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What went on in the first week of May 2018 in Ocean Shipping? We take a look here- Zodiac Maritime Has Ordered Four Containership Vessels at the Hyundai Heavy Industries Shipyard The famous South Korea-based shipyard, Hyundai Heavy Industries, has received a bulk order for constructing four boxships (each of 14,300 teu) for Eyal Ofer’s Zodiac Maritime company. This recent development has been reported by the Splash website. Incidentally, the grand total of the investment made by Zodiac Maritime for the vessels amounts to $405.6m, with the deliveries commencing not before July, 2020. It is not the first time that the Zodiac Maritime has signed a deal with the Hyundai shipyard (HHI) as five more boxships are being built that were previously ordered by the same company. These 11,000 teu-sized boxships are supposed to be completed by 2019. Zodiac Maritime is a well-established organization and it can proudly boast of owning a fleet of 134 vessels, which includes 36 bulker vessels, 41 containership vessels, 39 tanker vessels, 15 car carrier vessels and last but not the least, 3 LPG carrier vessels. Read More . SeaIntel Predicts a Disastrous Shortage of Feeder Vessels by the Year of 2020 The renowned market intelligence provider concerning the container shipping industry, SeaIntel, has reached to a grave conclusion that there will be a huge reduction in the estimated ratio of feeder vessels to large vessels in the global fleet scenario by 2020. As per the calculations highlighted by SeaIntel, it can be deciphered that there is a discrepancy between the injection of feeder tonnage and the phase-in of large containership vessels in the time period of 2018-20. Taking the worst-case scenario into consideration, there will be a shortage of as many as 400-1200 feeder ships by the year end of 2020. SeaIntel has added that it is highly improbable that the number will reach 1200 because the unbelievable shortage shall trigger an increase in the TC rates and cease scrapping altogether. Alan Murphy, the CEO of SeaIntel, believes that there will be an increment in the premium for feeder tonnage due to the contact absence of feeder vessel orders. Read More . V.O. Chidambaranar Port Grabs Another Milestone by Hosting the M.V. Venus History Vessel The V.O. Chidambaranar Port (VOC) has recently enhanced its overall performance and has managed to achieve another feather in its cap. On 25 th April, the VOC port has successfully handled the ‘M.V. Venus History’ vessel, along with its 38 metres across the beam. The ship had anchored at the VOC port on its long journey from the Port of Saldanha Bay in South Africa to the Mormugao Port in Goa, India. According to the specifications provided by the Port Authority, the ‘M.V. Venus History’ had rested at Berth no.9 at the VOC Port and an approximate of 45,000 tons of cargo containing iron ore, were discharged at the port without any hassles. The port crew used three mobile harbor cranes that were extremely efficient at handling the heavy cargo sans any damage or breakage. In fact, this is the first time that the port has handled iron ore as a shipment and has excelled in the ordeal! Mr. I. Jeyakumar (IRTS, Chairman of the VOC Port Trust) has congratulated the various port officers, staff, ship agents, crane operators, and stevedores involved in this affair and has encouraged the brilliant work provided by them. Read More . H-Energy Gateway Pvt. Ltd. Has Successfully Launched the First FSRU-based LNG Terminal in India The country’s very first Floating Storage Re-Gasification Unit (FSRU)- based terminal was inaugurated at the JSW Jaigarh Port in the Ratnagiri District of Maharashtra. This project was undertaken by the H-Energy Gateway Pvt. Ltd., which is the energy venture belonging to the renowned Hiranandani Group. On the other hand, the JSW port is under the supervision of the JSW Infrastructure or the maritime infrastructure development unit of the equally famous, JSW Group. It has been confirmed that the new LNG terminal has been built using top-notch engineering and safety standards. The terminal will be well-suited for allowing better storage options, fuel bunkering, re-loading, re-gasification and truck-loading activities too. Read More . Milaha Company Has Introduced a Direct Container Feeder Service Between Iraq and Qatar Located in Qatar, Milaha is quite a well-known maritime transport and logistics conglomerate. Recently, it has launched a new container feeder service between Qatar and Iraq, which will be an extension of the previous Qatar-Kuwait service as maintained by the company. On 7 th May, the first vessel following the schedule assigned for the feeder service will start its journey from the Hamad Port and will stop at the Umm Qasr Port in two days. This direct service will be ideal for the transfer of construction materials, dry/refrigerated food, consumer electronics etc. as cargo. Read More . Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.