Alphaliner data shows that the global liner vessel fleet has reached 30m TEU for the first time in history with a TEU tsunami cascading out of yards in Asia this year delivering a record volume of new buildings. The pace of growth of the global container fleet is remarkable. It took the industry around 50 years to reach the 5m…
NEW DELHI, June 19 (Reuters) – India’s cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country with Europe by sea and rail links through the Middle East. The Vadhavan port will be built on India’s western coast, about 150 km (93 miles)…
The Singapore port is a major transshipment port used by Indian trade. While there is no respite in the Middle East for the shipping industry that continues to face hardship due to the Red Sea route suspension, there is now tension in the South East due to severe congestion at Singapore port and China’s Shanghai/Ningbo ports has only aggravated the…
The consortium Goal Zero unveiled the first completely electric cargo ship in Singapore on Thursday (23 November) at Raffles Marina. The Goal Zero consortium is spearheaded by a Singapore-based firm, SeaTech Solutions, which designed the vessel. Yinson GreenTech (abbreviated the YGT), a subsidiary ofYinson Holdings listed with Bursa, was primarily responsible for program management, commercialisation, and system solutions with…
The rescue mission has included five cargo vessels besides three Coast Guard vessels, the Air Force and Navy helicopters, and a navy frigate. Representation Image The Raptor, registered with the Comoros, carried 6,000 tons of salt from Alexandria, Egypt, to Istanbul, according to the coast guard. According to the Coast Guard, it had a crew of 14, comprising eight Egyptians,…
Uganda’s Presidential Advisory Committee on Exports and Industrial Development (PACEID) recently announced its partnership with the Technology Associates & CargoX Consortium (TA-CargoX) to develop TradeXchange. TradeXchange is a national trade facilitation platform for exporters expected to be a game-changer for Uganda’s export trade landscape. This partnership is particularly significant when looking at Uganda’s current export statistics. As per the Bank…
Scientists at the University of Victoria and the Niels Bohr Institute at the University of Copenhagen have debunked the myth of rogue waves by using artificial intelligence (AI) to create a predictive model. The researchers used machine learning to identify the elements that lead to the formation of rogue waves using data from over a billion waves and 700 years…
Tideworks Technology®, a full-service provider of comprehensive terminal operating system (TOS) solutions, announced that BNSF Railway (BNSF), one of US largest freight railroad and one of North America’s Class I railroads, has gone live with Tideworks Intermodal Pro® intermodal TOS and Traffic Control™ equipment dispatch system at BNSF’s Memphis facility. Intermodal Pro and Traffic Control will provide BNSF with centralized visibility into…
The US government has decided to invest US$553 million in building a new deep-water container terminal in Sri Lanka’s Port of Colombo. The US International Development Finance Corporation (DFC), America’s development finance institution, will provide the financial support for the development of the West Container Terminal. DFC CEO, Scott Nathan said the new terminal will expand the container capacity…
South Korean feeder operator Namsung Shipping this week launched an Internet of Things (IoT)-based service to monitor and track refrigerated containers. The basic service enables shippers to check the movement of reefers and is targeted at customers with refrigerated cargoes passing through China and Indonesia, due to the vast hinterland in the former and the many islands in the latter.…