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Here is what happened in Ocean Shipping between 8 – 14th October 2018. Maersk Signs Deal with Loadsmart along with the Oaktree Capital Management Essentially a digital freight broker with headquarters based in New York, Loadsmart has successfully raised $21.6m for a funding carried out by Maersk Growth, Chromo Invest and last but not the least, Connor Capital SB. Loadsmart is famous for utilizing artificial intelligence to automate the truck booking flow in the United States, from where it belongs. Now, Maersk Growth has become one of the top investors and is overseeing the launches of new business ventures. Currently, the total investment in Loadsmart is calculated as $34.7m after the convertible notes and earlier seed investment. This investment will ensure that there is a marked improvement in product and engineering in the Loadsmart venture. Since Loadsmart is good at providing instant prices to shippers with guaranteed capacity on the United States lanes, it is a huge hit in the shipping industry. The automated platform is extremely convenient for a shipper to instantly book a truck in a matter of seconds. A customer can even choose to opt for a server-to-server booking procedure without any human interference, which is possible with the integration via an API. Loadsmart has also chosen to participate in a strategic collaboration with the Oaktree Capital Management. The Oaktree organization is positive that the implementation of advanced technology by Loadsmart will help accelerate the supply chain and the execution of transportation logistics. Read More Hapag-Llyod and Ocean Network Express Signed a Bilateral Feeder Agreement The Ocean Network Express (A Japan-based joint venture) has together concluded the Bilateral Strategic Feeder Network Cooperation Agreement along with Hapag-Llyod, which will enable them to initiate trades in the intra-Europe and intra-Asia regions. The new agreement will strengthen the previous bilateral partnership existing between the two organizations and will be able to provide the customers with premium feeder services. According to the terms set forward by the agreement, the organizations have already started the first intra-Asia trade operations by employing the Bohai Feeder (BHX) back in August. This will gradually expand to include further two intra-Asian services in the near future. On the intra-Europe front, a new feeder service called the North Sea Poland Express (NPX) is all set to commence its operations from mid-October, which will require the cooperation of six other services in the network. With such an enhanced feeder network portfolio, it will not be surprising to experience a striking improvement in the feeder services! Read More The Mundra Port Excels in Vessel Handling with the MV PRIGIPOS Adani’s Mundra Port has achieved much appreciation after its superb performance in vessel handling with the MV PRIGIPOS, after it had anchored at the port back on 28 th September. As per the information, the particular vessel hailed from the land of Morocco and had an arrival draught of 13.65m. The vessel was immediately berthed at the fifth berth of the Mundra Port without any reported delay. The ship discharged an approximate of 80,004 MT of imported DAP on behalf of the IFFCO and the Indian Potash Ltd. The discharging action proved to be quite strenuous but the authority at the Mundra Port was very efficient in carrying out the entire action. In fact, this was considered to be the largest non-urea fertilizer cargo that has ever been transferred for a single post discharge. The average discharge rate was 25, 018 MT per day and the operations were quickly completed by 1 st October. the Mundra Port has impressively handled such a huge amount of shipment and has caused no delay or disruptions while at it. Read More SAL Will Continue Being a Major Player in India SAL Heavy Lift GmbH is one of the most famous carriers that mainly focuses on sea transportation of project cargo and heavy lifts. Moreover, SAL has a fully functional fleet of heavy lift ships that are well-equipped to offer flexible, innovative solutions. In a recent interview, SAL has directly declared that it will keep contributing to the Indian trade with the various services under its supervision. Since India has served as a profitable market for around 30 years, SAL wishes to explore more possibilities, expand its business and reap the benefits. Read More The Gothenburg Port Starts the Construction of New Terminal After years of proper planning, finally, the construction of a new terminal has commenced at the Gothenburg Port that is supposed to be completed before 2025. This happens to be the biggest expansion project at the Gothenburg Port in a period of 40 years. The 220,000 square meter terminal will require an estimate of 350,000 cubic meters of dredge spoils that originated from the nearby Gota Alv River. Since the spoils are potentially dangerous to the marine environment, it is wise to recycle and use them for other purposes in the shipping industry. Plus, it helps in removing the impurities and cleaning the river. Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.