India Box Trade Grew 6% in Q4 2018: Maersk
India’s containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maersk, the world’s largest container shipping company.Increasing demand for refrigerated cargo from India coupled with improved trade relations with China with introduction of favourable trade policies, has driven exports to grow a healthy 3% in Q4.The demand for India-made goods such as vehicles, cereals and rice…
Indian Container Trade Grows 6%: Maersk
India’s containerised trade grew 6 per cent during the last quarter of 2018, with the western region outperforming the other three regions in Q4 trade.A report released by the world’s largest container shipping company Maersk has attributed the growth in trade to increased demand for refrigerated cargo from India coupled with improved trade relations with China. The demand for India-made goods such as vehicles, cereals and rice; supplemented by refrigerated cargo such as fish…
APM Terminals Pushes Solar Energy in India
South Asia's APM Terminals Inland Services, operator of port and integrated inland service networks, is helping set up solar power plants in deep pockets of India.The global terminal network company is providing tailor-made logistics solutions to help overcome transport, technical and procedural challenges.The company is now offering a new end-to-end solution for major solar projects, which includes receiving cargo at the sea-port, facilitating customs inspection and clearance…
744 Ships Scrapped in 2018
744 large ocean-going commercial vessels were sold to the scrap yards in 2018, out of which 518 were broken down on South Asia beaches, accounting for a record-breaking 90.4% of the gross tonnage dismantled globally.According to new data released by the NGO Shipbreaking Platform, at least 34 workers lost their lives when breaking apart the global fleet. The Platform documented at least 14 workers that died in Alang, making 2018 one of one of the worse years for Indian yards in…
Kavan Ratnayaka Appointed as Chairman of Sri Lanka Ports Authority
Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Ratnayaka assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA) last week.Before his appointment as the Chairman of SLPA, Kavan Ratnayaka served the Chairman of the Sri Lanka Tourism Development Authority (SLTDA). He is also a former Chairman of Associated Newspapers of Ceylon (Lake House).An old boy of Royal College, Kavan Ratnayaka holds a Bachelor of Science degree in (Physics) of the University of California.
BV Appoints Barrow as Vice President
Bureau Veritas has announced that it has appointed David Barrow as Vice-President for its Marine & Offshore South Asia Zone. He succeeds Kerem Kiper, who has already taken up the post of Vice-President, Middle-East, Africa and India.Based in Singapore, Barrow is responsible for leading the development and delivery of new activities and services for Marine & Offshore for the region. Alongside this, Barrow will be at the helm of a number of key accounts and will ensure compliance with both Group and Marine & Offshore Division standards.With over 35 years of experience in the maritime industry…
APM Terminals Inland Services Gets Clearance in India
APM Terminals Inland Services' integrated Inland Container Depot (ICD) and supply chain solutions facility at Chakan, Pune has achieved a significant first after being awarded an environmental clearance certificate by the Indian government.The certification authorises the facility to store, handle, transport, and deliver hazardous chemicals in any form – a critical requirement for all industries dealing with chemicals in domestic and international trade and a key safeguard for…
EU Updates List of Ship Recycling Facilities
European Commission adopted a new Decision amending Implementing Decision (EU) to update the European List of ship recycling facilities. The said decision has been published on Monday in the Official Journal of the EU.With the 4th version of the list, the European Commission and the Member States add 6 new facilities to the list. These include, for the first time, 3 facilities which are located outside the EU -2 in Turkey and 1 in the United States-. The European Shipowners are fully supporting the expansion of the EU list, and in particular the inclusion of compliant facilities worldwide.
Mein Schiff 3 Made Maiden Call at Sri Lankan Port
The super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the Port of Colombo on 26th November 2018. The vessel was welcomed at the East Container Terminal (ECT) of Sri Lank Ports Authority (SLPA).Chairman of Sri Lanka Ports Authority (SLPA) – Dr.Parakrama Dissanayake said that the Port of Colombo was honored by the presence of Mein Shiff 3 in Colombo. “The Port of Colombo has become an extremely busy port and this year the port also became the fastest growing port in the world in terms of handling containers.
Afghan Launches India-Iran Shipping
Afghan Ministry of Transportation will soon launch a commercial shipping line with the assistance of the Islamic Republic of Iran to conduct business activities between Chabahar Free Trade Zone and India.IRNA reported quoted the Afghan Ministry of Transportation as saying that the shipping sector would soon be formed and the ships could operate commercial activities with the flag of Afghanistan in free waters.The other local media hailed the move saying that Afghan will soon establish a department of shipping and ships will plough the ocean flying the Afghan flag.
Synergy Group Launches iCALL Help Line
Synergy Group has launched a new counselling service aimed at improving mental health support for sea- and shore-based maritime personnel.iCALL is a free psychological helpline for the worldwide maritime community available 24/7 in nine different languages via phone, email and the chat-based nULTA App.“Numerous studies into the psychological health of seafarers have shown that large numbers of seafarers suffer from obvious manifestations of impaired psychological well being such as social isolation and depression…
ECSA Mulls More Capacity on EU Recycling
The European Shipping industry welcomes the European Commission’s current inspections of ship recycling facilities in order to enlarge the list of approved facilities that will ensure safe and environmentally sound ship recycling.When non EU facilities such as Indian facilities are found to be compliant with the requirements, they should be included in the EU list, as it will facilitate and encourage further positive developments taking place in South Asia and worldwide.By 31st…
OOCL Expands GHG Reporting and Verification Scope
Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) said that it has been taking concrete, meaningful and progressive steps in our long-term commitment to protecting the environment and reducing emissions in the communities where it operates by meeting our Greenhouse Gas (GHG) verification targets spanning from Scopes 1 to 3.A press release from OOCL stated: "We are pleased to announce that our GHG Scope 3 reporting and verification…
Maersk Line Pushes Restart in Maldives
Maersk Line announced it has restarted shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs.The world’s largest container shipping company introduced a weekly service between Colombo and Male in an initiative aiming to provide a strategic trade opportunity to countries in South Asia.“Maldives has a flourishing tourism market and offers an excellent opportunity for global trade. Interestingly, around 90 percent of Maldives trade is import driven and spearheaded by China, India and Sri Lanka.
169 Ships Sold to South Asian Beaches for Breaking
Of the 220 ships broken in the second quarter of 2018, 169 were sold to be scrapped on the beaches of South Asia, says NGO Shipbreaking Platform.In the second quarter of 2018, American ship owners sold the most ships to the South Asian yards with 26 vessels beached, followed by Greek and UAE owners. In the end of April, Pakistan reopened the market to the import of tankers.In two months alone, 22 tankers reached the shores of Gadani to be scrapped as devaluing freight rates have…
Asian Cruise Market Growth Continues -Report
Cruise vacations are growing increasingly popular in Asian markets, according to the latest report from trade association Cruise Lines International Association (CLIA).Asian-sourced ocean cruise passenger numbers hit another record high in 2017 with more than 4 million taking an ocean cruise (up 20.6 percent), CLIA’s 2018 Asia Cruise Trends report revealed.Asia accounted for about 15 percent of total global ocean passenger volume in 2017 as mainland China maintained its dominance as a key source market…
Krishnapatnam Port Commissions New Cranes
Krishnapatnam Port Container Terminal (KPCT); a deep drafted container terminal on India's east coast, announced the commissioning of five new Electrical Rubber Tyred Gantry cranes (e-RTGC).Krishnapatnam Port Container Terminal is planning to increase its container handling capacity from the current 1.2 Million TEUs per annum to 2 Million TEUs. The new equipment, the port said, bolsters its container handling capacity in the backdrop of a strong year-on-year container volume growth…
APM Terminals India Becomes Authorized Economic Operator
APM Terminals India Pvt. Ltd became one of India’s first Inland Service providers to receive the internationally recognized security standard, Authorized Economic Operator (AEO) from the World Customs Organization. The aim of the AEO program is to prevent unlawful trade across borders and facilitate legitimate trade designates. The AEO certification acknowledges APM Terminals India Pvt. Ltd, which operates under the brand APM Terminals Inland Services, South Asia, as a 'secure' and 'reliable' trade partner for global supply chains.
Container Shipping a 'Mixed Bag' - Drewry
South Asia container trade with Europe continues to outpace the Middle East, says Drewry in its Container Insight Weekly report.Container shipments in the combined eastbound Europe to the Middle East and South Asia trade performed well in the first quarter, rising by 5.2 percent year-on-year according to Container Trade Statistics. However, that aggregate rate hides two very different performances by the two destinations. CTS reports that inbound traffic to South Asia soared by 18 percent in 1Q18 to reach approximately 410…
Colombo Dockyard to Build Two Vessels for Iraq
The leader of Shipbuilding Industry in Sri Lanka Colombo Dockyard PLC (CDPLC) has successfully secured a contract with Toyota Tsusho Corporation (TTC) of Japan to build two vessels; Pilot Station Vessel and Buoy Tender Vessel, for General Company for Port of Iraq (GCPI). TTC and GCPI signed the Prime Contract on 27th April 2018 in Dubai. Subsequent to the signing of the Prime Contract, TTC signed the Sub Contract Agreement with CDPLC as TTC’s preferred Shipyard for the construction of these vessels on 2nd May 2018 in Japan.
South Asia Gateway Terminal Welcomes ONE Service
Singapore-based Ocean Network Express (ONE) has introduced its new EC5 route calling at the Port of Colombo, Sri Lanka. Headquartered in Singapore, Ocean Network Express was established on July 7, 2017 through the integration of 'K' Line, MOL and NYK. It’s new EC5 service was launched on April 23rd at the South Asia Gateway Terminal (SAGT) at the Port of Colombo. South Asia Gateway Terminal (SAGT), is owned by a consortium of local and global companies, including APM Terminals, which holds a 33% share. Opened in 1999, it was Sri Lanka’s first private terminal.
Northern Offshore Sells Semi-Sub
Northern Offshore announces it has sold its semisubmersible Energy Driller to an unnamed party for conversion to alternative use. The unit had previously been cold stacked at a shipyard in Bahrain following completion of a term drilling contract in India. Northern Offshore previously sold the drillship Energy Searcher in late 2016. Chairman and (Interim) CEO Dr. Northern Offshore is a global offshore drilling company historically operating in the North Sea, West Africa, South Asia, Near East and Southeast Asia.
Spectra Logistics Opens New Container Yard in Sri Lanka
GAC Logistics Sri Lanka and Hemas Transportation have opened a new 30,000m² container yard with a capacity of 6,000 TEUs at their joint integrated logistics facility in the Muthurajawela Industrial Zone, Wattala. It is the latest development in the partnership between the two companies, under the name Spectra Logistics, which was announced a year ago at the facility’s groundbreaking ceremony. Work has already begun on the next phase, with a distribution centre due to be completed by June this year.
Norway SWF Dumps 3 Shipping Firms
The Norwegian Central Bank has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the Government Pension Fund Global (GPFG). The exclusion is based on the companies’ poor management of their end-of-life ships and the sale of these for dirty and dangerous shipbreaking on the beaches of Gadani, Pakistan and Chittagong, Bangladesh. The Norwegian Council on Ethics directs the Norwegian Central Bank…
India to Establish Center of Excellence in Maritime and Ship Building in 2 Cities
A world class Center of Excellence in Maritime and Ship Building (CEMS) is being set up by Ministry of Shipping in collaboration with Siemens and Indian Register of Shipping (IRS) under the Ministry’s flagship Sagarmala Program. CEMS will have campuses at Vishakhapatnam and Mumbai, and will provide industry-relevant skill development, equip students with employable engineering and technical skills in the port and maritime sector and contribute to the Government of India’s ambitious Sagarmala programme.
International Ship Repair Facility at Cochin Shipyard
The Minister of Shipping in India, Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the foundation stone for a INR 970-crore (USD 148 million) International Ship Repair Facility (ISRF) for Cochin Shipyard Limited. The facility is being built at Cochin Port Trust where CSL has leased out a 40-acre plot for the project. The International Ship Repair facility will be a State of the Art facility that can handle a major chunk of small and medium sized vessels plying in India.