Transportation Time News

Innovative waterway concept vessel could deliver transportation savings for shippers on the Mississippi River. Plans to transport freight via innovative waterway vessels that backers say will revolutionize the inland waterway system and provide significant transportation cost savings for shippers, especially those accessing the Midwest by utilizing the Mississippi River and its tributaries, are underway, according to Sal Litrico, CEO for American Patriot Container Transport, a wholly owned subsidiary of American Patriot Holdings LLC.Litrico presented information about Container on Vessel (COV) innovations at two St. Louis Regional Freightway Industry Forums in late August in St.

Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers.The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal.Novatek said a ceremony was held to commemorate the arrival of LNG tankers Vladimir Rusanov and Eduard Toll with cargo capacity over 170…

In the past one year, Maersk Line, the global containerized division of the Maersk Group has enabled movement of multiple consignments of complex cargo out of India successfully, said a press release. Due to its global presence and network, the exporter network of India has been able to successfully reach out to newer geographies. Commenting on the achievement, recently appointed Managing Director for Maersk Line (India, Sri Lanka, Nepal, Bangladesh, Maldives and Bhutan), Steve Felder said, ”In the past 18 months or so, we have expanded our horizon in various new commodity categories. India is at an exciting growth path and with our focus on adding value to the customer’s end to end cold chain, the commitment to support the growth of the trade is very strong and visible.

The first Arc7 ice-class LNG tanker “Christophe de Margerie” has entered the Kara Sea and has started its first LNG cargo voyage through the Northern Sea Route (NSR). The subleased tanker will go through the NSR without the escort of icebreakers and will deliver LNG from Norway to South Korea in 15 days. The utilization of the route from Europe to Eastern and South-Eastern Asia through the NSR halves the transportation time to market compared to the traditional route. The start of LNG shipments through the NSR with the ARC7 ice-class tanker will help to increase cargo turnovers and develop navigation in Arctic Ocean. Currently, the navigation routes for high-tonnage ships through the NSR have already being used and tested, providing security and efficiency of navigation.

Korea's Incheon Port is rapidly emerging as a port for government stockpile imports due to a significant increase in imports of US edible soybeans. Incheon Port Authority (IPA) announced  that the Korea Agro-Fisheries & Food Trade Corporation (aT) designated Incheon Port as the exclusive port for receiving 10,000-ton container volumes through a bid announcement of the basis purchase in 2018. The volume is a 66% increase from the 6,000 tons imported via Incheon Port that aT designated as the import port when it imported a basis purchase in 2017 and a spot purchase in 2016. The import volume increased five-fold from the 2,000 tons of US edible soybeans imported by the government as its stockpile in 2015.

Reviewing the company’s financial and operating results for the first half year ended 30 June 2016, on 23 August 2016, the Executive Board of PAO Sovcomflot (“SCF Group”) noted that despite a tanker market downturn, the company was able to demonstrate strong performance and strengthen its financial position while continuing to enhance its industrial projects portfolio in accordance with its Development Strategy. * Five new vessels launched: pioneering 172,600 m3 capacity ice breaking LNG carrier (Arc7 ice class) for Yamal LNG project (January), three new Arctic shuttle tankers for Novy Port project (February, April, June), and a new ice-breaking supply vessel to serve Sakhalin 2 project (June).

Maersk starts its Krishnapatnam Service from April 17th and Kattupalli on April 19th, 2016. Both these calls are strategic and are aimed at supporting the growth of local businesses in the hinterland covering Andhra Pradesh, Northern Tamil Nadu and Eastern Karnataka. Commenting on this announcement, Mr. Franck Dedenis, Managing Director, Maersk Line (India and Bangladesh Cluster) said, “Our decision to call on these ports reiterates Maersk Line’s commitment in bringing value to our customers. Both these calls will enable us to be closer to our customers. We are here for the long haul and want to grow profitably with the market. These calls to Krishnapatnam and Kattupalli will help Maersk Line leverage port efficiencies and reduced transportation time.

A new efficient train service commenced its first journey from Krishnapatnam Port to ICD WFD on 19th June 2015, thereby marking a new milestone on the service offerings by the port. The first rake was a full load of import laden containers belonging to the business houses in and around Bengaluru city. This weekly rail service in association with CONCOR provides the fastest transit from ICD WFD to the closest gateway port and given an impetus to the importers & exporters around Bengaluru, Hosur, Chittoor, etc. The train service has a maximum carrying capacity of 90 TEUeach way and reduces the transportation time from 24-36 hours taken by road to just 18 hours. In addition, it also helps customers to save between US$100 – US$150 on each container.

NAWAH Port Management (NPM), a business unit of North America Western Asia Holdings (NAWAH), in partnership with the General Company for Ports of Iraq, has launched the first phase of a containerized terminal at Al Maqal Port, also known as the Port of Basra. The opening ceremony marked the completion of an essential yearlong phase for NAWAH and the modernization project for Al Maqal, culminating in the initiation of commercial operations at the newly containerized Berth 14. This…

'Nordic Orion' is taking the Northern Sea Route (NSR) with a full cargo of coal from Vancouver in Canada to Finland. The historic transit is shorter than traditional shipping routes and will not only save time, fuel and CO2, but also increase the load of cargo with 25% compared to the Panama Canal. called North West Passage through Arctic waters to Finland. A Danish pioneer in operating ice-classed bulk carriers Nordic Bulk Carriers A/S is behind the historic North West Journey.

Maersk Line is extending its total container ship transportation time promise to six more routes: from Jakarta (Indonesia) or Laem Chabang (Thailand). The routes are to Bremerhaven (Germany), Rotterdam (The Netherlands) or Felixstowe (UK). (Bookings for this service will commence 8th October 2012). With gate-in any day of the week and two weekly cut-offs, Maersk Line are promising to transport goods on these routes in 31 days. The clock starts at cut-off and stops when goods are available at the final container yard. The promise is absolute, backed with the same monetary guarantees offered on Daily Maersk. It has been a year since Maersk Line introduced Daily Maersk.