Blogs

Maersk Strikes Up A New Partnership With Indian Digital Trucking Startup For Marketplace Solutions The global shipping giant by the name of Maersk has signed up for a new partnership with the startup BlackBuck, which is gradually gaining importance as an Indian digital trucking organization that will provide with the contemporary marketplace solutions. BlackBuck specialises in building an effective platform to work as an online marketplace based on containerised trucking. As the two organizations embark on a joint venture, the combined efforts of Maersk and BlackBuck will focus on the various challenges faced by local trucking and address the multiple issues within the shipping industry, such as the real-time tracking and the demand-supply visibility. They share a common goal to improve the visibility factor for the customers by reshaping the concept of asset utilization. Being an expert at handling matters related to advanced technology and logistics, Maersk will improve the conditions of the clients who are unfortunately facing difficulties with miscommunication through fragmented vendors, backdated infrastructure and financial problems within the supply chain. This is when the BlackBuck startup will play an integral role in boosting the containerised trucking. Montreal Port To Oversee The Project Development Of A New Container Terminal As we are aware of, the well-established Montreal Port in Canada is not only the largest port in Eastern Canada but also has gained a huge amount of popularity by being the only container port in the entire Quebec region. The Montreal Port has recently signed a deal (that involves a Memorandum of Understanding to be precise) with the Canada Infrastructure Bank (CIB) to develop a project based on the construction of a new container terminal in Contrecoeur. This new terminal will ensure that the exporters and importers will supply the necessary products to the market on time and will ultimately succeed in giving a positive boost to economic stability and international trade in Canada. The Contrecoeur terminal will improve the overall infrastructure of the Montreal port and will enhance the flow of cargo from the various container vessels, which will also stimulate the future capacity in the long run. Back in the year of 2018, the port has delivered an incredible performance by handling a total volume of 1.7m teu. Since this port is of great importance to the whole nation, the completion of the new project will certainly accentuate the key factors for promoting international trade in Canada. Essar Ports Is All Set To Meet Its Target In FY 2020 The well-established port operator in India, Essar Ports had successfully registered a praiseworthy growth in cargo volumes by 17.4 percent across its four terminals by the end of the first quarter on June 30, 2019. Now, the shipping organization is aiming to achieve a milestone by handling no less than 60 million tonnes (MT) of shipment in the upcoming FY of 2020. The reason behind targeting this incredible growth rate next year, has to be the increased amount of third-party cargo along with the strategic utilization of higher capacity at the company’s commissioned terminals, which are conveniently located at Vizag and Salaya. This awe-inspiring growth trajectory has been possible due to the active participation from loyal customers and widespread implementation of third-party business by Essar Ports. Global Container Market Is Undergoing A Whirlpool Of Changes That Could Seriously Affect Its Future The global container market is currently caught in the middle of many burning issues, out of which the slow growth of the global economy along with the negative tension spread by the continuing US-China trade war have taken a rather prominent stance. The widespread unrest in the world of container shipping has not just increased the geo-political conflicts across the globe, but also succumbed to the ongoing pressure of the implementation of new emission regulations by 2020. The need for an eco-friendly, low-carbon driven future for the maritime industry has unfortunately led to the revamping of the consumption habits on a global scale, which includes the gradual regionalization of the supply chains, as well. GriegMaas Expanded Its Fleet With The Arrival Of A New Ultramax Vessel GriegMass has definitely carved out its niche in the shipping industry after being jointly formed by the active collaboration between Grieg Star (a Norwegian shipping organization) and Maas Capital (an investment management firm). In order to strengthen its presence in global trade, the company has recently added a new, 2012-built UltraMax vessel (by the name of Star Damon) from Celsius Shipping to its existing fleet. Earlier referred to as GH Frankel, this UltraMax ship provides its top-notch services under the G2 Ocean conventional bulk pool. Sources: https://splash247.com/maersk-forms-indian-digital-trucking-partnership/ https://www.seatrade-maritime.com/news/americas/canadas-montreal-port-to-develop-new-container-terminal/ http://www.maritimegateway.com/essar-ports-eyes-cargo-throughput-60-mn-tons-fy20/ http://www.eximin.net/NewsDetails.aspx?name=41897 https://www.marinelink.com/news/griegmaas-welcomes-star-damon-fleet-469882