Huge Explosion Erupts On Ship At Jebel Ali Port, Sending Shockwaves Through Dubai
It was confirmed that a Jebel Ali explosion occurred due to a small containership preparing to dock at the terminal. The media office said that the fire was extinguished in 40 minutes with no casualties. The ship was identified by the UAE Minister of Energy and Infrastructure as the 210 teu Ocean Trader, owned by local company Sash Shipping Corp according to Equasis. The port is still being assessed for damage, but operations are running at 100% a source at the port told Splash, providing some relief to shippers who have had to contend with Covid outbreaks in Yantian, backed up Californian ports and the fallout from the Suez Canal blockage in what has been the most challenging year operationally in the history of containerization.
JNPT Signs Upturn In Cargo Handling
Last month’s endeavour to become one of the leaders in combatting the pandemic, JNPT handled two containers of medical accessories in the vessel MV Hyundai Privilege with a total quantity of 23.8MT. JNPT’s APM Terminal handled COVID –related medical accessories in the vessel MV Hyundai Hong Kong, handled two cryogenic containers with medical-grade oxygen in the vessel MV Mol Garland, and four containers with medical accessories on the vessel MV Hyundai Platinum. Additionally, MV CMA CGM RIGOLETTO brought containers with medical accessories. A growth of 52.78% as compared to the same period last year. In terms of rail operations, JNPT handled 88,849 TEUS of ICD traffic from 548 rakes in June 2021, and the Rail-Coefficient is 20.10%.
CBIC Upgrades Platform For AEO Filing
CBIC has unveiled the upgraded version of online filing of Authorised Economic Operators (AEO) T2 and T3 applications platform, www.aeoindia.gov.in, where the AEO web application will also be accessible. The advanced online filing facility for AEOs opened on Wednesday and is designed to ensure continuous real-time and digital monitoring of physically filed AEO T2 and AEO T3 applications for timely intervention and expedience. AEO certification was implemented in 2011 and there are three tiers of AEO certification, namely AEO T1, AEO T2 and AEO T3 for importers and exporters.
Second Wave Of Shipping Containers Scarcity Haunts Exporters
After attaining crisis proportions earlier this year, shipping containers are again in short supply, which is increasing logistics costs for exporters and making businesses uncompetitive. In April, the government had declared victory over the initial container crisis but now the shortage is back at a time when export volumes are more than ever before as industry is clearing inventory and global demand is rising. The issue has been brought up by export-promotion councils and industry bodies have raised the issue in regular meetings with the government, which is quickly responding with steps to resolve the issue. India's exports surpassed $95 billion to become the highest ever in a single quarter during the first quarter of FY22. Exporters are worried they will miss the bus at this crucial time.
Container Shipping’s Record Year Is One For The History Books
The container ship segment has had an astonishing year thus far. In its latest weekly report, shipbroker Allied commented that “the remarkable exuberance that seems to have emerged within consumer behaviour globally since late 2020 has stretched supply lines to their absolute limits. At the same time, during the later half of 2020 and first half of 2021 we were still amidst major production disruptions, especially in most of the major developed economies, causing most supply chains to outstretch far beyond their consumer base. Pushing things further has also been the fact that we saw a fair amount of pent-up demand for consumer products fairly quickly as a looser monetary policy started to become the “order of the day” for most major economies”.