Blogs

Hapag-Llyod Revealed a New Mid-Term Strategy The Germany-based container shipping company, Hapag-Llyod, has unveiled a mid-term strategy known as the Strategy 2023, which will focus simultaneously on the big cost cuts related to their customer service. This new strategy is launched at a favourable time when the era of consolidation is almost over and also, Hapag-Llyod is now concentrating on maintaining the liner shipping that is at a crucial point. Rolf Habben Jansen, the CEO of Hapag-Llyod, has stressed the fact that customer orientation is the main priority these days, instead of the vessel size. Since the clients are always demanding supply chains that are undoubtedly trustworthy, the shipping industry needs to improve its services. And, this development can only be possible with the right investments as the clients are ready to pay for the value. Keeping that in mind, the Strategy 2023 is all about delivering value to acquire the most attractive shipment and to eventually bring it on board. Hapag-Llyod is aiming to become the number one in quality and to be able to fulfil every need of the customers. For this, the strategy will be based on important key cost initiatives that highlight the improvement of terminal partnering, procurement, container steering, network optimization, etc. The addition of an optimized revenue management makes sure that the best cargo gets loaded into the vessels. Read More Cosco Shipping Ports Has Planned to Add Two Extra Berths to Its Joint Venture Terminal Along with PSA Corp, the Cosco Shipping Ports (CSP) has planned to include two new berths to its joint venture terminal in Singapore. This terminal is considered to be a major hub port for transshipment purposes in the South-East Asia region. Therefore, this expansion will positively boost the volume acquired from the new global trade momentum. On 21 st November, the two companies came together to sign an agreement or a Memorandum of Understanding (MoU) for two extra berths at the renowned Cosco-PSA terminal. As per the new developments, the two berths will increase the capacity of the terminal from 3m teu a year to 5m teu a year. In the near future, all of the five berths will be efficient in handling mega-containerships at the Singapore terminal. PSA has also informed the media that automated technologies will be included in the berths at the Pasir Panjang Terminal. The Vice Chairman and Managing Director of CSP, Zhang Wei, has commented that the increased capacity at the terminal will help secure more volume from the shipping alliances, as well as the parent company, and will be able to offer better services. The Regional CEO of PSA Terminal in South-East Asia, Ong Kim Pong, has stated on behalf of PSA that the bonding of trust between PSA and CSP is worthy of appreciation and how PSA will give its best effort in supervising and maintaining this major terminal. Read More Prime Minister Narendra Modi Inaugurated the Varanasi Ring Road Phase One Mr Narendra Modi, the Prime Minister of India, inaugurated the Varanasi Ring Road Phase 1 and laid the foundation stone for several other projects under construction in Varanasi. He also visited the construction site for the developmental work for four-laning of the Babatpur-Varanasi section of NH-56. Other dignitaries like Mr Yogi Adityanath (Chief Minister of Uttar Pradesh) and Mr Nitin Gadkari (Union Shipping and Road Transport) were also present at the inauguration ceremony. The Prime Minister highlighted the fact that the whole nation will now marvel at the power of next-gen infrastructure in transforming the transport factor in the shipping industry. Read More Cochin Port Introduces New Operations with DMICDC Logistics Data Services DMICDC Logistics Data Services (DLDS) has decided to extend its operations in the South-Eastern parts of India and the Cochin Port has readily opted for the digital container tracking solution. This action will boost the streamlining of the container logistics operations at the Cochin Port, which is famous as one of the largest and busiest ports on the Arabian Sea. Starting from November 1 st , the single-window tracking solution called the Logistics Data Bank (LDB) that has greatly contributed to the Indian container logistics, has expanded its services to at the ports of Krishnapatnam, Visakhapatnam and Chennai. After the recent addition of Cochin Port to the growing list, the ICT-based services of LDB is being implemented across 15 port terminals, involving 7 ports in the country. Undoubtedly, the launch of LDB operations will enhance the transparency and visibility in the port’s services. Eventually, the export and import of cargo will experience a steady growth and the stakeholders will draw countless benefits in the supply chain logistics. Read More Philippines President Inaugurated the Cavite Gateway Terminal in the Tanza Region The President of the Philippines, Rodrigo Duterte, has inaugurated the country’s first container barge port called the Cavite Gateway Terminal (CGT), which is located in the Tanza region of Cavite. The ceremony took place on 22 nd November where the facility was hereon made available to the public. The US $26.7 million terminal was constructed as a joint project by the International Container Terminal Services, Inc. (ICTSI) and the Department of Transportation (DOTr). The two partners are wholly concerned with the elimination of the bad congestion problem in the port and the roads, almost all year long. The Cavite Gateway Terminal will definitely decongest the area around the terminal and will also enable the smooth transport of cargo in the supply chain. Read More Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.