Blogs

What went on between 21 st and 27th May 2018 in Ocean Shipping? We take a look here- Ocean Network Express Launches its First Containership to Make Its Debut at Asian Ports In recent news, Ocean Network Express (ONE) has introduced its first magenta-coloured containership, called the ‘ONE Commitment’, to render its services at some of the major Asian ports. Paying respect to its Japanese heritage, ONE has decided to keep its brand colour as magenta similar to the cherry blossom flowers in Japan. Incidentally, the 8,560 TEU-sized ONE Commitment is the first vessel to be painted with their brand colour (magenta) and proudly so. The containership has been introduced to the Transpacific PN2 service belonging to THE Alliance. On 15 th May, the container vessel began its maiden voyage from the Singapore Port and visited the Laem Chabang, Cai Mep and Kaohsiung ports on its way to the Yantian International Container Terminal (YICT) in China, on 25 th May as reports say. Shunichiro Mizukami, the East Asian region head and Managing Director of ONE (East Asia), has thanked the Yantian Port Authority for being a significant part of the launch of their first container vessel – ONE Commitment. Mizukami believes that the ONE Company has managed to achieve a great milestone with this noteworthy occasion. Read More . Hyundai Merchant Marine Quits the Transatlantic Trade Scenario The renowned South Korea-based Hyundai Merchant Marine (HMM) has marked its exit from the Transatlantic trades by terminating the service provided by two loops, concerning the United States and Northern Europe. After going through a large-scale restructuring two years back, the HMM Company had established its ground firmly on the global trade lanes, like the Transpacific, the Intra-Asia and later, the Asia-Europe trade. After leaving the Transatlantic trades, the company has lost its previous status of being a global liner. Reportedly, HMM has withdrawn its active participation from the TA2 and TA3 services, which was effective in cooperation with Maersk and MSC as partners. HMM shall now shift its focus on its core trade lanes, aiming for increased development and fast progress. Read More . Jawaharlal Nehru Port Marked its 29 th Anniversary in the Container Shipping/Handling Business On May 26 th , the Jawaharlal Nehru Port (JNPT) celebrated its 29 th Anniversary and reflected on its steady growth in the industry. The major port has consistently delivered the best services that made it a much-appreciated shipping port in the container handling business. During the last financial year, the port has recorded a praiseworthy 7.4 percent growth in the container cargo volume. Even the liquid cargo volume has also experienced an incredible growth of 5.98 percent over the year. Without any negative outcome, the JNPT has always focused on increasing its turnover and volume by introducing a series of trade-friendly measures. The launch of the Direct Port Delivery (DPD) has boosted trade by reducing the logistics cost and also, the duration. The JNPT is constantly striving for excellence by expanding and upgrading its existing facilities to provide its customers with improved services. Read More . The Global Giant Maersk Implements the Relaxation on the Cabotage Legislation in India The A.P. Moller-Maersk has relaxed the cabotage legislation in India, which will definitely improve the country’s competitive position in the global scenario. This announcement by the Ministry of Shipping will be very beneficial to us in the long run since it will allow the major shipping lines to carry the ex im container vessels along the Indian coast. This also enables a state of competition in the feeder market that will enhance the import-export trade in the long run. This is indeed a great news for the Indian ports because it will provide them with the positive opportunity of participating the container traffic business. Maersk has appreciated India’s resolution of upgrading its logistics department and has reached this decision. Read More K-Line is the Proud Owner of the ‘Corona Xanadu’ Coal Carrier On May 23 rd , the Kawasaki Kisen Kaisha or the K-Line has proudly declared the delivery of the special DWT-type coal carrier called the ‘Corona Xanadu’ at the Shin Kasado Dockyard in Japan. This vessel belongs to the ‘Corona-series” of the company’s specialized fleet and is well-equipped for transporting thermal coal. ‘Corona Xanadu’ is armed with the latest ecology (like the Weather Adapted Duct) and energy-saving technology to enhance the efficiency of its propellers and the ballast water management system, as well. Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.