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The Digital Container Shipping Association Has Welcomed Five New Members To Its Organization The Digital Container Shipping Association (DCSA) is happy to welcome five, world-famous carriers (Hyundai Merchant Marine, ZIM, CMA CGM, Yang Ming and Evergreen) as new members for its organization. These carriers have followed suit after the good example set forward by other renowned, shipping companies like Maersk, MSC, ONE and Hapag Lloyd. The organization was introduced in Amsterdam in April after it had received a thumbs-up sign from the US Federal Maritime Commission. Since the DCSA organization can boast of having no less than nine, major container lines as an integral part, it is now focusing on boosting the intensity of digital standardisation within the container shipping industry. Throwing light on this matter, the CEO of the organization Thomas Bagge believes in maintaining the high standard of services with the cooperation and encouragement from the additional members. The fact that CMA CGM has joined the association as a founding member, has proved to be extremely beneficial as a driving factor for the increased participation from other companies. The members of DCSA should aim at providing the managers and planners of the end-to-end supply chains with considerable benefits, in order to maintain the high level of commitment by the organization. PSA Singapore And Ocean Network Express Jointly Inaugurated Their Joint Venture Terminal In Singapore In the recent news, PSA Singapore and Ocean Network Express (ONE) has collaborated to launch their new joint venture terminal (known as the Magenta Singapore Terminal) in Lion City. This terminal facility includes 4 berths and an impressive, annual capacity of 4m teu and was announced way back in December of 2018. The inauguration was reflective of the ONE’s signature branding and was the reason behind naming the terminal as Magenta Singapore Terminal, which also featured the 14,000 teu containership ONE Stork. This wonderful initiative undertaken by the PSA organization will go a long way in establishing Singapore as the most successful, transshipment hub in South Asia. APM Terminals Pipavav Acquired Net Profit Of INR 506 Million In Its Latest Financial Performance The Gujarat Port Ltd. (more commonly known as the APM Terminals Pipavav) is one of the well-established ports in India, which is known for its outstanding performances from time to time. Recently, the terminal has announced the final result of its financial performance for the full year that ended on March 31, 2019. As a positive outcome, the company has been successful in achieving a net profit of INR 506 million for Q4FY19, when compared to its previous achievement of INR 486 million in Q4FY18. On the other hand, a total outcome of 219k teus has been recorded for the container cargo business along with 524 MMT and 234 MMT for the bulk business and the liquid business carried out by the terminal, respectively. Plus, the APM Terminals Pipavav has witnessed a 29% growth in container volumes and a 10% growth of bulk volumes due to the addition of newly introduced services and the high fertilizer volumes in FY 2018-19. India’s First Export Cargo To Afghanistan Has Reached Iran’s Chabahar Port As per the latest development, the first export shipment from India to Afghanistan has finally reached the Chabahar Port in Iran while on its journey to the final destination. This action has been taken as an initiative to establish a trustworthy, transport corridor among the countries of India, Iran and Afghanistan, which will ensure the smooth transfer of goods and services. The Deputy Chairman of the Afghanistan Chamber of Commerce and Industries, Mr Khan Jan Alokozay, has shared the information that an approximate of 500 tons of rice from India has recently arrived at the Chabahar Port. Afghanistan is also looking forward to send its second shipment to India via the Chabahar Port and hence, play a significant role in enhancing the regional connectivity. The Zeaborn Group Has Purchased CPO Tankers From The Offen Organization The Zeaborn Group has proved its worth by acquiring Claus-Peter Offen Tankschiff Reederei (CPO Tankers) after being motivated by the advice from the international law firm called Watson Farley & Williams. Not many are aware of the fact that the Offen Group (that belongs under the banner of Claus-Peter Offen) has carved out a special niche as one of the most prominent suppliers of charter-container tonnage across the globe. On the other hand, the Zeaborn shipping company has excelled in providing top-notch services within the value chain, which specialises in the financial, technical and commercial management. The breakbulk, global shipping company from Bremen, Zeaborn has purchased the CPO tankers that excel in the management of oil and product tankers. Sources: https://splash247.com/digital-container-shipping-association-welcomes-five-more-carriers/ http://www.seatrade-maritime.com/news/asia/psa-and-one-inaugurate-magenta-singapore-terminal.html http://www.maritimegateway.com/apm-terminals-pipavav-gujarat-pipavav-port-ltd-financial-performance-quarter-year-ended-march-31-2019/ http://eximin.net/NewsDetails.aspx?name=41114 https://www.marinelink.com/news/zeaborn-acquires-cpo-tankers-466285