24 June 2019

Latest Updates On Ocean Shipping - 24 June 2019

Latest Updates On Ocean Shipping - 24 June 2019
The Renowned H&M Group Is The First Company To Sign Up For Maersk’s Carbon-Neutral Transportation The clothing company called H&M has received a lot of appreciation after it signed up for trying out the new carbon-neutral product using biofuel as a key ingredient. Echoing the growing necessity for adapting to the newest trends in the shipping industry, the clothing giant has opted for the newly launched product that is only being offered to a few clients by Maersk. Since the maritime arena is now focused on shifting focus to the modern concept of carbon-neutral transportation, the major shipping organizations are now attempting to incorporate the utilization of second-generation biofuels (as an improved, sustainable option) into their day-to-day services. As has been declared by the International Sustainability & Carbon Certification (ISCC) organization, the biofuel is one of the best sustainable fuels that you can settle for. Maersk has definitely proven its worth by introducing a new-age, decarbonised solution for transport services that will go a long way in diminishing the harmful CO2 emissions. Throwing light on this recent achievement, Maersk is pretty hopeful of boosting the sustainability option in the supply chain, which will certainly be a boon to its numerous customers. China Harbour Engineering Company Has Decided To Invest In Laem Chabang Port The China Harbour Engineering Company has released its plans of making a good investment in promoting the Laem Chabang Port Phase 3 project in Thailand. This announcement has been confirmed by the China Communications Construction Company (CCCC) that the investment is actually targeted for the Terminal F project. According to the sources, the China Harbour Engineering Company (CHEC) has estimated the investment to be an approximate of $1bn, which is meant for the overall development of this specific project. There is no denying the fact that this support will work amazing in improving the management and operational efficiency of the Phase 3 section of the Laem Chabang Port. During the January month of 2019, the Terminal D Phase 1 Project (under the Hutchison Ports Thailand) at the Laem Chabang Port was constructed by the CHEC organization with much attention to detail. The experts believe that this investment will suffice in meeting the growing demands of the Laem Chabang Port, as well. The Ministry Of Shipping In India Is Laying Stress On Exploring The Potential Of Coastal Shipping The Ministry of Shipping in India has realised the importance of coastal shipping and is now focused on exploring the new possibilities in this field. The Government is making an honest effort to boost the current situation of inland water connectivity and also try to enhance the seafarer count in the maritime industry. Mr. Mansukh Mandaviya, the Minister of State for Shipping (Independent Charge), has shared his opinion that our country has not yet been able to make use of the strong potential that the coastal shipping has to offer. If we could employ a set of well-planned strategies and the right techniques, then coastal shipping can prove to be very beneficial in cutting down the costs and promoting an eco-friendly medium, which will serve as a better alternative to railways and roads. Sevenseas Global Express Has Shifted To Its New Office Space In Mumbai The Sevenseas Global Express Logistics Pvt. Ltd. has earned a good amount of popularity as being one of the well-established logistics service providers in the shipping industry. Since its inception in Bangalore in the year of 2001, the company has consistently performed well and is now regarded as a leading freight forwarder in India with over 20 offices to its name. After receiving an international reputation (positive, of course), the Sevenseas Global Express is much appreciated for its brilliant services in Inland Transportation, Air and Ocean Forwarding, Warehousing and Distribution, Marine Logistics and lots more. Owing to its growing demand in Maharashtra, the company decided to launch a new office space in Mumbai to cater to the needs of its ever-growing clientele. The Panama Canal Has Announced A New Proposal To Revise Its Toll Structure Of recent, the Panama Canal has released a new proposal to revise the current toll structure that will include a 30-day formal consultation period for industry feedback. The proposal targets a transparency boost to the existing toll structure of the passenger segment and also, makes it more convenient for the cruise lines to transfer the necessary transit costs to the clients. The authority is also aiming at a modification that will provide an incentive for a steady increase of the cargo volumes through the canal. Sources: https://splash247.com/clothing-giant-hm-first-to-try-on-maersks-landmark-carbon-neutral-transport-offering/ http://www.seatrade-maritime.com/news/asia/china-harbour-engineering-company-investing-in-leam-chabang-port-phase-3.html http://www.maritimegateway.com/shipping-ministry-lay-emphasis-tapping-potential-coastal-shipping/ http://www.eximin.net/NewsDetails.aspx?name=41403 https://maritime-executive.com/article/panama-canal-proposes-new-toll-structure

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