Blogs

ZIM Has Given A Thumbs Up To The Maersk-Led TradeLens The well-known carrier from Israel, ZIM has decided to sign up for TradeLens, which is a well-established documentation system that runs on the innovative, blockchain technology with a purpose to tackle the bureaucracy between port authorities, freight forwarders, carriers and customs officials. So far, ZIM is the only non-Maersk carrier that has given a green signal to adopting the TradeLens system after it has recently joined the Pacific International Lines (PIL). The ZIM organization believes in keeping up with the fast-paced developments in technology and in turn, implementing the new-age, digital solutions to emerge as a winner on the shipping front. The organization also believes in promoting the innovative, digital systems to revamp the conventional methods of shipping, thus leading the industry to imbibe an enhanced level of transparency and efficiency. The blockchain-enabled TradeLens is now in vogue in the maritime arena because of its quality of allowing the carriers to maintain their competitive advantages, without any changes. The steady increase of carriers opting for such digital-based solutions is going a long way in boosting the global trade. The Port Of Felixstowe Welcomes Its First Remote-Controlled Gantry Cranes The Port of Felixstowe has recently introduced the port’s first remote-controlled, rubber-tyred gantry cranes (RTGs) that will make it much more convenient to handle cargo in the coming days. Till now, there has been a delivery of four cranes with the possibility of four other units to follow soon enough, all of which are constructed by the Shanghai Zhenhua Heavy Industry Co. (ZPMC), a renowned crane manufacturer. These cranes are powered by electricity and have the ability to stack at least 6 containers, which will certainly improve the yard utilization and enhance the eco-efficiency of port operations. Plus, the Port of Felixstowe has arranged for a manual testing phase for two ship-to-shore cranes that will be transformed into a “full remote mode” in the near future. These remote-controlled, gantry cranes are well-equipped with the latest technology and will be of great relief to the crane drivers who undergo a huge amount of physical stress. It has been decided that the RTGs will be stationed at Berths 8 and 9, which have been expanded to accommodate around 18,000 teu of container storage. Kamarajar Port To Undergo A Strategic Disinvestment According to the latest development in the Indian shipping industry, the Department of Investment and Public Asset Management (DIPAM) has initiated the procedure of strategic disinvestment of the well-known Kamarajar Port. Belonging to the Union Finance Ministry, DIPAM is planning to get the help of a transaction advisor for the strategic disinvestment, along with the involvement of renowned, domestic law firms for added assistance. This also happens to be one of the biggest and most significant deals that have led to a strategic disinvestment of a shipping port. India Experiences A Huge Growth In The Sugar Trade Of recent, the country has seen an incredible surge in the sugar exports with an approximate of 17.44 lakh tons (as of now) for the ongoing marketing year, which will come to a close in September. The All India Sugar Trade Association (AISTA) has announced the statistics that the raw sugar had accounted for around 8 lakh tons and also that 4.3 lakh tons have been contributed to the export pipeline. The countries like Sri Lanka, Iran, Bangladesh, Somalia etc. have been declared as the important export destinations for sugar trade. India has managed to trade around 5 lakh tons of sugar during the previous marketing year, which was declared as non-competitive owing lower rates in the global markets. Vard Has Delivered Its Third Expedition Vessel For Ponant Vard has recently carried out the successful delivery of its third expedition vessel for Ponant, which is known as Le Bougainville and is 131 metres long with an accommodation facility for 184 passengers. Beautifully designed and constructed by the famous Vard, this luxury cruise has 92 state rooms and suites that include private balconies and terraces. Also, the passenger-centric vessel is strategically built using innovative technology and new-age design that is eco-friendly too. As per latest updates, Le Bougainville has commenced its first journey from Malaga in Spain. Sources: https://splash247.com/zim-signs-up-for-maersk-led-tradelens/ https://www.porttechnology.org/news/remote_control_cranes_to_boost_felixstowe http://www.maritimegateway.com/kamarajar-ports-strategic-disinvestment-process-commences/ http://www.eximin.net/NewsDetails.aspx?name=40903