China-Based Boxship Operator SITC Decided To Expand Its Fleet With Eight Brand-New Container Vessels
SITC, the well-known boxship operator from China has planned to add to its existing fleet by confirming a bulk order for the construction of eight new buildings at Dae Sun shipbuilding yard in South Korea. SITC is the proud owner of 81 vessels and will receive a pending order of 20 vessels in the near future. The new container vessels are scheduled to be delivered between the months of January and December in 2023 and comprise a stunning deal worth $153.6 million. SITC has moved forward with the new agreement and expanded its container fleet in a smart attempt to meet the ever-growing demands for the company’s regular services. During the month of March in 2021, SITC has also sealed the deal for an order of eight new boxships at the compatriot shipyard under Yangzijiang Shipbuilding.
Kerala Will Soon Introduce A Short Sea Container Shipping Service By Round The Coast Pvt Ltd
Kerala is looking forward to launching a short sea container shipping service as a new venture by Round The Coast Pvt Ltd under the JM Baxi Group. The container shipping operations are scheduled to begin in mid-June this year and will effectively connect the well-established ports of Cochin (Vallarpadam), Azhikal, and Beypore in Kerala. The JM Baxi Group has earned its reputation as a logistics conglomerate from Mumbai and is now promoting Round The Coast as its new venture. The sea transport service in Kerala is being referred to as ‘Green Freight Corridor 2’ and will begin its operations with a 106 teu capacity vessel. The main focus of Round The Coast initiative is to offer energy-efficient, intermodal logistics solutions in the trade arena, which will be ecological as well as economical.
APM Terminals Has Finally Succeeded In Installing Navis N4 At The APMT Mumbai Location
APM Terminals has been successful in launching the updated Navis N4 in its terminal network at the renowned APMT Mumbai location. The partnership between Navis N4 and APMT Mumbai will play an integral role in ushering in a hassle-free, virtual service that will prove beneficial in upgrading the Mumbai terminal. By adapting to the Navis N4 and utilizing it as the standard Terminal Operations System (TOS), the terminal has been encouraging the smooth sharing of highly efficient, advanced solutions as well as encouraging a quicker, cost-effective global development of front-end applications for the clients.
International Container Transshipment Terminal Run By DP World At Cochin Is Ready For Developing Direct Connectivity With West Africa
The DP World is in charge of supervising the International Container Transhipment Terminal (ICTT) at Cochin and has recently given the green signal to a new weekly service that will establish direct connectivity between ICTT and West Africa. The fixed-weekly sailing service called Far East-West Africa India Express is handled by Maersk Line and will deploy 13 vessels, linking West Africa to Cochin Port and Cochin Port to the Far East ports. The weekly service will enable the customers to connect the shipment conveniently from Cochin to the global trade markets thus eliminating the need for transshipment operations at the Colombo port. Needless to add, this direct link will cut down the shipping costs and provide great value for money in the long run.
Pangaea Logistics Solutions Acquires Possession Of An Ice Class Post-Panamax Bulker To Grow Its Market Share
Pangaea Logistics Solutions accepted the delivery of an ice-class Post-Panamax bulker that is integrated within a fleet modernization program and aims at expanding its market share in the maritime industry. The new Post-Panamax bulker called Nordic Nuluujaak is being regarded as high in efficiency when it comes to travelling across the Arctic owing to its advanced cargo lift and fuel-efficient design.