Blogs

What happened between February 12th & 18th? We take a look. Wan Hai Lines Goes Back to the Red Sea Again After a prolonged hiatus of nine years, the Wan Hai Lines (based in Taiwan) is all set to return to the Red Sea. The intra-Asia carrier had closed its operation on the Red Sea way back in 2009. However, the Company has recently decided to launch a direct service in April, called the AR1, between the Red Sea and East Asia. For this venture, Wai Hai Lines has joined hands in agreement with the prominent members of The Alliance – Yang Ming, ONE and Hapag-Lloyd, respectively. According to the proposed plan, the 7-week service will utilize an approximate of 4,800 teu vessels and Wan Hai will be in charge of one of the 7 weeks. J. K. Consultancy and Shriji Tranz Shipping LLP Sign a Joint Venture The two companies, J. K. Consultancy and Shriji Tranz Shipping LLP, decided to launch a new office in Baroda and together they organized an inauguration ceremony, quite recently. As per the sources, this collaborative business venture will be in charge of the end-to-end cost and time-effective logistics services related to the Customs clearance. The special brand will also be responsible for freight forwarding activities for sea imports, sea exports, air imports and air exports of their respective customers. Mr. Jignesh S.K. who has more than 30 years of experience in the shipping industry, is heading this new department along with the support of Mr. Kamlesh Darji, who is an experienced professional in the field of logistics. The new venture is currently into operation in the Mumbai, Bengaluru and Ahmedabad areas, with the addition of a few overseas branches in the US and Hong Kong, as well. Del Monte International Orders a Delivery of Two Boxships: The Monaco division of the world-famous fruit and vegetable producer Company, more popularly known as the Del Monte International, has ordered two small boxships at Guangzhou Wenchong (in China), with the help of brokers. The Company is based in California and has a great reputation to boast (with its annual sales leading up to $1.8bn), since the beginning of 1886. The Company’s fleet includes 8 charter vessels and 15 owned ones, till date. The two vessels are each of 600 teu size, are of the third tier and are loaded with scrubbers. According to reports, the boxships will definitely be delivered by 2019. HMM Plans to Expand Its Fleet by Ordering 20 Giant Vessels: From the information gathered from various sources in South Korea, it is safe to assume that the renowned Hyundai Merchant Marine (HMM) is all set to add 20 new boxships to its existing fleet. After the failure of the Hanjin Shipping Company, the Korean Government desires the continuation of a Korean-owned carrier on the global box trades and hence, has allotted sufficient funding for the hefty order of 12 vessels each of 22,000 teu size along with 8 vessels each of 13,000 teu size for HMM. The ships are supposed to be delivered in March. With the inclusion of the new boxships, the size of the present fleet will almost double itself to an incredible 700, 000 teu. HMM has been growing steadily in the past few years and it has big plans of increasing the vessel capacity by 2022, with a demand for dry bulk vessels and mega containerships. In 2017, the Company had added 2 boxships (11,000 teu size) and 5 VLCCs to its collection. Evergreen Marine Corp. Strikes an Agreement with Samsung Heavy Industries: As of recent, the Evergreen Marine Corp. (EMC) has planned on ordering 8 containerships (each of 11,000 teu size) after it has signed a deal with the Samsung Heavy Industries (SHI). Out of the eight new vessels, four vessels have been assigned to the Greencompass Marine S.A. (Evergreen’s subsidiary) and the remaining four is being owned by the Evergreen Marine (Hong Kong) Ltd. The estimated delivery period is extending from the early 2020 up to the second quarter of 2021, as per a press release. The Evergreen organization has undertaken this particular newbuilding program in order to live up to the market demands in future and to replenish its fleet. The newbuilding arrangement will subsequently enhance the navigation visibility and the cargo capacity, too. The new containerships will observe an eco-friendly criterion and the equipment shall comprise of numerous environmental protection devices. --- Want to know more news Around the World ? Stay tuned every Monday to ODeX and get the latest in shipping.