Saravanan's Blog

Source: VOC Port Registering a positive trend in cargo throughput year after year, V.O.Chidambaranar Port, Tuticorin, one of the fast growing Union government-controlled ports in Tamil Nadu, has handled all-time record cargo traffic of 282.61 Lakh Tonnes (as on March 28) in 2013-14 period, surpassing the previous year’s achievement of 282.60 lakh Tonnes. According to Port sources, during the same period last year, VOC Port had handled 278.78 lakh Tonnes of cargo. In terms of container handling for the period, the Port had handled 5,02,500 TEUs, surpassing the previous year’s achievement of 4,75,599 TEUs . During the same period last year, the Port had handled 4,68,937 TEUs registering a growth rate of 7.16%. It is worth a mention here that the Port had crossed the target of five lakh TEUs fixed by Ministry of Shipping for the Financial year 2013-14, three days in advance . During the financial year 2013-14, Industrial Coal, Rock Phosphate, Pet Coke and containerized cargo ...

Source:http://www.sagarsandesh.com/news/glovis-india-honours-partners-at-transporter-meet/ Glovis India, a group company of Hyundai Motors for providing integrated logistics solutions to exporters/importers, organised its annual transporter meet in Chennai, where its headquarters is located, on March 20 .  The three-hour event was attended by more than 80 major transporters across India. Special invitees for the event included Mr. V. Anand, Mr. K. Y. Park and Mr. J. M. Lee from Hyundai Motors India Ltd and Mr. Narasimhan , a reputed consultant in the area of Total Quality Management. Mr. Min Joo, Managing Director of Glovis India, addressing the a nnual Transporter Meet in Chennai. The event kick-started with a welcome address by Mr. Nam Gug Joh, the COO of the Transportation Division , followed by the key-note by Mr. Min Joo, Managing Director of Glovis India . In his address, Mr. Min Joo stated that the annual meet has three main objectives — reviewing the performance...

-Container vessel “Cap San Lorenzo” featuring world’s biggest reefer capacity arrives at Port of Hamburg for the very first  time Source: http://www.portofhamburg.com  On her first voyage from South America to Europe, the new container ship “Cap San Lorenzo” docked at the HHLA Container  Terminal Burchardkai on March 23, 2014, its first arrival ever in Hamburg. The new “Cap San” class of the shipping company  Hamburg Süd has 2,100 connections for refrigerated containers, known as reefers. No other vessels worldwide currently have  greater capacity for reefer containers than the “Cap San Lorenzo” and its sister vessels, which are also amongst the  biggest ships of the shipping company. These units with a nominal total carrying capacity of 9,600 TEU (20-foot standard  containers) are part of a scheduled liner service between the eastern coast of South America and Europe (River Plate  Express). On the occasion of her first visit to the...

Source: http://www.mhi-global.com -Identical to Ship Type Ordered Late Last Year - Vessel Specifications Enable Passage through Expanding Panama Canal -- Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Astomos Energy Corporation for  a very large liquefied petroleum gas (LPG) carrier. The LPG carrier on order is identical to a vessel ordered to MHI by  Astomos Energy late last year. Completion and delivery of the ship are scheduled for the first half of 2016. The newly ordered LPG carrier will measure 230.0 meters (m) in length overall (LOA), 36.6m in width and 11.1m in draft,  with gross tonnage of 48,300 tons (t) and deadweight tonnage of 51,100t. It will have capacity to carry up to 83,000 cubic  meters (m3) of LPG. The adoption of MHI's unique hull design and other features will provide the carrier with superlative  fuel efficiency and outstanding adaptability to the diverse connecting conditions of the world's LPG termina...

Source: http://hhla.de The world’s largest container ship propeller was loaded onto the "Hyundai Together" at the HHLA Container Terminal  Altenwerder on March 15. According to a media statement, t he ‘HHLA IV’ floating crane lifted the giant propeller, measuring 10.3 metres in diameter, weighing 113 tonnes and  boasting five blades , from its pontoon into the belly of the ship. It may be worth a mention here that the ‘HHLA IV’ can lift up to 200 tonnes and can be  steered with millimetre precision, even when fully loaded. Commenting on the feat, Mr Thomas Kahl, from Hyundai Merchant Marine Germany (HMM), said, “HMM has been active in the break bulk market for 20  years. Shipping heavy and high-volume cargo is part of our everyday business, but transporting a propeller like  this is nonetheless a challenge, even for us. We are delighted to have been able to transport this cargo on Hyundai ships." Mr Thomas stated: "The smooth handling of this s...

Mr P.C. Parida, previously Deputy Chairman with Chennai Port Trust, has been appointed as Chairman of New Mangalore Port Trust (NMPT) by the Ministry of Shipping. On March 15, Mr Parida took charge as the new Chairman at the port administrative building located at Panambur, 170 nautical miles South of Mormugao Port and 191 nautical miles North of Cochin Port . Prior to his present assignment Mr Parida was working as Deputy Chairman, Chennai Port Trust from January, 2011.  He also worked as Dy. Chairman, Mormugao Port Trust from November, 2008 to December, 2010, FA&CAO of Chennai Port Trust from September, 2001 to October 2008, FA&CAO of V.O. Chidambaranar Port Trust (erstwhile Tuticorin Port Trust) from August, 1996 to September, 2001.  During his tenure in different ports, Mr Parida was associated with many projects i.e. privatization of first  Container Terminal at V.O. Chidambaranar Port, 1 st and 2 nd Container Terminal at Chennai Port, privatiza...

Source:http://www.sagarsandesh.com/news/imports-of-chinese-bicycles-bleeding-domestic-industry/ Rising imports of bicycles and their components from China to India at almost 25 per cent cost-comparative advantage owing to free trade agreements (FTAs) together with South Asia Free Trade Agreement (SAFTA) are posing a serious threat to domestic bicycle industry producing over 41, 000 bicycles per day , according to a just concluded study undertaken by the ASSOCHAM Economic Research Bureau. Picture Source: http://www.chinae-vehicle.com “There is a need to increase the import duty on bicycles and its parts from the  prevailing 20 to 30 per cent as by doing this the prices of bicycles made both in India and China would equate in the global market,” noted a just-concluded study on ‘ Future of Indian Bicycle Industry,’ conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). “There is an urgent need to impose strict anti-dumping laws to check risin...

- Throughput grew 12% to 6.3 million TEUs -Revenues increased 17% to US$852.4 million -EBITDA improved 23% to US$377.3 million Source:  www.ictsi.com International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2013 posting revenue from port operations of US$852.4 million, an increase of 17 percent over the US$729.3 million reported for the same period the previous year, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$377.3 million, 23 percent higher than the US$307.6 million generated last year, and net income attributable to equity holders of the parent of US$172.4 million, up 20 percent compared to the US$143.2 million earned in 2012. The higher net income attributable to equity holders of the parent in 2013 was mainly due to strong revenue growth and margin improvement in certain key terminals and the contribution from the new terminal in Karachi, Pakis...

Source:http://www.sagarsandesh.com/news/adani-to-develop-container-terminal-at-kamarajar-port/ With the arrival of Adani Ports and SEZ Ltd (APSEZ), India’s largest private port operator, into South India’s container  handling market, the existing established players like DP World and PSA International, who operate at Chennai Port, has a  serious challenge in their hands. After selecting Adani Port’s bid for its proposed container terminal, on March 1, the management of Kamarajar Port Limited  (KPL), Ennore, signed a concession agreement with them to develop a state-of-the-art container terminal at an estimated  cost of Rs. 1, 270 crores. For smooth execution of the project, the company has floated a special purpose vehicle named Adani Ennore Container  Terminal Pvt. Ltd . and the entire project will be funded through debt and internal accruals. According to official sources, Adani will have the flexibility to build the 730m berth in stages, starting ...

Source: PR Newswire Building on the fruitful past decade of UK-Singapore cooperation in scientific research and development, A*STAR's  Institute of High Performance Computing (IHPC) and the Southampton Marine and Maritime Institute (SMMI) officially  launched a joint laboratory in Maritime and Offshore Engineering R&D on March 4 , to develop innovative technological solutions  through modelling and simulation using high performance computing technology, aimed at solving technical issues faced by  the maritime, energy and offshore sectors. The opening of the joint laboratory symbolises both countries' continued commitment to the fostering of greater synergy  and cooperation in moving the frontiers of science. The Joint Lab opening was witnessed by UK Minister of State for  Universities and Science, The Rt Hon David Willetts MP. As a globally leading maritime hub that is home to many companies in the offshore sector, Singapore provides an excellent...