Blogs

China Navigation Company (CNCo) Returns to Its Birthplace - Shanghai Earlier in the second week of November, the China Navigation Company (CNCo) has finally decided to establish its headquarters in Shanghai, its birthplace, after an unbelievably long period of 147 years. As we are aware of, CNCo is a global player and is universally considered to be the oldest part of the Swire organization. Way back in 1872, CNCo had started its journey on the Yangtze river by supervising the operations of a fleet consisting of Mississippi-style paddle steamers. CNCo is constantly trying to expand its services, which currently includes countries like China, US, India, Australia, New Zealand, Fiji etc. with its original headquarters located in Singapore, CNCo is responsible for managing more than 130 vessels that are divided into three core divisions – Swire Bulk, Swire Shipping and Swire Bulk Logistics. James Woodrow, the Managing Director of CNCo, stated that the company finally returned to its roots due to the growing importance of China in the shipping markets across the world. Randy Selvaratnam, the Country Manager of CNCo in China, believes that the company can now boast of a stronger potential to develop many innovative shipping solutions to meet the demands of the clients. The company is gradually expanding its offices in various regions of China, like Shanghai, Beijing, Qingdao, Guangzhou etc. Read More Ocean Alliance and Yang Ming Has Joined Hands to Promote a New Blockchain Platform Yang Ming and the four-member company, Ocean Alliance, has jointly launched a global blockchain platform called the Global Shipping Business Network (GSBN). All the four members of the Ocean Alliance, namely the Cosco Shipping Lines, Orient Overseas Container Line (OOCL), CMA CGM and Evergreen Marine, have agreed to sign the declaration with CargoSmart to promote the blockchain-based open network, along with Yang Ming, of course. The project also received the active cooperation from major terminal operators like the PSA International, DP World, Shanghai International Port Group, Hutchison Ports, etc. The new blockchain software (as created by CargoSmart) will be utilized in linking all stakeholders that includes custom authorities, ocean carriers, logistics providers, terminal operators, shippers etc. The GSBN will serve as a medium for the digital transformation and collaborative innovation in the supply chain of the marine industry. This new platform will be designed to offer a new series of applications to reform the document procedures related to shipping management, hazardous cargo, cargo release etc. Read More Hindustan Infralog Private Limited Will Be in Charge of the Free Trade Warehousing Zone at JNPT Coming to the national front, a joint venture signed between the National Investment and Infrastructure Fund (NIIF) and the DP World has won the bid to operate the Free Trade Warehousing Zone (FTWZ) at the Jawaharlal Nehru Port Trust (JNPT), which is well-known as the largest container gateway in the country. The project is named as the Hindustan Infralog Private Limited (HIPL) with an approximate of 65% contribution from DP World and 35% from HIPL. In the near future, HIPL will make use of a USD 3 billion investment to improve the current scenario of the ports and logistics sectors in India. Moreover, the strategic location of the FTWZ will ensure the swift development of trade-zones boost the country’s export-import trade. The two companies can now look forward to maintaining a one-stop solution at JNPT and provide their customers with improved services. Read More The Cargo Volume is Steadily Increasing at the Visakhapatnam Port Conveniently located on the center of the east coast, the Visakhapatnam Port is employing a number of measures to remove the restriction of bottlenecks and allow a much faster rate of cargo evacuation. Since a long time, the Visakhapatnam Port Trust (VPT) is focused on enhancing the cargo volume at the port and so far, has been greatly successful with the actions. The R&D yard is now under construction for an upgraded version and a grade separator has been placed to reduce the congestion due to traffic from the National Highway to Convent Junction. The port has also finished PPP projects that were funded with a reasonable amount of Rs. 24 crore. Read More Matson Confirms the Installation of Scrubbers on Majority of its Container Ships The renowned American shipping company, Matson, has planned to install scrubbers on the majority of its container vessels operating on the China-Long Beach Express service (CLX). The CLX rotation involves several ports like the ones situated in Long Beach, Xiamen, Honolulu, Guam, Shanghai, Ningbo, etc. and prefers the usage of Jones Act-qualified vessels that is well-suited for full container loads. There are five U.S.-built and crewed, sub-Panamax ships working under the control of CLX, which go by the names of the Maunalei, Manukai, Manulani, R.J Pfeiffer and Maunawili. Matson has decided to introduce scrubbers in at least two or three scrubbers on these above-mentioned vessels. Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.