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The last week in the shipping industry has been pretty eventful and has thrown light on some really important issues. Let’s take a good look at those updates. Maersk Line Boosted Its Deal with BigOceanData (Its Vessel Tracking Services) The world-famous container shipping line, Maersk, has decided to expand its earlier contract with the BigOceanData organization, which provided the much-needed vessel tracking services to the company. The earlier 2-year contract in September 2016 was renewed for 30 more months as Maersk is very satisfied with the system’s performance and is looking forward to further explore its integration potential. As per this new agreement, the system (provided by the BigOceanData) will cover three times the initial number of ships and almost double the number of users involved. In the past two years, the vessel tracking services have been a huge success in deftly tracking the Maersk Line’s fleet with the help of fused data feeds. The advanced system provided by the BigOceanData is capable of producing position reports every 10 minutes in ocean waters, as well as coastal waters. Therefore, it becomes a lot easier for Maersk to optimize the performance of its existing vessels while reaping the benefits of cost savings, in the long run. Read More Navios Maritime Containers Plans to Add Nine New Boxships to its Current Fleet The renowned Navios Maritime Containers (owned by Angeliki Frangou) was founded in 2017 and comprises a fleet of 30 vessels amounting to 166,338 teu. Lately, it has decided to add nine new vessels to its name, which includes five boxships for an incredible sum of $246m. Recently, the Navios Containers had bought a 6,800teu boxship called the ‘Hyundai Hong Kong’ for a price tag of $36m from the affiliate Navios Maritime Partners. Incidentally, the boxship is associated with a charter till December 2023. The Navios Maritime Containers has made a wise decision of acquiring four new vessels (each of 6,800 teu), namely the ‘Hyundai Tokyo’, the ‘Hyundai Busan’, the ‘Hyundai Shanghai’ and the ‘Hyundai Singapore’ that are individually priced at $36m. As per the media reports, the Navios Containers has also ordered four containerships (each of 10,000 teu) for a total sum of $210m, from an unnamed third party. These containerships are also associated with time charters at $26,663 per day in the upcoming time period of April-June 2019. All the necessary funding will be covered by a new bank debt, even though the Navios organization has already collaborated filed to arrange for $100m at a public offering on the NASDAQ. Read More CMA CGM Acquired Finnish Shortsea Operator CMA CGM has taken hold of the Baltic-based Shortsea Operator, Containerships, which also includes the holdings of its parent company, the Container Finance Ltd. Oy. The foundation of Containerships dates back to the year 1966 and it has been providing multimodal logistics services and shortsea network services ever since. The deal will be closed towards the end of 2018 and will signify the successful integration of Container Finance’s container logistics operations along with the regional market offering by CMA CGM, concerning the European and the Mediterranean regions. This will definitely strengthen and enhance the development of the group’s regional network. Meanwhile, the Containerships organization will focus on improving its LNG fuel strategy and developing better routes and services. The firm has decided to encourage the usage of LNG-fueled propulsion in all of their vessels in the near future. Read More Angre Port Skillfully Handled a Project Cargo Ship On June 8 th , the handling of a project cargo ship (known as T Prime) by the Angre Port Pvt. Ltd. has been declared as a complete success! The availability of 2,243 coated pipes for the H-Energy LNG project was a big deal, indeed. Even though bad weather and waves threatened the situation, the Port Authority could arrange for the all necessary actions for the safe handling of the cargo vessel. Read More The Kolkata Port Trust and PSA Join Hands for Future Upgradation of Container Terminal On June 12, a joint business event was held at the Taj Bengal, which was organized by the Kolkata Port Trust (KoPT) along with a subsidiary of PSA (namely the Bharat Kolkata Container Terminal Ltd. The business meet highlighted the future plans of expanding the container terminal of the Kolkata Port that will inevitably include a large-scale upgrade of the container storage space, increase in the number of mechanized container berths, digitization of documentation, doubling the yard capacity, overhauling of rail lines and so on. Moreover, the two dock systems of Kolkata and Haldia have set high but not unattainable goals of handling an approximate of 1 million TEUs in the present financial term. Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.