DP World announced a new weekly Straits India Service (SIS) at its Port Terminals in Nhava Sheva and Mundra. The new service is operated by the global feeder operator Feedertech part of Unifeeder Group, DP World Marine Services. The new weekly service will establish direct connectivity to the Far East with the shortest transit time from DP World terminals in Nhava Sheva and Mundra. This will further boost trade between India and the Far East by providing customers with opportunities to grow their business and offer seamless connections to Malaysia and Singapore as an alternative to transhipping at Colombo Port thereby, improving lead time and reducing cost. The service port rotation is Singapore – Port Kelang – Nhava Sheva – Mundra – Singapore. Ravinder Singh Johal, Regional Head – Commercial Liner Sales (Ports), Subcontinent, DP World, said “We welcome the new service at our terminals in Nhava Sheva and Mundra. It is our constant endeavour to enhance direct connections from our terminals and provide regional connectivity to our customers. This is yet another step in DP World’s endeavour to build an end-to-end logistics capability and integrated services for our end customers and help them grow their business. We will continue to create opportunities in the fast-growing coastal short-sea trade on the Indian Subcontinent.”Hui Khoon, CEO, Feedertech Pte.Ltd, said “We are delighted to announce the launch of our new SIS service which will enrich our network and our footprint in India. We look forward to the continued support from all our valued customers to the successful launch of this service.”
Read More »Sonowal announces India emerging as world leader in maritime sector
Union Minister for Ports, Shipping & Waterways and AYUSH Sarbananda Sonowal said, “India is emerging as a world leader in the maritime sector.” He assured to work for the development of shipping, ports seafarers training,and ultimately emerging as a world leader in the maritime sector, said Ministry of Ports, Shipping and Waterways in a statement. Sonowal recalled the vision of the Prime Minister, which has been embodied in the Maritime India Vision 2030 launched by him in March 2021. Sonowal said, “India is one of the largest seafarer supplying nation and our seafarers are in great demand internationally.” He expressed hope that the stakeholders would take appropriate measures to address the issues raised in the report.
Read More »APM Terminals Pipavav handles highest parcel size on MECL service
APM Terminals Pipavav, has handled the highest volumes on India- -US East Coast (MECL) service. The port safely handled 4,527 TEUs on Maersk Seletar with a record berth productivity of 140 moves per hour on this service. The MECL service connects the India to USEC including ports of Savannah, Norfolk, Newark, Algeciras and Middle East ports of Port Said East, Djibouti, Salalah, Jebel Ali and Port Qasim. Commenting on the achievement, Jakob Friis Sorenson, MD, APM Terminals Pipavav said, “Handling 4527 TEUs on MECL service is a significant achievement. I am also proud to share that we have achieved the 140-mph of berth productivity during the vessel operation. We are grateful to American customers, their representatives, USEC trade stakeholders and shipping lines for their abundant trust in our capabilities. Achieving these milestones are a testimony of our customer centricity, seamless coordination to manage transit sensitive cargoes, skilled staff and infrastructure competences, We strive to provide the highest efficiency at the berth, at the yard and at the gate to our customers.”
Read More »Container lines announce record $120 billion in profits in Q3
The third quarter results recently announced by the largest publicly traded carriers served to highlight the strength of the market. A.P. Moller-Maersk as the parent of the largest publicly-traded container line reported an amazing 355 percent increase in profits to more than $5.9 billion for the quarter. Similarly, Hapag-Lloyd reported a nearly 10 times increase in profits to more than $6.7 billion for the first nine months of the year. CEO Rolf Habben Jansen said it was “extraordinary strong results,” joining with the CEOs of the other major shipping companies to forecast that market conditions would remain similar for the remainder of 2021 and into 2022. Reviewing the results reported by the carriers, Alphaliner is forecasting for the full year the 10 largest container carriers remain on track for an EBIT operating profit of between $115 and $120 billion. According to Alphainer it the forecast is “more than six times the amount recorded in 2020 and is a figure that is likely to transform the structure of the industry.”
Read More »Shripad Y. Naik visits JNPT to review Port operations and technological advancements
Shripad Y. Naik, Union Minister of State for Ports, Shipping & Waterways, and Tourism, Government of India, visited Jawaharlal Nehru Port Trust (JNPT), for a comprehensive Port visit. During his visit, the Minister closely observed the Port operations and was apprised about several infrastructural and technological advancements harnessed by the Port, enabling it to offer world-class services to the global maritime and EXIM community. During his visit across the terminals at JNPT, the Minister engaged with the Port stakeholders and explored numerous tech-enabled ‘Smart Port Initiatives’ that are being undertaken to optimize terminal operations in order to further enhance the Port’s efficiency and competence. In addition, the Minister also experienced the RMQC crane simulator, used for training efficient & skilled crane operators, who are an integral and core part of the Port operations.
Read More »Hapag-Lloyd agrees to charter vessels
Hapag-Lloyd has agreed upon a three-month charter commencing in January of the 4,253 teu Synergy Oakland for an eye-watering $130,000 a day from Greek non-operating owner Euroseas. The carrier’s in-house charter desk will no doubt have baulked at a charter rate some $50,000 a day above the current bull market, but was clearly unable to fix an alternative to cover a vital commitment. It will now pay the owner some $11.5m for the duration of the time charter. Putting the Hapag-Lloyd fixture into context of today’s market, Euroseas paid just $10m for the Synergy Oakland in November 2019, as part of an en-bloc purchase and, four years ago, owners of similar panamax ships would have been happy to achieve $8,000 a day for a three-month charter.
Read More »Kottayam port signs MoU with Azimar for setting up cargo warehouse
Inland Container Depot (ICD) in Kottayam (Kottayam port) announced to work together with the Kuwait-based Azimar Shipping & Logistics LLP in container movement and setting up modern consolidated cargo warehouse in Kottayam. Abraham Varghese, managing director of the Kottayam port, and Ani Peter, managing partner, Azimar, signed a memorandum of understanding (MoU) in this regard at a function held in the presence of Industries Minister P. Rajeeve and Registrations Minister V. N. Vasavan in Thiruvananthapuram on Monday. As per this, Azimar will invest in building a new barge with a capacity to carry 30 TEU (twenty-foot equivalent unit) of cargo. “At present, we have more than 400 units of container transactions per month. With the arrival of Azimar, we expect that to cross 600 units in the beginning and touch 1,000 units later,” said Roopesh Kumar, general manager, Kottayam port.
Read More »Shippers re-routing transshipment cargo through JNPT & Mundra
Cargo owners at India’s hinterland points of Chennai and Kolkata are rerouting more shipments to JNPT (Nhava Sheva) or Mundra instead of feedering to hub or intermediate ports in South Asia for mainline, long-haul connectivity. These are usually Colombo (Sri Lanka), Singapore and Port Klang (Malaysia) . Jayesh Tanna, VP of FCL-air freight for India & Dubai at Mumbai-based multimodal solutions provider Allcargo Logistics, said there had been a change in the market, albeit transient, where more shippers tended to shift cargo away from Colombo, or other hubs caught up in lingering congestion and sailing reliability issues. “Shipments are slowly moving in and out from Kolkata to Nhava Sheva. This trend will likely continue, at least, for the next three to four months, as the space is not fully open.” said Tanna
Read More »Hapag-Lloyd introduces India-Nepal inland service
The Inland Container Depot (ICD) Birgunj, Nepal and Indian ports Kolkata and Visakhapatnam aims to offer greater flexibility and reliability for regional shippers with thw new link. Sudhir Sudhakaran, Inland Steering Manager Area India, said, “By expanding its presence in the hinterland bordering eastern India, the firm is able to capitalise on the booming import-heavy niche market.” The rail connection is a regular service, offering greater reliability for planning than previous road arrangements. Customers additionally will be able to receive a Through B/L and can directly take delivery of cargo in Nepal. “The partner we have chosen in Nepal is the ICD operator and now runs a private railroad, which ensures us access to infrastructure and strengthens our ability to deliver quality to our customers,” the company added. Customers can book their cargo up to ICD Birgunj with the choice of Kolkata and Visakhapatnam as gateway ports.
Read More »FedEx rewards India customers with point-based loyalty program
FedEx Express, a subsidiary of FedEx Corp. has expanded the My FedEx Rewards (MFR) program in India, a point-based loyalty program designed to reward customers for choosing FedEx. The rewards program is open to owners of corporate shipping accounts, enabling them to earn points for all eligible shipments. My FedEx Rewards will empower FedEx customers with more personalized services. Members of the MFR program can earn points as they ship with FedEx to redeem rewards such as gift vouchers and other goodies like electronics, health and beauty items, household products, luggage, bags, sporting goods and more. Eligible customers will receive an email invitation to the program and welcome points to kickstart their rewards journey
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