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What went on from 23rd to 30th April 2018 in Ocean Shipping? We take a look here- The Baltic Exchange and Freightos Have Joined Hands to Develop a Global Container Freight Index The renowned Baltic Exchange has signed a deal with a digital container freight platform, called Freightos, to launch the first global container freight index in the world. It has been decided that the Baltic Exchange will be responsible for the audit of the new freight index and incidentally, it will be republished as the Freightos Baltic Indices. The Freightos International Freight Index will highlight the spot rates (on a weekly basis) related to 40-feet containers, which shall be based on the 12-18 million price points reflected on 12 major shipping trade lines. According to the recent reports, a headline index called the FBX Global Container Index, will be also be included to ensure the benefit of derivative, financial instruments in the long run. The FBX Global Container Index operates on the aggregated/ anonymized real-time data that is collected from various shippers, carriers, and forwarders on a global scale. Source . Sealand Introduces an All-Water Service from the Port of New Orleans The intra-American regional ocean carrier belonging to the Maersk group has successfully launched its direct, all-water service known as the Gulf Ocean Express (GOEX) service. The GOEX is going to connect the regions of Colombia, Panama and Central America through the Port of New Orleans. On 20 th April, the service commenced with the Sealand Tiger vessel from the Port NOLA. As a matter of fact, two vessels from Sealand and one from MSC are going to participate in the GOEX service, reportedly. The rotation is divided into Northbound and Southbound and can be listed below as: Northbound: Cartagena- Manzanillo- Puerto Cortes- Santo Tomas de Castilla- Houston – New Orleans Southbound: Houston- New Orleans- Puerto Cortes- Santo Tomas de Castilla- Cartagena- Manzanillo Source Bulk Carrier Accident at Navlakhi Port in Gujarat On 22 nd April 2018, an unfortunate accident occurred at Navlakhi Port (Gujarat) while the cargo vessel, MV Feng Hui Hai, was anchored at the port and waiting to discharge the shipment. The vessel was carrying a coal-laden shipment to India, all the way from Indonesia. The vessel authority quickly notified the Port officials about an emergency situation involving three crew members when they sensed danger. According to the reports released by Mr. Pradip Shejul, Jamnagar Superintendent of Police (SP), the hazard occurred when one of the crew members had opened a coal container and got severely affected by the gases released. The other two crew members had come forward to help him but they too were devastated by the gas. Though the members were immediately rushed to a hospital in Jamnagar, two were already dead and the other is undergoing treatment at present. Source . Krishnapatnam Port Records a Commendable Growth in Total Cargo Handling for the Latest Financial Year Krishnapatnam Port Company Ltd. (KPCL), located in the state of Andhra Pradesh, is extremely popular as the largest deep water, all-weather port in the country. As per the statistical data obtained recently, the Port has handled an approximate of 45 million metric tonnes (MMT) of cargo in the last financial year of 2017-18. Granite, coal, and iron ore were among the types of cargo, which topped the list in the cargo portfolio managed by the Port Authority. The Director and CEO of the KPCL, Mr. Anil Yendluri, has told the press that the Krishnapatnam Port shall now focus on new government policies and managing new cargo such as steel, sand, agri-commodities etc. Indeed, the top-notch quality and the advanced technology of the port’s infrastructure is worthy of appreciation. Source . Gemadept Shipping Has Purchased a Feedermax Boxship from Tsurumi Kisen An affiliate company of Vietnam’s port and logistics group (Gemadept Corporation) called the Gemadept Shipping, has recently bought a feedermax boxship vessel from the Japan-based Tsurumi Kisen. The 1,054 teu-sized boxship is named as ‘Sinar Bromo’ and it was built in 2009. However, the ship has been given a new name under the Vietnamese flag and will now be known as the ‘Pride Pacific’. Currently, the Gemadept fleet comprises of 4 feeder boxship vessels, with their sizes in the range of 700- 1,200 teu. In 2017, the Shipping Company had also acquired ‘Sinar Buton’ (now called the ‘Green Pacific), which is the sister vessel of the ‘Sinar Bromo’. Source . Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.