Blogs

The Port Of Hueneme In The U.S. West Coast Has Recently Sealed The Deal With FedEx Logistics The Port of Hueneme has carved out a special niche in the maritime arena by establishing its power as the fourth-largest container port on the U.S. West Coast. Now, it has been successful in striking a brand-new business deal with FedEx Logistics. Since FedEx Logistics has recently chartered three vessels, the first one named Genco Pyrenees is scheduled to reach California from China on January 30. Plus, the above-mentioned vessel is loaded with 184 containers that feature clothing, electronics, general department-store merchandise, and automotive materials. As a matter of fact, the Port of Hueneme has been approached by FedEx Logistics in an attempt to reduce congestion prevalent at the ports of Long Beach and Los Angeles. APM Terminals Pipavav Has Introduced A New Weekly Service To The Gulf APM Terminals Pipavav has launched a new weekly service called the NMG (Nhava Sheva Mundra Gulf) that will successfully link the major ports of Nhava Sheva, Pipavav, Jebel Ali, and Sohar. Not to mention, this new service will play an integral role in connecting India to the Gulf region and in turn, will boost trade between both the flourishing markets. This service will focus on imports and exports from Punjab, Rajasthan, Delhi, and Gujarat that will revolve around a plethora of essential commodities like rice, potato, onion, clay, brass items, marble, handicrafts, dehydrated foods, and ceramic tiles. India Has Announced Its Decision To Help Sri Lanka Make The Necessary Purchase Of Petroleum Products India has finally confirmed its decision to come to Sri Lanka’s aid by supplying the essential purchase of petroleum products after the country underwent a massive fuel and energy crisis. According to recent reports, Sri Lanka is witnessing a tough situation that focuses on a serious foreign exchange shortage with depleting reserves. As a consequence, the state power utilities are finding it a challenge to run turbines, and hence, frequent power cuts are inevitable. Hence, India has decided to help Sri Lanka by extending a $500 million worth of credit line. Karnataka Focuses On Launching Its First LNG Terminal In Mangaluru According to the recent development in the maritime arena, the Karnataka government has finally signed a Memorandum of Understanding (MoU) with Singapore-based LNG Alliance Company that will play an instrumental role in constructing the state’s first LNG terminal in Mangaluru. Apart from that, the upcoming project features the Union Government’s plan of establishing an alternative fuel market to meet the target of net-zero carbon by 2070. Moreover, this project will also provide direct employment to approximately 200 people. The First Hydrogen Tanker In The World Has Planned To Ship Test Cargo From Australia To Japan Suiso Frontier has earned recognition as the first hydrogen tanker in the whole world and now, it is prepared to ship its maiden cargo all the way from Melbourne to Kobe. As a matter of fact, this test voyage was delayed by almost an entire year because of the raging Coronavirus pandemic that has severely affected the entire maritime industry. Sources: https://splash247.com/fedex-charters-three-boxships-for-alternative-transpac-service/ https://www.maritimegateway.com/apm-terminals-pipavav-secures-new-weekly-service-to-the-gulf/ https://www.maritimegateway.com/india-helps-sri-lanka-purchase-fuel/ https://www.maritimegateway.com/karnatakas-first-lng-terminal-to-come-up-in-mangaluru/ https://www.marinelink.com/news/suiso-frontier-worlds-first-hydrogen-493659