Blogs

Last week in Ocean Shipping across the globe (22 - 28 July). Global Ship Lease Signs A New Charter Agreement With OOCL The world-famous shipping organization by the name of Global Ship Lease (GSL) has managed to secure a successful charter agreement with the with OOCL regarding the services of GSL Keta that was constructed in the year of 2003 and weighs around 2,207 teu. If we consider the current count of the existing fleet of GSL, there is a total of 41 container vessels that includes sizes from 2,207 teu to 11,040 teu. According to the agreement, the ship is chartered to OOCL for a minimum period of 50 days that can be extended to a maximum limit of 90 days at a pre-decided rate of 8,700 dollars daily. The CEO of the Global Ship Lease, Ian Webber is confident of the fact that this charter agreement with a top-notch shipping company will improve the ship sizing requirements that might generate a generous amount of extra benefits for the shareholders. SF Express Recently Announced Its Decision To Enter The Ocean Freight Market The China-based express delivery player that is popularly known as the SF Express has expressed their decision to enter the global ocean freight market and to introduce the container load services in the maritime industry. Till now, this logistics company has been up and running since its inception in 1993 and has highlighted its expertise in providing services revolving around information network, aviation network and ground network. SF Express will now start the container load services that will run between the Mainland China/Hong Kong/ Macau to USA and will carve out a special niche for the well-established company in the global shipping market. So, SF Express will now be able to offer a necessary provision of custom-made services to its customers and the stable freight capacity will enable an improved, up-to-date freight service to major ports in the US. SF Express is targeting on devising a long-term plan of development to enable the integrated logistics services on strengthening its presence in the express delivery market. Chennai Container Freight Station Is Working Towards Reducing The Prevalent Water Crisis In Chennai The burning issue of widespread global warming and how it is taking a toll on the climate can no longer be ignored, especially when cities like Chennai are facing an impending water crisis. Realising the need to save our environment before it gets too late to reverse the damage, the Allcargo Chennai Container Freight System (CFS) had decided to play an integral role in resolving the critical situation. The largest private sector logistics player in the country is extending its support to provide pure, unadulterated water supply to the local families in grief-stricken Chennai. Moreover, CFS is making an honest effort in preventing the rapid usage of groundwater water supply by introducing a realistic set of conservation practices and new-age solutions. Taking an avid interest in sustainable development by implementing useful techniques like rainwater harvesting could go a long way in replenishing the gradually depleting water resources in India and for this reason, the voluntary work done by the Chennai Container Freight Station is worthy of appreciation. JNPT And Mumbai Port Can Expect A Surge In The Traffic Handling Capacity Jawaharlal Nehru Port and Mumbai Port are both well-established organizations that have been worthy of praise for delivering a consistently good performance over the years. Mr Mansukh Mandaviya, the Minister of State for Shipping and Chemicals and Fertilisers, has recently highlighted the fact that the current traffic handling capacity of JNPT and Mumbai Port are 118.3 million tonnes and 78.4 million tonnes per annum, which is quite impressive but there is still scope for further improvement. Mr.Mandaviya believes that the ongoing projects at the two ports will certainly boost traffic handling capacity and upgrade the services provided by them Portugal Port To Witness An Expansion Of Terminal XXI Along With The Construction Of A New Terminal As per the recent announcement put forward by The Ports Of Sines And Algarve Authority (PSAA), the Portugal Government has finally sanctioned the construction of a new terminal called the Vasco De Gama terminal along with the expansion of Terminal XXI. This expansion was a much-needed piece of work that will enhance the current teu capacity of the terminal from 2.3 million to 4.1 million in the near future. On the other hand, Vasco De Gama terminal will possess an annual handling capacity of three million teu and will include three, well-equipped berth positions for anchoring some of the large-sized megaships across the globe. Sources: https://splash247.com/global-ship-lease-secures-new-charter-agreement-from-oocl/ http://www.seatrade-maritime.com/news/asia/chinese-delivery-player-sf-express-entering-into-global-ocean-freight-market.html http://www.maritimegateway.com/allcargo-chennai-cfs-devises-water-supply-conservation-solutions-mitigate-chennai-water-crisis/ http://www.eximin.net/NewsDetails.aspx?name=41691 https://www.porttechnology.org/news/portugal-approves-massive-port-expansion/