14 October 2019

Latest Updates - Maritime Shipping - 14 Oct 2019

Latest Updates - Maritime Shipping - 14 Oct 2019
H Schepers Has Recently Sold Off Its Last Boxship Vessel According to the information gathered by several shipbroking reports, the shipping company called H Schepers has reportedly sold off its last boxship vessel that weighed around 2,546 teu and was named as Maria-Katharina S. H Schepers has definitely carved out a special niche in the advanced sphere of German shipping and this has signaled a prominent change in the industry. This has undoubtedly led to the end of an era in the arena of well-established companies that own German boxships. The vessel had been constructed way back in 2010 and is now in the possession of UK interests with none other than Tufton Oceanic being considered as a potential buyer for a hefty price of $8.5m. At present, the vessel is chartered to the shipping giant Maersk and is modelled after the sturdy YZJ 2500 design. Manzanillo Terminal In Mexico Has Received The Delivery Of New Gantry Cranes The Contecon Tec II terminal in the Manzanillo region of Mexico has taken the delivery of two, well-designed gantry cranes along with five advanced RTGs for an incredible value of $22.5m. The addition of super-post-panamax gantry cranes that consists of a range of 23/24 rows are well-equipped with the latest technology to boost the overall operational capacity and the long-term performance of the terminal. The necessity of installing new and improved safety measures for a suitable environment for work has been encouraged by the delivery of the essential equipment. There are future plans of expanding the container yard to provide an increased level of flexibility and enhance growth in the cargo volume of what is considered to be the largest functional port in Manzanillo. Panama Canal Closes 2019 Fiscal Year With A Record Tonnage Achievement The world-famous Panama Canal has achieved yet another milestone by ending the 2019 fiscal year (FY19) with an outstanding performance that has registered a record tonnage of 469 million Panama Canal tons that indicates a commendable 6.2 percent rise as compared to the previous fiscal year in 2018. This groundbreaking performance definitely puts the limelight on the excellent workforce and work culture at the Panama Canal, which strives hard to provide top-notch services to its ever-increasing list of dedicated customers. Plus, the drive to renovate the existing infrastructure has enabled it to gear forward and establish a far improved operational efficiency for its clients. The Sagarmala Programme Targets At Increasing India’s Port Capacity By 2025 The Sagarmala Programme is aimed at improving the maritime operations in India and it has set forward a new goal to enhance the entire country’s port capacity by the year 2025. The project has fixed a target for achieving over 3,300 million tonnes per annum as the overall capacity based on the total performance by the active ports. According to the reports shared by a Ministry of Shipping communication, this focuses on completing around 2,219 mtpa at the major ports along with 1,132 mtpa at the non-major ports in the country. The programme is not just concerned with the capacity enhancement at the ports, but also wishes to improve the utility factor to meet the demands of the projected traffic. Maersk Tankers, Mitsui & Co. And Cargill Forms A Joint Collaboration To Reduce The Global Greenhouse Gases In Shipping When the major names in the world of shipping come together for fulfilling a common target, then it really is a big deal as it is for a global cause. This is what encouraged the Maersk Tankers, Cargill and Mitsui & Co. to collaborate and find an effective solution in decreasing the usage of global greenhouses gases in the maritime industry. This strategic cooperation will definitely prove beneficial in reducing maritime GHG emissions, testing new technical methods and exploring the possibilities of fuel-saving technologies. The introduction of advanced, energy-saving devices will certainly optimize the ship’s performance and will lead to the vessels becoming fuel-efficient and in accordance with the IMO standards for international shipping. Sources: https://splash247.com/h-schepers-reportedly-sells-last-boxship/ https://www.seatrade-maritime.com/news/americas/ictsis-manzanillo-terminal-receives-new-cranes/ https://www.marinelink.com/news/panama-canal-reports-record-fy-tonnage-471553 http://eximin.net/NewsDetails.aspx?name=42274 https://maritime-executive.com/article/cargill-maersk-tankers-and-mitsui-collaborate-on-ghg-reductions

Latest Blogs

From portals to payments - streamlining freight settlements in the U.S.
4 June 2025

From portals to payments - streamlining freight settlements in the U.S.

How truckers using Hapag-Lloyd in the U.S. are benefiting from the ODeX and PayPal integration
14 April 2025

How truckers using Hapag-Lloyd in the U.S. are benefiting from the ODeX and PayPal integration

India Prohibits Wheat Exports With Immediate Effect
17 May 2022

India Prohibits Wheat Exports With Immediate Effect