Blogs

Taiwan-Based Evergreen Signed Contracts For Six Boxships At Samsung The Evergreen organization hailing from Taiwan has carved out a special niche for itself in the world of shipping and it has recently placed the order for no less than six 23,764 TEU boxships. This development has occurred owing to the signed agreement with the South Korea-based Samsung Heavy Industries (SHI) and the total value has amounted to $920m. According to the current reports, each of the mega containerships will be 400m long, 33.2m high and 61.5m wide, and the deliveries will begin from May 2022. Evergreen has introduced a new building programme and is planning to sign contracts for ordering four more boxships at the famous Hudong Zhonghua Shipbuilding and Jiangnan Shipyard in China. China’s Busiest Port To Complete Work On New Container Terminal At Meishan The Ningbo-Zhoushan port in China is well-known for its busy business transaction and is now all prepared to complete the construction work on the 10m teu container terminal at Meishan in the year of 2020. The number 9 berth will have the advanced equipment that comes in handy while tackling the multiple aspects of maritime services and will help in regulating the traffic at the port. According to sources, the Meishan container terminal will consist of 10 different, container berths that include the maximum handling capacity of 10m teu. It has been decided that by the time that the first phase is finished, around five berths will be up and running and ready for handling the container trade. At present, China can flaunt not one but three 10m  teu-class container terminals and they are located in the regions of Qingdao, Yantian, Chuanshangang, and Qianwan. Nhava Sheva International Container Terminal Makes Plans Of Switching To A Revenue-Share Model From The Royalty Format Nhava Sheva International Container Terminal (NSICT) has taken the decision of changing its current mode to the revenue-share model from the royalty format, after receiving sufficient funding from an arbitration tribunal. The arbitration proceeding is valid for a period of 30 years and was initiated by the authority at the Nhava Sheva International Container Terminal, by drawing reference to the concession agreement by JNPT in 1997. NSICT is a port that falls under the supervision of the Central Government and has gained a lot of popularity over the years as the first private container terminal in the entire country. Not many are aware of the fact that the Nhava Sheva container terminal is under the control of the DP World (which is owned by the Dubai government) at the biggest container gateway in India - Jawaharlal Nehru Port Trust (JNPT). Global Container Terminals Has Now Joined The Famous TradeLens Blockchain Platform The Global Container Terminals (GCT) has recently joined the drive for ushering in digital-based services and new-age solutions to cater to the demands of the shipping-related businesses.   The TradeLens is a modern-day, blockchain platform that was created as a result of an active collaboration between two industrial giants, A.P. Moller - Maersk and IBM. By taking the help of such an advanced supply chain platform, GCT is now aiming to provide many improved services and is looking forward to establish a link with the different cargo owners, ocean carriers and railway operations. The blockchain technology will ensure that the shared platform offers end-to-end supply chain information along with flawless sharing of information. This, in turn, will make sure that the visibility factor is undoubtedly enhanced within the rather complicated ways of a maritime supply chain. Mediterranean Shipping Company Refused To Travel Across The Northern Sea Route Mediterranean Shipping Company (MSC) is globally famed as the second-biggest container shipping organization in the world and has wisely taken a bold decision that it would not travel across the Arctic and utilize the Northern Sea Route as a shortcut between Asia and Northern Europe. Instead, the top-notch organization has shifted its attention to developing better solutions to tackle the environment-related issues and to reform the services pertaining to the well-established, global trade routes. Sources: https://splash247.com/evergreen-confirms-order-for-six-23000-teu-boxships-at-samsung/ https://www.seatrade-maritime.com/news/asia/ningbo-zhoushan-to-complete-work-on-10m-teu-container-terminal-in-2020/ http://www.maritimegateway.com/first-private-container-terminal-nsict-wants-change-course/ https://www.porttechnology.org/news/gct-terminals-joins-tradelens/ https://www.marinelink.com/news/msc-rejects-northern-sea-route-471864