Blogs

What went on in the second week of May 2018 in Ocean Shipping? We take a look here- APL Successfully Reduces the Levels of Carbon Dioxide Gas Emitted From its Vessels In this ultra-modern world, our manmade equipment and machinery are responsible for causing environmental pollution on a daily basis. Though it seems like a tough challenge, we should try and do our best to prevent or lessen any damage to the ecosystem. So, it is highly commendable that APL has achieved greatly in reducing the amount of carbon dioxide emissions from its numerous vessels. In 2017, it has been recorded by the Business for Social Responsibility’s Clean Cargo Working Group (CCWG) Environmental Performance Assessment that APL has cut down its carbon dioxide usage by an incredible 50.7 percent. Dennis Yee, the Global Head (for Safety, Security and Environment) of the APL group, has communicated to the press that the company constantly tries its level best to decrease the carbon footprint of its fleet operations and has finally emerged successful. Dennis also said that the company prioritizes the environmental safety through sustainable shipping and will definitely attain its goal of contributing to a greener, healthier environment. Taiwan-based Maritime and Transport Companies Have Signed Up for a Joint Venture for Improving Overseas Investment In recent news, the maritime giants of Taiwan’s shipping industry have come forth in an agreement to increase overseas investment and promoting new business. The main organizations associated with this venture arranged by the country’s Ministry of Transportation are the TS Lines, Yang Ming Marine Transport, Taiwan Navigation, Chunghwa Post Taiwan International Ports Corporation (TIPC) and the Tungya Transportation, respectively. The joint project is supposed to be brought into action from October, with its headquarters located in Singapore. This project directly falls under the Taiwanese Government’s initiative known as the New Southbound Policy, which promotes its cooperation with the other countries in South-East Asia, South Asia etc. According to the current reports, the TIPC and Yang Ming companies will be entitled to hold one-third equity interest while the remaining four organizations will contribute for the remaining one-third interest. Major Ports in India Show Positive Growth in Handling Shipment In the month of April, some of the significant ports in India has recorded a noticeable change in the growth chart after handling 56.81 million tons of cargo in an expert manner. These major ports include Chennai, Kolkata, Cochin, Paradip, JNPT, Kamarajar, Deendayal, Visakhapatnam, and New Mangalore. In case of commodities, the POL percentage is reported to be the maximum while containers, thermal/steam coal, iron ore and pellets, finished fertilizer etc. constituting the rest of the shipment. The Kolkata port (including Haldia) has been declared as the one that showed the highest growth at 12.56 percent. Jawaharlal Nehru Port Opened a Heavy Lift Counter on Container Vessels In May 2018, the Jawaharlal Nehru Port Authority has recently opened the operations of a heavy lift counter on containerships. The floating crane named ‘Rija’ did a great job of loading a shipment of 100- t on MSC Sola, reportedly. The floating crane was transferred from the Mumbai port to the JN port or the Nhava Seva port with the help of JNPT tugs. As a matter of fact, the floating crane is owned and supervised by the Link Shipping & Management unit. The ‘Riju’ crane was returned to the Mumbai port on that very day after it rendered its services in loading a hefty load of cargo onto the MSC Sola vessel. This quick solution is supported by the trade because container vessels are much easier to handle, offer a lesser transit time and are also low maintenance. Panama Canal Has Introduced an Additional Reservation Slot to Enhance the Neopanamax Reservations A new slot is added to the existing reservation schedule concerning the Neopanamax locks of the famous Panama Canal, which has subsequently increased the total available slots for booking to eight. This will also enhance the maximum beam that is allowed for the vessels transiting the Neopanamax locks in the month of April. In the recent times, the Panama Canal has become a significant connecting link in the LNG supply chain, which has a huge impact throughout the world. On March 2 nd , the 3000 th Neopanamax ship called the MSC Caterina, made its transit through the canal from the Pacific Ocean to the Atlantic Ocean. Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.