Five Korean Container Shipping Organizations Plan To Jointly Collaborate To Form A K-Alliance
The Coronavirus pandemic is still raging across the globe and like every other industry, the shipping industry has been experiencing a downward spiral as trade is majorly affected with the inevitable downfall of big and small organizations. In light of the present scenario, five well-established Korean container shipping companies (namely Pan Ocean, HMM, Sinokor Merchant Marine, SM Line and Heung-A Line) have decided to cooperate for launching a K-Alliance liner alliance on providing top-notch Southeast Asia services, as requested by the Ministry of Oceans and Fisheries (MOF) in Korea. According to the agreement, a strong collaborative venture will be formed by the national liner organizations that will boost the dominant presence and competitive spirit of the major carriers on the Southeast Asia trading routes. Rumour has it that six more maritime organizations might join the K-Alliance liner alliance once it is deemed as a success. On a positive note, the alliance partners are looking forward to purchasing and deploying eco-friendly container vessels while utilizing the advanced port facilities to the fullest potential. It is a smart move for the Korean container shipping companies to team up and form a modern-day alliance as their earlier market shares on the South Korea-Southeast Asia route have been facing a decline owing to the interference of other global shipping organizations.
The Government Of India Has Decided To Launch A Brand-New Project Worth 320 Crores To Establish A Digital Port Ecosystem
According to the Ministry of Ports, Shipping and Waterways, the Government of India has planned on introducing a new project worth Rs. 320 crores in order to successfully implement a digital port ecosystem for the five major ports in the country - Mumbai, Deendayal, Paradip, Chennai and Kolkata (and that includes Haldia). The brand-new digital port ecosystem will incorporate new-age features following the latest international standards while concentrating on meeting the local demands. Moreover, a centralized port community called PCS (that is modernized and web-based) has begun its operations across all the well-established ports in India that will promote an uninterrupted flow of data between the multiple stakeholders while communicating via a common interface.
The MSC India Africa Service (IAS) Will Strengthen Connections Between India And West Africa
MSC is planning on introducing an upcoming direct service from India to West Africa that will prove to be extremely beneficial in boosting the trade growth between the two countries when it comes to improved services for transferring customer shipping goods. The MSC India Africa Service (IAS) will start operations from 2021 and is bound to be effective in bringing forth a quick, direct, and trustworthy network to the loyal customers while restoring goodwill in Indian trade and encouraging better connectivity between India and West Africa along with a call at the Colombo Port. The MSC India Africa Service (IAS) is also efficient at connecting the trading routes at South Africa with Pakistan and the Middle East. The upcoming India Africa Service will feature a new rotation that runs as: Mundra - Nhava Sheva - Colombo - Port Louis - Tema - Lome - Cotonou - Cape Town - Durban - Jebel Ali - Abu Dhabi - Port Qasim - Mundra.
Goa-Based Vijay Marine Shipyard Pvt. Ltd. Has Successfully Delivered Two Ferries For The Tourism Of Tamil Nadu
Although the Covid-19 pandemic has been putting an immense amount of pressure on the major and minor ports across the country, the Vijay Marine Shipyard Pvt. Ltd. from Goa has been efficient at shipping not one but two tug boats as required by the Tourism of Tamil Nadu during such challenging times. The two ferries called ‘M.L.THIRUVALLUVAR’ AND ‘M.L.THAMIRABARANI’ were promptly delivered on time by the Vijay Marine Shipyard in the face of an ongoing pandemic. The Goa-based port also featured two ferries called ‘DHWANI’ and ‘MITHRA’ that were delivered to the Beypore Port and the Kollam Port during late November in 2020, respectively.
Great Eastern Shipping Co Ltd. Is Now Regarded As The Biggest Ship Owner In India According To Fleet Size
The Great Eastern Shipping Co Ltd. has finally defeated the Shipping Corporation of India (SCI) in being announced as the biggest ship owner in the country (with no less than 69 vessels!) when it comes to fleet size. Earlier, the industry was being entirely dominated by the state-owned corporation for a long time and the Great Industry organization has now overcome the numerous challenges to acquire the number one position. With this wonderful achievement demonstrated by the Great Eastern Shipping, India can now feature in the worldwide competition of reputed ship owning nations such as Greece, China and the United States of America.