Blogs

Global Ship Lease Plans To Acquire Three Containerships For Maersk Charter The Global Ship Lease (GSL), the renowned containership owner from London, has expressed its future plans of taking the possession of three post-panamax vessels that are each of 7,849 teu and were constructed in 2004. The total expenditure for acquiring these three containerships have been estimated at $48.5m. According to the information put forward by VesselsValue, the seller has been finally identified to be the famous Zeaborn organization that has its roots in Germany. It has been revealed that Zeaborn has already listed two of its vessels in the above-mentioned transaction - ER Santa Barbara and ER Montecito. The Global Ship Lease is of the opinion that the first ship is likely to be completed and delivered before June and this is signal the start of a five-year charter agreement with none other than the global shipping giant - Maersk. The remaining two vessels will definitely be delivered by the third quarter along with signing up for a long-term charter agreement with Maersk, which signifies that each vessel will be tied up with Maersk for a period of three years. The GSL organization is pleased to have established such strong relations with the largest, container liner organization in the entire world, by initiating the successful expansion of its existing fleet. Yantian Express Has Initiated The Discharge Of Its Undamaged Cargo Not so long back, the Yantian Express had unfortunately been hit by fire and many containers among the shipment were destroyed. The fire had wreaked havoc on 3rd January when the vessel had been travelling from Colombo to Halifax. However, the containership has now decided to initiate the process of discharge of the cargo that luckily remained unharmed during the fire. The operation is taking place in the Port of Halifax in Nova Scotia and might take around 12 days to be fully completed. This tedious process is proving to be so time-consuming because an incredible number of 3,200 containers have to be shifted from the Yantian Express. AllCargo Logistics Ltd. Declared That Its Container Freight Station Has Observed The C-TPAT Certification In the recent news, Allcargo Logistics Ltd. has announced that its container freight station (CFS) at JNPT has been successful in observing the necessary requirements for maintaining its Customs-Trade-Partnership Against Terrorism (C-TPAT) certification. Allcargo has been able to carve out a strong niche in the maritime arena by being regarded as India’s largest integrated and end-to-end logistics service provider. By maintaining its reputation of being in sync with the significant certification, the Allcargo has been able to bring forth a marked improvement by steadily increasing its overall score to the high 90s. With respect to this brilliant achievement, the annual C-TPAT certification had been issued on May 16 will be valid till May 15 of the next year. This certificate is of great value since it covers the important issues of both the inbound/import and the outbound/export cargo handling at its container freight station. Hindustan Infralog Pvt. Ltd. Has Declared The Acquisition Of A 76% Stake In KRIBHCO Infrastructure Ltd The Hindustan Infralog Pvt. Ltd. (popularly known as HIPL) is a well-established joint project between DP World and the National Investment and Infrastructure Fund (NIIF). Recently, it has announced its connection with the KRIBHCO Infrastructure Ltd. (also referred to as KRIL) with no less than a 76 percent stake. KRIL is famous as an integrated, multimodal logistics operator in the country that includes a 90 percent-owned subsidiary by the name of Continental Warehousing Corporation (Nhava Seva) Ltd. it is being rightly predicted that the DP World will soon emerge as a major, rail terminal and container train operators across the entire nation, owing to its acquisition of KRIL along with its already strong presence in the National Capital Region (NCR). Hyundai Merchant Marine Has Introduced A Brand-New Corporate Identity To be honest, the Hyundai Merchant Marine needs no introduction as it is one of the renowned organizations in the maritime industry. Currently, the company has revamped its corporate identity and has added a new twist to it. According to the CEO of the organization, Jae-hoon Bae, this newly launched corporate identity will definitely go a long way in improving the brand equity and the overall value of HMM. Over the years, the HMM team has been powering through with a strong determination and unmatched dedication that will boost its performance and will help in achieving its ultimate goal of becoming a top-rated carrier across the globe! Last year, the organization had disclosed its impressive goal of expanding its existing fleet to one million teu by 2022. Sources: https://splash247.com/global-ship-lease-snaps-up-three-post-panamaxes-for-maersk-charters/ http://www.seatrade-maritime.com/news/americas/yantian-express-cargo-discharge-to-take-at-least-12-days.html http://www.maritimegateway.com/allcargos-jnpt-cfs-maintains-c-tpat-certification-comply-global-security-guidelines/ http://eximin.net/NewsDetails.aspx?name=41210 https://maritime-executive.com/article/hyundai-merchant-marine-launches-launch-new-corporate-identity