industry. Moreover, the substantial investment by Maersk Growth will enable Torch to strengthen its customer-based services too. Maersk Growth has always been ready to offer a helping hand to growing maritime businesses by welcoming new and improved business models and taking the global supply chains to a whole new level. India Launches A Four-Point Action Plan To Handle The Ongoing Economic Crisis Caused By The Suez Canal Issue The Indian Government has acted prompt in chalking out a four-point action plan in a meeting presided over by the Logistics division (under the supervision of the Commerce Ministry) along with participation of the Federation of Indian Export Organizations, Ministry of Ports, Shipping and Waterways, Container Shipping Lines Association and the Directorate-General of Shipping. Following the serious discussion, a four-point action strategy was formulated to deal with the ongoing economic crisis because of the Suez Canal blockage. The plan will determine shipment as the top priority with active control of freight rates and re-routing of vessels. The freight rates have to undergo a strict disciplinary action to normalize the temporary crisis situation and to also avert any permanent impact in the long run. Kakinada Port Takes The Lead Role In Exporting Rice To 25 African Countries As Well As China And Vietnam Based in Andhra Pradesh, Kakinada Port is playing an integral role in boosting rice exports to no less than 25 African nations along with China and Vietnam in the loop. Despite the tough and unpredictable situation created by the devastating COVID pandemic, India has led the world in providing rice to approximately 170 countries amidst such a global crisis. In 2021, the rice exports from our country to foreign destinations are being controlled by the major ports like Chennai, Visakhapatnam, Kandla, and Krishnapatnam. Plus, there is an assured availability of surplus quantities of rice in Andhra Pradesh, Telangana, Chhattisgarh and Odisha to be exported abroad in present times of need. The availability of substantial quantities of rice has also boosted employment in India and has proven to be beneficial in the long run. The Ministry Of Ports, Shipping And Waterways Has Given The Nod To Develop All-Weather ROPAX Jetty In Odisha The Ministry of Ports, Shipping, and Waterways have given administrative approval to invest substantial funding of Rs.50.30 crores to build the all-weather ROPAX Jetty in the Kendrapara district of Odisha under the much-talked about Sagarmala initiative. The remaining 50 percent expenses will be covered by the Government of Odisha to develop the ROPAX project at Talachua and Kaninali, which will include dredging, navigational aids along parking area infrastructure. The all-weather ROPAX jetty will go a long way in diminishing the travel duration for passengers from a tiresome 6 hours by road to a hassle-free 1 hour via waterway. Plus, the upcoming project will encourage indirect opportunities for employment for locals residing near the Dhamra river, while cutting down on the road distance between Talachua and Dhamra. Rauma Marine Constructions Secured A New Order From TT Line Company For The Construction Of Two Car And Passenger Ferries Finland-based shipbuilder Rauma Marine Constructions has acquired a fresh order for building two car and passenger ferries at the well-known Rauma shipyard. The recent order has been placed by the Australian organization called TT Line Company. The Rauma Shipyard excels at delivering top-notch services even during a global crisis and the Rauma Marine Constructions (RMC) is confident in assuring world-class solutions in difficult and challenging scenarios. The Ruma shipyard will begin its operations in 2022 and the first vessel is scheduled to be handed over to TT Line Company in late 2023 and the second vessel to be delivered in 2024. Sources: https://splash247.com/maersk-growth-among-investors-in-torch-short-haul-freight-network/ https://www.maritimegateway.com/india-sketches-out-four-point-plan-to-deal-with-suez-canal-crisis-2/ https://www.maritimegateway.com/kakinada-port-leads-in-rice-exports-2/ https://www.maritimegateway.com/ropax-jetty-to-come-up-on-river-dhamra/ https://www.marinelink.com/news/tt-line-circles-back-rauma-shipyard-ropax-48684