Blogs

The various shipping companies in the maritime industry are constantly evolving and improving their services to provide you with nothing but the best. If you like to be up-to-date with the happenings in the marine world, you can read below to find out what’s hot now. Germany-based Hapag-Lloyd Has Rejected the Merger Proposal by CMA CGM The renowned German company, Hapag-Llyod, has always considered CMA CGM to be its greatest rival and has rejected the recent overtures made by the latter. Hapag-Llyod has made it clear that it has no desire of merging with its proclaimed competitor, which was duly reported by the Alphaliner. During an annual general meeting held at Hamburg, Klaus-Michael Kuhne (a key Hapag-Llyod shareholder) has confidently put forward the bold statement that Hapag-Llyod would love to get its hold over CMA CGM, rather than allowing it to do the same. He personally felt that the proposal was meaningless and had no potential in spite of the several attempts at negotiation. However, if those two companies were indeed ready to collaborate, it would give rise to the world’s largest container line company with 4.24 slots. As a matter of fact, the Hapag-Llyod organization is trying its best to cut down on expenses because the lowered freight rates and the rising bunker bills have declined very drastically over the years. Read More Felixstowe Terminal Delivers Slow Performance Due to IT System Problems Of late, the Felixstowe terminal has been operating slowly because of an unfortunate issue with its newly installed IT system. As a consequence, Maersk has decided to transfer one of its transatlantic services with MSC along with its COEX service to the Port of Liverpool for at least 12 weeks till Felixstowe recovers its normalcy. Ever since the new version of the terminal operating system has been installed, the British port has seen a lot of delays that has compelled Maersk to act quickly in order to protect its service integrity. The ‘Cap Beatrice’ will be the first vessel from the COEX service to call on the Liverpool Port on 20 th July. On the other hand, the ‘Archimides’ vessel will be the first one from the AE2 service on 22 nd July. The Felixstowe Terminal is recovering soon and hopefully, it will resume its operations earlier than expected. Read More TCI Seaways Launches a New Feeder Service Connecting Three Ports As we are aware of, the TCI Seaways is in charge of numerous feeder vessels on the Eastern and Western coasts of India. The TCI Seaways has recently introduced a weekly feeder service that will link the ports of Mundra, Cochin and Mangalore. This initiative has been brought into action by the New Mangalore Port Trust (NMPT) authorities, which as always has provided the best services to its clients. TCI Express, the Indian flagged vessel, had commenced its maiden voyage from the Mundra Port to NMPT on 7 th July. The TCI Express (of 26,000 DWT) has an incredible capacity of carrying 800 TEUs and it made its debut in the shipping industry, way back in 1997. The vessel was fully loaded with containers and made its journey towards the Cochin Port on the same day itself. Reportedly, the ship has delivered 52 containers at the New Mangalore Port and has also picked up 5 export boxes. NMPT has been delivering a steady performance for many years and has experienced a constant growth in container traffic. In fact, the Port has a record of handling 1.15 lakh TEUs in the last fiscal year (2017-2018). The Port authorities are focused on improving the overall infrastructure of the port. Read More The Indian Register of Shipping Has Issued Electronic Certificates for Its Classed Vessels The Indian Register of Shipping (IRClass) is of great significance in the Indian shipping industry as a leading international classification society. It has now implemented the use of electronic certificates for all the classed vessels under its name. In an attempt to bring forth digitalization, the e-Certificates in question are in accordance with the International Maritime Organization (IMO) and are available on the IRClass website as operating via a secure platform. This portal allows real-time access to the vessel owners, regulators and charterers, for checking the up-to-date class and statutory certificates throughout the world. Read More TUI Cruises Has Ordered Two LNG Newbuild Vessels from Fincantieri TUI Cruises is a successful joint venture by the Royal Caribbean Cruises and TUI AG. It has placed an order for two new LNG vessels from the Italy-based shipbuilder, Fincantieri. These new-generation cruise vessels weigh around 161,000 gross tons and are powered by liquefied natural gas (LNG). The vessels will be constructed at the Monfalcone shipyard and will be delivered in 2024 and 2026, respectively. As per the reports, these cruise ships will be the largest vessels built in an Italian shipyard and will be a symbol of reliability and innovation. Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.