Global Ship Lease Agreed To Secure A New Loan Of $236m From Hayfin Capital Management
Global Ship Lease (GSL), a well-established loan facility based in London, has finally secured a brand-new loan of $236.2m after striking a lucrative deal with the Hayfin Capital Management. Throwing light on this recent development, the Executive Chairman at Global Ship Lease (George Youroukos) has stated that GSL considers strengthening the bond with Hayfin Capital Management as a major milestone as the organization has successfully attained an impressive count of charters at amazing rates. In fact, the management at GSL has planned refinancing of 2022 notes that has proven beneficial in boosting not just the financial stability but also the fleet size and future prospects. Global Ship Lease has strived hard to take full advantage of lucrative opportunities in the maritime arena to enhance the shareholder value and establish its authority as a major owner of top-notch, in-demand container vessels.
India-Based Paradip Port Trust Has Sourced Early Bids From Private Companies To Build A Dry Bulk Cargo Terminal
The Paradip Port Trust in India has been focused on inviting early bids from a wide range of private companies (that include Adani Ports, Essar Ports, Tata Steel and Special Economic Zone) in order to fund the much-awaited construction of a dry bulk cargo terminal that has an approximated budget of $326m. The dry bulk cargo terminal as initiated by the Paradip Port Trust will efficiently handle break-bulk cargo along with dry-bulk cargo while maintaining the smooth flow of imports and exports. The Paradip Port Trust has declared that the private company winning the bid will supervise the construction, operation and maintenance of the dry bulk cargo terminal for a period of 30 years.
DP World Has Initiated The Construction Of The Nhava Sheva Business Park At Free Trade Zone In Mumbai
DP World has a strong presence in the maritime industry as a powerful logistics company that influences trade on a global scale. After sealing the deal with a Lease Agreement way back in July, DP World has gathered the necessary approvals and laid the foundation stone for the upcoming Nhava Sheva Business Park (NSBP) at Free Trade Zone (FTZ) in Mumbai. The Nhava Sheva Business Park is being referred to as a Special Purpose Vehicle that functions as a co-developer for the Jawaharlal Nehru Port Trust, while the Free Trade Zone is commissioned on a lease for a long period of 60 years. The top-rated facility is a world-class project that revolves around cargo handling, commercial infrastructure, and modern machinery spread across a 1 million square feet storage space. The Nhava Sheva Business Park is bound to grab attention and inspire more such new-age projects with its avant-garde, multi-product warehouses that are temperature-controlled too, along with an advanced container yard that comprises innovative digital and security connections. It is being predicted that India will soon emerge as the new-age hub for supervising the exports sector with the Free Trade Zone positioned at an optimum location to boost trade.
V.O.Chidambaranar Port Achieves A Record Milestone By Handling 4,413 TEUs In January
V.O.Chidambaranar Port has set a new record after its container terminal operator PSA Sical established a new record after handling an incredible count of 4,413 teus in January 2020. This was regarded as achieving the highest volume count from a single container vessel, which is named as M.V. SSL Brahmaputra has an overall length of 260.05 meters and is guided by a vessel agent called Transworld Shipping Agencies in Tuticorin. In spite of the inconsistencies and the challenges put forward by the COVID-19 scenario, the V.O.Chidambaranar Port has emerged victorious in container handling and put forth a new record against all odds.
Maersk Declares A Three-Year Extension Of Its Long-Term Partnership With The Ocean Cleanup
A.P.Moller-Maersk has always offered a helping hand in preserving our precious environment while reducing the carbon footprint and eliminating marine pollution. According to recent reports, A.P.Moller-Maersk has announced a three-year extension period to expand its long-term partnership with The Ocean Cleanup. The Ocean Cleanup is a modern-day initiative that is devoted to cleaning up plastics in the ocean. The Maersk Supply Service is already focused on maximizing its efforts for offering first-class marine offshore support and it will gradually expand its services to provide end-to-end supply chain management operations for the ocean-based and river-based projects as headed by The Ocean Cleanup.