Blogs

As the month of September has rolled in, the shipping world is full of updates. However, let’s find out what happened during the last week in August that ushered in the new changes. NYK Agrees to Create a Joint Holding Company to Integrate Terminal Operations The famous logistics company from Japan, Nippon Yusen Kaisha (NYK), has signed a deal with the Mitsubishi Logistics Corporation to form a joint holding company in an attempt to integrate the proper management of terminal operation businesses in the country. moreover, NYK is also waiting for the administrative approval to merge the operations of Nippon Container Terminals and Uni-X Corporation, which are two of the company’s four established businesses. If it gets approved, the merge will be definitely established by January 2019. As per the information supplied by a company notice, this business integration is to be carried out for not only increasing the long-term service stability but also for consolidating quality development. This, in turn, will definitely boost the port and harbor transportation planning. Reportedly, NYK is going to hold an interest of 51% in the above-mentioned holding company, which is probably going to be launched in November. The remaining two terminal operating companies owned by the NYK Group called the Asahi Unyu Kaisha and the Yusen Koun, will also be further integrated as a part of the plan. Read More Maersk Advises Brazilian Shippers to Stop Overbooking Slots Of recent, many exporters from Brazil are reserving more space than they actually require and that is creating a huge problem for others who need a slot, as well. Maersk has asked the Brazilian shippers to immediately stop the action of overbooking space as it is having adverse effects on the exports scenario. Since Brazil happens to be the largest country in South America, the consequences are becoming too difficult to handle. Antonio Dominquez, the Director for East Coast South America in the Maersk organization, has clearly stated that these exporters are wasting valuable space that they do not require, which has unfortunately increased the costs too. On investigating the matter, Maersk has also discovered that a large cotton crop is another contributing factor to this problem of shrinking space in ships. Plus, there was a trucker strike at the beginning of 2018 that has been proved to be harmful for the local supply chains. The total exports through Brazilian ships owned by the Maersk have declined by 6% in the second quarter. As a probable solution, Maersk advises the shippers to charge the slots when they are reserved, similar to the airline companies. Read More Chennai Port Creates a Record by Berthing a VLCC The Chennai Port has been steadily performing well over the years and currently, it is planning to berth a VLCC this year. Of course, this means that the port is prepared to raise the bar even higher in the maritime trade scenario of India. A VLCC (Very Large Crude Carrier) was successfully anchored on August 31 st and the Port Authority is doing its best to meet the requirements of the large-sized, high-maintenance vessel. In fact, the berthing of a huge ship like the m.t. New Diamond (1,60, 079 GRT) in an alongside berth within an enclosed harbor , is going to be a great achievement in the history of the country’s shipping. According to the latest information received, the VLCC is chartered by the Indian Oil Corporation Ltd. on account of the Chennai Petroleum Corporation Ltd. Read More ZIM Announces the New Rotation of the India-Med Express Line In a recent announcement, ZIM has highlighted the new rotation of its independent ZIM India-Med Express Line (IMX) that will allow a faster transit time. ZIM is also planning to introduce several alterations in the IMX service, which will eventually boost the services to its clients and cater to the market demands. Once these changes are implemented, the line will supervise the operations of 5 vessels and the round-trip time will be lessened to 35 days. The new rotation will start in Colombo Port (Sri Lanka), then comes the Sheva and Mundra ports, and lastly followed by some East Mediterranean ports. Plus, the transit time to the East Mediterranean ports will also be shortened. Read More RCL Has Decided to Divide its Singapore and Cambodia Services The Bangkok-based container line, Regional Container Lines (RCL), is dividing its weekly RSZ service between Singapore and Sihanoukville (Cambodia) and Songkhla (Thailand), into two different services. According to the new RSX service, the rotation will include Singapore- Sihanoukville and will avail the services of the Bani Bhum (993 teu ) vessel. On the other hand, the new RSE service will call Singapore-Songkhla and utilize the services provided by the Nanta Bhum (1,036 teu ) vessel. The reason for this split is the attempt to provide a higher capacity as per the demands made by the Main Line Operators (MLO) and the Carrier Owned Containers (COC). Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.