Blogs

What went on between 15 th and 20 th May 2018 in Ocean Shipping? We take a look here- Gold Star Line Celebrates its 60 th Anniversary Since its Inception in 1958 Gold Star Line has consistently delivered its promises from its beginning in 1958 in the shipping industry. As it celebrates its 60 th anniversary, Gold Star Line is a huge name in the Intra-Asia shipping trade. With the progress in time, there has been an unfortunate increase in the challenges that Company has to face in the liner industry. In order to survive and flourish in the Intra-Asia trade, it has to overcome the hurdles caused by the new trade rules and the subsequent rise of new economies. According to Danny Hoffman, the MD of Gold Star Line, many new opportunities will open up in the Asia continent in future that will facilitate trading on a whole new level. Hoffman also stated that the Company has altered its business dynamics to suit the demands of the new age. Being a mid-sized organization, the GSL will try its level best to incorporate the usage of modern, advanced technology and stay ahead of its competitors. Read More Cuba-based Mariel Port Plans to Become a Regional Shipping Hub Cuba’s Mariel port is a deep-water container terminal is undergoing a lot of preparations to become a major, regional hub in the country’s shipping scene. The Mariel terminal is situated in an industrial park that is at a distance of 28 miles west of Havana. Charles Baker, the terminal’s general manager said that the terminal will be able to host mega-sized vessels after it completes the dredging of its canals, by next year. This development will definitely boost the anemic economy of the country and can successfully attract the attention of foreign investors. The Mariel terminal is already well-appreciated for its four post-Panamax cranes and the ability to handle an estimate of 800,000 cargo containers every year, surpassing the performance of the Havana port. Moreover, the Port Authority has long-term plans of improving the Mariel Industrial Park to allow the transfer of more Cuban exports through the terminal. Read More Chennai Port Boasting of another Noteworthy Performance in Handling Shipment Of recent, the Chennai Port has been delivering one great performance after the other. But, the latest one has enhanced its overall performance to such a high standard that it has been the talk of the town ever since! The Port catapulted into another successful record by handling 4,257 tons of project cargo on May 13 th itself. The entire day, the Port Authority had been busy managing the m .v. Lady Celine vessel at SQ1 berth, to be precise. As per reports, the Chennai Port has outdone its previous record of handling 3,531 tons of shipment on November 5 th 2014 , which concerned the m .v. Yin Shun vessel. The Chairman of the Chennai Port Trust has appreciated the contribution made by the importer BHEL and the Seagreen Stevedoring and Logistics organization in achieving this landmark performance. Read More The Inland Waterways Authority of India Plans to Promote Financial Models for Developing the Inland Waterways The Indian Government has now driven its focus on National Waterways and encouraging it to be a key transport intervention in the widespread, transport network strategy in the nation. The Government is hopeful that this would set right the transport modal mix and lower the too high logistics costs on the Indian economy. As a result, the Inland Waterways Authority of India (IWAI) has suggested the involvement of banks to allow better availability of financing options in the IWT sector. Read More Alphaliner States the Surge in Current Buoyant Demand to Supply Container Vessels The expert analysts associated with Alphaliner are making us aware of the intense pressure of delivering an incredible number of 900,000 teu of newbuild vessels. This new vessel capacity meant for delivery is estimated for the time period starting from May to the end of this year. The Alphaliner has also highlighted the fact that substantial newbuilding backlog is becoming too frightening for the container shipping market in the present scenario. If this issue is not handled seriously, it could even lead to a disruption in the year’s liner fortunes, as well. Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.