News Flash- Week 07
DP World announces CARGOES Flow supply chain visibility platform
?DP World, the leading provider of smart supply chain solutions, today announced that CARGOES Flow- an end-to-end visibility platform for tracking intermodal shipments across sea, air, and land-is now widely available.
CARGOES Flow is a one-stop-shop supply chain solution that provides end-to-end visibility for shipments irrespective of their shipping modes, carriers, and shipping lanes. The platform, which requires no setup to be used, features an intuitive, easy to use interface that allows users to gain insight into their supply chain and better manage productivity, planning, cost optimisation, and overall business performance.
Operating in the cloud, CARGOES Flow provides real-time intelligence on the status of active and completed shipments on a single, dedicated platform. Key features include:
Mundra busiest container port in India
?Port of Kolkata
TEU handled in 2021: 557,000?
Located in West Bengal, and once known as?Kolkata Port Trust, Kolkata is the oldest operating port in the country, and one of the 12 major ports controlled by the Indian government.
Hapag-Lloyd, the German container carrier, recently deployed a new Nepal-India inland freight service, linking the Inland Container Depot Birgunj, in Nepal, to the ports of Kolkata and Visakhapatnam, offering greater reliability to regional shippers.
V.O. Chidambaranar Port Trust
TEU handled in 2021: 593,090
Chidambaranar Port Trust?is the most strategically located port in india, being situated close to the East-West International sea routes on the south-eastern coast of the country. It consists of two container terminals, which are operated by?PSA Sical Terminals?and?Dakshin Bharat Gateway Terminal. Combined, these two terminals account for a total capacity of 1,050,000 TEU.
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The Russian-Ukrainian conflict and its effects on the maritime sector
?Russia has amassed around 100,000 troops near Ukraine’s borders, and there are fears of an eventual conflict, which Moscow categorically denies. UK’s secretary of defence Ben Wallace calls the failed negotiations with Russia as a ‘whiff of Munich in the air’- a reference to the failed talks at Munich aimed to stop Nazi Germany’s attack on Czechoslovakia and an eventual second world war.
The hit on the maritime sector would spell havoc, particularly for the energy sector. In the first six months of 2021, the Russian import of natural gas in Europe was 46.8%; Coal was another significant import from Russia to Europe. The former was the largest exporter to the continent and delivered approximately 33.58 million tons to Europe in 2021. However, with the ongoing crisis and an unstable relationship with Russia, Europe is looking at an energy shortfall.
Reliance aims to become world’s largest Hydrogen maker
?Billionaire Mukesh Ambani’s Reliance Industries Ltd is targeting to become one of the largest producers of blue hydrogen globally, producing the zero-emission fuel at costs that will be half of the global average.
The operator of the world’s largest oil refining complex will re-purpose a Rs 30,000 crore plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-1.5 a kilogram, Reliance said in a presentation detailing the separation plan.
Hydrogen is the cleanest form of known fuel. Depending on production methods, hydrogen can be grey, blue or green.
India and Australia to work jointly on trusted supply chains: Jaishankar
?India and Australia will work jointly to create more trusted and resilient supply chains and to ensure inclusive growth across the Indo-Pacific, external affairs minister S Jaishankar said on Saturday.
He made the remarks while addressing a joint news conference in Melbourne with Australian foreign minister Marise Payne, who announced the Maitri (friendship) initiatives with an outlay of more than Aus $20 million to foster educational and cultural ties between the two countries.
The ministers addressed the media after holding the annual India-Australia foreign ministers’ framework dialogue and the maiden cyber framework dialogue. Payne said the two sides discussed regional challenges such as the Covid-19 response, economic recovery, supply chain resilience, maritime security and cyber threats.