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Last week in Ocean Shipping across the globe (8 - 14 July). Major Shipping Companies And Leading Ports Have Formed The Global Shipping Business Network Of recent, the leading shipping companies and a few of the significant ports have signed up for a newly launched, CargoSmart-based association that focuses on devising and implementing advanced strategies for shared digital solutions within the maritime industry. The initial participants of the Global Shipping Business Network (GSBN) include the renowned organizations like Cosco, PSA International, Hapag-Lloyd, Hutchison Ports, Ports of Qingdao, CMA CGM, OOCL, and last but not least, the Shanghai International Port Group. It is important to mention that CargoSmart (as owned by Cosco) is playing an integral role in the association and is being regarded as the facilitator that aims to provide top-notch service and software solutions as required. With the joint collaboration of this new venture, the Global Shipping Business Network is all set to speed up the dawn of the digital era within the shipping industry by ushering in the utilization of innovative concepts. This platform will also help in welcoming a greater value for not only the supply chain but also the loyal customers involved in the procedure. The shipping companies should cooperate and develop better solutions to improve the existing scenario of the industry, by stressing on the necessity of trustworthy, data exchange platforms. Nantong In China Plans To Develop A New Port Area To Improve Its Container Handling Capacity The city of Nantong in China has announced its plans of constructing a new port area (known as Tongzhou Wan) in order to boost its current capacity of container cargo handling. Throwing light on this matter, Zhao Yufeng (the Nantong Municipal Deputy Secretary General) has recently informed the press that the municipal body has created a new management team for the construction work of Tongzhou Wan. Providing any necessary aid to the management team, the provincial authorities of Jiangsu is planning to appoint higher-level professionals to systematically carry out the correct coordination of the project. The construction work of this new area will require the dredging of three deepwater shipping channels, along with the revamping of three road highways, two rail links and three river-sea transportation channels. The port authorities have highlighted their initiative to transform Tongzhou Wan into a well-established, container shipping hub by the year of 2025. Maharashtra Maritime Policy Sanctions The Increment Of Concession Period Of Greenfield Ports After receiving the approval from the Maharashtra Cabinet, the Maharashtra Maritime Development Policy (of 2016) had decided to go ahead with the increment of the concession period for the multi-purpose jetties and greenfield ports from an existing span if 35 years to an incredible jump to 50 years. The report also stated that it is now expected that the greenfield ports and multi-purpose jetty developers will make a 100 percent capital investment and will be able to skilfully handle no less than 50 percent of cargo in the first 35 years. As per the latest changes in the policy, the span of the concession agreement for the jetties owned by the Maharashtra Maritime Board has now been extended to 30 years, in fact, doubled from its previous period. Laying emphasis on this extension, the jetty developers will now have to take care of 50 percent cargo volume in the first 15 years and also be able to handle the necessary RoRo and passenger services. Sabari Container Terminals Completed 17 Years Of Services In July Established way back in 2002, the Sabari Container Terminals has recently completed 17 years of operations in the shipping industry. The company made it a point to celebrate the grand occasion at a thanksgiving event on June 28th with the cooperation of its stakeholders and well-wishers. The Sabari Container Terminals takes pride in owning the largest complement of IICL-certified surveyors and is also involved in boosting the skill development in the area of container survey and certification. India Plans To Develop 111 Inland Waterways To Boost The Connectivity The Government of India has sanctioned the future development of 111 waterways are being developed in phases as the National Waterways (NWs) are being enhanced for improving the overall situation of shipping and navigation in India. The Government is focusing on the necessity of enhancing the use of cargo shipment with respect to the Inland Waterways and Coastal Shipping. The new and advanced services include the navigation aids, the water depth, the terminals and so on. Sources: https://splash247.com/cma-cgm-cosco-hapag-lloyd-and-leading-ports-set-out-to-create-the-internet-of-logistics/ http://www.seatrade-maritime.com/news/asia/nantong-to-build-new-port-area-for-container-handling-expansion.html http://www.maritimegateway.com/maharashtra-maritime-policy-changed-increase-concession-period-greenfield-ports/ http://www.eximin.net/NewsDetails.aspx?name=41562 https://www.marinelink.com/news/india-develops-inland-waterways-468348