Blogs

What went on from 16th to 22nd April 2018 in Ocean Shipping? We take a look here- The Panama Canal Authority Plans to Handle LNG Cargoes Fivefold Owing to the steady performance over the recent years, the Panama Canal Authority predicted that it would be able to manage at least five times its present LNG Cargo capacity, by 2020 for sure. Jorge Quijano, the ACP administrator, is of the opinion that the Panama Canal is now designed to manage the American natural gas shipment, weighing up to 30 million tons per annum. In an interview with the Reuters, Jorge believes that the volumes will rise subsequently with an increase of the online LNG plants, with respect to the US Gulf Coast. According to the research analysis made by the renowned International Energy Agency, America is probably going to become the biggest exporter of LNG supply in the entire world. The Canal is all set to improve its service by adding tugs and tug crew, which will allow it to accommodate the increasing volume based on the requirements. In fact, the Panama Canal Authority shall also offer the much-needed transit booking flexibility to the LMG carriers. Read More . APL Container Line Expands its Guaranteed Service to Transatlantic and Oceania Routes The world-famous APL Container Line has decided to extend its guaranteed services to the Transatlantic and Oceania regions, along with sharing its high-quality equipment. In October 2017, the Eagle GO service under APL had started its operations in the Transpacific region. Presently, this guaranteed service is under expansion to offer the benefits to six US-bound services involving no less than 17 European ports. It also includes seven services pertaining to the Australia-New Zealand region. As per the press reports, the services will commence as soon as possible regarding the company’s Asia Australia Express (AAX), China Australia (CAS, CA2 and CA3), New Zealand Express (NZE, NZ2), and last but not the least, the Asia Fremantle Express (AFX). The earlier mentioned services are being operated from the Asian ports like Hong Kong, Singapore, Busan, Yokohama, Osaka, Port Klang, Keelung, and Kaohsiung. The Company is planning to stretch the service to further include the Chinese ports like Shekou, Xiamen, Shanghai, Nansha, Yantian, Ningbo etc. from June onwards. From 23 rd April, the service will start on the Transatlantic region, which involves the West Mediterranean (WMS), Atlantic Gulf (AGX), Europe California Express (ECX), South Atlantic Express (SAX), North Atlantic (NAS) etc. Read More . Milaha Strengthens Bilateral Relations Between India and Qatar A maritime and logistics conglomerate based in Qatar, called Milaha, is trying to strengthen the bonds of cooperation between the countries of India and Qatar. For meeting its purpose, Milaha has participated in the Qatar-India Business and Investment Conference, held during 16 th - 17 th April, this year. The respectable President and CEO of Milaha, Mr. Abdulrahman Essa Al-Mannai, believes that a stronger bond can be established between the two nations by using a direct feeder service. The service came into being in 2015 and has created a wonderful network of importers, exporters, and traders connecting the Indian Subcontinent, South-East Asia and the Far East regions. Read More . Nitin Gadkari Stresses the Importance of Decreasing Logistics Costs to Increase Exports Mr. Nitin Gadkari, the Honorable Union Minister of the Road Transport and Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation, has duly emphasized on the significance of reducing costs in the logistics field, which will definitely boost India’s export trade in the long run. Till date, extensive research has been carried out regarding this subject and suggests that the logistics/warehousing industry should teach their customers the correct way of using the insurance mechanism to fulfill their benefits. Read More . S outh Korea-based Sinokor Merchant Marine Acquires a Fleet of 30 Feeder Boxships from Vroon The Sinokor Merchant Marine shipping company from South Korea has decided to take over 30 feeder vessels from the Dutch-based company called Vroon. The 30 containerships (size ranging between 700-1700 teu) will be added to Sinokor’s current fleet in a bank-driven sale. As per the records are shown by the VesselsValue, the Dutch company’s existing fleet has a total capacity of 40, 162 teu and comprises of 38 vessels, with their age being not more than 10 years. On the other hand, Sinokor has an estimate of 33 containerships, which contains 13 feedermax vessels as well. As the prediction goes, Sinokor will become one of the largest intra-Asia feeder shipping operators soon enough. Read More . Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.