Blogs

PSA Singapore Has Opened a Joint Venture Terminal Company with ONE The PSA Singapore has successfully established a long-term partnership with the Japan-based ONE, which is an amalgamation of the top three container companies in the world. The new terminal company will be based at the Pasir Panjang Terminal. The combined venture terminal is all prepared to start its operations in early 2019, which will focus on the four, large-sized container berths and a joint annual handling capacity of 4m teu. Throwing some light on this matter, Jeremy Nixon (the CEO of the Singapore-based ONE venture) has commented that PSA is one of the renowned global players in the maritime industry and the ONE is glad to establish a solid, strategic relationship with it. There are immense benefits associated with this project that will enhance the cooperation between the two organizations. This joint venture will also allow the ONE to improve its operations related to vessel planning and to further strengthen its status in the global scene. Mr. Nixon is also confident that this action will help a great deal in boosting the service reliability and provide the clients with much better service levels in the long run. The Hamburg Port Authority Is Excited About the Elbe Widening Project in 2019 The Port of Hamburg is eagerly looking forward to the construction work for widening the River Elbe. The port will immensely benefit from the widening and deepening of the river’s 120km distance that is stretched between the estuary and the boundary of the port. Once the construction is completed, the Port authorities are hopeful that it will allow the smooth passage of large-sized vessels that have a length of 330m and width of 45m. The project will focus on working on the fairway between Wedel and Storbogen and widening it by at least 20m and giving rise to a zone that is 7km long and 385m wide. As a positive consequence, AGFs will be able to pass each other rather comfortably instead of following the earlier one-way traffic. In fact, the CEO of the Port of Hamburg has mentioned that their customers are totally looking forward to the outcome of the construction work. The sources said that the widening project of River Elbe is definitely going to improve the access to the port. Inauguration Ceremony of the First Mainline Vessel Calling at the Dakshin Bharat Gateway Container Terminal The inauguration call of the first mainline vessel at the Dakshin Bharat Gateway Container terminal was graced by the presence of Shri Nitin Gadkari (Honorable Union Minister for Road Transport & Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation), Shri Pon. Radhakrishnan (Honorable Union Minister of State for Finance and Shipping), Shri Edapaddi K.Palaniswami (Honorable Chief Minister of Tamil Nadu), and Mansukh Mandaviya (Minister of State for Road Transport and Highways, Shipping, Chemical and Fertilizers). As per the media release, Mr. Nitin Gadkari has highlighted the fact the groundbreaking incident is extremely significant in the South Indian container traffic. Also, the clients now can reduce their expenses by $50 per container on the Colombo handling charges. In fact, the V.O. Chidambaranar Port has evolved into a mainline vessel port after the recent visit from a mainline vessel. The government has shown a lot of confidence in the future of the port and its potential of transforming into a transshipment port in the long run. The Port Authority has tried its best to improve the infrastructure of the port and provided it with an approximately total investment of Rs. 1,500 crores. Trade Meet in Jaipur Hosted by APM Terminals Pipavav The APM Terminals Pipavav has successfully hosted a trade meet in Jaipur that included the trade members from well-known freight forwarders, CONCOR, shipping companies, CHAs, and private ICDs. The main purpose of organizing this trade meet was to assemble the key stakeholders on a single platform and to discuss and promote the business networking strategies. Mr. Mihir Mishra, the General Manager Commercial of APM Terminals Pipavav, has given an overview of the port connectivity and has encouraged a detailed discussion of the numerous services the port has to offer. Mr. Keld Pedersen, Managing Director of the APM Terminals Pipavav, has specifically reflected on the efficient infrastructure provided by the port. Diana Shipping Has Signed a Time Charter Contract with Swiss Marine Services S.A. Diana Shipping has signed a time-charter agreement with the Geneva-based Swiss Marine Services S.A. regarding m/v ‘Seattle’, a Capesize dry bulk vessel.  According to the reports, the time charter contract has been operated via a different, wholly-owned subsidiary. Built in 2011, the ‘Seattle’ is well-equipped with all the modern facilities and is perfectly capable of performing well as a dry bulk vessel. The current fleet of the Diana Shipping Inc. consists of 48 dry bulk vessels, which includes 20 Panamax vessels, 14 Capesize vessels, 5 Post-Panamax vessels, 5 Kamsarmax vessels, and lastly, 4 Newcastlemax vessels.it is expected that the charter will begin on 25 th December. Sources: https://splash247.com/one-takes-terminal-in-singapore/ http://www.seatrade-maritime.com/news/europe/hamburg-port-looks-forward-to-elbe-widening-in-new-year.html http://www.maritimegateway.com/inaugural-call-first-mainline-vessel-dakshin-bharat-gateway-container-terminal/ http://eximin.net/NewsDetails.aspx?name=40033 https://www.marinelink.com/news/diana-shipping-fixes-mv-seattle-461045