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Last week in Ocean Shipping across the globe (24 - 30 June). Maersk Sealed A Deal With Bollore Logistics To Reduce Emissions In The Long Run In the recent news, Maersk has made the headlines once again by giving a green signal to a joint collaboration with Bollore Logistics, in order to cut down on the harmful emissions in the shipping vessels that are used for commercial purposes. While Maersk truly needs no introduction and is famous across the globe for being the largest container shipping organization, Bollore Logistics has also been successful in establishing itself as a powerful logistics and supply chain management company. With respect to the mutual agreement, the two organizations will make a genuine effort in diminishing their CO2 emissions in ocean transport, by at least 20 percent per container transported by the year of 2025. Apart from the new venture, Bollore Logistics is also teaming up with Maersk by participating in the Ship Recycling Transparency Initiative (SRTI), to ameliorate the ship recycling conditions as prevalent in the maritime arena. Indeed, such a joint effort within the supply chain is much appreciated since it will definitely go a long way in improving the sustainability quotient in the transport and logistics industry. Of late, Maerk is really focussed on improving the existing situation within the supply chain and to usher in a new era of clean shipping that does not have a negative impact on the environment. Yang Ming Has Plans For Reorganising Its Asian Service Network The renowned Taiwan-based container carrier organization, Yang Ming Marine Transportation Corp has recently announced its future plans for reorganising the Asian Service Network amidst the growing tension in the global trade scenario. Due to the formation of a disruptive atmosphere in the trade arena throughout the world, the organization is now concentrating on the relocation and revamping of cargo flow and supply chains to meet the rising demands within the maritime industry. The new intra-Asia service known as the China-Thailand service (CTX service) will be open to the public in the month of July, with the date fixed for its first sailing being 12th July 2019. Deendayal Port Trust Bags A Prestigious Award For The Fourth Time The Deendayal Port Trust has achieved another milestone by receiving an award for its Outstanding Cargo Handling (115 MMT in 2018-19) for the fourth time (that is indeed commendable!) at the 9th Quality Mark Awards 2019, which was held in Ahmedabad. The award ceremony was graced by the presence of eminent people, a few names include Mr. Mansukh Mandaviya (the Minister of State in the Ministry of Shipping in India), Mr. Kirtibhai Solanki (MP) and Mr Kunverji Bavaliya (the State Minister). Mr. S.K.Mehta (the Port Chairman) and Mr. Venugopal (the Port Secretary) attended the ceremony and were presented the award by the Minister Of State (Independent Charge), Mr. Mansukh Mandaviya. Novatek Shipped Its First LNG Cargo To Japan After striking good deals with Vietnam and China and In an attempt to strengthen its presence in the shipping scenario in Asia, Novatek shipped its first LNG cargo all the way to Japan. The LNG cargo delivery to Japan was influenced by the long-term offtake agreement with Total and sources say that the cargo was unpacked at the Tobata LNG Terminal. According to the views put forward by the Chairman of the Management Board in Novatek, the organization considers Japan to be a significant market for LNG and is being prioritized owing to the organization’s new LNG marketing strategy. Moreover, Novatek is hopeful that the further development of a transshipment terminal in Kamchatka and the improvement of the logistical chain by the utilization the Northern Sea Route, will play an instrumental role in expanding the LNG supplies to Japan. Tsuneishi Shipbuilding Co.Received Its First Order For Bulk Carriers The well-known ship manufacturing and repair company in Japan, Tsuneishi Shipbuilding Co. has accepted its first order from a shipowner for a few 42,000-metric-ton log and bulk carriers under the banner of the Tsuneishi Economical Standard Ship (TESS) 42. The newly launched TESS42 bears many similarities to the design of TESS38 with a marked improvement in transportation efficiency and a boost in the deadweight capacity by 2,000 tons. In the current scenario of the maritime industry, there is a rising need for well-organised cargo transport owing to the economic growth in Asia. This has triggered the necessity of using large-sized bulk carriers to enhance the transportation capability. Sources: https://splash247.com/maersk-and-bollore-logistics-collaborate-to-cut-emissions/ http://www.seatrade-maritime.com/news/asia/yang-ming-adjusts-asia-service-amid-ongoing-trade-war.html http://www.maritimegateway.com/deendayal-port-trust-wins-coveted-award/ https://maritime-executive.com/article/novatek-expands-asian-ties https://www.marinelink.com/news/tsuneishi-wins-first-order-tess-467871