Blogs

Maersk Has Finally Announced The Acquisition Of Hong Kong-Based LF Logistics According to the recent development in the maritime arena, A.P. Moller - Maersk has once again made it to the headlines by announcing its recent acquisition of LF Logistics from Hong Kong. If we consider the organisation’s container shipping record from last year, Maersk has reportedly earned a few billions in 2020 and is now looking forward to taking possession of the well-established logistics company. Indeed, the acquisition of Hong Kong-based LF Logistics has played an integral role in boosting Maersk’s journey towards strengthening its position as the prestigious global integrator of container logistics. Soon , Maersk will be able to offer end-to-end logistics solutions by adding no less than 223 warehouses to its existing portfolio. DP World Has Invested In Boosting The Overall Infrastructure At Its Mundra Terminal In Gujarat Over the past few years, DP World has earned a lot of recognition as the major provider of smart supply chain solutions on a global basis. Recently, the renowned organization has heavily invested in upgrading the infrastructure at its Gujarat-based Mundra Terminal. The infrastructure enhancement will surely prove beneficial in boosting the overall efficiency of the terminal, which will further accelerate the modernization of the port and logistics arena in India. Throwing light on this development, DP World has added two brand-new, hi-tech Super-Post Panamax Quay Cranes to its existing fleet. Therefore, the terminal is now well-equipped with the latest technology for the smooth handling of ultra-large container vessels in the near future. Feedertech Has Introduced An India-Far East Service To Improve Trading Services Between India And The Far East Feedertech is a well-known feeder subsidiary of DP World that has been successful in launching a new India-Far East service that will effectively connect its terminals at Jawaharlal Nehru Port Trust (JNPT) and Mundra along with those at Singapore and Port Klang in Malaysia. The brand-new service is known as the Straits India Service (SIS), and will play a key role in boosting the trade between our country and the Far East by allowing transshipping at Colombo, while lowering the costs and improving the lead times, as well. Feedertech has already assigned three vessels to the Straits India Service and has also claimed an eight-day transit between Singapore and Mundra. India Is Targeting To Develop Mega Ports And Enhancing The Supply Chain Efficiency Keeping in mind the country’s target to meet its goal of becoming a 5 trillion dollar economy by the year 2025, India is now aiming for huge improvement regarding supply chain efficiency while reducing logistics costs as soon as possible. In today’s scenario, India is now one of the fastest-growing logistics sectors in the whole world, along with one of the largest supply chains, as well. In fact, a well-established and hassle-free logistics ecosystem is an extremely significant component that initiates the competitiveness of all other sectors in the country. The First Liquefied Hydrogen Carrier In The World Leaves Japan For Its Journey To Australia The first liquefied hydrogen carrier in the world has left Japan to embark on its journey to Australia. The above-mentioned hydrogen carrier is known as Suiso Frontier, and it has finally started from its base in Japan, to pick up its first shipment in Australia. According to the reports, Suiso Frontier is supposed to reach Australia in mid-January and is expected to return to its base, somewhere in late February. Sources: https://splash247.com/maersk-to-buy-lf-logistics-for-3-6bn/ https://www.maritimegateway.com/dp-world-enhancing-port-infrastructure-at-mundra-terminal/ https://www.maritimegateway.com/feedertech-launches-an-india-far-east-service/ https://www.maritimegateway.com/india-to-develop-world-class-mega-ports-transshipment-hubs-under-maritime-india-vision-2030/ https://www.marinelink.com/news/video-worlds-first-hydrogen-carrier-suiso-493111