Blogs

Dry Bulks Rates Are Experiencing The Highest Growth Rate In Six Years The steady rise of dry bulk rates has been hitting regular high numbers, which has not been witnessed in the past six years. Following this unexpected spike in the long-term rates, the expert analysts of the maritime industry is now predicting that this great surge might result in achieving the highest point of the last ten years in the final quarter itself. If we put focus on the buying and selling of container vessels, the major shipping companies like Braemar ACM Shipbroking has not only accelerated the purchase activity in the panamax segment but also has improved the spurring sales numbers in the charter markets. In the opinion of Braemar ACM Shipbroking, the profitable pricing on a short-term basis for container vessels can trigger the free delivery services when it comes to charter. Honduras Terminal Has Improved Its Infrastructure And Upgraded The Quality Of Port Services Honduras Terminal is currently being supervised under the ICTSI organization that has given a green signal to the upgrading of the terminal’s facilities and services. CTSI has finally wrapped up the $145m Pier 6 Greenfield development for OPC that is based on the inception phase of the construction work in Puerto Cortes. CTSI has also invested in two super post-panamax cranes that run on advanced technology and makes for the smooth docking of large vessels. OPC is well-known for its top-notch customer service and has gained a huge amount of popularity for its constant service for 24 hours, sans the extra pricing for overtime. India Becomes the First Country To Implement The Biometric Data-Based Technology For Seafarer Identity India has been recognized as a pioneer in utilizing the biometric data-based technology in registering the seafarer identity and this bold step in the field of technology is inspiring the whole world. The innovative system of Biometric Seafarer Identity Document (BSID) has proved to be handy incorrectly identifying the facial biometric data of marine professionals across the globe and includes many new-age security features. This praiseworthy development of the facial biometric system has improved the previous iris-based or two-finger biometric information. The insertion of a useful biometric chip inside the BSID card will make sure that the significant data is protected on many levels without any breach of privacy. Kalmar Has Agreed To Supply DP World With 15 Gantry Cranes For Nhava Sheva International Container Terminal Kalmar falls under the supervision of Cargotec and it has recently signed an agreement to deliver no less than 15 rubber-tyred gantry cranes (RTGs) for the Nhava Sheva International Container Terminal (NSICT) that is located in Mumbai. This international container terminal is famous for being the country’s first public-private-partnership project that belongs to the Jawaharlal Nehru Port Trust (JNPT) that is remarkably in charge for 40% of the overall maritime trade in India. These rubber-tyred gantry cranes are much improved versions of the high-tech cranes that are fitted with a Variable Speed Generator (VSG) to boost not only an increased level of fuel economy but also lower the intensity of emissions. Navios Maritime Holdings Has Finally Sold Off Its Ship Management Segment To NSAC Navios Maritime Holdings has carved out a niche across the globe for being a well-established holding company that is in total charge of an impressive count of dry bulk vessels and several investments. Of recent, the seaborne shipping and logistics company from Greece has taken a bold decision of selling off its ship management division to N Ship Management Acquisition Corp., which is more popularly known as NSAC. According to the terms of this significant pact, the NSAC will now be the owner of all necessary entities that offer a plethora of services related to ship management and will even preside over the employment of associated workers. Sources: https://splash247.com/weekly-broker-dry-bulk-sales-fail-to-keep-pace-with-the-bdi/ https://www.seatrade-maritime.com/news/americas/ictsis-honduras-terminal-upgrades-its-facilities/ http://www.maritimegateway.com/india-launches-worlds-first-ever-facial-biometric-data-based-seafarer-identity-document/ https://www.porttechnology.org/news/kalmar-to-deliver-india-innovative-tech/ https://www.marinelink.com/news/navios-sells-ship-management-division-470151