1 November 2021

Latest Updates - Maritime Shipping - 1st November, 2021

Latest Updates - Maritime Shipping - 1st November, 2021
California Has Introduced A Strategic Partnership To Boost Infrastructure Developments The California Governor, Gavin Newsom, has been successful in sanctioning a strategic partnership along with the US Department of Transportation (USDOT) to facilitate the infrastructure-related developments in the U.S. state. The Emerging Projects Agreement will allow California to accelerate the development of projects to boost the overall movement of imports and exports through the state. The partnership will focus on initiating the construction in the transportation supply chain and the projects that will reap the benefits are the inland port facilities, port upgrades, highway upgrades, and capacity expansion for freight rail. Paradip Port Trust Plans to Make Better Use Of The Port Facilities To Enhance The Coal Transportation The Union Coals and Mines Minister, Pralhad Joshi, has highlighted the importance of the port facilities at Paradip Port Trust in the state of Odisha in an attempt to increase the coal transportation via the sea route. The port facilities at the Paradip Port Trust should be completely utilized to boost the hassle-free transportation of coal and to gradually transform the port into a coal hub. Adani Ports Has Plans To Abandon The Upcoming Construction Of A Container Terminal In Myanmar Adani Ports has abandoned the construction of a container terminal in Myanmar a few weeks after it had already applied for a US licence for the project. Last year, Adani Ports had been deemed the winner of the bid to construct and supervise the Yangon International Terminal that was regarded as an independent project owned by the reputed organization. Haldia Dock Complex Announced The Requirements for Calling And Sailing Of Vessels The Haldia Dock Complex has put forward the necessary requirements regarding the smooth calling and sailing of vessels. It is mandatory for all outward vessels to be prepared to initiate hauling from the berth within 10 minutes of boarding the Dock Pilot, in order to avoid the cancellation charges. Plus, the number of soft mooring ropes boarded on the vessels approaching at the Haldia Oil Jetties and River Mooring Buoy to be submitted earlier with Pre-Arrival Notification. The Panama Canal Authority Reports A Solid Surge In Tonnage In 2021 The Panama Canal Authority has reported a successful year with a rapid growth in tonnage crossing the canal in FY 2021. Bringing the full year into question, the Panama Canal has reported a record-breaking annual tonnage of 516.7 million Panama Canal tons that indicates an 8.7% increase over the record in 2020, as well as 10 percent increase over the record in 2019. Keeping in mind the ongoing trend of the shipping organizations focussing on utilizing large-sized vessels to easily carry greater loads, the number of transits remained flat. The Canal implemented a number of strategies to achieve a commendable increase when it comes to Neopanamax transits. Sources: https://splash247.com/california-takes-step-to-fast-track-transport-infrastructure-development/ https://www.maritimegateway.com/transforming-paradip-port-into-coal-hub/ https://www.maritimegateway.com/adani-abandons-myanmar-container-terminal-plans/ https://www.eximin.net/NewsDetails.aspx?name=50073 https://maritime-executive.com/article/panama-canal-reports-solid-growth-in-tonnage-in-2021

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