Evergreen Marine and BlueX Trade partner to revolutionize integrated ocean logistics

TAIWAN: Evergreen Marine Corporation and BlueX Trade, have established a partnership to bring customers digitalized integrated logistics. Through the launch, customers can easily search online for thousands of routes and book within minutes directly with Evergreen. 

In addition to providing a white-label digital booking platform, BlueX is also building a trade-matching network that integrates the logistics ecosystem required to move a shipment from door to door. In the future, Evergreen will leverage the ecosystem to offer services such as freight financing, trucking, and insurance.

 

“Evergreen Marine decided to partner with BlueX and will launch with the platform because the solution has the potential to be the most effective monetization channel for all of our space, globally,” says Eric Wang, EVP of Marketing at Evergreen Marine Corporation.

In conjunction with the launch, BlueX is announcing its CarrierX Initiative. As part of the initiative, BlueX has created a white-label solution for carriers to enable smart booking, combined with a trade-services network. The CarrierX Initiative strives to deliver an integrated container logistics solution, to bring enterprise shippers a seamless experience across the supply chain. In an effort to create a digital ecosystem in the ocean logistics economy, carriers will get the most effective monetization channel for their container distribution, including rate and inventory management, carrier EDI/API, and AI/Machine learning.

 

“We believe carriers open to connecting the industry through technology have the potential to unlock huge value from their existing network. By joining the CarrierX Initiative, carriers get the latest technology solution along with the ability to monetize their container volume with new revenue sources,” says Sean O’Malley, CEO of BlueX Trade.

HMM wins Lloyd’s List “Global Freight Award” 2019

SEOUL: HMM is pleased to announce that the company is honoured as the winner of the ‘Environmental Award’ in the Global Freight Award 2019. The award ceremony was hosted at the Royal Lancaster Hotel in London on 14 November 2019. A total of six companies were shortlisted as a finalist in the environment category.

HMM’s continued effort to reduce emissions played an important role in the prize. A panel of judges recognised the HMM for its long standing commitment to emission calculation and reduction with tangible results.

“On behalf of HMM, the prestigious environmental award is a great honor for our company“, says Peter Livey, Managing Director UK of HMM. “Climate change is our collective challenge. For a zero emission future, for which no carbon neutral fuels or technology currently exist, we more than ever need to strive to improve, innovate, and collaborate on minimizing the potentially severe problems climate change could bring for future generations”, Peter Livey added.

 

Lloyd’s List Global Freight Award 2019:

Global Freight Award 2019 is the industry’s flagship award programme that recognises and rewards excellence across the supply chain community. The event is now in its 23rd year.

 

The Awards have a range of categories suitable for any successful organisation to increase their profile and benchmark themselves against their peers; from large private and public companies through to thriving entrepreneurial business, promising start-ups and established small and medium-sized (SME) enterprises.

Gateway Distriparks approves sale of Chandra CFS to Team Global Logistics

MUMBAI: Gateway Distriparks Limited (GDL) has entered into a Share Purchase Agreement to sell its second CFS in Chennai, held in its wholly owned subsidiary - Chandra CFS & Terminal Operators Private Limited (Chandra CFS) - to Team Global Logistics Private Limited (TeamGlobal), for a consideration of INR 47 crores and an amount equal to earnings before depreciation and amortization for a period of April 1st 2019 to Closing Date. Further, TeamGlobal will also be placing Rs. 2 crores in an escrow account as a commitment fee, which will be adjusted as part of the purchase consideration on closing. The transaction is expected to close in 45 days.

 

Chandra CFS is a Container freight station strategically located between Chennai & Ennore Ports. For FY 2018-19, Chandra handled around 12,000 TEUs last year. The company posted a Total Income of INR 9.0 crores, EBITDA of INR 1.33 crores and Loss Before Tax of INR 0.62 crores. 

 

GDL will continue to operate its first CFS in Chennai where it handled over 87,000 TEUs last year.

 

Prem Kishan Gupta, Chairman and Managing Director of Gateway, commented "Gateway Distriparks is looking to consolidate its position in Chennai by working out of a single facility, and the net proceeds from this sale will go entirely towards reduction of debt."

SCI Ship Urja performs rescue operation at Arabian Sea November 07 , 2019

MUMBAI: SCI Urja, the Offshore Supply Vessel of the Shipping Corporation of India has rescued 18 fishermen at Arabian Sea alongwith the Indian Navy vessel, INS Teg on 26th Oct 2019. 

 

The incident took place in Arabian Sea at around 0924hrs on 26.10.2019, when SCI Urja was carrying out production duty under Armada sterling-1(FPSO). The SCI vessel was instructed to proceed to D-1D platform for assisting distressed trawler (fishing boat) titled "Vaishnav devi mata". Our vessel SCI Urja reached the location at around 1030hrs and found the fishing boat half flooded with sea water and 

18 nos fishermen desperately awaiting assistance for their survival. 

 

As the severe tropical storm "KYARR" was passing by, all vessels were experiencing gale force wind and very high/rough seas. One of the fisherman succeeded in climbing onto the platform D-1D with the help of scramble net but others (17 nos) stayed back on the boat, awaiting for assistance from SCI Urja. SCI Urja towed the distressed craft along with 17 fishermen to safe location outside the oilfield and handed it over to Indian Navy vessel "INS Teg". 

 

Due to quick and effective assistance rendered by SCI Urja in such challenging circumstances, life of all 18 fishermen could be saved and that too without any reported major injury. 

 

Mrs. H K Joshi, CMD of SCI appreciated the Master of SCI Urja & other ship staff on board the vessel for carrying out such rescue operation effectively, In the past also, SCI has rendered its services for the rescue operations in Nation’s interest.

Govt to facilitate onion imports from Iran, Egypt, Turkey; to relax fumigation norms

NEW DELHI: As retail onion prices has shot up recently, the Centre has said that it will relax fumigation norms and facilitate import of the key kitchen staple from Afghanistan, Egypt, Turkey and Iran to boost the domestic supply. A decision in this regard was taken at the meeting of an Inter-Ministerial committee, headed by Consumer Affairs Secretary Avinash K Srivastava, which reviewed the prices and availability of onions in the Country.

 

“It (supply) is expected to improve in the coming days. Union Government to act as a facilitator for import of onion. Phytosanitary and fumigation requirement to be suitably liberalised to facilitate imports,” said a statement issued by the Consumer Affairs Ministry.

Indian missions in Afghanistan, Egypt, Turkey and Iran will be requested to facilitate the supply of onions to India. This is expected to facilitate immediate import of 80 containers and diversion of 100 containers in high seas to India, the Ministry said.

 

Elaborating, a senior Consumer Affairs Ministry official said that the Indian missions in these countries will discuss with private traders and see if imports can be facilitated.

 

Currently, imported onions are allowed in the Country after the commodity is fumigated with Methyl Bromide and certified by the exporting nation. Importers are required to pay huge charges if fumigated at Indian ports. This provision will be liberalised, he said.

Will resolve outstanding issues raised by India for not joining RCEP: China November 07 , 2019

BEIJING: China said that it will follow the principle of "mutual understanding and accommodation" to resolve the outstanding issues raised by India for not joining the Beijing-backed mega Regional Comprehensive Economic Partnership (RCEP).

 

China also said it would welcome India joining the deal at an early date.Prime Minister Narendra Modi had conveyed India's decision not to join the RCEP deal at a summit meeting of the 16-nation bloc, effectively wrecking its aim to create the world's largest free trade area having half of the world's population.

 

Asked for China's comments on India not joining the RCEP deal over concern of cheap Chinese products potentially harming its domestic industry, Chinese Foreign Ministry spokesman Geng Shuang told the media here that China welcomes India joining the deal.

He said the RCEP is a regional trade agreement and mutually beneficial in nature.

 

"If it is signed and put into implementation it is conducive for the Indian goods entry into China and other participating countries. In the same vein, it will also help Chinese goods to enter the markets of India and other participating countries," he said.

"This is two-way and complementary (deal) and I should point out that China and India are both emerging major developing countries. We have a huge market of 2.7 billion people and there is a big potential in the market," he said.

India exploring trade agreements with USA & EU; FTAs with Japan, Korea & ASEAN being reviewed says Piyush Goyal

NEW DELHI: Union Minister of Commerce and Industry & Railways Piyush Goyal assured that India will never finalize any trade agreement in a hurry. During trade negotiations the focus will be on India first said the Minister while addressing a press conference, on the decision taken by India on the Regional Comprehensive Economic Partnership (RCEP), in New Delhi.

 

He said that India’s economic interests and national priorities come first and the concerns of the farmers, dairy sector, MSMEs and domestic manufacturing will be addressed and these sectors will be protected. Commerce and Industry Minister informed that throughout the seven year long negotiations in RCEP India has consistently stood its ground to uphold its demands particularly over controlling trade deficit, stronger protection against unfair imports and better market opportunities for Indian goods and services. The opening up of the Indian market must be matched by openings in areas where our businesses can benefit and India will not allow its market to become a dumping ground for goods from other countries said the Minister.

 

Commerce and Industry Minister further informed that the Free Trade Agreements (FTAs) with Japan, South Korea and ASEAN countries are being reviewed. The review of the FTA with South Korea, which began 3 years back, is being fast tracked. He further informed that India has already secured agreement in ASEAN for a review of the FTA and a Joint Working Group (JWG) is discussing the issues to be addressed in Japan FTA.

 

Replying to questions Commerce and Industry Minister informed that at present India is exploring trade agreements with the USA and European Union, where Indian industry and services will be competitive and benefit from access to large developed markets.