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CMA CGM Has Confirmed Its $33m Investment In The Container Terminal At Beirut Port As you must already be aware, France-based CMA CGM has carved out its special niche in the container shipping and transportation industry and has successfully supervised 257 shipping routes in 160 different countries. In the latest news, CMA CGM has once again made the headlines by its decision to invest an incredible sum of $33m in the container terminal at Port of Beirut. Throwing light on the matter, the global maritime organization has selected its well-known subsidiary called CMA Terminals to operate and manage the Beirut-based container terminal. Mundra Port Gets Featured As The Busiest Container Port In The Country When it comes to handling never-ending traffic with expert administration, Mundra Port has topped the list of the busiest container ports in India. Jointly owned by Adani Ports and Special Economic Zone (APSEZ), Mundra Port has established its strong presence by being one of the most successful deep draft, all-weather ports, which also happens to be the largest commercial port in the country. Plus, Mundra port can boast of its advanced infrastructure while also housing the largest coal import terminal. As per the reports shared by APSEZ, a total of 6,665,159 TEU has been handled by the four container terminals at Mundra Port in 2021. Syama Prasad Mookerjee Port Is Focussed On Streamlining Logistics Chain Along With BCPL Syama Prasad Mookerjee Port has given the green signal to a joint collaboration with Brahmaputra Cracker and Polymer Limited (BCPL) for the preparation of a streamlined logistics chain that will facilitate the smooth movement of feedstock. According to the recent development, this might turn out to be extremely beneficial for the petrochemical complex of BCPL at Lepetkata. A New Waterway Connectivity To Be Established Between India And Bangladesh To Reduce Traffic Congestion The Inland Waterways Authority of India has readily cooperated with the Tripura Government and the Land Port Authority of India for signing a Memorandum of Understanding and building brand-new infrastructure for developing an upcoming India-Bangladesh waterway in the future. Moreover, a lot of emphases has been put on developing 10 new jetties on the Gomati river in Tripura for easing the transportation bottleneck in the Northeast. The Leading Maritime Organisations Are Joining Hands To Combat Freight Market Collusion In other news, five of the major maritime authorities across the globe are collaborating to stop the freight market collusion by identifying the prevalent issues, such as illegal conduct, price gouging, or price-fixing in the global supply chain. Focussing on innovative strategies to deal with freight market issues, the leading organizations from the United Kingdom, Canada, United States, Australia, and New Zealand have come together to fix the disruptions in the global supply chain in the wake of the Coronavirus pandemic. Sources: https://splash247.com/cma-cgm-to-invest-33m-in-beirut-port-terminal/ https://www.maritimegateway.com/mundra-busiest-container-port-in-india/ https://www.maritimegateway.com/bcpl-kolkata-port-ink-mou-to-streamline-logistics-chain/ https://www.maritimegateway.com/india-bangladesh-waterways-to-ease-northeast-transport/ https://maritime-executive.com/article/five-competition-agencies-cooperate-to-stop-freight-market-collusion