There were savings of 5.90% (24 hours scenario) and 4.23%(12 hours scenario) in IMO study

Containerships can reduce fuel consumption and resulting carbon dioxide emissions by 14 percent on a per voyage basis using just-in-time (JIT) arrival, according to a new study. JIT is an important tool that can contribute to a ship attaining its required carbon intensity indicator (CII) and associated CII rating in accordance with International Maritime Organization (IMO)’s short-term greenhouse gas (GHG) reduction measure, which will enter into force later this year, the study added.

CDPQ will take approx 22% stake in Jebel Ali Port, Jebel Ali Free Zone, and National Industries Park

DP World and CDPQ, a global investment group, announced an investment of $5 billion in three of DP World’s flagship UAE assets. CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone, and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22 percent (through a sub-concession of up to 35 years) with the remainder of the transaction being financed by debt,” according to an official statement from DP World.

This decision by the CMA CGM would force countries like the USA to re-think their usage of plastics

In what is seen as a historic decision in the shipping industry, the French major CMA CGM — the world’s third-largest shipping line — has announced that it has stopped transporting plastic waste on board its ships from June 1 to protect the oceans and biodiversity. If other shipping lines follow suit, it will have a significant impact on the usage of plastic and the disposal of plastic waste.

Consortium to give royalty of ₹54 per tonne; invest ₹3000 cr in two phases

Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) has emerged as the highest bidder for developing the western dock of Paradip Port with a likely investment of ₹3,000 crores, as per a letter issued by the port authorities on May 27.

Revenue from the logistics business stood at Rs 1,208 crore, recording a growth of 26%

Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India recently announced its results for the fourth quarter and year ended March 31, 2022. APSEZ’s consolidated revenue (excluding Gangavaram) grew by 27% to Rs 15,934 crore on the back of well-rounded growth registered by three key business segments – Port, Logistics, and SEZ. Karan Adani, Chief Executive Officer and director of APSEZ, said, “FY22 has been a stellar year for APSEZ, with the achievement of various milestones for itself and new benchmarks for India’s maritime industry.”

There were savings of 5.90% (24 hours scenario) and 4.23%(12 hours scenario) in IMO study

Containerships can reduce fuel consumption and resulting carbon dioxide emissions by 14 percent on a per voyage basis using just-in-time (JIT) arrival, according to a new study. JIT is an important tool that can contribute to a ship attaining its required carbon intensity indicator (CII) and associated CII rating in accordance with International Maritime Organization (IMO)’s short-term greenhouse gas (GHG) reduction measure, which will enter into force later this year, the study added.

CDPQ will take approx 22% stake in Jebel Ali Port, Jebel Ali Free Zone, and National Industries Park

DP World and CDPQ, a global investment group, announced an investment of $5 billion in three of DP World’s flagship UAE assets. CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone, and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22 percent (through a sub-concession of up to 35 years) with the remainder of the transaction being financed by debt,” according to an official statement from DP World.

This decision by the CMA CGM would force countries like the USA to re-think their usage of plastics

In what is seen as a historic decision in the shipping industry, the French major CMA CGM — the world’s third-largest shipping line — has announced that it has stopped transporting plastic waste on board its ships from June 1 to protect the oceans and biodiversity. If other shipping lines follow suit, it will have a significant impact on the usage of plastic and the disposal of plastic waste.

Consortium to give royalty of ₹54 per tonne; invest ₹3000 cr in two phases

Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) has emerged as the highest bidder for developing the western dock of Paradip Port with a likely investment of ₹3,000 crores, as per a letter issued by the port authorities on May 27.

Revenue from the logistics business stood at Rs 1,208 crore, recording a growth of 26%

Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India recently announced its results for the fourth quarter and year ended March 31, 2022. APSEZ’s consolidated revenue (excluding Gangavaram) grew by 27% to Rs 15,934 crore on the back of well-rounded growth registered by three key business segments – Port, Logistics, and SEZ. Karan Adani, Chief Executive Officer and director of APSEZ, said, “FY22 has been a stellar year for APSEZ, with the achievement of various milestones for itself and new benchmarks for India’s maritime industry.”