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CMA CGM Refuses to Give Up Pursuing Acquisition Targets After losing its chances with Hapag-Lloyd from Germany, the France-based CMA CGM still refused to give up and is constantly on the lookout for potential targets for acquisition. CMA CGM, the fourth largest shipping line in the world, had looked forward to striking a deal with Hapag-Llyod in July but it had failed miserably. Instead of agreeing to the proposed takeover, Hapag-Llyod condemned it strongly with the statement that Hapag-Llyod would rather take over CMA CGM any day. Even though all hopes were crushed, CMA CGM brushed aside the failure with a positive attitude and is still on the prowl for new targets. Rodolphe Saade, the CEO of CMA CGM, has confirmed that the French containerline is nowhere close to giving up, instead has started anew with fresh enthusiasm. In an interview with the Reuters, Saade has stated that the shipping industry is consolidating in future and so, there are high chances that the CMA CGM group will stumble upon new and better opportunities for acquisition. As per the records shown by Alphaliner, the total capacity of the CMA CGM group is around 2.64m teu. Read More Digitization is Ready to Play an Integral Role in the Reefer Container Trade The container reefer trade is much influenced by factors like speed and efficient handling, for this reason, there is a need for digitization that will boost the trade. This idea was highlighted at the 4 th Cool Logistics Asia in Hong Kong, which was graced by the presence of top executives from the container trade industry. The participants at the renowned event talked about the implementation of new technologies that are proving to be a lot beneficial to the container sector. Everyone agreed that better returns are required to allow better investments in the long run. Gerry Yim, MD OF Hutchison Port Holdings Trust flagship terminal Hong Kong International Terminals (HIT), is of the opinion that the reefer is the most important area for the overall growth of the container sector. Yim also praised the optimum location and free port status of the Hong Kong port, which has achieved recognition as the global fruit express gateway to China. It is being predicted that China will gradually take over the US to become the best fresh fruit importer in the world. The digitization will be put to good use in the ordinary logistics needs of the normal containers. Also, Yim stressed on the fact that digitization will eventually enhance the reliability of the system, by increasing the information flow and integrating the supply chains. New techniques such as the remote reefer monitoring, track-and-trace solutions and electronic release orders (eRO) are useful in magnifying the visibility present in the supply chains. Read More V.O. Chidambaranar Port Trust Authorized New Equipment On 11 TH September, the V.O. Chidambaranar Port Trust commissioned a new trunk-mounted fogging machine and an ambient air quality monitoring station, which were inaugurated by Mr. Rinkesh Roy (IRTS, Chairman of the Port Trust) and Mr. N. Vaiyapuri (Deputy Chairman of the Port Trust). The truck-mounted fogging machine is specially designed to suppress the dust emitted from cargo discharge and during the loading/unloading of heavy trucks. Equipped with an incredible throw of 100 meters, the machine employs a fog of ultra-fine water droplets that minimizes the formation of dust. On the other hand, the ambient air quality monitoring station allows effective mitigation measures and constantly monitors the air quality. With the newly added advanced machinery and the two road sweeping machines bought earlier by the Port Trust, the V.O. Chidambaranar Port is trying its best to maintain a clean environment at the port. Read More Hapag-Llyod Names the LNG-Ready Mega-Ship as ‘Al Jmeliyah’ In the recent news, Hapag-Llyod has christened one of the 17 LNG-ready vessels in its fleet as ‘Al Jmeliyah ’, which was revealed at Europe’s biggest container port in Rotterdam. Al Jmeliyah has joined ten more similar vessels from the “Ultra Large Container Vessels” segment in the company’s fleet. After its unveiling at the Rotterdam Port, this mega-ship is a declared a part of the Far East 4 loop and will commence its journey to Hamburg, Antwerp, Southampton, Yantian, Shanghai, Busan, and Ningbo. Currently, Hapag-Llyod is supervising 19 services that are operating to and from Rotterdam regarding the connections in United States, South America, Far East, and Australia. In 2017 itself, the company had successfully handled around 424,000 containers at the Rotterdam Port. Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.