Blogs

CMA CGM Confirms The Acquisition Of The Fenix Marine Services Terminal In Los Angeles CMA CGM is a French containerline that has been successful in carving out a solid niche in the maritime arena with its consistently good performance and top-notch quality. Recently, the organization has shared its plans of taking over the operations of Fenix Marine Services (FMS) Terminal in Los Angeles for an incredible sum of 2.3 billion dollars. The French containerline is the owner of 10% stake in the terminal that is popular as the third-largest terminal (in terms of capacity) in the Los Angeles or Long Beach region. Additionally, CMA CGM has plans of enhancing the terminal capacity, building a new berth and boosting the terminal’s digital transformation. Tata Steel BSL Has Successfully Exported LD Slag To Bangladesh For Cement Making Purposes Tata Steel BSL is being regarded as the first Indian company to export LD (Linz-Donawitz) slag to Bangladesh for the purpose of making cement. The company has exported 9,000 tons of LD slag (which is a by-product of the steel-making process) in its first shipment from Dhamra Port to the Bangladesh market from its unit based in the Dhenkanal district in Odisha. APM Terminals Plans To Form A Strategic Alliance With Shanghai Zhenhua Heavy Industries Company APM Terminals has confirmed the news that it has future plans of forming a strategic alliance with Shanghai Zhenhua Heavy Industries Company that will boost the deployment as well as joint development of automated solutions, such as automated container handling equipment. APM is a strong believer of the fact that the prevailing industry practice of transactional customer-supplier alliance has proven less efficient when it comes to complex automation deployments. Cochin Port Introduces Brand-New Radars And Vessel Traffic Management System Cochin Port has launched new facilities that put the spotlight on the newly introduced Radars and Vessel Traffic Management System of Cochin Port Trust. The VTMS or Vessel Traffic Management System has undergone an upgrade with state-of-the-art features comprising three VHF Radios, an AIS Base Station, two radars and associated software and hardware. The Maritime Industry Is Looking Forward To Embracing Methanol-Fueled Vessels In The Near Future The shipping industry is now attempting to popularise the advanced concept of methanol-fueled vessels as the upcoming transition from age-old and conventional heavy fuel oil. Presently, there are only 13 dual-fueled (powered by methanol) ocean-going vessels operating across the globe and hopefully, the number shall increase in the days to come. Recently, Mitsui O.S.K. Lines accepted the delivery of the 18th methanol carrier in its fleet, which was built by the Hyundai Mipo Dockyard in South Korea. The vessel is chartered by Waterfront Shipping Company and sanctioned for a long-term contract and is well-equipped with advanced features to run on heavy oil or methanol Sources: https://www.maritimegateway.com/tata-steel-exports-slag-to-bangladesh/ https://www.maritimegateway.com/apm-terminals-in-alliance-with-zpmc/ https://www.maritimegateway.com/new-facilities-at-cochin-port-inaugurated/ https://maritime-executive.com/article/two-new-vessels-illustrate-progress-with-methanol-fueled-ships